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Acquisitions and Divestitures News

Talos Is the Apparent High Bidder on Two Federal Lease Sale Blocks
United States >> 11/20/2020 - Talos Energy Inc. ("Talos") (TALO) announced that it is the apparent high bidder on two deepwater blocks in the recent Outer Continental Shelf ("OCS") Federal Lease Sale 256, held on November 18, 2020...
Rosneft Approves the Sale of 10% Stake in Vostok Oil to Trafigura
Russia >> 11/18/2020 - Rosneft has approved the sale of 10% in the charter capital of Vostok Oil to Trafigura. ...
Jadestone Energy Announces Voluntary Relinquishment of Philippines SC56
Philippines >> 11/18/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announces the voluntary relinquishment and termination of Service Contract 56 (“SC56”), offshor...
Petrobras Starts Non-binding Phase of Albacora and Albacora Leste
Brazil >> 11/17/2020 - Petrobras, following up on the release disclosed on September 25, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste conces...
VAALCO Announces Transformational Acquisition of Additional Interest at Etame Block
Gabon >> 11/17/2020 - VAALCO Energy, Inc. has signed a sale and purchase agreement (“SPA”) to acquire Sasol Gabon S.A.’s (“Sasol’s”) 27.8% working interest(1) in the Etame Marin block offshore Gabon. Since VAALCO currently...
Petro-Victory Announces Sale of Non-Operated Assets & Board Changes
Brazil >> 11/11/2020 - Petro-Victory Energy Corp. has entered into a binding Purchase and Sale agreement with EnP Ecossistemas Energéticos Holdings S.A ("EnP") for the sale of non-operated assets held by the Company for a c...
FAR Senegal Sale Announcement
Senegal >> 11/11/2020 - FAR Limited announces that together with its wholly owned subsidiaries FAR Senegal RSSD SA and FAR Holdings 1 Pty Ltd (collectively "FAR"), it has entered into an RSSD Sale and Purchase Agreement with...
Petrobras on Partial Overturn of Arbitral Award
Brazil >> 11/11/2020 - Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Cou...
Zenith Energy Announces Termination of Exploration in Azerbaijan
Azerbaijan >> 11/10/2020 - Zenith Energy Ltd. (Zenith) (ZENA-ME) announces that, in agreement with SOCAR (State Oil Company of the Azerbaijan Republic), the Contract Exploration Area ("CEA") of its 25-year REDPSA (Rehabilitatio...
Tethys Oil Farms out Oman Block 49 to EOG Resources
Oman >> 11/10/2020 - Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar Ltd, has entered into an agreement with EOG Resources Oman Block 49 Limited (“EOG”), a wholly owned subsidiary of EOG Resources, Inc...
Tullow Completes $575M Sale of Uganda Assets to Total
Uganda >> 11/10/2020 - Tullow Oil plc (Tullow) is pleased to announce that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a furt...
Zenith Energy Announces Termination of LOI
Tunisia >> 11/10/2020 - Zenith Energy Ltd. (Zenith) (ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, announces that it has terminated the non-binding Le...
Karoon Energy Completes Bauna Acquisition
Brazil >> 11/9/2020 - Karoon Energy Ltd (Karoon) is pleased to announce that its wholly owned subsidiary, Karoon Petroleo & Gas Ltda. (Purchaser), has completed the acquisition of a 100% operating interest in the Bauna fie...
88 Energy Limited Announces Peregrine Farm-Out Progresses
United States >> 11/9/2020 - 88 Energy Limited ("88 Energy" or the “Company", 88E) is pleased to provide the following update related to the farm-out at its Project Peregrine, on the North Slope of Alaska.

Highl...
Scarborough Joint Venture to Accept Production Licenses
Australia >> 11/9/2020 - The Scarborough Joint Venture has received offers for the grant of petroleum production licences in respect of the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles from the Commonwealth an...
Var Energi Acquires Olympic Energy & Troms Sirius
Norway >> 11/9/2020 - Var Energi acquires Olympic Energy and Troms Sirius for service in the North Sea. Work on acquiring two new vessels to support Var Energi’s operations in the North Sea began in October. ...
Purchase of SA Killanoola Oilfield from Beach and Capital Raise
Australia >> 11/6/2020 - Highlights
• Red Sky enters a conditional sale and purchase agreement to acquire Beach Energy’s interests in the Killanoola oil project (“Killanoola”), comprising a 100% interest in PRL 13.
...
Hess Completes Sale of Interests in Shenzi Field, Gulf of Mexico
United States >> 11/6/2020 - Hess Corporation has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP, the field’s operator, for a total consideration of ...
Petrobras Concludes the Sale of Bauna Field
Brazil >> 11/6/2020 - Petrobras, following up on the releases disclosed on 07/24/2020 and 07/28/2020, informs that it has concluded the sale of its entire stake in the Baúna field (BM-S-40 concession area), located in sha...
Sale of Interest in the Manati Field
Brazil >> 11/5/2020 - Petro Rio S.A.has signed binding documents with Gas Bridge SA (“Gas Bridge”), concerning the sale of the 10% interest held by the Company in the Manati Field ("Field" or “Manati”). ...

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