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Acquisitions and Divestitures News

Qatar Petroleum Signs Agreement to Enter New Exploration Block in Mozambique
Mozambique >> 3/11/2019 - Qatar Petroleum entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique. ...
United Oil & Gas Signs Agreement to Farm in to Block B
Benin >> 3/11/2019 - United Oil & Gas Plc, the oil and gas exploration and development company, is pleased to announce that it has signed an option agreement with Elephant Oil Ltd ("Elephant") to farm in to their Block B ...
ANH & Shell Subscribe Two Exploration & Production Contracts
Colombia >> 3/11/2019 - The national hydrocarbons agency, ANH, and shell subscribe two exploration and production outside agreements with investment commitments of near 100 million dollars in the first phase. ...
Beginning of Binding Phase of Polo Rio Grande do Norte
Brazil >> 3/11/2019 - Petrobras, following up on the Material Fact dated 07/28/2017 and Notice to the Market dated 10/4/2017, announces the beginning of the binding phase of the competitive process for the assignment of al...
Acquisition of Maromba Field Offshore Brazil
Brazil >> 3/8/2019 - BW Offshore has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of USD 90 million from Petrobras. Closing of the acquisition is subject to fu...
Questerre Executes Agreement to Acquire Quebec Assets
Canada >> 3/7/2019 - Questerre Energy Corporation has executed a definitive purchase and sale agreement with a senior exploration and production company to acquire all their assets in Quebec. This follows the letter of in...
Byron Energy Completes South Marsh Island 58 Acquisition
Mexico >> 3/7/2019 - Byron Energy has closed on the acquisition of South Marsh Island Block 58, SM 58 E1 producing wellbore, and the associated SM69 E Platform and Flowlines, for US$4.25 million dollars, being the price e...
SAExploration Announces USD60 million of New Projects in Alaska and Southeast Asia
United States >> 3/7/2019 - SAExploration has announced a combined $60 million of new projects in Alaska and Southeast Asia. ...
Doriemus Signs West Kora Oil Field Farmout with Rey Resources
Australia >> 3/5/2019 - Block L15 – Farmin: ...
Total Signs Definitive Agreements for Entry into Arctic LNG 2
Total Signs Definitive Agreements for Entry into Arctic LNG 2 Russia >> 3/5/2019 - Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the ...
BW Offshore Contemplating Acquisition of Maromba Field
Brazil >> 3/4/2019 - BW Offshore is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from the present owners Petrobras (70%) and Chevron (30%). ...
OPL 245 – RDS plc Informed of DPP Preparing to Prosecute
Nigeria >> 3/1/2019 - We have been informed by the Dutch Public Prosecutor’s Office (DPP) that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell plc for criminal charge...
Petrobras Starts Binding Phase for the Sale of Lagoa Parda Cluster
Brazil >> 3/1/2019 - Petrobras, following up on the release dated 12/10/2018, announces the beginning of the binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, La...
Genel Energy Provides Update on Sarta and Qara Dagh
Iraq >> 2/28/2019 - Genel Energy plc has announced that approval has been given by the Kurdistan Regional Government ('KRG') regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh blocks, in the Kurd...
Eni and HitecVision Team up to Bid for Conoco's North Sea Assets
United Kingdom >> 2/28/2019 - Italy’s Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillip’s North Sea oil and gas assets, sources close to the process said. ...
PTTEP Signs PSCs for Erawan & Bongkot Fields Offshore Thailand
Thailand >> 2/26/2019 - PTTEP Energy Development Company (PTTEP ED), a subsidiary of PTT Exploration and Production Public Company (PTTEP), confirms its readiness to play a vital role in carrying on the continuity of natural...
Block Energy’s Agreement to Acquire 100% Interest in West Rustavi Field
Georgia >> 2/26/2019 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has secured an agreement ('the Agreement') with Georgian Oil and Gas Limited ('GO...
Mubadala Petroleum Signed a PSC in Thailand
Thailand >> 2/26/2019 - Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) together with its partner PTTEP Energy Development Company Limited (PTTEP ED), a subsidiary of PTT Exploration and...
Aramco Signs Agreements to Acquire Stake in Zhejiang Integrated Refining & Petrochemical Complex
China >> 2/22/2019 - Saudi Aramco signed three Memoranda of Understanding (MoUs) aimed at expanding its downstream presence in the Zhejiang province, one of the most developed regions in China. The company aims to acquire...
UK Oil & Gas Completes Acquisition of 6 percent Interest in Horse Hill Oil Field and Licences
United Kingdom >> 2/21/2019 - UK Oil & Gas PLC has completed the previously announced acquisition of the 6% shareholding in Horse Hill Developments Ltd ("HHDL") from Doriemus PLC. The Company now owns a controlling 77.9% interest ...

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