Inpex Corp., through its wholly owned subsidiary, Inpex Offshore South West Sabah Ltd., has reached an agreement to transfer 10% of its participating interest in Deepwater Block R to Santos Sabah Block R Ltd., a subsidiary of Santos Ltd.

Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Co. (ADNOC), granting Total a 10% participating interest effective Jan. 1.  

Eclipse Resources Corp. has closed its private placement of 62,500,000 shares of common stock. The shares were sold to selected institutional and accredited investors, including affiliates of EnCap Investments LP and entities controlled by members of the company’s management team, at a price of...

Kinder Morgan has acquired 121 Point Breeze Terminal LLC, owner of a refined petroleum products terminal serving the US Mid-Atlantic region.

Alta Mesa Holdings LP has terminated a purchase and sale agreement with ReOil Eagle I LLC related to the divestiture of Alta Mesa's Eagle Ford shale play assets.

Apco Oil and Gas International Inc. has completed its merger with Pluspetrol Black River Corp., a wholly owned subsidiary of Pluspetrol Resources Corp., in an all-cash transaction with an equity value of approximately $427 million.

In a statement, the company called the move ‘a corporate restructuring’ resulting in the closing of the company’s Oklahoma City regional office, as well as a headcount reduction in the Tulsa and Midland offices.

Oil and gas giant Chevron Corp. has set its 2015 capital and exploratory investment budget at $35.0 billion.

The recent uptick in gas-directed rigs illustrates the capital allocation optionality and potential value available to some North American exploration and production companies, according to Fitch Ratings.