News Topics: Property Acquisitions & Divestitures

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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.

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.

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.

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.

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%.

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.

Uzma Unfazed by Concerns Over Berantai, Balai RSC Cessations in Malaysia
Monday, August 08, 2016 Malaysia's Uzma does not see any impact arising from the recent cessations of Risk Service Contracts (RSC) in the country on the RSC for the Tanjung Baram oil field offshore Sarawak.

Indonesia's Pertamina Eyes 2 Iran Oilfields For Possible Investment
Monday, August 08, 2016 Indonesia's state-owned Pertamina signs a memorandum of understanding to conduct preliminary studies on two Iranian oilfields, a step closer to the company's first investment in the Middle Eastern country's upstream sector.

Acquisition Expands SM Energy's Permian Basin Footprint
Monday, August 08, 2016 SM Energy will expand its Midland Basin footprint with the acquisition of Permian Basin assets for $980 million.

Petro Matad, Shell Agree Block IV, V Exit Deal
Friday, August 05, 2016 Petro Matad's affiliate reaches an agreement with Shell's affiliate company in relation to an exit from the Mongolian Block IV and V Production Sharing Contracts.

S.Korea's KNOC In Talks With Kazakhstan To Drop Oil Field Project
Friday, August 05, 2016 State-owned Korea National Oil Corp. (KNOC) is in talks with the Kazakhstan government to pull out of an oil field project due to disappointing exploration results, a KNOC spokesman says.

UIL to Complete Acquisition of Eneabba's Perth Basin Permit Interests Soon
Friday, August 05, 2016 UIL Energy expects to complete the acquisition of Eneabba Gas's Perth Basin permit interests in Western Australia soon.

WSJ: Chevron To Sell Assets In Asia Worth Up To $5B
Thursday, August 04, 2016 Chevron is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported.

Beach Sells Upstream Stakes in Queensland's Cooper Basin to Bridgeport
Wednesday, August 03, 2016 Beach Energy agrees to sell its permit interests in the greater Kenmore-Bodalla area in Queensland's Cooper Basin, Australia to Bridgeport.

Cobalt International Says Angola Stake Sale Off Track
Tuesday, August 02, 2016 Cobalt International said it was unlikely to close a $1.75B sale of its 40% stake in two offshore oil blocks in Angola to the state oil company.

Ithaca Energy Expands GSA Interest with New Acquisitions
Tuesday, August 02, 2016 Ithaca Energy Inc. is expanding its interests in the Greater Stella Area, located within the UK Continental Shelf, with the acquisition of new assets in the region for a total cost of under $6 million.

VAALCO Agrees to Acquire Sojitz's Stake in Etame Marin Permit Off Gabon
Tuesday, August 02, 2016 VAALCO agrees to acquire Sojitz's 3.23 percent participating interest in the Etame Marin Permit offshore Gabon.

Statoil to Sell Non-Operated US Onshore Interest
Monday, August 01, 2016 Statoil will divest some of its non-operated onshore interests in the US state of West Virginia to Antero Resources Corporation for approximately $96 million in cash.

Uganda Picks Nigerian, Australian Firms For Oil Licensing Round
Monday, August 01, 2016 Uganda has picked three Nigerian companies and one from Australia for its oil exploration licensing round, inviting them to negotiate for production sharing agreements.

Key Petroleum to Take 40% Stake in Permit WA-481-P in North Perth Basin
Friday, July 29, 2016 Key Petroleum exercises option to acquire a 40 percent stake in exploration permit WA-481-P, located offshore North Perth Basin, Western Australia.

Cooper Energy Reports Delay in Completing Sale of Tangai-Sukananti KSO
Thursday, July 28, 2016 Australia's Cooper Energy says the planned completion of its sale of a 55 percent stake in Tangai-Sukananti KSO in Indonesia's South Sumatra Basin has been delayed as regulatory approval has not been secured.

Mexico's Pemex must take Minimum 45 pct Stake in Deep Water Venture
Wednesday, July 27, 2016 Mexico's oil regulator said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever proposed joint venture with would-be private partners to develop oil reserves in the Gulf of Mexico's deep waters.

Pilot Energy Inks Deal to Acquire Murphy's Stake in Permit WA-481-P Off WA
Wednesday, July 27, 2016 Pilot Energy inks agreement to acquire Murphy Australia's 100 percent interest in exploration permit WA-481-P located offshore North Perth Basin, Western Australia.

UIL, Eneabba Extend Deadline to Complete Acquisition of Perth Basin Permits
Tuesday, July 26, 2016 UIL Energy says the completion date of its acquisition of exploration interests in the Perth Basin, Australia from Eneabba Gas has been extended.

PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
Friday, July 22, 2016 PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.

Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion
Thursday, July 21, 2016 Exxon Mobil agrees to buy natural gas explorer InterOil for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer's existing gas-export plant.

Indonesia Invites Bids for 14 Conventional Oil & Gas Blocks
Thursday, July 21, 2016 Indonesia's Ministry of Energy and Mineral Resources issues invitation for energy companies to bid for 14 conventional oil and gas blocks.

US Silica Acquires East Texas Mine Unit for $210M
Tuesday, July 19, 2016 US Silica expands its frac sand capacity and product offering with its acquisition of NBR Sand for $220 million.

Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy firms eligible to take part in tenders to develop its oil and gas fields within the next two weeks, according to an oil official.

EnQuest in Talks to Sell 20% Stake in Kraken Oilfield to Israel's Delek
Monday, July 18, 2016 EnQuest is in talks to sell a 20-percent stake in the North Sea's Kraken oilfield to Israeli conglomerate Delek Group, according to the companies.

Queensland Court Judges in Favor of Armour in Farm-out Deal with AEGP
Friday, July 15, 2016 The Supreme Court of Queensland delivers judgement in favor of Armour Energy over the farm-out agreement for the Northern Territory tenements in Australia to AEGP.

Oil Firm Det Norske Looking for More Deals in 'Very Interesting' Market
Thursday, July 14, 2016 Norway's Det norske sees scope for further transactions after its planned merger with BP's Norwegian business.

Woodside Taps into Big Oil Find off Senegal for Growth
Thursday, July 14, 2016 Australia's Woodside Petroleum expands its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.

Woodside to Buy ConocoPhillips' Senegal Holdings for $350M
Wednesday, July 13, 2016 Woodside Petroleum agrees to buy ConocoPhillips' deepwater stakes off Senegal, including one of the world's most promising recent oil finds, for $350 million.

Hercules Offshore Sells Jackup at 94% Loss
Tuesday, July 12, 2016 Hercules sells jackup Hercules 267 as it continues to liquidate its assets after filing for bankruptcy a second time.

Shell CEO Says Interested In Yuzhno-Kirinskoye Field
Monday, July 11, 2016 Royal Dutch Shell is interested to take part in developing Russia's Yuzhno-Kirinskoye field, Chief Executive Ben van Beurden told Russia's Vedomosti daily newspaper in an interview.

Blackhawk Acquires Surge Reduction Line From Allamon
Friday, July 08, 2016 Blackhawk acquires the surge reduction business line of Allamon Tool Company.

Faroe Petroleum Secures LO 16/23
Thursday, July 07, 2016 Faroe Petroleum confirms it has been awarded Licensing Option 16/23 under Ireland's 2015 Atlantic Margin Licensing Round.

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