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Acquisitions and Divestitures News

Tullow Formalises its Back-in Right to Dussafu PSC Offshore Gabon
Gabon >> 12/18/2019 - Tullow Oil Gabon S.A. has formalised its longstanding and previously disclosed 10% back-in right to the Dussafu Production Sharing Contract (“PSC”). ...
New UKCS Licence Award
United Kingdom >> 12/18/2019 - Serica Energy plc (SQZ) is pleased to announce that its wholly owned subsidiary, Serica Energy (UK) Limited, has received an Out of Round award of a 100% interest in the UK petroleum licence P2501, bl...
NOVATEK Won the South-Yamburgskiy & the East-Ladertoyskiy Licenses
Russia >> 12/17/2019 - PAO NOVATEK (NOVATEK) announced that NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Yamburgskiy subsoil a...
Devon Energy Announces Sale of Barnett Shale for $770M
United States >> 12/17/2019 - Devon Energy Corp. (DVN) announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to cu...
GeoPark Announces New Strategic Block Acquisitions in Colombia
Colombia >> 12/17/2019 - GeoPark Limited (GeoPark) (GPRK) announced the expansion of its portfolio in Colombia following a new successful Agencia Nacional de Hidrocarburos (ANH) bid round and an agreement with Parex Resources...
Oilex Ltd Extends Acquisition of Cooper Eromanga Licenses
Australia >> 12/16/2019 - Oilex has announced that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper-Eromanga Basins from Senex Energ...
Total Acquires Interests into 2 New Offshore Licenses
Angola >> 12/16/2019 - Total has signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda. ...
Wintershall & Libya’s NOC Signed EPSA Agreements
Libya >> 12/12/2019 - Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) have signed two Exploration and Production Sharing Agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (form...
Hibiscus Completes Acquisition of the Crown Discovery in the North Sea
United Kingdom >> 12/12/2019 - Hibiscus Petroleum Berhad is pleased to announce that pursuant to the earlier disclosures made on 17 July 2019 and 7 October 2019, its indirect whollyowned subsidiary, Anasuria Hibiscus UK Limited (“A...
Talos Energy Announces Transformative Acquisition of GOM Portfolio
United States >> 12/10/2019 - Talos Energy Inc. (Talos) (TALO) announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, exploration prospec...
Var Energi Completes Acquisition of Exxonmobil’s Business in Norway
Norway >> 12/10/2019 - Var Energi celebrates one year as a company and strengthens NCS position as the acquisition of ExxonMobil’s upstream business in Norway is completed. ...
Petrobras Completes Sale of 34 Onshore Fields in Rio Grande do Norte
Brazil >> 12/9/2019 - Petroleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed the sale of its entire stake in 34 onshore production fields located in the Poti...
Canacol Energy Wins Three New Gas Exploration Blocks in Colombia
Canacol Energy Wins Three New Gas Exploration Blocks in Colombia Colombia >> 12/9/2019 - Canacol Energy Ltd. (Canacol) (CNEC) is pleased to announce it has successfully secured a 100% operated working interest in three new conventional gas exploration contracts in the recent bid round (Pr...
Equinor Completes the Sale of its Eagle Ford Asset
United States >> 12/6/2019 - Equinor and Repsol have completed their previously announced transaction, whereby Equinor has sold its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of T...
Gazprom Neft Expands Its Activities in Yamal
Russia >> 12/5/2019 - Gazprom Neft has won the licensing round for subsoil usage rights to the Khambateisky license block. This asset, covering 340 square kilometres, is located in the Yamalsky District in the Yamalo-Nenet...
Houston American Doubles Participation in Colombian Project
Colombia >> 12/5/2019 - Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta, LLC, doubling its interest in Hupecol Meta previously announced on October 22, 2019. Hupecol Meta ow...
Buru Assumes 100% Equity in 3 Key Canning Basin Exploration Permits
Australia >> 12/5/2019 - Buru Energy Limited has reached agreement with Roc Oil (Canning) Pty Limited (Roc) for Roc to withdraw from its current 50% interest in Canning Basin exploration permits EP 428, EP 436 and EP 391 (the...
Execution of Investment and Shareholders Agreement for Aje Field
Nigeria >> 12/5/2019 - Further to the announcement dated 21 October 2019, PetroNor E&P Limited has now finalised and entered into the separate investment and shareholders agreement with the OML 113 operator, Yinka Folawiyo ...
EnQuest Awarded Block PM409 PSC Offshore Malaysia
Malaysia >> 12/4/2019 - EnQuest PLC (EnQuest) is pleased to announce it has been awarded the Block PM409 Production Sharing Contract (PSC) in partnership with PETRONAS Carigali Sdn Bhd (‘PCSB’) by PETRONAS. Under the terms o...
Santos Conditionally Exercises Beehive Option
Australia >> 12/4/2019 - Melbana Energy Limited is pleased to advise that Santos Limited (Santos) has validly and conditionally exercised its option to acquire an 80% interest in the Permit containing the Beehive prospect. Th...

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