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Acquisitions and Divestitures News

Echo Energy Provides Operational & Corporate Update
Argentina >> 3/6/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides an update on producon and operations following the Company's recent acquisition of a 70% non-operated working interest ...
OMV & Gazprom Sign Amendment Agreement Regarding Achimov 4A/5A Phase Development
Russia >> 3/6/2020 - OMV and Gazprom have signed an „Amendment Agreement“ to the „Basic Sale Agreement“ dated October 3, 2018. The „Amendment Agreement“ foresees, in particular, an extension of the negotiation phase for t...
International Petroleum Completes Acquisition of Light Oil Assets
Canada >> 3/6/2020 - International Petroleum Corp has announced the closing of the previously announced acquisition of Granite Oil Corp. The Acquisition includes total proved plus probable ('2P') reserves of 14.0 million ...
Strata-X Farms out the Serowe CSG Project
Botswana >> 3/5/2020 - Strata-X Energy has executed a Heads of Agreement with Botsgas, a private Australia based company with strong ties to the Republic of Botswana, to accelerate the appraisal and development of the Compa...
Santos Fails to Acquire Interest in Melbana's Beehive Prospect
Australia >> 3/4/2020 - Melbana Energy Limited has been advised by Santos Limited that it has not concluded a farm out of an interest in the Permit by 4 March 2020 – the deadline by which it was required to do so. Santos’ op...
McDermott Provides Update on Lummus Technology Sale Process
United States >> 3/3/2020 - McDermott International, Inc. intends to move forward with the previously announced share and asset purchase agreement to sell all of the Lummus Technology business to a joint partnership between The ...
Zenith Signs Exclusivity Agreement for Oil Production Asset Onshore Tunisia
Tunisia >> 3/2/2020 - Zenith Energy Ltd., the international oil & gas production company, is pleased to announce that it has signed an exclusivity agreement to acquire an operated working interest in an onshore oil product...
Talos Energy Closed Previously Announced Gulf of Mexico Acquisitions
United States >> 3/2/2020 - Talos Energy Inc. announced the closing of the acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets," the "Acquisition," or the "Transaction"), on February 28, 2020. T...
Tower Resources Signs HoT for Farm out of its Thali PSC
Cameroon >> 3/2/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to announce that it has executed binding heads of terms ("HoT") in respect of a farm-out to OilLR Pty Ltd (...
Petrobras about Expression of Interest on E&P Assets
Brazil >> 2/28/2020 - Petrobras, following up on the release disclosed on 02/03/2020, referring to the sale of part of its equity interest in the concessions BMPAMA-3 and BM-PAMA-8, located in the Para-Maranhao Basin, repo...
IOG Provides Update on Harvey & Redwell Licences
United Kingdom >> 2/28/2020 - Independent Oil and Gas plc (IOG), the development and production company focused on becoming a substantial UK gas producer, provides an update on the Harvey (P2085) and Redwell (P2441) licences in th...
Completion of Disposal of Rockhopper Egypt Pty Ltd
Completion of Disposal of Rockhopper Egypt Pty Ltd Egypt >> 2/28/2020 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that following satisfaction of the requisite condi...
Petrobras Releases E&P Teaser in the Santos Basin
Brazil >> 2/27/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the shallow waters of Santos Basin. ...
Energean to Acquire Stake in Block 2, Offshore Greece
Greece >> 2/27/2020 - Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that it has signed an agreement for the acquisition of Total’s stake in Block 2, offshore Wester...
Scarborough Participating Interest Alignment
Australia >> 2/26/2020 - Woodside and BHP have agreed to align their participating interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles, resulting in Woodside holding a 73.5% interest and BHP holdi...
Apache & Pharos Energy among Bidders for Shell's Onshore Assets
Apache & Pharos Energy among Bidders for Shell's Onshore Assets Egypt >> 2/26/2020 - Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. ...
Africa Energy Signs Farmout Agreements with Azinam and Panoro for Block 2B
South Africa >> 2/25/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce the execution of two farmout agreements whereby the Company will transfer ...
ADM to Acquire a Further Interest in OML 113 from EER
Nigeria >> 2/24/2020 - ADM Energy PLC, an oil and gas investing company quoted on AIM, is pleased to advise that it has entered into a sale and purchase agreement ("Agreement") with EER (Colobus) Nigeria Limited ("EER") to ...
Update on Completion of Rockhopper Acquisition
Update on Completion of Rockhopper Acquisition Egypt >> 2/20/2020 - United Oil & Gas Plc (UOG) is pleased to announce the satisfaction of the regulatory conditions attached to its proposed acquisition (Acquisition) of Rockhopper Egypt Pty Ltd., which holds a 22% inter...
Calima Secures Tommy Lakes Infrastructure
Canada >> 2/19/2020 - Calima Energy Limited (CE1) (Calima) owns and operates drilling and production rights in British Columbia (”Calima Lands”). The Company is pleased to announce it has entered into an agreement to acqui...

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