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Acquisitions and Divestitures News

Agreement Signed on Expansion of Iran's Balal Gas Field
Agreement Signed on Expansion of Iran's Balal Gas Field Iran >> 9/15/2019 - In the course of the ceremony held for concluding the contract for development of Balaal Gas Field, the Managing Director of Petropars Group stated, “Notwithstanding the fact that the contract value o...
Sterling Energy Granted Extension of the Odewayne PSA
Somalia >> 9/13/2019 - Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement ('PSA'). ...
GeoPark Awarded Four New Exploration Blocks in Brazil
Brazil >> 9/12/2019 - GeoPark has announced the expansion of its portfolio with four new exploration blocks in the Reconcavo and Potiguar basins in Brazil. ...
Lion Energy & Gulf Petroleum Agree Termination of Seram (Non Bula) PSC SPA
Indonesia >> 9/12/2019 - Lion Energy previously announced on December 12, 2018 that it entered into a conditional sale and purchase agreement ('SPA') with Gulf Petroleum Investment Company ('GPI') to acquire GPI’s 16.5% stake...
Petro-Victory Energy Awarded 16 New Oil Concessions in Brazil
Brazil >> 9/11/2019 - Petro-Victory Energy Corp. is delighted to announce that following successful participation and bidding in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (“ANP”) Oferta Perma...
Brazil’s First Permanent Bidding Round Awarded
Brazil >> 9/10/2019 - The ANP held the public session of the 1st Cycle of the Permanent Offer, which was attended by the Minister of Mines and Energy, Bento Albuquerque, ANP directors and other authorities. ...
Sale of New Age Interest In Marine XII Licence
Congo >> 9/9/2019 - New Age (African Global Energy) Limited announces that its subsidiary New Age M12 Holdings Limited has completed the sale of its 25% non-operated interest in the Marine XII Licence to LUKOIL Upstream ...
W&T Offshore Completes Acquisition of Producing Properties in GoM
United States >> 9/3/2019 - W&T Offshore, Inc. (WTI) (W&T) announced that it has closed the previously-announced purchase of ExxonMobil Corporation’s (ExxonMobil) interests in and operatorship of oil and gas producing propertie...
Concho Resources Sells New Mexico Shelf Assets for $925M
United States >> 9/3/2019 - Concho Resources Inc. (CXO) (Concho) announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf (the “Shelf”) to an affiliate of Spur Energy Partners LLC for ...
Petrobras Announces Sale of E&P Assets in Campos Basin
Brazil >> 9/2/2019 - Following the announcement of 08/09/2019, Petrobras announces the beginning of the binding phase of the sale process of all its interests in 11 production fields located in shallow waters in the Campo...
INPEX Enters Into New Production Sharing Contracts with the Timor-Leste Government
Australia >> 9/2/2019 - INPEX CORPORATION (INPEX) has, through its subsidiaries, entered into new production sharing contracts (PSC) with the government of Timor-Leste governing its projects in the former Joint Petroleum D...
Joint Update with OPL 310 Operator
Nigeria >> 8/30/2019 - LEKOIL, the Africa-focused oil and gas exploration, development and production company, is pleased to announce it has reached a resolution with Optimum Petroleum Development Company ("Optimum"), its p...
NOVATEK Obtains The Soletsko-Khanaveyskoye Field
Russia >> 8/30/2019 - PAO NOVATEK announced that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye ...
Equinor Completes Sale of Shares in Lundin Petroleum
Norway >> 8/30/2019 - Equinor and Lundin have completed both parts of the transaction announced on 7 July 2019. This follows all transaction conditions being met, including government and regulator approvals. ...
Termination of the Agreement with Tullow
Uganda >> 8/29/2019 - On January 9, 2017, Total and Tullow entered into a Sale and Purchase Agreement (SPA) whereby Total would acquire 21.57% out of Tullow’s 33.33% interest in the Lake Albert licenses. CNOOC exercised it...
Exploitation of Flank License Blocks is Leading to Further Expansion
Russia >> 8/29/2019 - Gazprom Neft has, for the first time, acquired geological prospecting licenses for flank blocks at developed fields — these new blocks, the Sverdlovsky 4 and Yuzhno-Zimny, being located in the Sverdlo...
Total Strengthens Its International Partnership with Qatar Petroleum
Namibia >> 8/27/2019 - Total and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana a...
BP to Sell Alaska Business to Hilcorp
United States >> 8/27/2019 - BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in th...
Diversified Gas & Oil Acquires Natural Gas Gathering Systems
United States >> 8/27/2019 - AIM-listed Diversified Gas & Oil, the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, has entered into binding agreements to acquire two s...
BP to Sell Alaska Business to Hilcorp
United States >> 8/27/2019 - BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a tota...

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