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Acquisitions and Divestitures News

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...
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...
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. ...
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...
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 ...
Pertamina is Ready to Manage the Corridor Block 2026
Indonesia >> 7/29/2019 - Pertamina welcomed the Government's decision to approve a 30% increase in participating interest (PI) to the national oil and gas company on the Corridor Block. ...
Qatar Petroleum Acquires Interest in Exploration Blocks in Guyana
Guyana >> 7/29/2019 - Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America. ...
Neptune Energy Agrees to Acquire Interests in German Oil & Gas Fields
Germany >> 7/29/2019 - Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea. ...
Neptune Energy Acquires Interests in Kutei Basin PSCs from Eni
Indonesia >> 7/28/2019 - Neptune Energy has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia. The agreement will see Neptune acquire a 20 per cent working interest...
CNOOC Aims to Take Stake in Ugandan Oil Pipeline
Uganda >> 7/26/2019 - Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday. ...
INPEX Acquires Interest in Keathley Canyon Blocks 921/965 and Walker Ridge Blocks 881/925
Mexico >> 7/26/2019 - INPEX subsidiary INPEX US Offshore has reached an agreement with Anadarko Petroleum to acquire a 40 percent participating interest in Keathley Canyon Blocks 921 and 965 as well as Walker Ridge Blocks ...
Petrobras Starts Non-Binding Phase For the Sale of Fields in Bahia
Brazil >> 7/25/2019 - Petrobras, following up on the release dated 07/08/2019, announces the beginning of the non-binding phase related to the sale of all its stakes in four onshore fields, located in Bahia, jointly known ...
Petrobras Signs Contracts to Sale Assets in a Total of $ 1.5B
Brazil >> 7/24/2019 - Petroleo Brasileiro S.A. - Petrobras announces that it signed two contracts for the sale of upstream assets in shallow waters in Campos and Santos Basins, in the total amount of US$ 1.5 billion (about...

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