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Acquisitions and Divestitures News

Ancala Acquires 50% Interest in Dragon LNG
United Kingdom >> 7/2/2019 - Ancala Partners LLP (‘Ancala’), the independent infrastructure investment manager, today announces the acquisition of a 50% interest in Dragon LNG, the liquefied natural gas (‘LNG’) regasification ter...
Dewar Prospect Commercial Feasibility Study
United Kingdom >> 7/1/2019 - Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to prov...
MMEX Resources Completes all Agreements to Sell its Planned West Texas Refinery Products
United States >> 7/1/2019 - MMEX Resources Corp. (MMEX), a development stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and The Americas has complete...
Sale of Strawn Production Facilities and Leases
United States >> 7/1/2019 - Mosman Oil and Gas Limited the oil exploration, development and production company, advises that it has sold its 50% interest in the Strawn Production Facilities and Lease ('Strawn') to Eagle Natural ...
McDermott Provides Update on Asset Sale Process
United States >> 7/1/2019 - McDermott International, Inc. provided an update on its asset sale process. The company has completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe f...
NOVATEK, Mitsui & JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake
NOVATEK, Mitsui & JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake Russia >> 6/30/2019 - NOVATEK and the consortium of Mitsui and Japan Oil, Gas and Metals National Corp (JOGMEC) have signed a Sales and Purchase Agreement to purchase a 10% participation interest in the Arctic LNG 2 projec...
Devon Energy Completes Sale of Canadian Business
Canada >> 6/27/2019 - Devon Energy Corp. has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, aft...
ExxonMobil’S Norway Exit Could Break Records
Norway >> 6/27/2019 - US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. ...
Geopark Announces Significant Acreage Expansion in Llanos Basin
Colombia >> 6/27/2019 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador annou...
Shell Sells Foothills Sour Gas Assets to Pieridae Energy Limited
Canada >> 6/26/2019 - Shell confirms it has sold its Foothills sour gas assets to Pieridae Energy Limited, an experienced Canadian operator. ...
88 Energy Provides Project Icewine Conventional Farmout Update
United States >> 6/26/2019 - 88 Energy has provided an update related to the farmout process for its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska. ...
Petrobras Starts Sale of Onshore Fields of Rio Ventura Cluster
Brazil >> 6/25/2019 - Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interestin eight exploration and production con...
Nostrum Oil & Gas announces Proposed Acquisition of Oil & Gas Assets in North West Kazakhstan
Kazakhstan >> 6/24/2019 - Nostrum Oil & Gas, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, has agreed, subject to certain conditions, to acq...
Exxon Mobil Seeks Bids for Norwegian Offshore Assets
Norway >> 6/22/2019 - Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast. It has retained stakes in more than 20 other fields, including Equinor-operated Snorre and ...
Empire Energy Sells Kansas Assets to Mai Oil
United States >> 6/21/2019 - Empire Energy Group Limited is pleased to advise shareholders that it has entered into a Purchase and Sale Agreement (“PSA”) with Mai Oil Operations, Inc (“Mai Oil”) for the sale of its Kansas assets ...
Pavilion Energy Acquires Iberdrola’s Portfolio of LNG Assets
Spain >> 6/20/2019 - Pavilion Energy Pte Ltd has entered into an agreement to purchase the portfolio of LNG assets of Spanish global energy leader, Iberdrola1. ...
Equinor & Partners Fully Align Interests in Carcara Oil Discovery
Brazil >> 6/19/2019 - Equinor and Barra Energia (Barra) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total ...
Proposed Disposal of 50% of Put-8 for $ 19.1M to Occidental
Colombia >> 6/17/2019 - Amerisur Resources Plc (Amerisur), the oil and gas producer and explorer focused on South America (AMER), announces that it has entered into a conditional agreement (the Agreement) with Occidental And...
Claren to Acquire Remaining 60% Interest in the Bobocu Gas Field
Romania >> 6/17/2019 - Claren Energy Corp. is pleased to announce that its wholly owned subsidiary, Claren Operations Ltd., has entered into an agreement with Zeta Petroleum (Romania) S.R.L., to acquire the remaining sixty ...
KUFPEC Returns to Operatorship in Indonesia
Indonesia >> 6/13/2019 - The government of the Republic of Indonesia has officially awarded the Anambas Block Production Sharing Contract (the “Anambas PSC”) to KUFPEC Indonesia (Anambas) B.V., a subsidiary of KUFPEC. The aw...

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