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Acquisitions and Divestitures News

NOVATEK Closes Arctic LNG 2 Transaction
Russia >> 7/22/2019 - PAO NOVATEK announced the closing of the sale of participation interests in Arctic LNG 2 Project (“Project”) to wholly owned subsidiary of China National Petroleum Corporation (“CNPC”), wholly owned ...
Petrobras Announces Sale of the Pampo & Enchova Poles
Brazil >> 7/19/2019 - Petrobras informs that the company Trident Energy presented the best final offer in a competitive process for the acquisition of the totality of the company's stake in the Pampo and Enchova poles, loc...
Gazprom Neft & Sibur to Jointly Develop the Poliom Polypropylene Plant in Omsk
Russia >> 7/19/2019 - Gazprom Neft and SIBUR have consolidated 100 percent of the charter capital in the Poliom LLC polypropylene plant in Omsk, with the Gazprom Neft—SIBUR joint venture — Sibgazpolymer JSC — signing an ag...
Strategic Review Including Formal Sale Process under Takeover Code
Colombia >> 7/19/2019 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that following the receipt of interest in the Company and its assets from other industry participants,...
Ministry of Mines and Energy of Brazil Authorizes Transfer 10% in Saturno Block to Ecopetrol
Brazil >> 7/18/2019 - Ecopetrol S.A. reports that the Ministry of Mines and Energy of Brazil has authorized the transfer of a 10% stake in the Saturno block, located in the Santos basin, to its subsidiary, Ecopetrol Oleo e...
Apache Completes Midcontinent Asset Sales
United States >> 7/18/2019 - Apache Corporation announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. ...
Coro Energy Announces Restructured Bulu PSC Acquisition Terms
Indonesia >> 7/18/2019 - Coro Energy, the Southeast Asian focused upstream oil and gas company, has renegotiated the terms of the proposed acquisition by the Company of a 42.5% interest in the Bulu production sharing contract...
Mubadala Petroleum to Farmout a 20% Participating Interest in Indonesia
Mubadala Petroleum to Farmout a 20% Participating Interest in Indonesia Indonesia >> 7/17/2019 - Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing...
Pandion Energy Acquires Interest of PL 891 from ConocoPhillips
Norway >> 7/17/2019 - Pandion Energy AS has entered into an agreement with ConocoPhillips Skandinavia AS (ConocoPhillips) to acquire a 20 percent interest in PL 891, containing the Slagugle prospect. The license is located...
Frontera Awarded Two Blocks Expanding Colombian Exploration Acreage
Colombia >> 7/16/2019 - Frontera Energy Corporation (FEC) (Frontera) announces the award of the VIM-22 block in addition to LLA-99 block which was previously announced on June 27, 2019 under the successful Agencia Nacional d...
Cargotec’s MacGregor Received Clearance from Chinese Competition Regulator
China >> 7/15/2019 - MacGregor, part of Cargotec, has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based...
Karoon Presented the Best Bid for Bauna Field
Brazil >> 7/15/2019 - Karoon Energy Ltd (KAR) make the following statement in relation to the news published by Upstream on the 12 July 2019. Karoon confirms it has been notified that it has presented the high bid in the...
Block Energy Moves to 100% Working Interest in West Rustavi Field
Georgia >> 7/15/2019 - Block Energy Plc (Block) is pleased to announce it has increased its working interest (WI) in the West Rustavi licence (West Rustavi) from 71.5% to 100%, further to an agreement ('the Agreement') reac...
INPEX Awarded Exploration Block AC/P66 in Australia
Australia >> 7/12/2019 - INPEX CORPORATION (INPEX) announced today that through a subsidiary, it was awarded an exploration permit for Release Area AC/P66 (the Block) as Operator in Australia’s 2018 Offshore Petroleum Explo...
PGNiG Acquires Interest in Another Gas Field in the North Sea
Norway >> 7/12/2019 - PGNiG Upstream Norway has acquired 20 percent shares in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum AS. First production is expected at the turn of 2020 and 2021. ...
Fugro Succeeds with New Seep Survey License Sales Offshore Newfoundland
Canada >> 7/10/2019 - Fugro and partner Amplified Geochemical Imaging (AGI), are reporting recent success selling multiple licences for data from frontier regions offshore east coast Canada. The data were acquired during t...
Petrobras Announces Teaser for Sale of Onshore Fields in Bahia
Brazil >> 7/8/2019 - Petrobras reports that it has started the opportunity disclosure stage (teaser), related to the sale of all its stakes in four onshore fields, including the shared outflow and production treatment fac...
Eni Receives Approval for the Abay Subsoil Use Right
Eni Receives Approval for the Abay Subsoil Use Right Kazakhstan >> 7/5/2019 - The Kazakh Ministry of Energy, KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations ...
Neptune Energy Selected for Offshore Hydrogen Pilot
Netherlands/Holland >> 7/4/2019 - Neptune Energy has been formally selected to participate in a pioneering pilot project to create the first offshore hydrogen plant in the Dutch sector of the North Sea. The pilot was commissioned by N...
Severstal Acquires 26% Stake in JV with Linde
Russia >> 7/3/2019 - PAO Severstal has signed an agreement to purchase a share in a joint venture (JV) with Germany’s Linde AG. The JV produces coil-wound heat exchangers for use at medium-scale and large-scale LNG plants...

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