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Acquisitions and Divestitures News

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 ...
QEP Resources Announces Review of Strategic Alternatives
United States >> 2/20/2019 - QEP Resources, Inc. announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Co...
Gran Tierra Energy Acquires Strategic Assets in Putumayo and Llanos Basins
Colombia >> 2/20/2019 - Gran Tierra Energy has entered into agreements with private companies to acquire the Vendors': ...
Santos Boosts Operated Position Across Offshore Northern Australia
Australia >> 2/18/2019 - Santos has announced it had reached an agreement to align the company’s interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacen...
Mubadala Petroleum Signed South Andaman PSC in Indonesia
Indonesia >> 2/18/2019 - Mubadala Petroleum announces that it has signed the Gross Split Production Sharing Contract (PSC) for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third D...
Andalas Energy & Power Provides Update on Proposed Bunga Mas PSC Acquisition
Indonesia >> 2/18/2019 - Andalas Energy and Power has provided an update in relation to its proposed acquisition of an interest in the Bunga Mas production sharing contract ('PSC') (announced 29 August 2018). ...
Eni Granted Two Exploration Blocks Onshore Egypt
Eni Granted Two Exploration Blocks Onshore Egypt Egypt >> 2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The bloc...
PTTEP Acquires APICO Shares - Expands Investment in Sinphuhorm Project
Thailand >> 2/15/2019 - PTT Exploration and Production Public Company Limited (PTTEP) disclosed that its subsidiary, PTTEP SP Limited, signed the Share Purchase Agreement (SPA) to acquire 33.8% stake in APICO LLC from Tatex ...
UK Oil & Gas Acquires Further Interest in Horse Hill Oil Field and Licenses
United Kingdom >> 2/14/2019 - AIM-listed UK Oil & Gas (UKOG), the largest onshore licence acreage holder in the Weald Basin, has entered into a binding heads of terms withDoriemus to acquire a further 6% shareholding in the Compan...
Vintage Completes Deal with Beach to Acquire EP 126
Australia >> 2/14/2019 - On 25 January 2019, Vintage Energy Ltd received Ministerial consent, the final condition precedent of the Sale and Purchase Agreement between Vintage and subsidiaries of Beach Energy Ltd (Beach) for t...
Harvest Oil & Gas Announces Divestiture of San Juan Basin Assets
United States >> 2/14/2019 - Harvest Oil & Gas Corp. has entered into a definitive agreement to sell all of its interests in the San Juan Basin in New Mexico and Colorado to an undisclosed buyer for $42.8 million (subject to purc...
Egypt Awards 12 New Concessions for 2018 Bid Rounds
Egypt Awards 12 New Concessions for 2018 Bid Rounds Egypt >> 2/13/2019 - Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla announced the winners in the largest ever oil and gas exploration and production bid round, on the sidelines of the Egypt Petroleum ...
Beach Successful in La Bella Bid
Canada >> 2/13/2019 - Australian operator Beach Energy has emerged as the successful cash bidder for the La Bella gas field in the Otway basin off the coast of Victoria. ...
DEA Awarded New Licence in the Onshore Nile Delta
DEA Awarded New Licence in the Onshore Nile Delta Egypt >> 2/12/2019 - The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square...
Bounty Oil & Gas to Retain its Interest in Sydney Basin Permit PEP 11
Australia >> 2/12/2019 - Bounty Oil & Gas and MEC Resources have provided an update on their Petroleum Exploration Permit 11 (PEP 11), offshore Sydney Basin, joint venture relevant interests. ...
Coro Energy Acquires Interest in Duyung Field Offshore Indonesia
Indonesia >> 2/11/2019 - Coro Energy has announced the signing of a binding conditional agreement as it takes its next step in building its portfolio in SE Asia through the acquisition of an interest in the Duyung Production ...
Cluff Natural Resources Farms out Southern North Sea Licences P2252 and P2437 to Shell
United Kingdom >> 2/8/2019 - 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, has entered into a...

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