The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.

The sale follows Pengrowth's divestment of noncore assets in the Swan Hills area in north-central Alberta for CA$180 million on March 20.

Statoil bid a total of $44.5 million for 13 licenses in the U.S. GoM. The company said it had won five new operated licenses in the northern North Sea and one in the frontier area west of Scotland, committing to drill at least three wells.

Forty British companies came to the South American country in order to reinforce networking and business expansion.

Turkey, which supports a breakaway Turkish Cypriot state in northern Cyprus and is highly influential there, says the Greek Cypriot-led government of the island has no right to explore for hydrocarbons, Reuters reported.

Oil majors Royal Dutch Shell and Statoil, mainly in partnership with BP, received most licenses. In a sign of the North Sea's changing ownership structure, many newcomers, including Chrysaor and Simwell Resources, were also successful, documents published late on Thursday showed.

BOEM, Gulf of Mexico, lease, sale, bids,oil, gas, offshore, Shell

Results show the oil and gas industry still has interest in the Gulf of Mexico as market conditions improve.

A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.

For C$180 million cash, an undisclosed Calgary-based private company will acquire a portion of Pengrowth's Swan Hills assets in north-central Alberta.

Total, Petrobras, Brazil, Santos, Maxime Rabilloud, Iara, Lapa, offshore

The French oil major looks to strengthen its portfolio with the Iara and Lapa fields.

Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.

KrisEnergy hopes to begin initially producing about 8,000 barrels per day (Mbbl/d) of low-sulfur oil early next decade. But it first needs to find a partner to back the development, which is estimated at below $200 million, Reuters reported.

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