Panoro Energy ASA has announced that its wholly owned subsidiary Pan-Petroleum Aje Limited, has entered into a Sale and Purchase Agreement with the Nigerian company Lekoil 113 Nigeria Limited (the “Buyer”) for the sale of Panoro’s 6.502% participating interest in the OML113 license offshore Nigeria for a consideration of US$30 million. Lekoil 113 Nigeria Limited is a subsidiary company of Lekoil [...]
Norway’s Det norske oljeselskap ASA has come to an agreement with Total E&P Norge AS with regards to transfer of participating interests in three licenses. In the Barents Sea, Det norske assigns ten per cent of license 535, which contain the Norvarg discovery, to Total. After the transaction Det norske holds ten per cent share [...]
BP announced today that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135m in cash. Subject to regulatory approvals, BP expects the deal to close in the second half of 2013. “Over the past two years BP has built a significant [...]
On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously entered into by the parties in respect of Licence [...]
Bass Strait Oil Company Ltd has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin. On 21 March 2013 Moby Oil and Gas Limited announced it had negotiated final terms on which to dispose of its 25% interest in the joint venture and the permit to Oil Basins Limited for a nominal sum. BAS [...]
Aziana has announced that they have reached a conditional agreement with the Board of unlisted public company Eternal Resources Limited (ACN 149 833 072) (“Eternal”) to acquire all the shares and options in Eternal by means of an off-market all-scrip takeover. Eternal is an unlisted public company with exciting oil & gas exploration and production [...]
April 15, 2013 | Posted in
Also in the News,
Americas,
Company News,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
Project Updates,
REGIONAL NEWS |
Read More »
Pacific Rubiales Energy Corp. exercised its option to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australia Ltd. through the funding and participation in the Bilby-1 exploration well, offshore Santos basin, Brazil. This will be the third exploration well the Company has participated in the Karoon blocks, following the Kangaroo-1 and [...]
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announced, further to the Company’s announcement of 7 January 2013, that it entered into a definitive sale and purchase agreement on 11 March 2013 in relation to the acquisition of an additional [...]
March 12, 2013 | Posted in
Company News,
Europe & Eurasia,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
Project Updates,
REGIONAL NEWS,
Top Stories |
Read More »
Anadarko, a US-based independent oil company, and India’s Videocon are looking to sell stake in Rovuma Area 1 offshore Mozambique, The Economic Times has reported. According to the ET, Videocon plans to receive between USD 2.5 and 3 billion for its 10% stake in the gas rich area. Anadarko, the operator of the field is [...]
Anadarko Petroleum Corporation yesterday, March 5, announced it has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko’s ownership in the Heidelberg development project in the deepwater Gulf of Mexico. Under the terms of the agreement, Anadarko will be carried for $860 million, which represents [...]
