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Acquisitions and Divestitures News

Faroe Petroleum Announces Farm-in to Azinor Catalyst's UKCS Agar/Plantain Well
United Kingdom >> 8/14/2018 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has farmed into the UK Cont...
Exxon Mobil Farms in to PEL 44, Offshore Namibia
Namibia >> 8/14/2018 - Azinam Limited, the Seacrest Capital Group-backed Namibian explorer, is pleased to announce that ExxonMobil Namibia (PEL44) Limited, an affiliate of Exxon Mobil Corporation, has entered into an agreem...
Eni Granted New Exploration License Offshore Egypt
Eni Granted New Exploration License Offshore Egypt Egypt >> 8/14/2018 - Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian auth...
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert Egypt >> 8/13/2018 - Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is ...
Petronas Acquires 30% in Senegal’s Rufisque Offshore Profond Block
Senegal >> 8/13/2018 - PETRONAS through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with TOTAL E&P Senegal SAS, a subsidiary of TOTAL, to acquire a 30% participating interest in the Rufisque Offshore ...
Neptune Energy Agrees to Acquire UK Central North Sea Assets
United Kingdom >> 8/13/2018 - Neptune Energy Group (“Neptune”) has entered into a Sale and Purchase Agreement to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited (“ANSL”)...
Cenovus Reaches Agreement to Sell Pipestone Business for $625 Million
Canada >> 8/9/2018 - Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alb...
Calima Energy Completes Montney Farm-in Transaction
Canada >> 8/8/2018 - Calima Energy Limited has advised that following the successful completion of the takeovers of TSV Montney Ltd (“TSVM”) and TMK Montney Ltd (“TMKM”), the Company will own a 100% working interest in 72...
Serica Energy Acquires Total E&P's Interests in the Bruce and Keith Fields
United Kingdom >> 8/3/2018 - Serica Energy has signed a Sale and Purchase Agreement to acquire further interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea from Total E&P UK. Under the SPA, Se...
Vanguard Natural Resources Announces Additional Asset Divestitures
United States >> 8/2/2018 - Vanguard Natural Resources, Inc. has closed the sale of its ownership in natural gas properties and associated midstream assets in the Potato Hills field in the Arkoma Basin for gross proceeds of $22....
ConocoPhillips Sells Barnett Assets to Lime Rock Resources
United States >> 8/2/2018 - ConocoPhillips has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this tr...
Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021
Indonesia >> 8/1/2018 - PT Pertamina (Persero) welcomes the decision of the Government through the Ministry of Energy and Mineral Resources (ESDM) to entrust the management of the Rokan Block to PT Pertamina (Persero). This ...
Upland Resources Acquired New Permit in Tunisia
Tunisia >> 8/1/2018 - Upland Resources Limited (UPL) is pleased to announce that its application for an exclusive licence for hydrocarbon exploration and appraisal in onshore northern Tunisia has been accepted by the Hydro...
Siemens Strengthens Its Digital Enterprise Leadership
Germany >> 8/1/2018 - Siemens has signed an agreement today to acquire mendix, a pioneer and leader in cloud native low code application development. Under the agreement, Siemens will pay in cash €0.6 billion to acquire th...
Aker BP Acquires Licence Portfolio from Total
Norway >> 7/31/2018 - Aker BP has entered into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licences on the Norwegian Continental Shelf for a cash consideration of USD 205 million. The po...
Petrofac To Sell 49% Of Mexican Operations
Mexico >> 7/30/2018 - British oilfield services provider Petrofac Ltd had agreed to sell 49 percent of its operations in Mexico to Perenco (Oil & Gas) International Ltd, as it prepares to scale back oil and gas production....
Amerisur Signed Farm in Agreement with Gulfsands for Putumayo 14 Acquisition
Colombia >> 7/30/2018 - Amerisur Resources Plc is pleased to announce that it has signed a farm in agreement (FIA) with Gulfsands Petroleum Plc for the acquisition, subject to Agencia Nacional de Hidrocarburos (ANH) approval...
BP Acquires World-class Unconventional Assets from BHP
United States >> 7/26/2018 - Acquisition accretive to earnings and cash flow, delivered within existing financial frame. Company increases dividend for first time in 15 quarters. ...
Chesapeake Energy Agrees to Sell Utica Shale Position for USD2.0 billion
United States >> 7/26/2018 - Chesapeake Energy Corporation has entered into an agreement to sell its interests in the Utica Shale operating area located in Ohio for approximately $2.0 billion to Encino Acquisition Partners, a pri...
South Sudan Terminates Petroleum Licence Talks with Total
South Sudan >> 7/25/2018 - South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on Wednesday, paving the way for other investors keen on exploring the vast ar...

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