News Topics: Property Acquisitions & Divestitures

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Papua New Guinea Government To Sell Stake In Oil Search
Thursday, September 21, 2017 The cash-strapped government of Papua New Guinea (PNG), looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search.

Petrobras CEO Says Transfer Of Rights Talks Still Ongoing
Wednesday, September 20, 2017 It is unclear when talks will conclude with the government on a revaluation of stakes in offshore oil blocks known as 'Transfer of Rights' areas, a Petrobras executive says.

Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Tuesday, September 19, 2017 Lebanon's parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights.

Premier Oil Seeks Buyer For Stake In North Sea Gas Field
Thursday, September 14, 2017 Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters.

Fifteen Oil Majors Interested In Brazil's Round 3 Pre-Salt Auction
Monday, September 11, 2017 Fifteen companies have pre-registered for Brazil's third auction of oil exploration rights in the pre-salt area.

Big Oil Says It Still Loves North Sea Despite Asset Sales
Wednesday, September 06, 2017 Europe's biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn't mean we're heading for the exit.

Norway Receives More Bidders For Mature Areas Oil Licensing Round
Wednesday, September 06, 2017 Norway's licensing round to explore for oil and gas in mature offshore areas attracted bids from 39 companies.

Association: Indonesia's Changes To Oil, Gas Deals 'Positive' For Investors
Tuesday, September 05, 2017 Indonesia's revisions to new oil and gas production-sharing contracts are positive for investors, the leading energy industry association says.

Canadian Natural Buys Cenovus' Pelican Lake for $787 Million
Tuesday, September 05, 2017 Canadian Natural Resources agreed to buy Cenovus' Pelican Lake heavy-oil project and other assets in northern Alberta.

Petrobras Sends Information On Northeast Brazil Fields To Potential Bidders
Monday, August 28, 2017 Petrobras has provided additional information on several fields in northeast Brazil to potential bidders, according to a Monday securities filing.

Total Overtakes Shell In North Sea Where Appetite For Assets Remains High
Tuesday, August 22, 2017 Total has overtaken rival Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets.

BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.

Maersk Stands to Get Another $7.5 Billion for Energy Divestments
Monday, August 21, 2017 Now that its oil and gas unit has been sold, Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division.

Local Media: Local Firm Wins Shale Gas Block Auction In China's Guizhou
Friday, August 18, 2017 A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province.

Shell Divests Stake in Saudi JV
Wednesday, August 16, 2017 Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.

Oil Producers Signal Offshore Return In Latest Gulf Of Mexico Auction
Wednesday, August 16, 2017 Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million, a nearly seven-fold increase from a year ago.

Husky Energy to Buy $435 Mln Wisconsin Refinery
Monday, August 14, 2017 Husky said the deal will boost its refining capacity to 395,000 barrels per day.

Greece Launches New Offshore Oil And Gas Tenders
Monday, August 07, 2017 Greece launches two tenders for offshore oil and gas exploration and exploitation in the west and south of the country, the energy ministry says.

UAE's ADNOC To Split Huge Oil Concession, In Talks With Potential Partners
Monday, August 07, 2017 Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c

Malaysia's Petronas Says Awarded Shallow-Water Oil And Gas Block In Mexico
Wednesday, August 02, 2017 Petronas says it has been awarded a shallow-water oil and gas exploration block that it will jointly operate with Ecopetrol in the Mexican portion of the Gulf of Mexico.

Energy Transfer To Sell 32% In Rover Pipeline Entity To Blackstone
Monday, July 31, 2017 Energy Transfer Partners says that it would sell a 32.44% stake in the firm constructing the Rover pipeline project to Blackstone.

Japan's JX To Sell North Sea Oil Field Stake To Faroe Petroleum
Friday, July 28, 2017 JX Nippon Oil and Gas Exploration Corp says that its UK-based subsidiary has agreed to sell a stake in a North Sea oil field to Faroe.

Nikkei: ADNOC To Decide On Japan Oil Concession Renewal By Early Next Year
Friday, July 28, 2017 ADNOC expects to make a final decision on whether to renew Japanese firms' oil concessions in Abu Dhabi oilfields before year-end or very early next year.


 
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