News Topics: Property Acquisitions & Divestitures
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Ithaca Farms Out North Sea Interests
Monday, June 17, 2013 Ithaca Energy farms out interests in Handcross prospect to Edison International, while also arranging a farm-out deal with Shell.
CNOOC, Shell Awarded New Offshore Oil, Gas Permits in Australia
Monday, June 17, 2013 CNOOC and Shell among firms awarded permits in latest Australian licensing round.
Chevron Completes Deal to Acquire Iraq's Kurdistan Oil Block
Monday, June 17, 2013 Chevron completes a transaction to acquire another oil exploration deal in Iraq's semiautonomous Kurdistan region, the US company said in a statement.
Natural Resources Purchases Assets in Bakken/Three Forks Play
Monday, June 17, 2013 Natural Resources Partners purchase assets in the Williston Basin, located in North Dakota and Montana.
New World Gets Extension to Danish Licenses
Monday, June 17, 2013 New World Oil and Gas secures a six-month extension to deadlines for its work program on the Danica Jutland project in Denmark.
Cuadrilla Received Interest from Several Majors about Shale Asset
Friday, June 14, 2013 Cuadrilla resources received interest from Total, Exxon, Shell and Statoil about its shale asset.
Rosneft, Lukoil Awarded Barents Licenses
Friday, June 14, 2013 Rosneft and Lukoil awarded shares in three exploration licenses in the Norwegian Barents Sea.
India Plans to Bid for 8 Oil, Gas Blocks in Myanmar
Friday, June 14, 2013 Three state-run Indian firms will bid for eight oil and gas blocks in Myanmar, according to an Indian oil minister.
Centrica Confirms Bowland Shale Deal
Thursday, June 13, 2013 Centrica buys 25-percent stake in Cuadrilla Resources’ Bowland shale gas license in Lancashire, northern England.
Inpex Awarded Exploration Permit WA-494-P in Australia
Wednesday, June 12, 2013 Inpex has been awarded exploration permit WA-494-P in Browse Basin, Western Australia by the government.
Eni, Statoil Win New Barents Sea Licenses
Wednesday, June 12, 2013 Eni and Statoil awarded interests in several licenses to explore for oil and gas in the Barents Sea as part of Norway's 22nd licensing round.
Continental Acquires Majority Stake in Visionaire Energy
Wednesday, June 12, 2013 Continental acquires a shareholding stake in Visionaire Energy AS.
RWE Dea Farms into Block off Suriname
Wednesday, June 12, 2013 RWE Dea joins forces with Petronas by grabbing a 40 percent stake in a license off the coast of Suriname.
Chevron Divests Interest in Two Niger Delta Licenses
Tuesday, June 11, 2013 Chevron announces plans to auction interest in oil mining leases offshore Nigeria.
ANP: Brazil to Hold First Pre-Salt Oil Auction Oct. 22
Tuesday, June 11, 2013 Brazil will hold its first auction of pre-salt oil and natural gas exploration acreage Oct. 22, a director of the country's National Petroleum Agency says.
Lukoil Farms into Ivory Coast Block
Tuesday, June 11, 2013 Russia's Lukoil farms into Block CI-504 offshore Cote d'Ivoire.
Statoil Acquires Stakes in Exploration Permits in Australia
Tuesday, June 11, 2013 Statoil will acquire an interest in four exploration permits and two exploration permit applications in Australia's Northern Territory.
Western Australia Invites Bids for Oil Licenses
Tuesday, June 11, 2013 Western Australia invites bids for six petroleum exploration leases, including onshore blocks.
Omega Energy Abandons Calacho-1, Racamao-1 Exploration Wells
Monday, June 10, 2013 Brownstone Energy Inc. will terminate its remaining interest in the Llanos 21 block in the Llanos basin in Colombia.
Atlas Resource Agrees to Buy $733MM in Natural Gas Reserves
Monday, June 10, 2013 Atlas Resource Partners agrees to buy 466 billion cubic feet of natural gas proved reserves.
ONGC, Oil India to Buy Stake in Mozambique Gas Field
Monday, June 10, 2013 ONGC and Oil India agree to buy a 10% stake in a Mozambique oil and gas field from a unit of Videocon Industries for $2.47 billion.
Cubic Energy Extends Closing of Previous Purchase of Texas Assets
Thursday, June 06, 2013 Cubic Energy announces that the closing of the previously announced purchase of Gastar's East Texas properties has been extended.
Addax: No Word from Gabon on License Renewal
Thursday, June 06, 2013 Addax Petroleum says it has not received official notification from the government of Gabon of its intentioned not to renew one of its oil field licenses.
Epsilon Energy Takes Reins at Saskatchewan JV
Thursday, June 06, 2013 Epsilon Energy acquires its operating partner's 50-percent joint venture interest in Saskatchewan.
MOG Completes Sale of Onshore Italy Gas Assets
Wednesday, June 05, 2013 Mediterranean Oil and Gas completes the sale of its interests in 13 non-core exploration and production gas assets.
