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Acquisitions and Divestitures News

Ophir Energy Sells Offshore Mexico Block 5 Interest to Existing Partners
Mexico >> 5/16/2019 - Ophir Energy has signed a Sales and Purchase Agreement ('SPA') relating to the sale of its 23.33% interest in Block 5 (Cuenca Salina), offshore Mexico, to the existing partners in the Block 5 explorat...
Vintage Energy Farms out Bonaparte Basin EP126 Permit to Firetail
Australia >> 5/14/2019 - Vintage Energy has executed a binding Heads of Agreement with Firetail Energy Services for it to become a joint venture partner in the EP126 permit (onshore Bonaparte Basin, Northern Territory). Under...
Equinor Acquires Shell's Interest in the Caesar Tonga Oil Field in GoM
Mexico >> 5/13/2019 - Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. This ...
Columbus Energy Announces Grant of Bonasse Licence Area
Trinidad and Tobago >> 5/13/2019 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to announce that it has been granted a Private Petroleum Licence for ...
Sonoro Energy Awarded Selat Panjang PSC
Indonesia >> 5/8/2019 - Sonoro Energy has announced that along with its Indonesian partner Menara Global Energi, an affiliate of a substantial Indonesian company, it has been awarded the Selat Panjang PSC in the 2019 Convent...
African Petroleum Responds to Media Articles Re Gambia Block A1
Gambia >> 5/1/2019 - African Petroleum notes recent media articles stating that BP has signed an agreement with the Gambian government in relation to Block A1 in The Gambia. The Company continues to reserve its rights in ...
Shell U.K. Limited Exercises Option on P2437
United Kingdom >> 4/30/2019 - Cluff Natural Resources Plc is pleased to announce that Shell U.K. Limited (“Shell”) has exercised its exclusive option under the option agreement dated 8 February 2019 between the Company and Shell ...
Interoil Acquires Petroleum Concessions in Argentina
Argentina >> 4/30/2019 - Interoil Exploration and Production has entered into an agreement to acquire majority interests in one exploration and two production concessions in Argentina for a total consideration of USD 13 milli...
Anglo African Secures Tilapia License Renewal
Congo >> 4/30/2019 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce the receipt of a letter from the Government of the Republic of the Congo signed by the Minister of Hydrocarbon...
CNOOC Signs Petroleum Contract with PetroChina
China >> 4/24/2019 - CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. ...
ExxonMobil Acquires More Exploration Acreage Offshore Namibia
Namibia >> 4/24/2019 - ExxonMobil will increase its exploration acreage in Namibia with the addition of approx. 7 million net acres (28,000 sq kms) following the signing of an agreement with the government of Namibia and th...
Duke Energy Completes Acquisition of California Solar Plant
United States >> 4/23/2019 - Duke Energy Renewables, a subsidiary of Duke Energy, announced it has acquired the 150-megawatt (MW) North Rosamond solar project in Kern County, California from Clearway Energy Group. The North Rosam...
ConocoPhillips Enters Agreement to Sell UK E&P Subsidiaries
United Kingdom >> 4/18/2019 - ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together...
Eni Signs Offshore Exploration & Production Sharing Agreement
Eni Signs Offshore Exploration & Production Sharing Agreement United Arab Emirates >> 4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement. The agreement was signed between Eni and Nis...
Completion of Acquisition of interest in Lidsey Licence
United Kingdom >> 4/18/2019 - Angus Energy is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Doriemus Plc's 20% interest in the Lidsey Licence, P...
Equinor Wins Seven Exploration Blocks Offshore Argentina
Argentina >> 4/17/2019 - Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...
Qatar Petroleum Wins 5 Exploration Blocks Offshore Argentina
Qatar Petroleum Wins 5 Exploration Blocks Offshore Argentina Argentina >> 4/16/2019 - Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. ...
Europa Sells Interest in PEDL143 to UKOG
United Kingdom >> 4/16/2019 - Europa Oil & Gas (Holdings) plc, the UK and Ireland focused exploration, development and production company, is pleased to announce it has conditionally agreed to sell its 20% interest in UK onshore l...
Gazprom Neft Begins Developing Achimov Strata & Oil-Rim Deposits
Russia >> 4/16/2019 - Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yam...
Schlumberger Conversion to Direct Licence Position
Morocco >> 4/16/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that the process to convert Schlumberger's existing 27.5% interest in the Anoual permits to a direct 27.5% licence posit...

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