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News Topics: Property Acquisitions & Divestitures

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Norway Delays Arctic-Focused Oil Licensing Round Until 2015
Friday, December 19, 2014 Norway's government delays the launch of its Arctic-focused oil and gas licensing round until next year, the oil ministry says.

Independent Gets Cronx Extension
Thursday, December 18, 2014 Independent Oil & Gas reports that the UK government has extended the Cronx license by 12 months and that it expects to complete the acquisition of Cronx by June 30 next year.

Ivory Coast Signs Deals with ExxonMobil for Two Oil Blocks
Wednesday, December 17, 2014 Ivory Coast signs production sharing agreements with Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea.

Solo Oil Purchase of Tanzanian License Can Go Ahead
Wednesday, December 17, 2014 Tanzanian Ministry of Energy and Minerals confirms that Aminex can sell a 13-percent interest in the Kiliwani North Development Licence to Solo Oil.

Apache To Sell Stakes In 2 LNG Projects To Woodside For $2.75B
Monday, December 15, 2014 Apache says it would sell its stakes in two LNG projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia's Woodside for $2.75 billion.

Peru Opens Bidding On Seven Energy Blocks In Amazon
Monday, December 15, 2014 Peru opens international bidding on seven energy blocks in the Amazon that will require a total investment of $3.15 billion, the government says.

TAG Oil Adds 2 Exploration Permits to its Upstream Assets in New Zealand
Friday, December 12, 2014 TAG Oil adds two new exploration permits to its upstream assets in the onshore Taranaki Basin, New Zealand.

CNOOC, KUFPEC Ink PSCs for 3 Offshore Blocks in South China Sea
Thursday, December 11, 2014 CNOOC inks production sharing contracts for three offshore blocks in the South China Sea with Kuwait's KUFPEC.

Malaysia's Petronas Says Open to Selling Assets in Africa
Thursday, December 11, 2014 Petronas says it is ready to divest certain assets in Africa if growth prospects are limited.

Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014 Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.

First Mexican Shallow-Water Oil And Gas Contracts Seen By Mid-July
Wednesday, December 10, 2014 Mexico's initial shallow-water oil and gas contracts will offer companies a share of output with average production costs estimated at about $20 per barrel, the National Hydrocarbons Commission says.

Chevron, Statoil, ONGC Secure Exploration Permits in NZ's Block Offer 2014
Tuesday, December 09, 2014 New Zealand awards 15 exploration permits as part of Block Offer 2014 to nine companies, including Chevron, Statoil and ONGC Videsh.

Mosman Wins Three NZ Exploration Permits
Tuesday, December 09, 2014 Mosman Oil & Gas is awarded three additional permits in New Zealand's latest Block Offer.

Thailand's Mermaid Maritime Raising $500M for Offshore Marine M&A
Tuesday, December 09, 2014 Thai company Mermaid Maritime is building up its cash holdings ahead of moves for merger and acquisition in the offshore marine sector.

Ophir Energy Inks PSC for Block AD-03 in Myanmar's Rakhine Basin
Monday, December 08, 2014 Ophir Energy inks production sharing contract with the Myanmar Ministry of Energy for Block AD-03 in the Rakhine Basin offshore Myanmar.

Carnarvon Disposes off Remaining Oil Assets in Thailand for $58.2M
Thursday, December 04, 2014 Carnarvon Petroleum inks deal to dispose off its remaining oil production assets in Thailand to Berlanga Group for $58.2 million.

BASF CEO Sees Completing of Asset Swap with Gazprom by Year-End
Thursday, December 04, 2014 German chemicals and oil group BASF expects a major asset swap deal with Gazprom to take place by the end of 2014.

MEO Completes Negotiations for Onshore Exploration at Block 9 in Cuba
Thursday, December 04, 2014 MEO Australia completes negotiations for onshore exploration at Block 9 in Cuba.

Lamprell Disposes of Litwin to India's Nauvata Engineering for $3M
Wednesday, December 03, 2014 Lamprell disposes of its unit Litwin to India's Nauvata Engineering for $3 million.

Oil Basins Comments on Rey's Acquisition of 50% Stake in WA's Derby Block
Monday, December 01, 2014 Oil Basins comments on Rey Resources' recent acquisition of a 50 percent interest in Derby Block in Western Australia.

President Energy Revises Terms of Puesto Guardian Purchase
Monday, December 01, 2014 President Energy makes deal that relieves it of actual and contingent liabilities of $12.88 million relating to its purchase of the Argentina's Puesto Guardian concession.

Wintershall Pays $1.25B for Stakes in Norwegian Oil, Gas Fields
Monday, December 01, 2014 Wintershall buys stakes in several Norwegian oil and gas fields from Statoil for $1.25 billion.

Oil Basins Completes Acquisition of Permit Vic/P47 in Gippsland Basin
Friday, November 28, 2014 Oil Basins completes full acquisition of petroleum exploration permit Vic/P47 in the Gippsland Basin, offshore Australia.

Rey Resources to Acquire Backreef's 50% Interest in WA's Derby Block
Friday, November 28, 2014 Rey Resources to acquire Backreef Oil's 50 percent interest in the Derby Block in the Canning Basin of Western Australia.

Statoil Picked to Operate Johan Sverdrup Field
Friday, November 28, 2014 Statoil will operate the giant Johan Sverdrup oilfield in the Norwegian sector of the North Sea.

Oil India Boosts War Chest as Company Plans to Acquire More Upstream Assets
Thursday, November 27, 2014 Oil India plans to increase its budget by around 10% next year as the company embarks on an acquisition trail for upstream assets worldwide.

