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Aker Energy said the proposed transaction, which is subject to approval from Ghanaian authorities, gives it a 50% stake in the ultradeepwater Tano Cape Three Points block which holds an estimated 550 million barrels of oil equivalent and has the potential for a further 400 million barrels.
The Interior Department said it would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida, an auction that includes all available unleased areas in the Gulf of Mexico.
Democratic Republic of Congo’s oil minister on Feb. 15 defended the country’s right to explore for oil anywhere on its territory after media reports that President Joseph Kabila approved drilling in Africa’s largest tropical rainforest reserve.
At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete.
Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.
Woodside said on Feb. 14 it had agreed to pay $744 million for ExxonMobil Corp.’s 50% stake in the Scarborough Field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
Chevron Corp. operates the Erawan Field while state-owned PTTEP operates the Bongot Field under licenses which are set to expire in 2022 and 2023, respectively.
California’s plan to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the most forceful step yet by coastal states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing.
The Brazilian government could launch a mega-auction in June, but it needs to resolve issues regarding valuation of reserves first.
ConocoPhillips will gain 100% working interest in its 1.2-million-acre North Slope position after buying out nonop stakeholder Anadarko Petroleum.
The French major said it was buying a 35% working interest in the Canje Block in an agreement signed with an affiliate of Canadian company JHI Associates Inc. and Guyana-based Mid-Atlantic Oil & Gas Inc.