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Acquisitions and Divestitures News

Total Strengthens Its International Partnership with Qatar Petroleum
Namibia >> 8/27/2019 - Total and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana a...
Diversified Gas & Oil Acquires Natural Gas Gathering Systems
United States >> 8/27/2019 - AIM-listed Diversified Gas & Oil, the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, has entered into binding agreements to acquire two s...
BP to Sell Alaska Business to Hilcorp
United States >> 8/27/2019 - BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in th...
BP to Sell Alaska Business to Hilcorp
United States >> 8/27/2019 - BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a tota...
Eni Awarded West Ganal Exploration Block in the Kutei Basin
Eni Awarded West Ganal Exploration Block in the Kutei Basin Indonesia >> 8/26/2019 - Eni (40% Operator) and its partners, Pertamina (30%) and Neptune (30%), have been awarded by the Ministry of Energy and Mineral Resources the West Ganal exploration block in the Kutei Basin, offshore ...
Acquisition of Participating Interest in OPL276
Nigeria >> 8/23/2019 - LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, has agreed to acquire, subject to the receipt of the required consents, via Lekoil 2...
88 Energy Farms out Project Icewine
United States >> 8/22/2019 - 88 Energy Limited (88 Energy) provides the following update related to the farmout process for its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska. ...
Reabold Resources Increased Investment in Rathlin Energy Limited
United Kingdom >> 8/22/2019 - Reabold Resources is pleased to announce that it has increased its investment in Rathlin Energy (UK) Limited (Rathlin), the operator of the West Newton field, through participation in an advanced subs...
Kinder Morgan Agrees to Sell U.S. Portion of Cochin Pipeline
United States >> 8/21/2019 - Kinder Morgan, Inc. (KMI) has agreed to sell the U.S. portion of the Cochin Pipeline to Pembina Pipeline Corporation (PBA) (Pembina) for $1.546 billion, approximately 13 times 2019 expected EBITDA. Al...
Genel Energy to Initiate Farm-Out Campaign for Sidi Moussa Block in Q1 2020
Morocco >> 8/18/2019 - Announcing its unaudited results for the six months ended 30 June 2019, Genel Energy said that, on the Sidi Moussa block offshore Morocco (Genel 75% working interest, operator), processing of the mult...
BW Offshore Approved by ANP as Operator in Brazil
Brazil >> 8/18/2019 - BW Offshore (BWO) has announced that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as operator in Brazil and approved the transfer of Chevro...
Petrobras Starts Selling Shallow Water Fields in Campos Basin
Brazil >> 8/8/2019 - Petrobras has started the teaser for the sale of all its stakes in 11 shallow water production fields in the Campos Basin, jointly known as Polo Garoupa, including production and disposal facilities t...
Joint Venture Singing Ceremony Between SKC & PIC
Kuwait >> 8/7/2019 - Kuwait's Petrochemical Industries Company (PIC) has acquired 49 percent of operations of South Korean SKC, and the two firms agreed to establish a joint company producing propylene Oxide (PO) and prop...
Total Sells Interest in Pipeline Network
France >> 8/5/2019 - Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for €260 million (about $290 million). ...
Svenska Reaches Farm-Down Agreement with CNOOC
Guinea Bissau >> 8/5/2019 - SPE Guinea Bissau AB (“Svenska GB”), a wholly owned subsidiary of Svenska Petroleum Exploration AB, Sweden, is the Operator of Block 2, the Sinapa Licence, and Blocks 4A & 5A, the Esperança Licence, o...
GulfSlope Energy Announces Key Lease Extension
Mexico >> 8/2/2019 - GulfSlope Energy has announced that the federal Bureau of Ocean and Energy Management ('BOEM') has agreed to grant GulfSlope a three year extension of the term of its lease number OCS-G-35244 for Ship...
PTTEP Acquires More Shares in APICO LLC
Thailand >> 7/31/2019 - PTTEP HK Holding Limited has signed a Share Purchase Agreement (SPA) to acquire 39% stake in APICO LLC from Coastal Energy Company (Khorat) Limited with the total transaction value of approximately US...
Energean Awarded Four Licences for Oil & Gas Exploration in Israel
Israel >> 7/31/2019 - Energean Oil and Gas plc (ENOG) is pleased to announce that Israel’s Petroleum Council has awarded the Company four new licences for oil and gas exploration in the Israeli EEZ. ...
Shell Completes Sale of Upstream Interests in Denmark for $1.9B
Shell Completes Sale of Upstream Interests in Denmark for $1.9B Denmark >> 7/31/2019 - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU), holding a 36.8% non-operat...
Shell Completes Sale of Interest in Caesar-Tonga Asset
Mexico >> 7/30/2019 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico ...

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