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Acquisitions and Divestitures News

Premier Provides Update on Proposed Acquisitions and Creditor Agreements
United Kingdom >> 7/2/2020 - Premier is pleased to announce that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets (together, the “BP acquisitions”) under the amended terms. The BP Acqui...
Mosman Announces Placing to Raise GBP400,000
United States >> 7/2/2020 - Mosman Oil and Gas Limited has undertaken a placing to raise £400,000 (before expenses) by the issue of 500,000,000 new ordinary shares (the "Placing Shares"), at a placing price of 0.08p (the "Placi...
Sasol Sells 10% Stake in Escravos GTL Plant in Nigeria to Chevron
Nigeria >> 7/2/2020 - Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nigeria to Chevron. ...
Advantage Closed Glacier Gas Plant Transaction for $100M
Canada >> 7/2/2020 - Advantage Oil & Gas Ltd. has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("Topaz") and received $100 million cash proceeds (see...
Clariant Completes the Sale of its Masterbatches Business to PolyOne for $1.6B
Switzerland >> 7/1/2020 - Clariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its entire Masterbatches business to PolyOne. The enterprise value of the sale, which consists of sepa...
TAQA Completes Transaction to Create One of the Largest Utility Companies in EMEA
United Arab Emirates >> 7/1/2020 - Abu Dhabi National Energy Company (TAQA) announced the successful completion of its transaction with Abu Dhabi Power Corporation (ADPower), creating one of the largest utility companies in the Europe,...
Tower Announces Extension of Loan Facility
Cameroon >> 7/1/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, announces a further extension of its Loan Facility ("Facility") of US$750,000. ...
Tower Resources Provides Financing Update
Cameroon >> 6/30/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to provide an update regarding the farm-out process in respect of its Thali production-sharing contract (t...
Ruvuma Farm-Out Update
Tanzania >> 6/30/2020 - Aminex announces that the parties to the Ruvuma Farm-Out Agreement have agreed to extend the long stop date for satisfaction of the conditions to the Ruvuma Farm-Out from 30 June 2020 to 14 July 2020....
Results of the 2019 Cooper and Otway Basins Acreage Release
Australia >> 6/30/2020 - The Minister for Energy and Mining, Dan van Holst Pellekaan, has announced the details of successful bids in the 2019 petroleum exploration acreage release in the Cooper and Otway Basins.

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McDermott Successfully Completes Comprehensive Restructuring Process
United States >> 6/30/2020 - McDermott International Ltd. has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott's $4.6 billion of funded debt. The Co...
Chevron Completes Acquisition of Puma Energy Holdings Pty Ltd
Australia >> 6/30/2020 - Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Ene...
Sempra Energy Advances North American Strategy
Chile >> 6/30/2020 - Sempra Energy has completed its business exit from South America, following the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds, s...
ROK Resources Announces Closing of Asset Acquisition
Colombia >> 6/30/2020 - ROK Resources Inc. has closed on its previously announced acquisition (the "Acquisition") from a publicly traded company of certain producing oil and gas assets in Southern Saskatchewan along with ass...
Stork to Sell Equipment Rental Business EQIN
United States >> 6/29/2020 - Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, has come to an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe. ...
Petrobras Releases E&P Teaser in Sergipe-Alagoas Basin
Brazil >> 6/29/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of ...
OMV Petrom Wins Block Offshore II in Georgia
Georgia >> 6/29/2020 - OMV Petrom, the largest energy company in South-Eastern Europe, is pleased to confirm that it has been selected as the winner of the open international tender held by the Ministry of Economy and Susta...
Acquisition of Operated 90% Interest in Lemang PSC
Indonesia >> 6/29/2020 - Jadestone Energy Inc. (JSE) (“Jadestone”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has executed an acquisition agreement (the A...
Energean Announces Edison E&P Transaction Update
Italy >> 6/29/2020 - Energean entered into a conditional sale and purchase agreement to acquire Edison E&P from Edison S.p.A. for $750 million on the 4 July 2019. Since then, both parties have agreed several amendments to...
BP Agrees to Sell Its Petrochemicals Business to INEOS
BP Agrees to Sell Its Petrochemicals Business to INEOS United States >> 6/29/2020 - BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp,...

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