- Free Downloads
The agreement to acquire the stake was announced in October, and included an option for Aker Solutions to purchase the remaining 30% of the company three years from now.
Energean, which is focused on Greece, the Adriatic Sea, the eastern Mediterranean and North Africa, is 45% owned by hedge fund Third Point, Reuters reported.
Israel has invited oil and gas companies to participate in its upcoming bid round, offering 24 exploration blocks in the Mediterranean Sea’s Levant Basin.
Since 2014, international oil companies have renounced a total of 19 exploration blocks in Kurdistan, according to an analysis by the Iraq Oil Report, Reuters said.
Houston-based Tri-Point acquired three oil and gas service companies with strong market positions within their regions, including the Anadarko, Denver-Julesburg, Permian and Eagle Ford basins.
Eight of 10 blocks were awarded during Mexico’s first deepwater round. Mexico expects to hold three more oil and gas auctions before the end of 2018.
Australia-based BHP outbid Britain's BP, the only other company that participated, with a $624 million offer to complement its 4% additional royalty bid, said Mexico's oil regulator, the national hydrocarbons commission (CNH).
Japanese trading house Mitsui & Co. said Dec. 5 it has agreed to buy a 20% stake in four blocks in the U.S. offshore oil and gas fields in the Gulf of Mexico from Shell for an undisclosed amount.
Block 8 West Badr el Din and Block 9 South East Meleiha cover 6,714 square kilometers (2,592 square miles or 1.7 million acres) in total.
If successful, the blocks could generate up to $4 billion worth of investment each, and as much as $11 billion in the case of Trion, Joaquin Coldwell said, citing Pemex estimates.
The divestment is part of Centrica's drive to focus its oil and gas E&P activity on Britain, the Netherlands and Norway, Reuters reported.
The acquired land includes wells and facilities in Raging River’s core Kerrobert and Lucky Hills producing areas in southwest Saskatchewan.