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Acquisitions and Divestitures News

Energean Secures Exploitation License for West Katakolon Offshore Block
Greece >> 11/29/2016 - The Greek Ministry of Energy and Energean Oil & Gas have agreed the conversion of the exploration licence for the proven West Katakolon offshore field to a 25-year exploitation licence with immediate ...
BP Acquire Interests in the Jock Scott & Craster North Sea Exploration Prospects
United Kingdom >> 11/28/2016 - BP announced today that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, in a further demonstration of the organisation’s commitment to the basin. ...
Eni Aiming to Cut Stake in Egypt's Zohr Offshore Gas Find to 50%
Eni Aiming to Cut Stake in Egypt's Zohr Offshore Gas Find to 50% Egypt >> 11/28/2016 - Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said. ...
Shell Considering Selling its Iraq Oil Assets
Iraq >> 11/28/2016 - Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal program, industry sources said. Shell is seeking to slim down its vast oil and g...
Gran Tierra Won Two Acquisitions in Ecopetrol 2016 Round
Gran Tierra Won Two Acquisitions in Ecopetrol 2016 Round Colombia >> 11/28/2016 - Gran Tierra Energy Inc. (GTE) is pleased to announce that the Company submitted winning bids totaling a combined $30.4 million for two blocks which Ecopetrol S.A. (Ecopetrol), Colombia's national oil ...
VAALCO Closes Acquisition of Additional Interest in Etame Marin Permit
Gabon >> 11/28/2016 - VAALCO Energy, Inc. has closed on the purchase of an additional 3.23% participating interest (2.98% working interest) in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Et...
Atlantic Petroleum Requests JOC Meetings on UK Orlando & Kells Fields
United Kingdom >> 11/27/2016 - Atlantic Petroleum has issued notices to Iona Energy Company (UK) (in administration) that it requests that special meetings of the Joint Operating Committees of UK Licenses P.1606 and P.1607, the Orl...
Norway Government May Raise Stake in Dvalin Gas Field Development
Norway >> 11/27/2016 - The Norwegian government may further raise its stake in the Dvalin natural gas field development, which is expected to start producing in 2020, the country's oil ministry said on Friday. ...
Shell in Talks over Gabon Sale as it Seeks to Hit Divestment Target
Gabon >> 11/25/2016 - Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was complete...
BP Buys 10% Interest in Egypt’s Super Giant Zohr Gas Field
BP Buys 10% Interest in Egypt’s Super Giant Zohr Gas Field Egypt >> 11/25/2016 - BP has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s ...
Po Valley Wins Large Offshore Preliminary Production Concession
Italy >> 11/24/2016 - Po Valley Energy Ltd - the Australian oil & gas exploration, development and production company with expanding interests in Northern Italy - is pleased to announce a further significant development in...
African Petroleum Relinquishes Blocks LB-08 & LB-09
Liberia >> 11/23/2016 - African Petroleum Corporation Limited (African Petroleum), an independent oil and gas exploration company operating high impact exploration licences offshore West Africa, announces that the production...
NISOC to Sign Contracts, MoUs with Intl. Companies
Iran >> 11/23/2016 - Director of the Technical Affairs Department at National Iranian South Oil Company (NISOC) Hamid Deris said on Wednesday that in the weeks to come, several Memoranda of Understanding (MoUs) for cooper...
Lion Energy increases interest in South Block A PSC
Indonesia >> 11/23/2016 - Lion Energy has increased its interest in the South Block A PSC. Lion, in conjunction with Operator REE, have exercised their rights to defaultProsys Oil & Gas International (POGI). POGI’s 14% inte...
Sanchez Production Partners Closes Acquisition of Assets from Sanchez Energy
United States >> 11/22/2016 - Sanchez Production Partners LP (SPP) has closed on the previously announced definitive agreement to acquire a 50 percent interest in Carnero Processing, LLC (“Carnero Processing”) from Sanchez Energy ...
Union Jack Oil Completes Acquisition of Interest in PEDL180 & 182
United Kingdom >> 11/22/2016 - Further to the announcement of 27 September 2016, Union Jack Oilhas announced that the Oil and Gas Authority ('OGA') has now approved the acquisition by Union Jack of a further 3.34% interest in PEDL1...
Statoil Completes Acquisition of Offshore License BM-S-8
Brazil >> 11/22/2016 - Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s Santos basin. BM-S...
PGS to Carry Out a Private Placement of New Ordinary Shares for Gross Proceeds of USD 225 Million
Norway >> 11/22/2016 - Petroleum Geo-Services ASA (PGS) intends to carry out a private placement of new ordinary shares for gross proceeds of ~NOK 1.9 billion (~USD 225 million) (the "Private Placement"). Subject to complet...
Concho Resources Inc. Announces Acquisition of Northern Delaware Basin Assets
United States >> 11/21/2016 - Concho Resources Inc. (CXO) has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million. The acquired acre...
Sunoco Logistics to Buy Energy Transfer Partners
United States >> 11/21/2016 - Pipeline companies Sunoco Logistics Partners LP and Energy Transfer Partners (ETP), both of which are controlled by general partner Energy Transfer Equity LP, said on Monday they would combine in a co...

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