News Topics: Property Acquisitions & Divestitures

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Petrobangla Invites EOIs for 3 Offshore Exploration Blocks in Bay of Bengal
Friday, September 30, 2016 Petrobangla invites foreign companies to submit expressions of interest (EOI) for oil and gas exploration in three offshore blocks in the Bay of Bengal.

Engie CEO Says Higher Oil Price Aids E&P Asset Sale, In No Rush
Thursday, September 29, 2016 The chief executive of French gas and power group Engie says higher oil prices improved prospects for the sale of its exploration and production assets.

Karoon Buys PEPC's 35% Stake in 4 Santos Basin Blocks in Brazil for $20.5M
Wednesday, September 28, 2016 Karoon Gas Australia acquires Pacific Exploration and Production Corp.'s (PEPC) 35 percent stake in 4 exploration blocks in Brazil's Santos Basin for up to $20.5 million.

Nigeria Mulling Oil Assets Sale That Could Reshape The Industry
Wednesday, September 28, 2016 Nigeria's possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa's most populous country could reduce the government's influence over its biggest industry.

Farstad Shipping Sells AHTS Lady Sandra
Tuesday, September 27, 2016 Norway's Farstad Shipping sells anchor handling tug supply (AHTS) vessel Lay Sandra.

Sound Renegotiates Sidi Moktar Acquisition Agreement with PetroMaroc
Friday, September 23, 2016 Sound Energy renegotiates a deal with PetroMaroc Corporation plc for the acquisition of a 50% operated interest in three onshore gas permits located in Morocco.

As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Friday, September 23, 2016 Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.

Equatorial Guinea Calls on Asia Firms to Participate in EG Ronda 2016
Wednesday, September 21, 2016 Equatorial Guinea's Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima calls on Asia Pacific companies to participate in the country's latest oil and gas licensing round (EG Ronda 2016) at an industry event in Singapore.

Carnarvon Adds WA-524-P Permit on Western Australia's NWS to Portfolio
Tuesday, September 20, 2016 Carnarvon Petroleum adds permit WA-524-P on Western Australia's North West Shelf to its exploration portfolio.

Gazprom Wants More Than 25% Of OMV North Sea Assets
Thursday, September 15, 2016 Gazprom wants more than 25% of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters.

EnQuest, Delek Group End Kraken Oilfield Stake Sale Talks
Thursday, September 15, 2016 Oil producer EnQuest plc ends talks with Israeli conglomerate Delek Group Ltd regarding a potential stake sale in an oilfield in the North Sea.

Eni Signs Concession Contract with Montenegro Government
Wednesday, September 14, 2016 Eni signs a concession contract with the Government of Montenegro for the exploration of 4 blocks in the country's offshore.

Total Considering Sale Of Stake In Norway's Martin Linge
Wednesday, September 14, 2016 French oil and gas company Total is considering the sale of some of its 51% stake in the Martin Linge oil and gas field in Norway where it is the operator, Bloomberg reported.

Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain
Wednesday, September 14, 2016 Morgan Stanley analysts say deepwater Gulf of Mexico assets that Anadarko bought in August could've been priced at a $5 billion valuation if the market had more time to recover.

Parkmead Increases Stake in 'Major' UKCS Oil Project
Wednesday, September 14, 2016 Parkmead, the UK and Netherlands focused independent oil and gas group, has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.

Pura Vida Outlines Plans for Development of Loba Oil Field Offshore Gabon
Wednesday, September 14, 2016 Pura Vida outlines plans for the development of the Loba Oil Field in the Nkembe block, offshore Gabon.

TGS, PGS to Acquire Majority of Dolphin UK Ltd. Multi-Client Library
Wednesday, September 14, 2016 TGS has, together with Petroleum Geo-Services ASA (PGS), agreed principal terms and conditions for jointly acquiring the majority of the multi-client library of Dolphin UK Ltd.

China CEFC Acquires Stake In Chad Oil Blocks From Taiwan's CPC
Tuesday, September 13, 2016 Privately run CEFC China Energy agrees to acquire a 35 percent stake in oil blocks in Chad from Taiwan's state-owned Chinese Petroleum Corp for about $110 million, according to CEFC company executives.

Oil Search to Acquire 40% interest in Offshore Papua New Guinea Licenses
Monday, September 12, 2016 Oil Search (PNG) Limited has entered into agreements with Gini Energy Limited, ultimately owned by CNOOC Limited, to acquire a 40% interest in PPL 374 and PPL 375, offshore Papua New Guinea.

MEO Australia: 4 Companies Interested in Beehive Farm-Out Deal
Monday, September 12, 2016 MEO Australia Limited reveals that 4 substantial companies have engaged in a farmout process for the Beehive prospect and are actively reviewing the technical data for WA-488-P.

Total Takes Control Of Barnett Shale Assets From Chesapeake
Friday, September 09, 2016 Total will exercise its right to buy the remaining 75% stake in Barnett shale assets it did not already own from Chesapeake.

UIL Completes Transaction to Acquire Eneabba's Perth Basin Permit Interests
Friday, September 09, 2016 UIL Energy completes an agreement to acquire Eneabba Gas' Perth Basin permit interests in Western Australia.

Statoil Increases NCS Equity Through Tullow Deals
Wednesday, September 07, 2016 Statoil agrees terms with Tullow Norge AS to increase its equity in four licenses on the Norwegian continental shelf (NCS), including the Wisting discovery in the Barents Sea.

Solo Oil Opts Out of Immediate Option to Extend KNDL Equity
Wednesday, September 07, 2016 Solo Oil has informed Aminex plc that it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL.

