India courts ExxonMobil with upstream offer
The Indian government is trying to persuade ExxonMobil to take stakes in offshore acreage controlled by state-backed Oil & Natural Gas Corporation (ONGC).
acreage
New Zealand offers up fresh round of onshore and offshore acreage
The New Zealand government has put more than 500,000 square kilometres of onshore and offshore acreage up for offer.
Woodside boosts acreage in Africa
Woodside Petroleum has added to its exploration acreage in Africa after gaining interests in Senegal and Guinea-Bissau.
Firm led by former Statoil execs snap up 18,000 acres in Texas
A private equity-backed US oil company led by former Statoil executives has bought 18,000 acres in Texas.
Otto Energy finalises payment for North Slope deal
Otto Energy has made a final payment of $7million to Great Bear Petroleum to earn entry into two area of the Alaskan North Slope acreage. The company’s payment will see it take an 8% share and 10.8% working interest in the assets. Otto said the decision to make the final investment follows extensive due diligence and field trips to the Alaskan North Slope by the company.
Tower Resources signs PSC for Cameroon acreage
Tower Resources has signed a production sharing contract (PSC) on the shallow water Thali offshore Cameroon. The company said the market downturn had provided an opportunity for the company to leverage “lower seismic and drilling costs”. A signing ceremony took place at the offices of the Societe Nationale des Hydrocarbures in the country.