InterOil Corp. and Total E&P PNG Ltd. have agreed that Total will become operator of Petroleum Retention License 15 (PRL 15) in the Gulf Province of Papua New Guinea.

P/F Atlantic Petroleum’s board of directors has authorized the company's management team to explore a range of strategic alternatives to further enhance shareholder value. Pareto Securities AS has been engaged as the company's financial advisors in this process.

Cooper Energy Ltd. has signed a Heads of Agreement (HoA) with O-I Australia defining the key terms for the sale of gas from the Sole gas field in the Gippsland Basin, Australia.

Afren Plc’s board of directors has decided to put the company into administration after the company failed to secure support for a refinancing and restructuring plan.

Parsley Energy Inc. has appointed Brad Smith as Parsley’s vice president of corporate strategy and investor relations, effective Aug. 1.

Sempra Energy's Mexican subsidiary, Infraestructura Energética Nova, SAB de CV (IEnova), has agreed to purchase Pemex's 50% equity interest in the Gasoductos de Chihuahua joint venture for $1.325 billion, plus the assumption of approximately $170 million in net debt. 

Chestnut Ridge Storage LLC, owned by affiliates of eCORP International LLC and financial partners, is conducting a nonbinding open season for natural gas storage capacity and deliverability to be offered at the Junction Natural Gas Storage Facility, when completed.

Enhanced Oil Resources Inc. has appointed Rick D. Powers as the company's vice president, CFO, and treasurer. Powers replaces W. Kyle Willis, who has elected to retire.

Halliburton has certified compliance with the US Department of Justice’s request for additional information (second request). Baker Hughes previously certified compliance with its second request on July 14.

Oil production from the Bakken and Eagle Ford shale plays increased marginally in June vs. May, according to Bentek Energy, an analytics and forecasting unit of Platts.