News Topics: Property Acquisitions & Divestitures

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Providence Offered LO 16/27 Offshore Ireland
Thursday, June 23, 2016 Providence Resources plc is offered Licensing Option 16/27 in the Porcupine Basin, offshore Ireland, as part of the second phase of the Atlantic Margin Licensing Round.

Colombia's Ecopetrol Offers 20 Blocks In Auction Launch
Thursday, June 23, 2016 Colombia's state oil company Ecopetrol offers 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices.

Malaysia's Reach Energy Closer to Completing Deal for Kazakhstan's Block
Tuesday, June 21, 2016 Malaysia's Reach Energy edges closer to completing a $154.9 million deal to acquire Palaeontol B.V., which owns an onshore oil and gas block in southwest Kazakhstan.

IOG Completes Blythe Acquisition
Tuesday, June 21, 2016 Independent Oil and Gas plc completes the acquisition of the other 50% of the license covering Blocks 48/22b and 48/23a in the Southern North Sea, containing the Blythe gas discovery.

Encana Sells Gordondale Oil And Gas Assets To Birchcliff For C$625M
Tuesday, June 21, 2016 Encana Corp reaches an agreement to sell its Gordondale oil and gas assets in northwestern Alberta to Birchcliff Energy Ltd for C$625 million ($487.98 million).

Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase
Tuesday, June 21, 2016 Tokyo Gas buys a 25-percent stake in an Eagle Ford shale gas formation.

Triangle Energy Buys Cliff Head Oil Field Offshore Perth Basin for $2.4M
Tuesday, June 21, 2016 Triangle Energy acquires 57.5 percent stake in Cliff Head Oil field located offshore West Australia for $2.4 million.

Sound Acquires 55% Interest in Meridja Permit, Onshore Morocco
Monday, June 20, 2016 Sound Energy has exercised its option to acquire a 55 percent participating interest in the Meridja exploration permit, onshore Morocco, from Oil & Gas Investment Fund S.A.S.

SDX Energy Quits Cameroon Concession In 'Sensible' Move
Thursday, June 16, 2016 SDX Energy announces its withdrawal from the Bakassi West concession in Cameroon, following the completion of drilling activities on the Manatee-1X well.

Chariot Oil & Gas Exits Mauritania License
Thursday, June 16, 2016 Chariot Oil & Gas Limited elects not to enter into the First Renewal Phase of the C-19 license in Mauritania.

AWE Scraps Plans to Sell Cliff Head Oil Field in WA's Perth Basin to Elixir
Thursday, June 16, 2016 AWE scraps plans to sell stake in Cliff Head oil field in Western Australia to Elixir Petroleum after reaching deal with a third party.

Sources: U.S. KKR, Mexico's Pemex Agree to $1.2B Sale, Leaseback
Thursday, June 16, 2016 U.S. private equity fund KKR and Mexico's Pemex are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.

Exxon, BHP Examining Sale of Joint Australia Oil and Gas Assets
Wednesday, June 15, 2016 Exxon Mobil Corp. and BHP Billiton Ltd. are studying plans to sell depleting energy assets in Australia, including the largest oil field ever discovered in the nation.

Devon Sells Texas Land to Pioneer, Undisclosed Buyer for $858M
Wednesday, June 15, 2016 U.S. shale oil producer Devon Energy Corp said it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil prices.

Australia's Bounty Closes Deal with Bridgeport for Surat Basin Assets
Monday, June 13, 2016 Australia's Bounty Oil & Gas closes agreement with Bridgeport to acquire additional stakes in Petroleum Lease 2 in the southern Surat Basin, Queensland and exits PL 214 Utopia Joint Venture.

Europa Completes FEL 2/13, 3/13 Acquisition
Monday, June 13, 2016 Europa Oil & Gas plc now has a 100% interest in, and operatorship of, FEL 2/13 and 3/13 after the Irish Minister of Energy grants consent for the transfer of ownership from Kosmos Energy Ireland.

India's Videocon Considers Divesting Upstream Assets to Repay Debts
Monday, June 13, 2016 India's Videocon Industries explores option of divesting its upstream assets to repay debts amid recent gains in global oil prices.

