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News Topics: Property Acquisitions & Divestitures

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Petrobras to Sell $13.7B in Assets in 2015 and 2016
Monday, March 02, 2015 Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.

Otto Pares Stake in Philippines' SC55, Secures Drillship for Hawkeye-1 Well
Monday, March 02, 2015 Otto Energy farms out a 15 percent stake in Service Contract 55 off the Philippines to Red Emperor Resources and signs a letter of intent for Maersk Venturer to drill the Hawkeye-1 exploration well in the block.

Bounty Terminates Deal to Buy Stakes in Empire's Carnarvon Basin Permits
Friday, February 27, 2015 Bounty Oil & Gas terminates agreement to acquire the stakes of Empire Oil & Gas' Carnarvon Basin permits in Western Australia.

RWE To Complete DEA Disposal Very Soon
Friday, February 27, 2015 RWE says closure of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman is imminent; media reports completion date as March 1.

Aminex Gets Approval to Pare Stake in Tanzania's Kiliwani North License
Thursday, February 26, 2015 The Tanzanian government approves Aminex's sale of up to a 13 percent interest in Kiliwani North Development License in Tanzania to Solo Oil.



Inpex Secures Stakes in 2 Exploration Permits Offshore Western Australia
Wednesday, February 25, 2015 Inpex secures stakes in two exploration permits offshore Western Australia, near its Ichthys liquefied natural gas project.

Lime Petroleum Acquires 30% Stake in PL338C off Norway from Lundin
Wednesday, February 25, 2015 Lime Petroleum acquires 30 percent interest in PL338C offshore Norway from Lundin Petroleum.

Lundin Farms Out Gemini Prospect Offshore Norway
Tuesday, February 24, 2015 Lundin Petroleum agrees to farm out a 30% working interest in Norway's PL338C license to Lime Petroleum.

Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015 Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.

Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.

Chevron Says Plans To Give Up Romania Shale Gas Project
Monday, February 23, 2015 Chevron says it will give up shale gas exploration plans in Romania, after an assessment showed the Black Sea state does not compete favorably with other investment opportunities.

UKOG Signs Deal to Increase Stake in Markwells Wood to 100%
Friday, February 20, 2015 UK Oil & Gas signs a deal that see its acquire a 40% interest in the Markwells Wood license in England's Weald Basin, raising its stake in the license to 100%.

Papua New Guinea Approves NGE's Sale of 50% in PPL 269 to Santos
Wednesday, February 18, 2015 Papua New Guinea approves New Guinea Energy's sale of a 50 percent interest in petroleum prospecting license 269 in the country to Santos.

Carnarvon Seals Divestment of Thai Oil Production Assets to Berlanga
Wednesday, February 18, 2015 Carnarvon Petroleum completes divestment of its remaining 20 percent interest in three oil production concessions in Thailand to Berlanga.

Minister: Croatia Gets 7 Bids For Onshore Oil/Gas Exploration
Wednesday, February 18, 2015 Croatia receives 7 bids at an international tender for onshore exploration of oil and gas in the northern Drava river basin and east of the country, Economy Minister Ivan Vrdoljak says.

Lime Inks Deal with Tullow Oil for 20% Stake in 3 Licenses Off Norway
Wednesday, February 18, 2015 Lime Petroleum inks agreement with Tullow Oil to acquire 20 percent stake in three licenses in the Norwegian Sea.

MEO Signs Options to Farm Out Stakes in 3 Permits Offshore Australia
Wednesday, February 18, 2015 MEO Australia signs option agreements to farm out stakes in three permits offshore Australia to an international exploration company.

Mexican Billionaire Slim Cuts Stake In Argentina's YPF
Tuesday, February 17, 2015 Mexican billionaire Carlos Slim and his family reduce their exposure to Argentine energy company YPF last year, selling just over 10 million shares, according to an SEC filing.

Sterling Signs Deal to Gain Complete Control of Cameroon Concession
Tuesday, February 17, 2015 Sterling Energy signs a deal that will give it complete ownership of the Ntem Concession, offshore Cameroon.

Inpex Clinches Beetaloo Basin Onshore Exploration Permit in Australia's NT
Monday, February 16, 2015 Inpex successfully bids for onshore exploration permit EPNT 14-1 in the Beetaloo Basin, south east of Darwin, Australia.

Europa Agrees Farm-Out Deal for Onshore France Permit
Monday, February 16, 2015 Europa Oil & Gas signs a farm-out deal with Vermillion REP SAS in relation to its Tarbes Val d'Adour Permit, onshore France.

BHP Agrees to Sell Pakistan Gas Business
Monday, February 16, 2015 BHP Billiton agrees to sell its Pakistan gas business to a local firm, a unit of the Hashoo Group, for an undisclosed sum, the global miner says.

Government Approves Change in Equity Stakes in Blocks 105, 120 Off Vietnam
Monday, February 16, 2015 The Vietnamese government has endorsed changes to the equity stakes held in Blocks 105 and 120 off Vietnam after Neon Energy's withdrawal from the permits.

Roxi Sells Stake in Galaz Contract Area to China's Xinjiang Zhundong
Wednesday, February 11, 2015 Roxi Petroleum sells its stake in Galaz Contract Area in Kazakhstan to China's Xinjiang Zhundong for $20.72 million.

