News Topics: Property Acquisitions & Divestitures

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PetroChina's $2.4B Sale Mixes Profits With Overhaul
Thursday, November 26, 2015 PetroChina rises to a two-week high after announcing plans to sell pipeline stakes for as much as $2.4 billion as the nation’s biggest oil and gas producer seeks to meet year-end profit targets amid a drive to reform state-own enterprises.

Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct
Tuesday, November 24, 2015 Pertamina invested $2.14 billion in upstream assets from January to October this year, CEO Dwi Soetjipto says, with total CAPEX reaching $2.89 billion as of last month.

IRG: Lower Oil Price Presents Increasing Number of Opportunities
Monday, November 23, 2015 Independent Resources plc believes that the lower oil price environment presents "an increasing number of opportunities".

BG Group Buys a 35% Stake in Cyprus's Aphrodite Gas Field
Monday, November 23, 2015 BG Group secures a 35% holding in the Aphrodite gas field, which was discovered offshore Cyprus in 2011.

Poland's PGNiG Eyes Iran's Oil and Gas Market
Monday, November 23, 2015 Polish gas distributor is looking at various options in oil and gas exploration and production in Iran.

UKOG Completes PEDL143 Farm-in
Monday, November 23, 2015 UK Oil & Gas Investments plc completes a farm-in agreement with Warwick Energy Exploration and Production Limited to acquire a further 10% interest in the onshore UK Weald Basin license, PEDL143.

Eni Sells Remaining Stake In Galp
Friday, November 20, 2015 Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.

Bowleven Plans to Acquire KNDL, Ruvuma PSA Stakes
Thursday, November 19, 2015 Bowleven plans to acquire a 25% interest in the Kiliwani North Development License (KNDL) and a 50% interest in the Ruvuma PSA, in Tanzania.

OGA Approves UKOG Acquisition of Weald Basin License
Wednesday, November 18, 2015 The UK's Oil & Gas Authority gives UKOG consent to acquire a 20-percent interest in UK onshore Weald Basin license PEDL143.

Maersk Oil Says It Has Several Billions Of Dollars For Acquisition Drive
Tuesday, November 17, 2015 Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company's Chief Operating Officer told Reuters.

Market Conditions Prompt Statoil Exit from Chukchi Sea
Tuesday, November 17, 2015 Despite its decision to exit Chukchi Sea, Statoil still sees great potential for Alaska and the Arctic in general.

Russia to Put Last Large West Siberia Oilfield Up for Sale
Tuesday, November 17, 2015 The Russian government is to sell its last remaining large oilfield in West Siberia early next year, the Natural Resources Ministry says.

India Plans to Free Natural Gas Prices Under New Auction Rules
Monday, November 16, 2015 India plans to free prices of locally extracted natural gas and allow producers marketing autonomy as part of new rules for auctioning exploration blocks.

Premier Sells its Norwegian Business to Det Norske Oljeselskap
Monday, November 16, 2015 UK firm Premier Oil sells its entire Norwegian business to Det norske oljeselskap for $120 million.

Statoil Tops $969M of Bids Pledged for Canada Offshore
Friday, November 13, 2015 Statoil is the most active bidder for exploration licenses off Canada's Atlantic Coast as some of the world’s largest producers commit to spend about $969 million for the prospect of long-term growth.

Azinor Catalyst to Acquire 40% Interest in License P.1979
Wednesday, November 11, 2015 Azinor Catalyst signs an agreement with Xcite Energy Resources plc to acquire a 40% working interest in License P.1979, which contains Blocks 9/4a, 9/8b and 9/9h in the UKCS.

Officials: Occidental to Sell Zubair Stake to Iraq's South Oil
Wednesday, November 11, 2015 Occidental Petroleum will sell its stake in the four billion-barrel Zubair oilfield to Iraq's South Oil Company.