Brazil Bill Could Reduce Petrobras Stake in Pre-Salt Oil Fields
Wednesday, June 05, 2013 Brazil's Congress is considering a bill that would reduce the burden placed on Petrobras to develop pre-salt oil fields, potentially opening up the promising offshore region to greater private-sector investment.
Terra Energy to Sell Montney Assets
Tuesday, June 04, 2013 Crew Energy exercises the option to purchase the balance of Terra's Montney assets in northeast British Columbia.
DNO Farms into Tunisian Offshore Concessions
Tuesday, June 04, 2013 DNO International agrees a farm-in deal for the Sfax Offshore Exploration Permit and Ras El Besh Concession in Tunisia.
Petrovietnam Signs Myanmar Farm-out Agreement
Tuesday, June 04, 2013 Petrovietnam Exploration Production Corporation signs agreement to transfer part of its interest in the M2 Mottan Block, offshore Myanmar, to Maurel & Prom.
TAQA Completes Acquisition of North Sea Assets
Monday, June 03, 2013 Abu Dhabi National Oil Company completes the acquisition of the Harding field and other North Sea assets from BP.
Andes Energia to Explore Onshore Brazil
Monday, June 03, 2013 Andes Energia signs a joint venture deal with Imetame Energia to explore Imetame's onshore assets in Brazil.
MOG Joins Exploration of Malta Area 3
Monday, June 03, 2013 Mediterranean Oil & Gas says it is joining Cairn Energy in the exploration of Malta’s offshore Area 3.
Nostra Terra Increases Stake in High Plains Prospect
Friday, May 31, 2013 Nostra Terra exercises an opportunity to increase its Working Interest to 20% in the High Plains Prospect, located in Texas.
Peru Government Launches Auction for Offshore Oil Concessions
Friday, May 31, 2013 Peru's government launches a public auction for offshore oil concessions, attracting the interest of international oil firms like ExxonMobil and Chevron, the agency responsible for the auction says.
Northern Petroleum Enters Shale Prospective Play in Australia
Wednesday, May 29, 2013 Northern Petroleum enters and secures a position in an Australian oil shale play.
NorthWestern Energy to Buy Natural Gas Assets in Montana
Wednesday, May 29, 2013 NorthWestern Energy agrees to purchase operating and non-operating natural gas production interests in northern Montana's Bear Paw Basin from Devon Energy Production Company.
GDF Suez Acquires 9% of Nabucco Pipeline
Tuesday, May 28, 2013 OMV reports that it has agreed to sell a nine percent stake in the Nabucco pipeline project to GDF Suez.
Rango to Add Acreage in California
Tuesday, May 28, 2013 Rango announces it will acquire working interests in exploration/development projects in Central California covering over 12,000 acres of reserve potential.
Shell Backs Off from East African Gas Deal
Tuesday, May 28, 2013 Royal Dutch Shell renews exploration focus on West Africa after the failure of a second attempt to gain a foothold in new gas discoveries off East Africa.
India Government Approves ONGC Bid to Buy Stake in Kazakh Oil Field
Monday, May 27, 2013 India's government has allowed state-run ONGC Videsh to buy a minority stake from ConocoPhillips in an oil field in Kazakhstan for $5.5B, a senior ONGC executive says.
Exxon, InterOil Discuss PNG Assets
Friday, May 24, 2013 Exxon Mobil is considering investing in InterOil Corporation's natural gas assets in Papua New Guinea.
Statoil Completes Tanzania Farm-In
Friday, May 24, 2013 Statoil farms into Block 6, offshore Tanzania, for a 12-percent stake.
Marathon Oil: Talks to Sell Alberta Oil Sands Stake Fall Through
Thursday, May 23, 2013 Marathon Oil says discussions to sell its 20% outside-operated stake in the Athabasca Oil Sands Project in Alberta were unsuccessful and talks with a prospective buyer have been terminated.
Occidental CEO Discussed Potential Sale of Overseas Assets, Spinoff
Thursday, May 23, 2013 Occidental may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its share price, Chief Executive Steve Chazen tells investors.
Osaka Gas Buys PNG Gas Fields
Thursday, May 23, 2013 Osaka Gas buys stakes in natural gas assets in Papua New Guinea from Horizon Oil.
Virginia Senators Seek to Expand Offshore Energy Leasing
Thursday, May 23, 2013 Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.
Laredo, EnerVest Agree to Anadarko Basin Transaction
Wednesday, May 22, 2013 Laredo sells assets to raise capital for drilling activities in the Permian basin.
Qatar Petroleum Takes 15% Stake in Total E&P Congo
Wednesday, May 22, 2013 Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.
Tangiers Executes Farm-Out Agreement
Wednesday, May 22, 2013 Tangiers Petroleum executes a farm-out agreement for two Australian exploration permits located in the Bonaparte Basin.
Europa Gives Up Romanian and African Licenses
Tuesday, May 21, 2013 Europa says it is relinquishing licenses in Romanian and the Saharawi Arab Democratic Rebublic to focus on projects in Western Europe.
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