Ifax: Gazprom Invites China's CNOOC to Take Part in Offshore Oil Exploratio
Tuesday, September 06, 2016 Gazprom invites CNOOC to take part in offshore oil exploration in Russia, according to the Interfax news agency.

EOG Inks $2.5B Deal In Shift To Low-Cost Permian Shale
Tuesday, September 06, 2016 EOG Resources says it would buy privately held Yates and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins.

CNPC Selling $11B In Financial Assets To Listed Unit In Reform Push
Tuesday, September 06, 2016 China National Petroleum Corp. (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure its non-core businesses.

Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for $400M
Monday, September 05, 2016 Woodside Petroleum inks agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.

Armour Completes Transfer of Tenements for Kincora Project in Surat Basin
Friday, September 02, 2016 Armour Energy completes the transfer of tenements for the Kincora Project in Surat Basin, Queensland, Australia.

Shell's US Deal To Unlock Global Oil Asset Disposals
Wednesday, August 31, 2016 Shell's first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources.

Oil Companies May Spend $8B to Start Output in Uganda
Tuesday, August 30, 2016 Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing crude in 2020, Energy Minister Irene Muloni says.

Shell To Sell Certain Gulf Of Mexico Assets To EnVen Energy
Monday, August 29, 2016 Shell agreed to sell certain assets in the Gulf of Mexico to EnVen Energy for $425 million, plus royalty interests.

Thailand To Open Bids For Energy Concessions In March 2017
Thursday, August 25, 2016 Thailand's military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production.

Obama's Final GOM Western Area Lease Sale in Louisiana Nets $18 Million
Wednesday, August 24, 2016 Against a backdrop of historic flood damage, the first federal offshore oil and gas lease sale broadcasted on the internet delivers two dozen offers.

Cooper Energy Seeks New Buyer for Tangai-Sukananti KSO in Sumatra
Wednesday, August 24, 2016 Cooper Energy seeks buyer for its stake in the Tangai-Sukananti KSO in South Sumatra, Indonesia after the ACL-Lamara joint venture terminated the purchase transaction.

Statoil to Buy P.2170 License Stake in Quest to Become Active UKCS Explorer
Tuesday, August 23, 2016 Statoil signs an agreement with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire a 70% ownership and operatorship of the P.2170 license on the UKCS.

Cobalt International Says Angola Oil Block Stake Sale Terminated
Tuesday, August 23, 2016 Cobalt International Energy Inc says the proposed $1.75 billion sale of a 40% stake in 2 offshore oil blocks in Angola to the state oil company was terminated.

Egdon to Increase PEDL068 Stake in North England
Monday, August 22, 2016 Egdon Resources plc reaches an agreement to acquire an additional 20% interest in license PEDL068 from DESS Energy Limited, bringing its total interest to 68%.

Thailand's PTTEP To Sell Oman 44 Project To ARA Petroleum
Monday, August 22, 2016 Thailand's largest oil and gas explorer, PTT Exploration and Production says it will sell its Oman 44 natural gas project to ARA Petroleum in a shift in investments in the Middle Eastern country.

Tullow Oil to Sell Exploration Assets in Norway
Monday, August 22, 2016 Tullow Oil will sell its exploration and development licenses in Norway, says a company spokesperson in a statement sent to Rigzone.

Chevron Says No Plan To Exit Thailand, May Keep Stake In Myanmar Gas Field
Friday, August 19, 2016 Chevron is committed to its Thailand investments despite job cuts that have spurred rumors of the US oil major's exit.

Exxon, Chevron, Hess Said to Be in Joint Bid for Mexican Oil
Friday, August 19, 2016 ExxonMobil, Chevron and Hess have agreed to bid together for rights to drill for crude in Mexico's deepwater oil areas, according to a person with direct knowledge of the plans.

Delek Drilling and Avner Agree to Sell Israeli Fields to Energean
Wednesday, August 17, 2016 Delek Drilling and Avner sign a deal for the sale of 100% of their holdings in the Karish and Tanin natural gas fields, located offshore Israel, to Greece's Energean Oil & Gas.

Concho Expands Midland Footprint with $1.6B Acquisition
Tuesday, August 16, 2016 Concho Resources demonstrates its commitment to the Midland Basin as a core operating area with its $1.6 billion acquisition from Reliance Energy.

MEO Australia Provides Update on Projects in Australia, NZ & Cuba
Monday, August 15, 2016 MEO Australia provides an update on its key projects in Australia, New Zealand and Cuba.

Blackstone, Apollo Size Up Distressed Oil Deals That Banks Shun
Thursday, August 11, 2016 Precise numbers are hard to come by, but in conversations with investors, bankers and analysts across the industry, there's little doubt that private equity firms are ramping up their investments.

Australia Launches 2016 Offshore Petroleum Exploration Acreage Release
Thursday, August 11, 2016 Australia launches the 2016 Offshore Petroleum Exploration Acreage Release covering 28 areas across 5 basins offshore the Territory of Ashmore and Cartier Islands and Western Australia.

Mitra Energy to Acquire 30% Stake in Vietnam Blocks in 'Positive' Move
Wednesday, August 10, 2016 Mitra Energy will acquire a 30% working interest in blocks 05-1B and 05-1C offshore the socialist republic of Vietnam for a total cash consideration of $14.3 million.

Parkmead Doubles its Stake in Polecat, Marten Oil Fields
Wednesday, August 10, 2016 Parkmead, the UK and Netherlands focused independent oil and gas group, doubles its stake in the Polecat and Marten oil fields in the UK Central North Sea.

OMV Agrees To Sell 30% Stake In British Rosebank Field To Suncor
Tuesday, August 09, 2016 OMV has agreed to sell most of its 50% stake in the British Rosebank field to Canada's Suncor Energy.

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