Anadarko CEO: Distressed Bakken, Eagle Ford Asset Sales Seen Soon
Tuesday, November 10, 2015 Financial distress is soon expected to trigger long-awaited sales of oil and gas properties in North Dakota's Bakken and Texas' Eagle Ford basin, Anadarko CEO Al Walker says.

Israel Eyes More Offshore Gas Exploration Within 6 Months
Tuesday, November 10, 2015 Israeli Energy Minister Yuval Steinitz says he expects offshore natural gas exploration to accelerate in the next few months, with investment from some of the world's largest oil and gas companies.

Mexican Oil Regulator Modifies Bid Terms For December Auction
Monday, November 09, 2015 Mexico's oil regulator approves tweaks to a third auction set for next month.

Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Monday, November 09, 2015 Maersk Oil & Gas will acquire 50% of Africa Oil's interests in blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo blocks in Ethiopia.

OGA Says Hurricane Can Split Up its West of Shetland License
Monday, November 09, 2015 Junior explorer Hurricane Energy is given approval by the UK Oil and Gas Authority to subdivide its P1368 license, West of Shetland.

TransCanada to Sell Stake in Natgas Pipeline for $223M
Friday, November 06, 2015 TransCanada Corporation says it will sell a 49.9-percent stake in a U.S. natural gas pipeline to its TC PipeLines partnership for $223 million.

Halliburton Presses on With M&A Bond Deal Amid Regulatory Doubts
Thursday, November 05, 2015 Halliburton is plowing ahead with plans to sell $7.5B in bonds to finance its $34.6B takeover of Baker Hughes, shrugging off concerns that the deal faces regulatory hurdles.

Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Wednesday, November 04, 2015 Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.

Pilot Energy Inks Deal to Acquire Caracal's Stake in EP437 in Perth Basin
Wednesday, November 04, 2015 Pilot Energy inks agreement to acquire Caracal Exploration's 13.058 percent stake in exploration permit EP437 in the Perth Basin, Western Australia.

British Oil Company Soco Says No Longer Holds Congo Block Permit
Tuesday, November 03, 2015 Soco International says it no longer holds the exploration licence for a block in eastern Democratic Republic of Congo.

Australia's NSW Govt Offers $17.9M to Megatsco to Settle/Buy-back 3 Blocks
Tuesday, November 03, 2015 The New South Wales Government in Australia offers $17.9 million in settlement/buy-back sum to Metgasco for three petroleum exploration licenses in the state.

Is ConocoPhillips' Exit from DeepWater A Harbinger of The Sector Drying Up?
Monday, November 02, 2015 ConocoPhillips' declaration that it will be out of the deepwater oil and gas search by 2017 is perhaps indicative of things to come in the sector.

Malaysia's Sona Petroleum to Acquire Australia's Stag Oilfied for $50M
Monday, November 02, 2015 Malaysia's Sona Petroleum unit agrees to acquire Stag Oilfield offshore Western Australia from Australia's Quadrant and Santos for $50 million.

Russia's Lukoil to Take Part in Tender for Gulf of Mexico
Friday, October 30, 2015 Lukoil plans to take part in a tender to explore for oil and gas in the Gulf of Mexico, says the company's chief executive Vagit Alekperov.

Equatorial Guinea to Launch New Bidding Round for Offshore Blocks in 2016
Thursday, October 29, 2015 Equatorial Guinea will launch a new bidding round for all remaining deep and ultra-deep water blocks next year, according to the country's energy minister.

Genel to Sell 20% Interest in Chia Surkh PSC
Thursday, October 29, 2015 Genel Energy plc will sell a 20% participating interest in the Chia Surkh Production Sharing Contract to Petoil Inc.

Mozambique to Hold Next Oil, Gas Bidding Rounds in 2017
Thursday, October 29, 2015 Mozambique will hold its next bidding rounds to explore new fossil fuel blocks in 2017, according to a senior official.

