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Acquisitions and Divestitures News

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...
Eni Awarded New Exploration & Production License in Ghana’s Offshore
Ghana >> 7/3/2019 - Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidat...
Africa Oil Corp to Partner with Azinam on Block 3B/4B
South Africa >> 7/3/2019 - Azinam Limited, the Seacrest Capital-backed South West African-focussed oil & gas exploration company, is pleased to announce that Azinam and Africa Oil Corp. (“Africa Oil”), have entered in an agreem...
Woodfibre LNG Receives BC OGC Facilities Permit
United States >> 7/3/2019 - Woodfibre LNG president David Keane made the following statement upon receipt of the BC OGC Facilities Permit: “Following a rigorous process, Woodfibre LNG is pleased to have received our Facility Pe...
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...
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...
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 ...
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...
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...
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...
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. ...
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...

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