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Shell, Mubadala swap Malaysian interests

Mubadala Petroleum, Abu Dhabi, has agreed with Shell to swap equity interests in two exploration blocks offshore Malaysia.

Old onshore concession ends in Abu Dhabi

Abu Dhabi National Oil Co. (ADNOC) has become the sole shareholder of Abu Dhabi Co. for Onshore Oil Operations (ADCO) after the expiration this month of a 75-year-old concession involving participation by international oil companies.

Total enters UK shale gas arena through recent purchase

Total SA has entered into the UK shale gas arena through the purchased of 40% interest in two shale gas exploration licenses in the UK, paying $1.6 million in back costs and the funding of a fully carried work program of up to $46.5 million.

Kufpec to buy Shell’s stake in Wheatstone LNG venture

Royal Dutch Shell PLC reported it has agreed to sell its 8% equity interest in the Wheatstone-Iago joint venture and 6.4% interest in the 8.9-million tonne/year Wheatstone LNG project in Western Australia for a cash consideration of nearly $1.14 billion to Kuwait Foreign Petroleum Exploration Co. (Kufpec), subject to closing.

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International news for oil and gas professionals

Innex California, Rango Energy form US joint venture

Innex California Inc., Dallas, has signed a definitive joint venture, operating, and acquisition agreement with Rango Energy Inc. that covers certain Innex assets in California and a project in western Oklahoma.

Apache: Severe weather, outages impacted fourth-quarter operations

Apache Corp. reported that severe winter storms and outages at third-party owned facilities adversely affected the company’s oil and gas production from its Permian basin and central region operations during fourth-quarter 2013.

GSGNA appoints president, chief executive officer

GDF Suez Gas NA (GSGNA) has appointed Frank Katulak as president and chief executive officer.

Alaska LNG Project parties sign heads of agreement

ExxonMobil Corp., BP PLC, ConocoPhillips, TransCanada Corp., Alaska Gasline Development Corp. (AGDC), and Alaska’s commissioners of natural resources and revenue have signed a heads of agreement (HOA) for the Alaska LNG Project, laying the commercial framework for development of an 800-mile natural gas pipeline to transport production from the Alaska North Slope (ANS) to a 15-18 million tonne/year LNG plant on its south-central coast.

Speculations peak about majors’ exit from Australian refining, retail

Rumors are swirling around the Australian petroleum industry about the exit of major companies Royal Dutch Shell PLC and BP PLC from the country’s refining and retail scene.

Fieldwood to acquire gulf assets from SandRidge for $750 million

Fieldwood Energy LLC has purchased certain offshore Gulf of Mexico and onshore Gulf Coast assets from SandRidge Energy Inc. for $750 million.

Hess closes on $650 million sale of Pangkah asset in Indonesia

Hess Corp. has completed the sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its preemption rights, for $650 million.

Hess files documents for retail spinoff

Hess Corp. has filed documents with the US Securities and Exchange Commission for the spinoff to shareholders of its retail business, which includes 1,350 gasoline-convenience stores bearing the company’s brand in 16 states along the US East Coast.

Fieldwood to acquire gulf assets from SandRidge for $750 million

Fieldwood Energy LLC has purchased certain offshore Gulf of Mexico and onshore Gulf Coast assets from SandRidge Energy Inc. for $750 million.

EPL to ramp up oil production in 2014

EPL Oil & Gas Inc. intends to spend $360 million on oil-dominated, lower-risk development activities in 2014, focusing on the exploitation of the shallow sections within EPL's Ship Shoal, West Delta, South Timbalier, and Main Pass core field areas.

Market Connections

Manager of Exploration and Development

Manager of Exploration and Development

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Colorado School of Mines

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor. Colorado School of Mines Petroleum Engin...
IDAHO DEPARTMENT OF LANDS

Now Hiring: Minerals Leasing Program Manager

Become part of an organization where you will work with dedicated and extraordinary people who have commitment and skills to manage and protect Ida...
MasonMorseRanchCompany

Absolute Auction: Pecos River Ranch Retreat

Absolute Auction: Pecos River Ranch Retreat. 1,616.24 Acres, Santa Fe, NM. Roughly a Mile of Pecos River Frontage. Auction: July 30th @ 1:30 pm, Hy...
Denbeste Water Solutions

Seeks Funding for Leasing and Drilling

Company has numerous oil & gas prospects supported by 2-D seismic in theTexas-Louisiana Gulf Coast onshore. Seeks funding for leasing and drill...

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Offshore Middle East Conference & Exhibition

January 26, 2015
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