Murphy Studies Options for 2 Wells Off Sarawak, Farms-in to Vietnam Block
Thursday, October 29, 2015 Murphy is evaluating development options for the Merapuh 5 and Marakas wells offshore Sarawak, Malaysia, while agreeing to the farm-in for a 35 percent interest in the 15-1/05 Production Sharing Contract off Vietnam.

Statoil Acquires Stake in South Africa's Tugela South
Thursday, October 29, 2015 Statoil completes a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited to acquire a 35% interest in the ER 12/3/154 Tugela South Exploration Right, offshore South Africa.

Mozambique Awards Exxon, Eni Licenses for Exploration
Wednesday, October 28, 2015 Mozambique's government awards six licenses to search for oil and gas.

Occidental to Exit Williston Basin
Wednesday, October 28, 2015 Oxy will exit the Williston Basin and evaluate other non-core operations as it seeks to boost operating cash flow and returns while reducing costs.

Whiting Writes Off $2.57B In Assets, Including Kodiak
Wednesday, October 28, 2015 Whiting Petroleum wrote down $2.57 billion in assets, including its 2014 buyout of rival Kodiak Oil.

Galp, Kosmos Awarded Sao Tome Block
Tuesday, October 27, 2015 Galp Energia and Kosmos Energy are awarded large stakes in Block 6, offshore Sao Tome and Principe.

Providence to Divest Stake in Spanish Point Area Offshore Ireland
Tuesday, October 27, 2015 Providence will divest a 32% interest in the Spanish Point Area, located in the northern porcupine basin offshore Ireland.

Kazakh Fund Signs Loan For Up To $1.5B To Buy Stake In Kashagan Oilfield
Tuesday, October 27, 2015 Samruk-Kazyna signed a 5-year syndicated loan worth up to $1.5B to help it buy a stake in the Kashagan oilfield from KazMunaiGas.

Chinese NOCs Flash Big Dollars for Oil
Monday, October 26, 2015 Fulfilling analyst expectations, a Chinese investment holding company is buying $1.3 billion in Texas oil and gas fields.

Elixir Petroleum Acquires AWE's 57.5% Stake in Cliff Head Oil Field Off WA
Monday, October 26, 2015 Elixir Petroleum acquires AWE's 57.5 percent stake in Cliff Head oil field offshore Perth Basin, Western Australia

Sound Energy Progresses Morocco Asset Acquisition
Thursday, October 22, 2015 Sound Energy signs heads of terms with Maghreb Petroleum Exploration S.A. for the purchase of MPE's 25% carried working interest in three onshore oil and gas exploration permits in Morocco.

Trinity E&P to Sell Onshore Assets
Wednesday, October 21, 2015 Trinity Exploration & Production Plc enters into an agreement to sell its interests in the WD-2, WD-5/6, WD-13, WD-14 and FZ-2 licenses, located onshore Trinidad, to Touchstone Exploration Inc.

MEO Regains Full Stake in Permit WA-488-P Off WA After Rex's Withdrawal
Tuesday, October 20, 2015 MEO Australia regains full stake in permit WA-488-P off Western Australia after Rex International Holdings' unit withdrew from the block.

Govt Source: Beijing Firm Highest Bidder in Xinjiang Oil Tender
Tuesday, October 20, 2015 China's Beijing Energy Investment Holding Co Ltd., a local government-backed firm, submitted the highest bids for three oil and gas blocks in a rare tender issued by the Ministry of Land & Resources, a government source says.

AziLat Acquires OGX's Stakes in 2 Blocks Offshore Brazil
Monday, October 19, 2015 AziLat acquires OGX Petroleo e Gas' full interests in two blocks offshore Brazil.

Total Sells 15% Interest in Gina Krog Field
Monday, October 19, 2015 Total signs an agreement to sell a 15% interest in the Gina Krog field, located in Norway, to Tellus Petroleum for a total payment of NOK 1.4 billion ($172.19 million).

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