Pluspetrol Interested in Bidding on Peru's Biggest Oil Block
Wednesday, February 11, 2015 Argentine energy company Pluspetrol is interested in bidding on the rights to continue developing Peru's biggest oil block after its contract expires on Aug. 15, a company manager says.

South Korea's SK Innovation Inks PSCs for 2 Blocks in South China Sea
Wednesday, February 11, 2015 CNOOC inks production sharing contracts with South Korea's SK Innovation for Block 04/20 and Block 17/03 in the South China Sea.

Tap Oil Decides Not to Acquire 10% Stake in Permit VIC/P67 in Otway Basin
Wednesday, February 11, 2015 Tap Oil decides not to acquire a 10 percent interest in exploration permit VIC/P67 in the Otway Basin, offshore Australia.

Sterling Buys Stake in Block C-3 Offshore Mauritania
Tuesday, February 10, 2015 Sterling Energy pays $2.5 million to Tullow Oil in order to acquire a 40.5% stake in Block C-3 offshore Mauritania.

Inpex to Sell 25% Stake in Gas Block in Louisiana to Sibley Petroleum
Monday, February 09, 2015 Inpex agrees to sell its 25 percent stake in onshore Block SL20183 in Louisiana to Sibley Petroleum.

MEO Australia Relinquishes Stake in Blackwood Area to Eni to Focus on Heron
Monday, February 09, 2015 MEO Australia relinquishes 50 percent stake in Blackwood gas discovery in the Timor Sea to Eni to focus on the Heron Area.

Providence Boosts Spanish Point Stake with Chrysaor Acquisition
Monday, February 09, 2015 Providence Resources boosts its holding in the Spanish Point project by buying Chrysaor E&P Ireland Limited.

Real Energy Succeeds in Tender for 2 Exploration Permits in Cooper Basin
Friday, February 06, 2015 Real Energy adds two permits in Australia's Cooper Basin after success in its tender for Queensland Petroleum Land Releases PLR 2014-1-4.

Energy Ministry: Only 2 Greek Firms Bid For Onshore Oil, Gas Exploration
Friday, February 06, 2015 Only two Greek firms bid for oil and gas exploration in three onshore blocks in western Greece, the country's energy ministry says.

Seplat Completes Acquisition of Stakes in OML 53, OML 55 in Nigeria
Friday, February 06, 2015 Seplat Petroleum Development Company completes acquisition of stakes in OML 53 and OML 55 in Nigeria.

Chevron Agrees to Acquire 30% Stake in 3 Offshore Blocks in Mauritania
Thursday, February 05, 2015 Chevron pens agreement to acquire a 30 percent interest in three blocks offshore Mauritania from Kosmos Energy.

Israel Says Noble and Delek Will Have to Sell Some Offshore Reserves
Tuesday, February 03, 2015 Israel's energy minister says natural gas companies operating offshore Israel will have to sell some of their reserves to avoid being deemed a monopoly.

POE Completes Sale of 50% Stake in Thailand's L53/48 Concession to Sea Lion
Tuesday, February 03, 2015 Pan Orient Energy completes sale of 50 percent stake in Concession L53/48 in Thailand to Sea Lion, while Talisman is expected to take over a 51 percent operating interest in Indonesia's East Jabung block from the firm by April.

Tender Oil & Gas Inks 2 PSCs for 2 Onshore Blocks in Senegal
Tuesday, February 03, 2015 Tender Oil & Gas inks production sharing contracts for two onshore blocks in Senegal.

Indonesia's Energy Regulator: Total Relinquish Papua Exploration Block
Tuesday, February 03, 2015 Total relinquishes its South West Bird's Head exploration block in Papua, an official at Indonesia's energy regulator told Reuters, without giving a reason.

Roxi Extends Deadline for Xinjiang Zhundong to Acquire Stake in Galaz Block
Monday, February 02, 2015 Roxi Petroleum extends deadline for Xinjiang Zhundong Petroleum Technology to acquire stake in the Galaz Contract Area in Kazakhstan.

South Africa's SacOil Says Could Exit Nigeria Assets
Monday, February 02, 2015 SacOil Holdings says it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and could exit other assets as the price of oil tumbles.

Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Friday, January 30, 2015 Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.

BP to Hand Back Two Exploration Blocks to Indonesia on Risk Concerns
Friday, January 30, 2015 BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company says.

Santos Acquires 20% Stake in Sabah's Deepwater Block R
Friday, January 30, 2015 Santos acquires 10 percent interest each from Inpex and JX Nippon Oil & Gas Exploration in Block R, offshore Sabah, Malaysia.

Indonesia Plans to Produce 825,000 Bopd in 2015, Up 4% YOY
Thursday, January 29, 2015 Indonesia plans to produce 825,000 barrels of oil per day in 2015, up 4% from last year, while a decision on contract extension for the Mahakam block is expected in February.

Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015 Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.

Octanex Drops Claim on Onshore Derby Block in WA's Canning Basin
Wednesday, January 28, 2015 Octanex drops claim on onshore Derby Block in Western Australia's Canning Basin.

Chevron Teams Up with BP, ConocoPhillips in GOM Leases
Wednesday, January 28, 2015 Chevron announces it will work with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015 Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

Faroe, Lundin, Cairn Score Norway License Wins
Wednesday, January 21, 2015 Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.

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