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News Date
African Petroleum lets agreement for W. Africa blocks expire
African Petroleum allowed an exclusive agreement to lapse in negotiations to sell oil licenses in Gambia and Senegal. Following reports last month that the Gambian government cancelled talks with the...
Aug 01, 2017
FAR farm-in with Erin in Gambia offshore approved
The Gambian government approved Houston-based Erin Energy’s farm-out agreement with Australia’s FAR, by which FAR acquires Erin’s operated 80% WI in two offshore blocks in The Gambia. FAR will pay...
Aug 01, 2017
Riviera Mina & Windfire reverse merger deal is back on
Riviera Mina Ltd. and Toronto-listed Windfire Capital Corp. signed a LOI to complete a reverse merger transaction that will see Windfire acquire a 91.5% stake in Riviera from DMiner Asset Management,...
Aug 01, 2017
ONGC gets preliminary nod for US$7.0B HPCL takeover
In an apparent move to simplify some of the existing NOC structure in place, the Indian government granted in-principle approval for ONGC to buy out its 51.5% stake in Hindustan Petroleum (HPCL) in a...
Aug 01, 2017
Petronas exits Vietnam PSC after nearly a quarter century
One day after cancelling its operated Pacific Northwest LNG project in Canada (PG. 7), Malaysia’s Petronas announced it was exiting a pair of blocks offshore Vietnam in which it has been involved for...
Aug 01, 2017
PTTEP takes $500 million stake in Malaysia LNG project
Thailand’s PTTEP is paying $500 million to acquire 10% WI in the Petronas-operated liquefaction plant MLNG Train 9 in Malaysia. This is the first investment of PTT Global LNG, a JV established by...
Aug 01, 2017
Sino signs new gas sales agreement for the Sanjiaobei PSC
Sino Gas & Energy Holdings (SGE) and partner PetroChina signed a new gas sales agreement for the Sanjiaobei PSC in China, which covers 1,123 sq km and is contiguous with Linxing West to the...
Aug 01, 2017
What the Analysts are Saying About - August 01, 2017
Sentry: ‘another negative data point’“It’s another negative data point for doing business in Canada, Swanzy Quarshie with Sentry Investments, told Bloomberg. “The biggest concern is the...
Aug 01, 2017
M&A poised for another year-end comeback?
The global upstream M&A scene is seeing an uptick as Q3 begins, with ~US$1.8 billion in deals in July versus $138.1 million in June. The increase comes after deal values fell 68% sequentially to $5.8...
Aug 01, 2017
People & Companies - August 01, 2017
Africa Energy Corp. appointed Garrett Soden president and CEO. Soden previously served as CFO of Etrion Corp., CFO of PetroFalcon, and CEO of RusForest. He also held positions in equity research and...
Aug 01, 2017

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