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Mergers & Acquisitions
Chevron subsidiary signs production sharing contract in MyanmarMar 26, 2015Chevron Corporation’s subsidiary, Unocal Myanmar Offshore Co., Ltd., has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company, to explore for oil and gas in the Rakhine Basin.The new PSC area, Block A5, lies 125 miles (200 km) offshore northwest of Yangon, and covers more than 2.6 million acres (10,600 sq. km).
Range Resources completes sale of Texas assetsMar 25, 2015Range Resources has completed the sale of its Texas assets to Citation Resources Limited. As part of the sales proceeds Range has received a AU$500,000 cash payment,
Getech announces conditional acquisition of ERCLMar 25, 2015Getech executes an agreement to acquire the entire issued share capital of ERCL Limited, an upstream oil and gas consultancy. Completion is scheduled for the week commencing 2015,
GexCon expands its business with the acquisition of StormfjordMar 24, 2015GexCon AS has announced the acquisition of Stormfjord. The move will see GexCon, known globally for its FLACS safety and risk management
Austin Exploration forms JV to develop Austin's Pierre shale prospects in ColoradoMar 24, 2015Austin Exploration has formed a Joint Venture with Pierre Energy Partners to develop its Pierre Shale prospects at the Company's 100% controlled
Saxon Oil acquires interests in three US oilfieldsMar 24, 2015Saxon Oil WI director Joseph Johns was clear in his recent interview regarding market conditions highlighting that it would not affect the
FMC Technologies and Technip to launch Forsys SubseaMar 24, 2015FMC Technologies Inc. and Technip has signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture
GASFRAC Energy receives court approval for sale of substantially all assetsMar 24, 2015GASFRAC Energy Services Inc. has obtained the approval of the Court of Queen's Bench of Alberta and the United States Bankruptcy Court in
New World Oil and Gas extends Danica Jutland and Resources licensesMar 23, 2015New World Oil and Gas has reached agreement with the Danish Energy Agency to extend its existing work programme commitment deadlines
Independent Oil and Gas awarded increased licence areaMar 23, 2015Independent Oil and Gas says that further to the award of block 48/22c in the UK 28th offshore licensing round, the licence area has been
Shell Petroleum completes sale of oil mining lease 18 in NigeriaMar 23, 2015The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the
Woodside Petroleum signs production sharing contracts for Myanmar offshore acreageMar 23, 2015Woodside has signed production sharing contracts for offshore blocks AD-2, AD-5, A-4 and A-7, awarded to Woodside in the 2013 Myanmar Offshore
Venari Resources expands Gulf of Mexico portfolioMar 23, 2015Venari Resources LLC was the high bidder on 12 deepwater blocks in the Central Gulf of Mexico offshore lease sale held by the Bureau of
GulfSlope Energy is apparent high bidder on 3 Offshore GoM federal lease blocksMar 20, 2015GulfSlope Energy announced the results of its participation in offshore lease sale 235, central Gulf of Mexico, conducted by the Bureau of Ocean
Brownstone Energy sells Colorado assets to Coachman EnergyMar 20, 2015Brownstone Energy Inc. has entered into an agreement dated March 17, 2015 and effective as of January 1, 2015 with Coachman
Intergraph® acquires Norwegian pressure vessel design software company OhmTech A/SMar 20, 2015Intergraph® Process, Power & Marine has acquired OhmTech A/S of Stavanger, Norway, a provider of pressure vessel design
FES International completes DBSC contract for Oceaneering InternationalMar 20, 2015Two automatic Diverless Bend Stiffener Connector (DBSC) units produced by FES International, were delivered to Oceaneering International, Inc.
Byron Energy the highest bidder on Eugene Island, Block 18Mar 20, 2015Byron Energy Limited advises that Byron Energy Inc, a wholly owned subsidiary of the Company, was the high bidder on a block in
CGG GeoSoftware acquires VelProMar 20, 2015CGG GeoSoftware has further enhanced its advanced geoscience software portfolio by acquiring the rights to the VelPro™ velocity
Statoil adds acreage in the Gulf of Mexico Central Lease SaleMar 20, 2015Statoil says that it successfully bid on 14 leases in the U.S. Department of the Interior’s central region Gulf of Mexico lease sale 235, which occurred in New Orleans, LA. “The acreage high bid today, completes our ownership of the Monument prospect, brings additional prospects in to our portfolio and strengthens our position in prioritised areas of the US Gulf of Mexico,” says Jez Averty, Statoil’s senior vice president, exploration for North America. Statoil's winning bids are subject to review and final approval by the authorities.
Statoil awarded new exploration licence offshore IndonesiaMar 19, 2015Statoil awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.The licence covers an area of approximately 8,300 square kilometres,
LUKOIL closes deal to enter project Off CameroonMar 18, 2015LUKOIL closed a transaction to enter a project to develop the Etinde block offshore the Republic of Cameroon in the Gulf of Guinea (West Africa).
Bowleven complete Etinde farm-out and $165 million cash receivedMar 18, 2015Bowleven has completed the Etinde farm-out transaction and to confirm receipt of the initial $165 million cash proceeds (excludes
MEO Australia farm out for 30% of WA-488-P confirmedMar 18, 2015MEO Australia Limited says that its wholly owned subsidiary has been formally notified by the international exploration company (the Farminee)
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