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Acquisitions and Divestitures News

Shell U.K. Limited Exercises Option on P2437
United Kingdom >> 4/30/2019 - Cluff Natural Resources Plc is pleased to announce that Shell U.K. Limited (“Shell”) has exercised its exclusive option under the option agreement dated 8 February 2019 between the Company and Shell ...
Interoil Acquires Petroleum Concessions in Argentina
Argentina >> 4/30/2019 - Interoil Exploration and Production has entered into an agreement to acquire majority interests in one exploration and two production concessions in Argentina for a total consideration of USD 13 milli...
Anglo African Secures Tilapia License Renewal
Congo >> 4/30/2019 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce the receipt of a letter from the Government of the Republic of the Congo signed by the Minister of Hydrocarbon...
Petrobras Executes 3 Agreements for Sale of Assets Totaling $10.3B
Brazil >> 4/25/2019 - Petrobras executed three sale and purchase agreements to sell assets in the total amount of US$ 10.3 billion (about R$ 40 billion). In 2019, considering the signed transactions and the closed one, the...
ExxonMobil Acquires More Exploration Acreage Offshore Namibia
Namibia >> 4/24/2019 - ExxonMobil will increase its exploration acreage in Namibia with the addition of approx. 7 million net acres (28,000 sq kms) following the signing of an agreement with the government of Namibia and th...
CNOOC Signs Petroleum Contract with PetroChina
China >> 4/24/2019 - CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. ...
Duke Energy Completes Acquisition of California Solar Plant
United States >> 4/23/2019 - Duke Energy Renewables, a subsidiary of Duke Energy, announced it has acquired the 150-megawatt (MW) North Rosamond solar project in Kern County, California from Clearway Energy Group. The North Rosam...
ConocoPhillips Enters Agreement to Sell UK E&P Subsidiaries
United Kingdom >> 4/18/2019 - ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together...
Eni Signs Offshore Exploration & Production Sharing Agreement
Eni Signs Offshore Exploration & Production Sharing Agreement United Arab Emirates >> 4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement. The agreement was signed between Eni and Nis...
Completion of Acquisition of interest in Lidsey Licence
United Kingdom >> 4/18/2019 - Angus Energy is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Doriemus Plc's 20% interest in the Lidsey Licence, P...
Equinor Wins Seven Exploration Blocks Offshore Argentina
Argentina >> 4/17/2019 - Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...
Qatar Petroleum Wins 5 Exploration Blocks Offshore Argentina
Qatar Petroleum Wins 5 Exploration Blocks Offshore Argentina Argentina >> 4/16/2019 - Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. ...
Europa Sells Interest in PEDL143 to UKOG
United Kingdom >> 4/16/2019 - Europa Oil & Gas (Holdings) plc, the UK and Ireland focused exploration, development and production company, is pleased to announce it has conditionally agreed to sell its 20% interest in UK onshore l...
Gazprom Neft Begins Developing Achimov Strata & Oil-Rim Deposits
Russia >> 4/16/2019 - Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yam...
Schlumberger Conversion to Direct Licence Position
Morocco >> 4/16/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that the process to convert Schlumberger's existing 27.5% interest in the Anoual permits to a direct 27.5% licence posit...
Union Jack Oil Agreed to Sell Its 7.5% Interest in PEDL143
United Kingdom >> 4/16/2019 - Union Jack Oil plc (UJO), a UK focused on-shore hydrocarbon production, development and exploration company is pleased to announce that it has conditionally agreed to sell its 7.5% interest in PEDL143...
Charter Terms Agreed on for Area 1 Floater Offshore Mexico
Mexico >> 4/15/2019 - MODEC, Inc. ("MODEC), Mitsui & Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL) jointly announce that Mitsui and MOL have participated in a long-term charter business ("the Project") operated by MODEC f...
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
United States >> 4/15/2019 - ConocoPhillips has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustm...
CNOOC Signs a PSC with Smart Oil
China >> 4/12/2019 - CNOOC Limited (CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bo...
Shell to Sell Interest in Caesar-Tonga Asset for $965 Million
United States >> 4/11/2019 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek C...

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