MEO to takes over as operator of NZ's Exploration Permit PEP51153Jan 20, 2016MEO Australia Limited (MEO) advised that following the appointment of liquidators to Kea Petroleum Limited (Kea), Operator of the PEP51153 exploration permit located onshore
Petro Vista to sell Tartaruga Block interest to Maha EnergyJan 20, 2016Petro Vista Energy Corp. has now entered into a binding sale and purchase agreement with Maha Energy Inc. for the sale of its wholly owned Brazilian subsidiary Petro Vista
InfraStrata to complete funding for Woodburn Forest-1 wellJan 20, 2016InfraStrata plc says that a series of Farmout Agreements have been entered into by InfraStrata and Brigantes Energy Limited, both together and separately, which together
Empyrean Energy to sell Sugarloaf AMI project for up to $71.5 millionJan 19, 2016Empyrean Energy has entered into a conditional purchase and sale agreement with Carrier Energy Partners II, LLC, a Delaware corporation, to dispose of all of its right, title
Gran Tierra to acquire consolidating interests in the Putumayo-7 BlockJan 18, 2016Gran Tierra Energy Inc. has entered into an agreement with PetroGranada Limited to acquire all of the issued and outstanding shares of PetroGranada Colombia Limited.
TennStar Energy acquires a stake in 21 well lease in Caldwell CountyJan 18, 2016The EOR21, JV is a Twenty One (21) Well Enhanced Oil Recovery Project located in Caldwell County, Texas. Twenty One (21) of the wells are proven productive vertical oil wells. Six (6) of the wells
Rosneft and BP to dissolve Joint Venture in GermanyJan 18, 2016Rosneft and BP have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of
PetroShare Corp. to acquire additional lease in ColoradoJan 18, 2016PetroShare Corp. has entered into a non-binding Letter of Intent with Kerr McGee Oil & Gas Onshore LP for the acquisition of a producing well and associated leases within its Todd Creek
Offshore Group Investment gets approval of prepackaged restructuring and recapitalization planJan 18, 2016Offshore Group Investment Limited and its affiliated chapter 11 debtors have received court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan")
Sound Energy acquires 25% interest in Sidi Moktar licencesJan 15, 2016Sound Energy has entered into a binding agreement with Maghreb Petroleum Exploration S.A. for the purchase of MPE's 25% working interest in three onshore gas permits locate
Oil Basins issues statement clarifying operatorship of Derby BlockJan 15, 2016Oil Basins Limited has not resigned as Operator of EP487 (Derby Block) and the Company continues as Operator.
WHL Energy intends to continue its participation on Seychelles blocksJan 15, 2016Australian energy company WHL Energy Limited refers to the farm-out agreement between Ophir Seychelles (Areas 1, 2 and 3) Limited, PetroQuest International Incorporated and WHL
Azonto working on disposal of oil and gas activities in West AfricaJan 15, 2016Azonto Petroleum has worked over the past few months to tidy up legacy issues relating to the disposal of the company's oil and gas activities in West Africa. Following the disposal,
Statoil purchases minority sake in Lundin PetroleumJan 15, 2016Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (NCS).
Gran Tierra completes the acquisition of PetroamericaJan 14, 2016Gran Tierra Energy Inc. has completed the acquisition of all of the issued and outstanding common shares of Petroamerica (Petroamerica Shares) (being 108,888,215 Petroamerica Shares)
Petrobras reports adjustments to the 2015-2019 business and management planJan 14, 2016Petrobras says that its Board of Directors has approved certain adjustments to the 2015-2019 Business and Management Plan (2015-2019 BMP).
Halliburton and Baker Hughes respond to European Commission actionJan 14, 2016Halliburton Company and Baker Hughes Incorporated noted the decision by the European Commission (the “Commission”) to initiate a Phase II review of Halliburton’s pending acquisition
Premier Oil agrees to acquire all of E.ON’s UK North Sea assetsJan 14, 2016Premier Oil has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from existing cash resources, adds immediate cash generative production, realises tax synergies on Premier’s current c.$3.5bn UK tax loss position and is accretive to lending covenants.
Emerald Oil closes sale of certain non-operated assetsJan 13, 2016Emerald Oil, Inc. and two of its wholly owned subsidiaries closed the sale of a portion of the Company's undeveloped leaseholds in Montana and North Dakota, consisting of approximately
Plains All American to purchase approximately $1.5 billion of equity capitalJan 13, 2016Plains All American Pipeline, L.P. has received binding commitments for the purchase of approximately $1.5 billion of equity capital. The purchasers will acquire approximately 56 million
Trican Well Service in negotiations for sale of its United States pressure pumping businessJan 13, 2016Trican Well Service Ltd. is in negotiations with Keane Group, a privately-held, U.S. based well completion services company for the sale of Trican's United States pressure pumping business.
Bellatrix Exploration declares first half 2016 capital budgetJan 13, 2016Bellatrix Exploration Ltd. declared strong preliminary 2015 operational results and a focused first half 2016 capital budget of $46 million. Building on the operational successes from 2015,
Hyperdynamics files legal proceedings over contract breaches by Tullow Oil and Dana PetroleumJan 13, 2016Hyperdynamics Corporation has filed legal actions against its partners under the Joint Operating Agreement governing the oil and gas exploration rights offshore Guinea.
Savannah Petroleum suspends trading on AIM due to potential reverse takeoverJan 12, 2016At the request of the Company, Savannah's ordinary shares have been suspended from trading on AIM with effect from 7.30 a.m. Monday morning.
