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Acquisitions and Divestitures News

Williams Begins Service on Deepwater Gulf Gathering Pipeline System
United States >> 7/24/2019 - Williams (WMB) announced that it has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell Offshore Inc. (Shell), operator, and CNOOC Petroleum...
Qatar Petroleum Signs Agreement to Enter 3 Exploration Blocks
Kenya >> 7/23/2019 - The agreement is subject to customary regulatory approvals by the government of Kenya. Following such approval, the partners comprising the consortium will consist of affiliates of each of Eni (the op...
GNPC & BP Sign JOA for Block A1 License
Gambia >> 7/23/2019 - Gambia National Petroleum Corporation and British Petroleum Exploration (Gambia) Ltd signed a Joint Operating Agreement for Block A1 License. This JOA marks the first involvement of the National Oil C...
Bashneft Acquires Controlling Stake in Sterlitamak Catalyst Plant
Russia >> 7/23/2019 - Bashneft (an enterprise of Rosneft Group) has bought the 51% stake in the charter capital of a privately-owned plant producing catalysts for hydrotreatment processes with a capacity of up to 4,000 ton...
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...
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...
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...
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...

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