Acquisitions & Divestitures

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IKM Testing Acquires Oceaneering’s Machine, Cutting Business

IKM will retain Oceaneering’s employees, technology, contracts and equipment fleet, according to a news release.

Fri, 08/28/2015 - 08:29
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Alta Mesa Offers Interest In South Louisiana Properties

The assets are located in Assumption, Calcasieu, St. Mary, Jefferson, Plaquemines and Terrebonne parishes. The package includes 8,738 net acres in the Ramos, Turtle Bayou, North Turtle Bayou, Turps and Saturday Island fields.

Darren Barbee
Thu, 08/27/2015 - 16:51
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Norway’s Seagull Oil & Gas Acquires ExTek AS

ExTek AS is Norway’s only oil, gas industry core competency training center using globally recognized CompEx Scheme. Seagull aims to be complete provider of training solutions, said its managing director. 

Erin Pedigo
Thu, 08/27/2015 - 14:33
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Total Will Sell Some North Sea Pipeline Assets To ArcLight Capital Affiliate

The US$907 million sale to North Sea Midstream Partners, an ArcLight Capital affiliate, includes the Frigg U.K. and SIRGE gas pipelines and the St. Fergus gas terminal, Reuters said. 

Erin Pedigo
Thu, 08/27/2015 - 08:52
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Iran Will Offer Three Gas Fields At Upcoming London Conference

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference, according to state news agency Shana, Reuters said.

Erin Pedigo
Wed, 08/26/2015 - 10:50
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Mexico Sweetens Oil Auction Terms Again

The next round will be awarded on Sept. 30, and involves five production-sharing contracts covering nine shallow water oil fields along the southern edge of the Gulf of Mexico.

Wed, 08/26/2015 - 08:45
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RSP Permian Closes Core Midland Bolt-on Acquisitions

The estimated resource potential is more than 85 million barrels of oil equivalent. The resources are fully operated by the company, are all HBP and have 23% average royalty burden.

Erin Pedigo
Tue, 08/25/2015 - 14:57
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Energy Transfer Will Bid For Magnum Hunter Subsidiary Stake

Magnum Hunter, which has struggled with weak gas prices, said in June that it expected to raise up to $700 million by selling its stake in Eureka Hunter, Reuters reported.

Erin Pedigo
Mon, 08/24/2015 - 14:04
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Libya Oil Firm Calls For Purchase Discussions With Oil Majors

A state oil firm loyal to Libya's official government invited foreign oil firms to discuss existing oil purchase contracts at September conference in Dubai, according to a statement, Reuters reported.

Erin Pedigo
Mon, 08/24/2015 - 10:29
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Eagle Energy Trust Closes Twining Field Acquisition

Eagle acquired an 80% working interest in petroleum producing properties in Twining Field, in one of the largest Pekisko oil pools in the Western Canadian Sedimentary Basin.

Erin Pedigo
Mon, 08/24/2015 - 09:26
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Cobalt Plans To Sell Stake In Angolan Blocks In $1.75 Billion Deal

Sonangol is acquiring Cobalt’s 40% participating interest in blocks 21/09 and 20/11 offshore Angola for $1.75 billion with an effective date of Jan. 1, 2015.

Mon, 08/24/2015 - 08:45
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ANP Lists Companies Approved For Brazil Auction

The companies include Portugal's Galp Energia, Petro Rio, Royal Dutch Shell, Angola state oil company Sonangol and Engie, Brazil’s oil regulator ANP said, Reuters reported.

Erin Pedigo
Fri, 08/21/2015 - 15:24

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