News Topics: Property Acquisitions & Divestitures

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Indonesia Plans to Offer More Oil, Gas Blocks for Bidding This Year
Monday, May 25, 2015 Indonesia plans to offer more oil and gas blocks for bidding in a new round planned later this year, according to a local daily.

NZEC Relinquishes PEP 52976 Permit in New Zealand's East Coast Basin
Friday, May 22, 2015 New Zealand Energy Corp. relinquishes permit PEP52976 in the East Coast Basin of New Zealand's North Island.

Mexico's Round One to Attract Smaller Players
Thursday, May 21, 2015 Acreage offered for bidding in the next phase of Mexico's Round One will most likely attract smaller, private and equity-backed companies, Wood Mackenzie tells Rigzone.

MEO Farm-out 30% Stake in WA-488-P Permit to Rex International Holding
Thursday, May 21, 2015 MEO farm-out 30 percent stake in WA-488-P exploration permit offshore Western Australia to Rex International Holding.

More Buyers than Sellers Idles Upstream M&A Market
Thursday, May 21, 2015 Many upstream companies are interested in M&A, but want to hold off activity until stability returns to commodity markets.

Roxi to Complete Galaz Contract Area Stake Sale to Xinjiang Zhundong Soon
Thursday, May 21, 2015 Roxi Petroleum expects to close the sale of its stake in the Galaz Contract Area by end of this month.

Total In Talks To Give Up Shale License In Denmark
Thursday, May 21, 2015 Total is in talks with Danish regulators on giving up one of the two shale gas licenses it has in the country, the Danish Energy Agency says.

Wintershall Pulls Out of Qatar Gas Activities
Wednesday, May 20, 2015 German independent energy firm Wintershall says it will give up its gas exploration activities in Qatar.

Pertamina Can Opt for Up to 15% Stake in Expiring PSCs in Indonesia
Wednesday, May 20, 2015 Pertamina can opt to acquire up to 15 percent stake in expiring production sharing contracts in Indonesia under new regulation, a local daily says.

Orca Energy Sale of its South Australian Cooper Basin Assets to Senex
Tuesday, May 19, 2015 Orca Energy completes the sale of its Cooper Basin assets in South Australia to Senex Energy.

BP Plans to Sell Part of Its Stake in Australian Oil Venture
Tuesday, May 19, 2015 BP plans to sell part of its oil project off southern Australia, before an exploration campaign that's slated to start late next year at a cost of more than $800 million.

Albania Seeking Bids For Oil, Gas Search In June
Monday, May 18, 2015 Albania will offer companies interested in oil and gas exploration 7 offshore and onshore blocks in June in a bidding process, officials say.

Australia Offers 29 Offshore Blocks for Bidding in 2015 Acreage Release
Monday, May 18, 2015 Australia offers 29 offshore oil and gas blocks for bidding in its 2015 Acreage Release.

Tokyo Gas Targets More US Shale Gas Investments
Monday, May 18, 2015 Japan's Tokyo Gas is looking to invest in more US shale gas production, according to a company executive.

Oil Minister: India Looking to Acquire Oil Assets Abroad
Friday, May 15, 2015 India is looking to buy oil assets abroad, according to the nation's oil minister.

Top Oil Execs, Cash-Rich Funds Team Up To Buy UK North Sea Assets
Friday, May 15, 2015 High-profile oil and gas executives are teaming up with private equity funds seeking to invest billions in UK North Sea assets.

Queensland Invites Bids for Cooper-Eromanga, Surat Basins Gas Exploration
Thursday, May 14, 2015 Australia's Queensland state invites bids for gas exploration blocks in the Cooper-Eromanga and Surat Basins.

Bidding Begins For Peru's Largest Oil Block In Amazon
Thursday, May 14, 2015 Peru opens bidding for rights to develop the country's largest oil block after several months of negotiations with indigenous groups over pollution, energy regulator Perupetro says.

Myanmar Rules Out Launch of Bidding Round for Exploration Blocks This Year
Wednesday, May 13, 2015 Myanmar rules out the launch of a bidding round for petroleum exploration blocks this year, an official of Myanma Oil and Gas Enterprise says, as reported in a local media.

JPDA 06-103 JV Submits Request to ANP to Terminate the PSC Off NW Australia
Wednesday, May 13, 2015 Partners in the Joint Petroleum Development Area 06-103 Block off northwest Australia submit a request to the Autoridade Nacional do Petroleo to terminate the Production Sharing Contract.

AziPac Acquires 50% Stake in North Madura PSC Offshore Java
Tuesday, May 12, 2015 AziPac acquires 50 percent stake in North Madura Production Sharing Contract offshore north east Java, Indonesia.

Cosmo Oil, Cepsa in Talks for New Abu Dhabi Oilfield Stake
Tuesday, May 12, 2015 Cosmo Oil and its Spanish upstream business partner Cepsa are in talks with the Abu Dhabi National Oil Co (ADNOC) to obtain a new oilfield stake in the Middle Eastern nation, the Japanese firm's top executive says.

Eland Gets Go-Ahead for OML 40 Operatorship
Monday, May 11, 2015 Eland Oil & Gas receives consent from Nigeria's Department of Petroleum Resources to operate the OML 40 onshore license.

Novatek Co-owner Says CNPC Not Planning to Increase Stake in Yamal
Friday, May 08, 2015 Gennady Timchenko, co-owner of Novatek, says China National Petroleum Corporation is not planning to increase its stake in the Yamal LNG project.

