Former Felix Energy executives team up to pursue large-scale, oil-weighted, producing assets. Certain funds managed by Oaktree pledge $600 million in initial equity withan option to invest an additional $300 million.
Petro Rio SA has inked an agreement with BP Energy do Brasil Ltda. on Nov. 19 for the acquisition of interests of 35.7% in the BM-C-30 Block (Wahoo field) and 60% in the BM-C-32 Block (Itaipu field), thus, subject to the necessary approvals, becoming the operator of both pre-salt fields.
Australia-listed Oil Search Ltd. said it plans to launch a formal process for sale of its 15% stake in the Pikka project and other key Alaskan assets in first-quarter 2021.
Nearly $121 million in high bids were placed on blocks offered during the Nov. 18 U.S. Gulf of Mexico lease sale.
Tracker Lario Utica LLC and TLU Royalty Holdings LLC retained EnergyNet for the sale of a 25-well package plus HBP acres in Harrison, Noble and Tuscarawas counties, Ohio, through an auction closing Dec. 18.
VAALCO Energy Inc. has signed a sale and purchase agreement to acquire Sasol Gabon SA 27.8% working interest in the Etame Marin block offshore Gabon, the company said on Nov. 17. In addition, VAALCO is acquiring Sasol’s 40% non-operated participating interest in Block DE-8 offshore Gabon.
CNE Oil & Gas, a subsidiary of Canacol Energy Ltd., and the Colombian arm of Parex Resources Ltd. each placed two bids in an initial auction at the end of October.
The State of Oklahoma has retained EnergyNet to administer the auction of 31 tracts covering 1,608.15 net acres via an online sealed bid sale.