Union Jack Oil to Acquire PEDL182 Interest in Broughton North Prospect
Monday, June 13, 2016 Union Jack Oil plc reaches an agreement with Egdon Resources plc to acquire an 8.33% interest in PEDL182, located in Lincolnshire, UK, which contains the Broughton North Prospect.

Mexico Plans Next Bidding Round For Energy Opening By End-July
Thursday, June 09, 2016 The next bidding round in the opening of Mexico's oil and gas sector will be called by the end of July and consist of 15 shallow water blocks for exploration and extraction in the Gulf of Mexico, Energy Minister Pedro Joaquin Coldwell says.

Europa Formally Accepts 4 New Licenses in Atlantic Margin Round
Wednesday, June 08, 2016 Europa Oil & Gas (Holdings) plc confirms that it has formally accepted the award of 4 new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.

World's Top Three Shipyards Seek To Raise $7.3B In Revamp
Wednesday, June 08, 2016 The world's three biggest shipyards plan to raise a combined $7.3 billion selling assets and cutting jobs as they seek to pare debt as part of a restructuring following losses last year.

ACL, Lamara Acquire Tangai-Sukananti KSO in South Sumatra Basin for $4.3M
Tuesday, June 07, 2016 Cooper Energy signs agreement to sell 55 percent interest in the producing Tangai-Sukananti KSO in South Sumatra Basin, Indonesia to ACL International and Lamara Energy for $4.3 million.

Atlantic Petroleum to Sell Orlando Stake
Monday, June 06, 2016 Atlantic Petroleum enters into a sale and purchase agreement with Bridge Petroleum for its 25% interest in the offshore UK Orlando development.

Devon Energy To Divest Nearly $1B Assets
Monday, June 06, 2016 Devon Energy Corp says it will sell nearly $1 billion of producing assets in Texas and certain royalty interest as part of its divestiture program to improve its finances.

Russian Oil Firm Russneft Plans Moscow Share Sale
Monday, June 06, 2016 Russneft, majority owned by businessman Mikhail Gutseriyev, plans to sell new shares on the Moscow stock exchange in the fourth quarter.

TAG Oil Gets Approval to Take 70% Operating Stake in NZ's PEP51153
Monday, June 06, 2016 TAG Oil gets approval to assume a 70 percent operating stake in petroleum exploration permit (PEP) 51153 in New Zealand's Taranaki Basin.

Engie Brazil Unit Seeks to Sell Bahia, Maranhao Natgas Blocks
Monday, June 06, 2016 The Brazilian unit of France's Engie SA seeks to sell its natural gas blocks in Brazil's Bahia and Maranhao states as part of a global strategy to focus on renewable energy.

Statoil Secures Additional Stake in Utgard Field UK License
Friday, June 03, 2016 Statoil agrees to acquire JX Nippon's 45% equity share in, and operatorship of, the UK license for the Utgard field.

Santos, Quadrant Terminate Sale of Stag Oilfield Off WA to Malaysia's Sona
Friday, June 03, 2016 Santos and Quadrant Energy terminate the sale of Western Australia's offshore Stag Oilfield to Malaysia's Sona Petroleum.

Ireland Awards 14 New Licensing Options
Friday, June 03, 2016 Ireland's department of natural resources announces the offer of 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.

Cooper Completes Sale of 2 South Sumatran PSCs to Mandala Energy
Thursday, June 02, 2016 Cooper Energy completes the sale of two South Sumatran Basin exploration blocks in Indonesia to Mandala Energy.

Thai PTTEP To Bid For Bongkot Natural Gas Field Concession
Wednesday, June 01, 2016 PTT Exploration and Production pcl says it will bid to operate the Bongkot natural gas field as the Thai government plans to put expiring petroleum contracts up for auction in the next 12 months.

GSS Secures Rights to Old Wells in Tembrul Area in Central Java
Wednesday, June 01, 2016 GSS secures rights to all old oil wells in the Trembul area in central Java, Indonesia.