OMV's Roiss Sees Withdrawal from Smaller Markets
Thursday, May 07, 2015 The chief executive of Austria's OMV says the firm will leave smaller markets as it builds up production in places like Norway and Romania.

OTC 2015: Israel to Resolve Disagreement with Noble within 2 Months
Wednesday, May 06, 2015 An Israeli government official tells Rigzone that the country will soon resolve its issue with Noble Energy concerning ownership rights over the giant Leviathan gas field.

Official: Anadarko To Participate In Bulgarian Offshore Tender
Wednesday, May 06, 2015 Anadarko Petroleum plans to take part in tenders for deepwater gas and oil exploration in Bulgaria's Black Sea waters, a Bulgarian senior official says.

CEO: Anadarko Not In Talks To Sell Mozambique Assets
Tuesday, May 05, 2015 Anadarko is not in talks to sell its multibillion-dollar stake in Mozambique's gas reserves and instead is working toward a final investment decision on the planned LNG project there.

Azeri SOCAR Assumes Statoil's Pipeline Project Operating Rights
Friday, May 01, 2015 Statoil hands over its commercial operating rights over the gas-carrying South Caucasus Pipeline project to Azeri state energy firm SOCAR.

Exoma Finalizing Withdrawal from Queensland's Galilee JV Permits
Thursday, April 30, 2015 Exoma Energy is still finalizing withdrawal from the Galilee Joint Venture exploration permits in Queensland, Australia.

Shell Looks With 'Keen Interest' at Offshore Brazil Assets
Thursday, April 30, 2015 Shell will look with "keen interest" at any subsea deep water oil assets Petrobras puts up for sale, Chief Executive Officer Ben van Beurden says.

Ophir Energy Completes Acquisition of 4 Deepwater PSCs in Indonesia
Tuesday, April 28, 2015 Ophir Energy completes acquisition of four deepwater production sharing contracts in eastern Indonesia.

Japan's Inpex Wins 5% Stake in New Abu Dhabi Oil Concession
Monday, April 27, 2015 Japan's Inpex Corporation becomes the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi.

Inpex Acquires 5% Participating Interest in ADCO Concession in Abu Dhabi
Monday, April 27, 2015 Inpex acquires a 5% participating interest in ADCO's onshore concession in Abu Dhabi, United Arab Emirates.

Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.

BP to Sell UK Gas Pipeline Stake to Infrastructure Fund
Thursday, April 23, 2015 BP agrees to sell its stake in one of Europe's biggest pipelines to Antin Infrastructure Partners.

M&A Likely to Heat Up in Second Half
Wednesday, April 22, 2015 Bankers and analysts during a panel at IHS CERAWeek opined on the relatively slow state of mergers and acquisitions; most expect it to pick up this fall.

Norway Launches Expanded Oil Licensing Round in Mature Areas
Tuesday, April 21, 2015 Norway launches its 2015 oil and gas licensing round in mature areas, expanding it to include blocks near recent discoveries.

Official: India to Auction 69 Marginal Fields Owned by ONGC, Oil India
Tuesday, April 21, 2015 India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp and Oil India Ltd, the country's oil secretary says.

Woodside Turns Down Rabat Deep Operatorship
Tuesday, April 21, 2015 Woodside turns down the opportunity to increase its stake in the Rabat Deep license, offshore Morocco, leaving Chariot Oil & Gas seeking a new partner to fund drilling.

Britain Orders Sale Of Russian Billionaire Fridman's North Sea Fields
Monday, April 20, 2015 Britain orders Russian billionaire Mikhail Fridman to sell his North Sea gas fields within six months.

Encana Says to Explore Sale of Haynesville Gas Properties
Monday, April 20, 2015 Encana is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, according to sources.

Venezuela Wants Oil Firm Harvest Out, If It Can Find Deep-Pocketed Buyer
Monday, April 20, 2015 Venezuela would prefer Harvest Natural Resources to leave the country, but wants it to sell a project stake to a company with financial muscle to make major investments, PDVSA says.

Lime Petroleum Acquires 30% Stake in PL544 in Norwegian North Sea
Friday, April 17, 2015 Lime Petroleum acquires a 30 percent stake from Lundin Petroleum in PL544 in the Norwegian North Sea.

Petsec to Operate Yemen's Block 7 After Acquiring Oil Search's Local Unit
Friday, April 17, 2015 Petsec Energy takes over as operator of Block 7 in Yemen after increasing its stake in the permit through acquisition of Oil Search's Yemeni subsidiary.

Madagascar Oil Awarded 25-Year Development Title for Tsimiroro Block
Thursday, April 16, 2015 Madagascar Oil is awarded a 25-year 'Development Mining Title' for the Block 3104 Tsimiroro production sharing contract.

Mozambique Delays Oil, Gas Bid Round until July 30
Thursday, April 16, 2015 Mozambique's fifth oil and gas bid round will close on July 30, delayed from its previous April 30 deadline.

Petrobras Says Has No Plans to Sell Sub-Salt Oil Fields
Thursday, April 16, 2015 Petrobras says it has no plans to sell sub-salt oilfields in a divestment program aimed at shoring up its finances.

UKOG Completes Purchase of Markwells Wood License
Monday, April 13, 2015 UK Oil & Gas reports the completion of the acquisition of a 40-percent interest in the PEDL126 license in southern England, which contains the Markwells Wood oil discovery.

Murphy Completes Transfer of 50% Stake in Cameroon's Ntem Block to Sterling
Friday, April 10, 2015 Murphy Corp. completes transfer of its 50 percent interest in Ntem Concession offshore Cameroon to Sterling Energy.

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