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News Topics: Property Acquisitions & Divestitures

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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.

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.

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.

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.

Pan Orient Energy to Sell 50% Stake in Block L53/48 to Sea Oil for $42.5M
Thursday, November 06, 2014 Pan Orient Energy agrees to sell a 50 percent equity stake in the L53/48 concession in Thailand to Sea Oil for $42.5 million.

3Legs Sells its Last Polish Shale Gas Concessions
Wednesday, November 05, 2014 3Legs Resources sells its last shale gas concessions in Poland to Sweden's Stena Group.

AWE Completes Partial Sale of Stakes in 2 Bass Basin Permits to HPCL
Wednesday, November 05, 2014 AWE completes partial sale of its stakes in Australia's Bass Basin permits T/L1 and T/18P to a subsidiary of India's Hindustan Petroleum.

Peru to Open Bidding on 7 or 8 Energy Blocks in Mid-December
Wednesday, November 05, 2014 Peru's government says that it plans to open bidding on seven or eight energy blocks in mid-December, when it will also announce winners of two additional oil contracts that have already gone out for bid.

Brightoil to Bid for All Newfield's Shares in Bohai Bay, Pearl River Blocks
Tuesday, November 04, 2014 Brightoil reveals plan to bid for all of Newfield's interests in Bohai Bay Block 05/36 and Pearl River Block 16/05 offshore China.

Minister: Croatia Gets Six Bids For Adriatic Oil And Gas Exploration
Monday, November 03, 2014 Croatia receives six bids in an international tender for oil and gas exploration areas in the Adriatic Sea, Economy Minister Ivan Vrdoljak says.

Global Petroleum Sees Progress with Licenses
Friday, October 31, 2014 Global Petroleum presses on with license renewals and applications offshore Italy, East Africa and West Africa.

Exoma Energy Withdraws from Galilee JV Exploration Permits in Queensland
Friday, October 31, 2014 Exoma Energy withdraws from the Galilee Joint Venture exploration permits in Queensland, Australia.

UK Juniors Apply for Isle of Wight License
Wednesday, October 29, 2014 A group of UK-focused junior oil firms submit an application for a license covering an onshore area of the Isle of Wight in the 14th Landward Licence Round.

Official: Algeria To Hold Oil And Gas Auction Within Weeks
Wednesday, October 29, 2014 Algeria is preparing a new auction of oil and gas blocks, an official says, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.

Eni Opts Out of Heron Area in Timor Sea, Keeps 50% Stake in Blackwood Area
Wednesday, October 29, 2014 Eni withdraws from the Heron Area of permit NT/P68 in the Timor Sea, but retains a 50 percent stake in the Blackwood Area.

Sona Secures $140M Loan for Acquisition of 2 Blocks in Gulf of Thailand
Wednesday, October 29, 2014 Sona Petroleum secures a $140 million loan facility to part finance its acquisition of two blocks in the Gulf of Thailand from Salamander Energy.

Empire O&G Bags 2 Onshore Exploration Blocks in Western Australia
Tuesday, October 28, 2014 Empire Oil & Gas bags two exploration blocks in Western Australia from the state's Department of Minerals and Petroleum.

BHP Billiton Eyes Sale Of US Shale Gas Assets In Profit Drive
Monday, October 27, 2014 BHP Billiton is planning to sell its Fayetteville shale gas assets in the US, in the latest effort to trim its portfolio in the region and focus on more profitable petroleum liquids.

India's ONGC on the Hunt for Overseas Producing Assets
Monday, October 27, 2014 India's Oil and Natural Gas Corporation wants to take advantage of falling oil prices to more than double its overseas output to 400,000 barrels per day by 2018.

Ophir Agrees to Acquire 7 Deepwater Blocks in Indonesia from Niko for $31M
Monday, October 27, 2014 Ophir Energy pens deal to acquire seven deepwater blocks in Indonesia from Niko Resources for $31 million.

Impact Scores a New License off West Africa
Friday, October 24, 2014 Impact Oil and Gas wins a new exploration license covering the AGC Profond block offshore Senegal and Guinea Bissau.

Ophir Energy Expands Offshore Gabon Footprint
Friday, October 24, 2014 Ophir Energy acquires two more blocks for exploration and production offshore Gabon.

Statoil Takes Reins at Offshore AU Permit
Friday, October 24, 2014 Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia.

Mozambique Offers More Gas And Oil Blocks Week After Election
Thursday, October 23, 2014 Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.

Chariot Opts Not to Pursue License for Namibian Blocks
Thursday, October 23, 2014 Chariot Oil & Gas deems exploration in the northern blocks offshore Namibia too high risk to justify further spending on a new license.

NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
Thursday, October 23, 2014 New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.

Amerisur To Add Exploration License in Colombia
Wednesday, October 22, 2014 Amerisur presents to ANH a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30.

Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.

Lakes Oil Bags 2 Offshore Exploration Permits in Gippsland Basin
Tuesday, October 21, 2014 Lakes Oil bags two new exploration permits in the offshore Gippsland Basin, Victoria, Australia.

Cue Energy to Raise Stake in Kutei Basin's Mahakam Hilir PSC to 100%
Tuesday, October 21, 2014 Cue Energy to take full ownership of the Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia by acquiring the remaining 60 percent stake from SPC Mahakam Hilir.

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