Lundin Receives Edvard Grieg Acquisition Approval from Energy Ministry
Wednesday, June 01, 2016 The Norwegian Ministry of Petroleum and Energy grants Lundin Norway approval to acquire an additional 15% interest in the Edvard Grieg field, and interests in associated pipeline assets, from Statoil.

Carnarvon Acquires 100% Stake in Permit WA-523-P Off Western Australia
Monday, May 30, 2016 Carnarvon Petroleum acquires 100 percent stake in exploration permit WA-523-P, located in Australia's North West Shelf.

Indonesia Offers 15 Oil and Gas Blocks in First Tender for 2016
Monday, May 30, 2016 Indonesia offers 15 oil and gas blocks, including 1 unconventional block, for bidding in the first tender for 2016.

Thailand To Auction Petroleum Concessions Held By Chevron, PTTEP
Monday, May 30, 2016 Thailand's military government plans to put petroleum concessions held by Chevron and PTT Exploration and Production up for auction, energy minister Anantaporn Kanjanarat says.

Indonesia Awards North Kalimantan's Offshore East Ambalat PSC to Pertamina
Friday, May 27, 2016 Indonesia awards the production sharing contract for North Kalimantan's offshore East Ambalat block that was relinquished earlier by Chevron to state-owned PT Pertamina.

India Launches Auction for 67 Small Oil, Gas Fields Under a New Bid Scheme
Thursday, May 26, 2016 India launches a new bid round to invite investors to participate in the exploration and production at 67 small oil and gas fields in the country.

PETRONAS Denies Plans to Sell Upstream Assets to Russian Party
Wednesday, May 25, 2016 PETRONAS denies plans to sell upstream oil and gas assets to Russian party.

Thai PTTEP Says Keen To Buy Stake In Myanmar Gas Field From Chevron
Tuesday, May 24, 2016 PTT Exploration and Production Pcl (PTTEP), Thailand's largest oil and gas explorer, says it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp.

Europa Oil & Gas Signs PEDL143 Farm-Out Deal with UJO
Monday, May 23, 2016 Europa Oil & Gas (Holdings) plc signs a farm-out agreement in relation to a 7.5% working interest in the PEDL143 license, located in the Weald Basin, with Union Jack Oil and Gas plc (UJO).

Magellan Sells Australia's Mereenie Field Bonus Rights to Macquarie Bank
Friday, May 20, 2016 Magellan Petroleum Corp. sells bonus rights for the Mereenie oil and gas field in Australia's Amadeus Basin to Macquarie Bank for $2.5 million.

Norway Awards 10 New Licences To 13 Firms In Oil Licensing Round
Wednesday, May 18, 2016 Norway awards 10 new licenses to 13 companies in its 23rd oil licensing round for new exploration areas.

Australia's Bounty Raises Oil Stakes in Surat Basin, Exits PL214 JV
Wednesday, May 18, 2016 Bounty Oil & Gas signs deals to increase oil stakes in Australia's Surat Basin, while exiting the PL214 Joint Venture in Queensland.

Russia's Putin Order Opens Way For Entire State Stake Sale In Bashneft
Tuesday, May 17, 2016 Russian President Vladimir Putin excludes mid-sized oil producer Bashneft from the list of strategically important companies, opening the way for the entire state's stake sale.

BP Doubles Culzean Field Stake
Monday, May 16, 2016 BP plc doubles its interest in the Culzean development in the UK Central North Sea to 32%, following its acquisition of an additional 16% interest from JX Nippon.

Petroceltic Says Worldview To Take Control Of Group
Thursday, May 12, 2016 Petroceltic International Plc says a court examiner has selected its largest shareholder, Worldview Capital Management, to take control of the group.

Kunlun Energy Seeks To Sell Upstream Assets And Buy Tangshan LNG
Thursday, May 12, 2016 Kunlun Energy, a unit of China National Petroleum Corp., plans to sell upstream assets and may buy an LNG terminal from its parent as the company shifts focus to gas distribution, Chairman Huang Weihe says.

Russian Tycoon Timchenko Transfers Novatek Stake To Volga Group
Thursday, May 12, 2016 Gennady Timchenko transfers 13.2% of his direct equity stake in Novatek to Volga Group.

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