Chevron has named James W Jay Johnson as the new executive Vice President, Upstream. He will replace George L. Kirkland, effective 16-Jun-2015.
Lime Petroleum has signed an agreement with Skagen44 to acquire an additional 10% stake in PL616 in the North Sea. The PL616 license is located in the southern part of the North Sea on the borders of Denmark and the UK, in water depth of some 67m.
Reliance Industries has signed a PSC with Myanma Oil & Gas Enterprise for M17 and M18 blocks, located offshore Myanmar. The blocks are located in the Tanintharyi Basin of Myanmar in water depths of upto 3000 ft. They encompassed a total area of 27,600 sq km.
Sanchez Production Partners (SPP) has acquired from Sanchez Energy wellbore and associated interests in certain producing oil and gas wells in the non-operated Palmetto field in Eagle Ford, for approximately $85 million.
Petrobras announced the sale of assets in the Austral Basin in the Santa Cruz province in Argentina for $101 million to Compañia General de Combustibles S.A. (OTC:CGC). The assets sold include 26 onshore exploration production concessions, with an average production of 15 MBOE/d.