"A final investment decision is planned for late 2016 with production start-up in 2020," Statoil said.

Javadi said Iran will hold an "international oil and gas strategy conference" in Tehran to introduce potentials of Iranian private sector.

mexico, round one, second phase, oil, production, Gulf of Mexico

Three of five Gulf of Mexico blocks offered were awarded during the second phase of Mexico’s Round One.

KMG, which holds 16.81 percent in the offshore field, hopes to close the deal in November.

Kuwait Energy will give up 10% of a concession in Basra, southern Iraq, for exploration by Egypt's state oil company, Tarek al-Mullah said in a statement.

The Balkan country, eager to reduce its near total dependence on Russian gas, had in April opened tenders for two offshore blocks, Silistar and Teres.

The assets are 11 oil and gas fields, including a 70% stake in the Breagh Field which produces 3% of Britain's annual gas output, Reuters said.

Halliburton's proposed acquisition of Baker Hughes ran into regulatory hurdles with the U.S. antitrust enforcers who believe the $35 billion merger will lead to higher prices and less innovation.

The British oil and gas company bought from Spain's Repsol SA the nonoperated positions in the Atlantic basin, located around 200 km (124 miles) from St. John's, Newfoundland.

GCDT fits fully into Prysmian’s expansion strategy in subsea umbilicals, risers and flowlines and complements its product range. The portfolio of protectors will be enhanced, the company added.

CLH is the leading company in Spain for oil product transportation and storage and is one of the largest private companies in its sector internationally.

King & Spalding, M&A, opportunity, seismic, deal

Crucial to any undeveloped acreage transaction is getting ahold of seismic data, according to panelists speaking during an energy forum.