Perisson will operate the properties. It plans to recomplete one of the wells at Ribstone and convert another to provide onsite water disposal.

Brazil's oil industry regulator ANP said Sept. 29 it plans to auction rights to up to 10 areas with marginal accumulations of petroleum and gas on March 24.

Terra Nova also said that the board of directors approved a change of jurisdiction from the province of Alberta to the province of British Columbia in Canada. 

Industry officials had privately expressed concerns that the terms were too generous to Pemex, prompting the company to request changes that the national oil regulator approved on the evening of Sept. 27.

Dennis Mills, chair of the independent committee of the board of directors, said Pacific Exploration’s long-term goal to improve liquidity aligns with the sale.

Centrica produces about 64,000 barrels of oil equivalent per day in Canada, of which 90% is natural gas. The company's operations are focused on southern Alberta and Saskatchewan, Reuters reported.

The Erawan and the Bongkot gas fields have combined production of 2.2 billion cubic feet per day, or 76% of output in the Gulf of Thailand, Reuters reported.

Mexico, Energy Secretary, Pemex, U.S. Shale, investment, auctions

Mexico’s energy company is struggling and auctions continue to lag, particularly in unconventional areas.

Bharat Petroleum was India's first state-owned refiner to venture into the upstream oil business when it bought minority stakes in Brazilian blocks in 2007, Reuters reported.

Maersk said it would look for solutions for its oil and oil-related businesses, which are to be split from the main company either individually or in combination 'in the form of joint-ventures, mergers or listing.'

As part of the deal, Bellatrix has retained formation rights above and below the Cardium on the Pembina, Alberta, acreage, including the Notikewin, Falher and Wilrich members of the Spirit River Formation.

OMV was ready to swap a minority stake in either of the holding companies for its North Sea assets for about 25% in two areas of the Achimov Formation of Gazprom's Urengoy Field in Siberia, Reuters reported.