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Supplier News
New World renews Blue Creek Project Production Sharing Agreement, BelizeOct 30, 2013New World Oil and Gas announce that the Government of Belize has approved the application of the third and final renewal period of the Blue Creek Production Sharing
Sonde Resources provides update on Viking farmout in North AfricaOct 30, 2013Sonde Resources Corp. announced that Viking Exploration and Production Tunisia Limited (Viking) requested an extension to the closing deadline for the Farmout Agreement
Nighthawk Energy enters into a farm-out agreementOct 30, 2013Nighthawk has entered into a farm-out agreement with an undisclosed private, Denver-based oil and gas company (Farmee) covering 4,572 acres of its 100% owned and
Argent Energy Trust closes acquisition of oil producing assetsOct 29, 2013Argent Energy Trust announce the closing of the previously announced acquisition of certain oil producing assets and an increase in its credit facility.
Sterling Energy announces farmin to Odewayne BlockOct 29, 2013Sterling Energy announce that its wholly owned subsidiary, Sterling Energy (East Africa) Limited, has signed a Farmout Agreement for the Production Sharing Contract of the
Giant Libra pre-salt rights awarded offshore BrazilOct 29, 2013Only one consortium of 11 registered bid for a 35-year production-sharing contract to develop the Libra pre-salt oil discovery in the Santos basin offshore Brazil.Libra is estimated to have fro 8 billion to 12 billion bbl of recoverable oil.
Petrobras will be the operator by law and have an automatic 30 percent stake also by law plus the 10 percent of the consortium.
Petrobras provides update on merger of RNESTOct 29, 2013Petrobras, in compliance with the provision set forth in CVM Instruction No. 358/02, announces that its Board of Directors approved the proposal to merge Refinaria Abreu e
Candax Energy completes sale of 10% interest in Madagascar Block 1101Oct 28, 2013Candax Energy Inc. announced that its 100% owned subsidiary, Candax Madagascar Limited, has completed its previously announced sale of its 10% interest in
Heritage Oil expands exploration portfolio in Papua New GuineaOct 25, 2013Heritage Oil Plc has agreed with Kina Petroleum Limited (Kina Petroleum) to farm-in to two licences onshore Papua New Guinea (PNG).
PetroTech Oil and Gas acquires oil and gas lease in Nowata, OklahomaOct 25, 2013PetroTech Oil and Gas, Inc. announces the acquisition of an 80-acre lease in Nowata, Oklahoma along with their partner CAVU Resources Inc. The lease known as the Brown
ProSep enters into an asset purchase agreement with Produced Water AbsorbentsOct 25, 2013ProSep Inc. and Produced Water Absorbents, Inc. have entered into an Asset Purchase Agreement (APA), pursuant to which PWA will acquire substantially all of the assets of
Ikon Science acquires software and services capabilities from Terra GeotechOct 25, 2013Ikon Science has acquired the software, services and intellectual property of Bergen headquartered Terra Geotech AS. Terra’s services, processes and products have
Enerplus increases production estimates for 2013 and sells non-core assetsOct 24, 2013Enerplus Corporation announce that as a result of strong operational performance, we are increasing our 2013 estimates for annual average and exit production while
Chevron acquires new acreage Offshore AustraliaOct 24, 2013Chevron Corporation announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin. Blocks S12-2 and S12-3, which span more than 8 million acres (32,375 square kilometers),
Magnolia Petroleum secures US$5 million credit facilityOct 23, 2013Magnolia Petroleum has secured a US$5 million three year Credit Facility ('the Credit Facility'). Combined with the Company's fast growing revenues from production, which
RMP Energy announces strategic asset purchase and provides operations updateOct 23, 2013RMP Energy Inc. announce a strategic asset purchase and provide an operational update highlighting the results from a recently-completed Ante Creek Montney oil well in
CNOOC announces successful bid for Libra field in BrazilOct 23, 2013CNOOC Limited announced that the Company, as part of a consortium comprised of Petrobras, Shell, Total and CNPC, has been awarded a 35-year production sharing
Shell Announces Successful Bid For Giant Field In Deep Water BrazilOct 23, 2013A consortium of companies, including Royal Dutch Shell plc (Shell), Petrobras, Total, CNPC and CNOOC, won a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil.
Solo Oil makes further investment in West AfricaOct 22, 2013Solo has signed a Sale Purchase Agreement (SPA) to acquire an additional 4.9% shareholding in Swiss based Pan Minerals & Oil AG (Pan Minerals) for a cash consideration
RedWater enters into farmout agreements to tie-in Davey Lake wellOct 21, 2013RedWater Energy Corp. has entered into farmout agreements with eight investors (collectively, the "Investors") for gross proceeds of $200,000 (collectively, the "Farmout
Cabot Oil & Gas to sell Marmaton and West Texas propertiesOct 21, 2013Cabot Oil & Gas Corporation has entered into two purchase and sale agreements to sell certain proved and unproved oil and gas properties located in the Mid-Continent and
Bayport International to purchase interest in five oil wells in Venango County, PennsylvaniaOct 21, 2013Bayport International Holdings, Inc. announce the signing of a Letter of Intent to purchase an interest in 5 oil wells located in the Scott Lease, Venango County, Pennsylvania.
Tullow Oil completes Namibia EL 0037 farminOct 21, 2013Pancontinental Oil & Gas NL says that the legal process of the previously announced Tullow Kudu Limited farmin to licence EL 0037 offshore Namibia has now been
W&T Offshore to acquire Callon Petroleum assetsOct 21, 2013W&T Offshore, Inc. has entered into an agreement with Callon Petroleum Operating Company (Callon) to acquire substantially all of Callon's exploration and production
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