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Acquisitions and Divestitures News

Maha Energy Acquires Onshore Producing Properties in the Illinois Basin
United States >> 4/1/2020 - Maha Energy AB (“Maha”) is pleased to announce that its wholly owned subsidiary Maha Energy (US) Inc (“Maha US”) has entered into an agreement to acquire certain oil producing assets in the Illinois B...
Petrobras on E&P Assets in the Santos Basin
Brazil >> 3/31/2020 - Petrobras, following up on the release dated 02/27/2020, announces the beginning of the binding phase referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the sha...
Tower Resources Announces Farm-out Update
Cameroon >> 3/30/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to announce updates in respect of its Thali Production Sharing Contract ("PSC") in Cameroon, conducted thro...
Whitebark Terminates Wizard Lake Oilfield Residual Interest Acquisition Agreement
Canada >> 3/30/2020 - As announced on 18 December 2019, the acquisition of the Wizard Lake assets would proceed in stages. Stage 1 was completed on 23 December 2019 with SBE moving to 60% ownership1. WBE/SBE has the right ...
Shell Exits Proposed Lake Charles LNG Project
United States >> 3/30/2020 - Given current market conditions, Shell announces it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer will take over as the project develo...
Block Energy Acquires 2 Adjacent Blocks from Schlumberger
Georgia >> 3/26/2020 - Block Energy Plc has entered into a sale and purchase agreement ("SPA") with Schlumberger B.V. to acquire its subsidiary Schlumberger Rustaveli Company Limited ("SRCL")("the Acquisition"). Of the thre...
3D Oil Nears Completion of Farm out of T/49P to ConocoPhillips Australia
Australia >> 3/26/2020 - 3D Oil has announced that ConocoPhillips Australia and TDO’s wholly owned subsidiary, 3D Oil T49P have executed a Joint Operating Agreement ('JOA') in relation to the offshore Tasmanian Permit T/49P w...
Real Energy & Strata X Granted Project Venus Permit ATP2051
Australia >> 3/26/2020 - Real Energy, an Australian east coast focused gas company with interests in the Cooper and Surat Basins has announced that the Queensland Government has officially granted title to Project Venus permi...
Renegotiation of Tilapia acquisition
Congo >> 3/24/2020 - Zenith Energy Ltd., has entered into a conditional Deed of Variation (the "Deed of Variation") to amend the terms of the consideration (the "Consideration") payable for the acquisition of an 80 per ce...
Impact of COVID-19
Falkland Islands >> 3/19/2020 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, provides the following update in response to current market uncerta...
Petrobras on E&P Assets in the Espirito Santo Basin
Brazil >> 3/18/2020 - Petrobras, following up on the release dated 01/15/2020, announces the beginning of the binding phase regarding the sale of its entire interest in two sets of offshore concessions, called Golfinho Clu...
Gulf of Mexico Lease Sale Yields more than $93m in High Bids
United States >> 3/18/2020 - In support of President Donald J. Trump's America-First Offshore Energy Strategy, Bureau of Ocean Energy Management announced that region-wide Gulf of Mexico Lease Sale 254 generated $93,083,453 in hi...
Santos to Sell 25% Interest in Darwin LNG & Bayu-Undan to SK E&S
Australia >> 3/12/2020 - Santos had agreed to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for US$390 million with effect from 1 October 2019 with customary adjustments on completion.[1] Santos also receives the...
Zenith Provides Update on Acquisitions
Congo >> 3/12/2020 - Zenith Energy Ltd., the international oil & gas production company, provides the following update in view of the recent volatility in oil prices and financial markets.

As announced to the ...
G1/48 Concession Gulf of Thailand Joint Venture Restructuring
Thailand >> 3/12/2020 - Tap Oil Limited provides the following update on the joint venture over the G1/48 Concession in the Gulf of Thailand (Concession), which includes the Manora Oil Field Production Area and is operated b...
Armour Energy & Australia Pacific LNG JV Awarded PL1084
Australia >> 3/11/2020 - Armour Energy Limited is pleased to announce that the Queensland Department of Natural Resources, Mines and Energy (DNRME) has now granted a Petroleum Production Licence No.1084 (PL1084) over the form...
Union Jack Acquires Additional 35% Interest in Keddington Oil Field
United Kingdom >> 3/9/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce the acquisition of an additional 35% economic interest in PEDL005(R) contain...
International Petroleum Completes Acquisition of Light Oil Assets
Canada >> 3/6/2020 - International Petroleum Corp has announced the closing of the previously announced acquisition of Granite Oil Corp. The Acquisition includes total proved plus probable ('2P') reserves of 14.0 million ...
Hurricane Provides GWA Joint Venture Agreements Update
United Kingdom >> 3/6/2020 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an update in relation to the commercial arrangements with i...
Echo Energy Provides Operational & Corporate Update
Argentina >> 3/6/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides an update on producon and operations following the Company's recent acquisition of a 70% non-operated working interest ...

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