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Acquisitions and Divestitures News

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...
Delek Group Acquired Interest in Caesar Tonga Oil Field
United States >> 4/11/2019 - Delek Group has signed an agreement to acquire 22.45% of the Caesar Tonga oil field in the Gulf of Mexico from a subsidiary of Royal Dutch Shell plc for a purchase price of USD 965 million. ...
Shell to Sell Interest in Caesar-Tonga Asset for $965 Million
United States >> 4/11/2019 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek C...
Cabot Energy Relinquishes Otway Basin Licence PEL 629
Australia >> 4/9/2019 - AIM-listed Cabot Energy has announced that Ouro Preto Resources, the Company's wholly-owned subsidiary, has reached an agreement with The Department for Energy and Mining of the Government of South Au...
A 1.5$ Million Farm-in Funding for Parta License
Romania >> 4/8/2019 - ADX Energy Ltd (ADX) is pleased to advise that it has executed a farm-in on behalf of Danube Petroleum Limited (Danube) and ADX Energy Panonia Srl (Panonia) to fund a 3D seismic program in the Parta...
TAG Oil Seeking Farm-in Partner for Australian Assets
Australia >> 4/4/2019 - TAG Oil reports that its current gross daily rate of production is over 1,700 boe/d (80% oil) following the recent successful workover campaign, and has provided a corporate update on its operations i...
Chariot Oil & Gas Awards Lixus Offshore Licence, Morocco
Morocco >> 4/3/2019 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Holdings (Morocco) Limited, has been awarded a 7...
New Prospecting Licence Area
Botswana >> 4/1/2019 - Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM") is pleased to confirm that a ne...
Doriemus Signs Farmout Agreement for Block EP 487
Australia >> 3/28/2019 - Highlights • Following execution of the term sheet in relation to EP 487 as announced on 31 December 2018, a wholly owned subsidiary of Doriemus has now executed the Farmout Agreement with a wholly o...
EMGS Participates in Sole-Sourced Tender Process
Norway >> 3/28/2019 - Electromagnetic Geoservices ('EMGS') is currently participating in a sole-sourced tender process for a multi-year acquisition contract. Based on the information currently available to EMGS, the Compan...
Closing of Acquisition of Interest in Frade
Brazil >> 3/25/2019 - Petro Rio S.A., in addition to the material facts disclosed to the market on January 30 and February 13, 2019, hereby informs its shareholders, on this date, conditions precedent having been met and n...
ADNOC Awards Indian Consortium Onshore Exploration Block in Abu Dhabi
United Arab Emirates >> 3/25/2019 - The Abu Dhabi National Oil Company (ADNOC) signed agreements awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Lim...
Ruvuma Farm-Out Update
Tanzania >> 3/21/2019 - Aminex announces that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the long stop date to 31 July 2019. The Company and ARA Petroleum Tanzania Limite...
Amerisur Resources Exercises Right of First Refusal to Acquire Put-8 Interest
Colombia >> 3/20/2019 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, provides an update on corporate activities in Colombia. ...
DEA Completes Acquisition of Sierra Oil & Gas
Mexico >> 3/20/2019 - DEA Deutsche Erdoel has completed the acquisition of 100 percent of the shares of Sierra Oil & Gas. With the deal, DEA enhances its presence in Mexico and its long-term commitment to the country’s oil...
Greenland Gas & Oil Announces New Licence Award & Operations Update
Greenland >> 3/20/2019 - Greenland Gas & Oil (‘GGO’) has confirmed the award of a new licence and extension of existing licences, as well as provided details of upcoming operational activities on its Jameson Land acreage loca...
Agreement with GOC for Farm-in in the Dussafu License
Gabon >> 3/19/2019 - BW Energy Gabon SA (BWE), a subsidiary of BW Offshore and the operator of the Dussafu license, has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10% interest ...
Nigeria, Sao Tome and Principe, Total Sign Oil Production Sharing Deal
Sao Tome and Principe >> 3/14/2019 - Nigeria, Sao Tome and Principe and Total SA signed an oil production sharing contract on Thursday, according to a joint statement. ...

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