Australian Market Ripe for Consolidation
Wednesday, November 26, 2014 Merger and acquisition activity on the Australia market has lifted expectations of further consolidation from around the industry.

Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Wednesday, November 26, 2014 Sona Petroleum clings on to fading hopes of completing its $280 million acquisition of two oil and gas blocks in the Gulf of Thailand from Salamander Energy.

Woodside Gets License to Explore Morocco's Rabat Ultra Deep Offshore Area
Wednesday, November 26, 2014 Woodside receives exploration license for Rabat Ultra Deep Offshore area in Morocco.

Faroe Completes Sale of Glenlivet Stake
Tuesday, November 25, 2014 Faroe Petroleum sells its 10-percent stake in the West of Shetland Glenlivet field for $15.7 million.

Cue Energy Farms-in for 12.5% Stake in Mahato PSC in Sumatra
Friday, November 21, 2014 Cue Energy signs agreement with Bukit Energy to farm-in for a 12.5 percent stake in the onshore Mahato production sharing contract in central Sumatra, Indonesia.

Petronas Awards 2 Exploration Blocks in Sabah to SapuraKencana-Led JV
Friday, November 21, 2014 Petronas awards onshore Blocks SB331 and SB332 in Sabah, east Malaysia to the successful bidding consortium comprising SapuraKencana, M3nergy and Petronas Carigali.

SapuraKencana Acquires Petronas' Stakes in 3 Blocks off Vietnam for $400M
Friday, November 21, 2014 SapuraKencana Petroleum ventures into Vietnam with the acquisition of three offshore blocks from Petronas for $400 million.

Empire Exits Onshore Carnarvon Basin, Sell Remaining Acreage to Bounty
Thursday, November 20, 2014 Empire Oil & Gas inks agreement to sell its remaining acreage in Western Australia's onshore Carnarvon Basin to Bounty Oil & Gas.

Apache to Sell $1.4B in Non-Core US Assets
Thursday, November 20, 2014 Apache will sell non-core assets in southern Louisiana and the Anadarko Basin for $1.4 billion as part of its strategic focus on its growing liquids production.

NPD: Norway Hopes to Launch New Oil, Gas Licensing Round before Christmas
Wednesday, November 19, 2014 Norway hopes to launch its 23rd oil and gas licensing round before Christmas, according to the head of the Norwegian Petroleum Directorate.

Rampart Energy Secures Rights to Permit WA-507-P in Carnarvon Basin
Wednesday, November 19, 2014 Rampart Energy secures rights to new exploration permit WA-507-P in the Carnarvon Basin, off the Northwest Shelf of Australia.

Eni Expands its Presence in Turkmenistan
Tuesday, November 18, 2014 Italy's Eni signs a deal in Turkmenistan that will see it extend its production sharing agreement covering the Nebit Dag area of the country.

Hibiscus Completes Deals for Stakes in 3DO's Upstream Assets in Australia
Tuesday, November 18, 2014 Hibiscus Petroleum completes transactions to acquire stakes in 3D Oil's upstream assets in Australia.

OBL Gains Full Stakes in 2 Undeveloped Gas Fields in Gippsland Basin
Tuesday, November 18, 2014 Oil Basin Ltd. gains full stakes in two undeveloped offshore gas fields in permit Vic/P47 in Australia's Gippsland Basin.

Canada's Niko Resources Says Evaluating Plans For India Assets
Friday, November 14, 2014 Niko Resources said it was evaluating plans for its oil and gas assets in India, citing uncertainty related to the outlook for natural gas prices in the country.

Statoil to Withdraw from Permits EP127, EP128 in NT's Georgina Basin
Friday, November 14, 2014 Statoil decides to withdraw from permits EP127 and EP128 in the Georgina Basin, Northern Territory, Australia after disappointing drilling results.

Talisman to Acquire 51% Stake in East Jabung PSC in South Sumatra
Wednesday, November 12, 2014 Talisman agrees to acquire a 51 percent stake in East Jabung production sharing contract in South Sumatra, Indonesia from Pan Orient Energy.

Petrobras Says It Gets $2.2B From Sale Of Assets In Peru
Tuesday, November 11, 2014 Petrobras says it received $2.2 billion from the sale of its Peruvian oil and gas assets to PetroChina and its parent China National Petroleum Corp (CNPC).

Shell to Maintain Asset Sales Target despite Oil Price Decline
Tuesday, November 11, 2014 Shell to maintain its target to sell $15 billion of assets by 2015 in an effort to boost cash flow.

Egypt Awards BP Two New Exploration Blocks
Monday, November 10, 2014 BP wins two new exploration blocks as a result of Egypt's 2013 EGAS bid round.

Rosneft Sells Stake in Vankor Oilfield to CNPC
Monday, November 10, 2014 Rosneft signs an agreement with CNPC that will see the Chinese company purchase a 10-percent stake in ZAO Vankorneft, which operates the Vankor oilfield in Siberia.

Faroe, Enegi Pick up Licenses in 28th UK Round
Friday, November 07, 2014 Faroe Petroleum and Enegi Oil are awarded licenses in the UK's 28th Offshore Licensing Round.

JKX Awarded Extension to Zaplavskoye License
Thursday, November 06, 2014 JKX Oil & Gas is awarded a further five-year extension to its Zaplavskoye exploration license by Ukraine.

India's ONGC Videsh Eyes Stake in Tullow Oil's Africa Assets
Thursday, November 06, 2014 India's ONGC Videsh is looking to buy a stake in the assets of Africa-focused explorer Tullow Oil.

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