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Acquisitions and Divestitures News

New Exploration Award Secures on the Norwegian Continental Shelf
New Exploration Award Secures on the Norwegian Continental Shelf Norway >> 1/14/2020 - The Norwegian Ministry of Petroleum and Energy offers 69 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2019 (APA 2019). ...
Equinor Awarded 23 New Licences on the Norwegian Continental Shelf
Norway >> 1/14/2020 - Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner...
Jadestone Energy Announces Award of Damages in Respect of Philippines Arbitration
Philippines >> 1/9/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announces an award of monetary damages, plus a portion of the legal costs and expenses, as a re...
Wintershall Dea Sells Concessions in Southern Germany
Germany >> 1/9/2020 - Wintershall Dea has entered into an agreement with RDG GmbH & Co. KG (“RDG”) to sell its operated participating interests in certain oil concessions mainly located in Southern Germany. The concessions...
Central Appoints Leading Financial Advisor for Farm-Out
Australia >> 1/8/2020 - Central Petroleum Limited (CTP) (“Central”) announces that it has appointed Flagstaff Partners Pty Ltd (Flagstaff Partners) as its advisor for the farm-out of its CY2020 Exploration Programme explorat...
Proposed UK North Sea Acquisitions, Underwritten Financing
United Kingdom >> 1/7/2020 - Premier is pleased to announce the proposed acquisitions of the Andrew Area and Shearwater assets from BP for US$625 million, and an additional 25 per cent. interest in the Premier operated Tolmount A...
Navitas Petroleum to Farm in for a 30 % Interest in Sea Lion Project
Falkland Islands >> 1/7/2020 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that Rockhopper and Premier Oil Exploration ...
Tap Oil & JV Partners Agreed To Jointly Surrender Interests in WA-34-R
Australia >> 1/6/2020 - Tap Oil Limited (TAP) (Tap or the Company) advises that its 100% owned subsidiary, Tap Bonaparte Pty Ltd, and joint venture partners in the WA-34-R Joint Venture have agreed to jointly surrender their...
Pandion Energy Completes Sale of Duva Interest to Solveig Gas
Norway >> 12/31/2019 - Pandion Energy AS and Solveig Gas Norway AS have completed their previously announced transaction, whereby Pandion Energy has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas...
Exxonmobil Secures Exploration Acreage Offshore Egypt
Exxonmobil Secures Exploration Acreage Offshore Egypt Egypt >> 12/30/2019 - ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. ...
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea Egypt >> 12/29/2019 - Minister of Oil and Mineral Wealth Tarek el Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for ...
Petronas Completes Acquisition in Brazil
Brazil >> 12/29/2019 - PETRONAS’ subsidiary, PETRONAS Petroleo Brasil Ltda. (PPBL) on 28 December 2019 announced the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing f...
First Acquisition in Africa
Congo >> 12/27/2019 - Zenith Energy Ltd., has signed a conditional share purchase agreement ("SPA") with AIM quoted Anglo African Oil & Gas plc ("AAOG") for the acquisition of an 80 percent interest in AAOG's fully owned s...
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt Egypt >> 12/24/2019 - Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, have signed a Production Sharing Agreement for the South Ea...
Total Acquired a 50% Interest in Block 58 Offshore Suriname
Total Acquired a 50% Interest in Block 58 Offshore Suriname Suriname >> 12/23/2019 - Total has signed an agreement with Apache Corporation to acquire a 50% working interest and operatorship in the highly prospective Block 58 offshore Suriname, further expanding Total’s footprint in th...
East Irish Sea Licence Acquisition
United Kingdom >> 12/23/2019 - The Board of Oilex Limited is very pleased to announce that it has entered into a binding term sheet with Burgate Exploration and Production Ltd (“Burgate”), to acquire a 100% participating interest ...
Beach Energy Reached Agreement to Acquire Interest in PEP50119 Permit
New Zealand >> 12/19/2019 - Beach Energy Ltd (ASX: BPT, Beach) advises that it has reached agreement with OMV GSB Limited (OMV) to acquire a 30% participating interest in exploration permit PEP50119 in the Great South Basin, of...
Tullow Formalises its Back-in Right to Dussafu PSC Offshore Gabon
Gabon >> 12/18/2019 - Tullow Oil Gabon S.A. has formalised its longstanding and previously disclosed 10% back-in right to the Dussafu Production Sharing Contract (“PSC”). ...
New UKCS Licence Award
United Kingdom >> 12/18/2019 - Serica Energy plc (SQZ) is pleased to announce that its wholly owned subsidiary, Serica Energy (UK) Limited, has received an Out of Round award of a 100% interest in the UK petroleum licence P2501, bl...
NOVATEK Won the South-Yamburgskiy & the East-Ladertoyskiy Licenses
Russia >> 12/17/2019 - PAO NOVATEK (NOVATEK) announced that NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Yamburgskiy subsoil a...

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