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Acquisitions and Divestitures News

UK Oil & Gas Acquires 30% Interest in Arreton Oil Discovery and Licence PEDL331
United Kingdom >> 12/12/2018 - UK Oil & Gas PLC has entered into a binding heads of terms with Solo Oil Plc to acquire their 30% shareholding in the PEDL331 onshore Isle of Wight licence. Upon completion the Company will hold an op...
Total Strengthens Its Exploration Position in Mauritania
Mauritania >> 12/12/2018 - Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania...
Gazprom Neft Acquires 2 New License Blocks
Russia >> 12/11/2018 - Gazprom Neft subsidiary Gazpromneft-Khantos has secured subsoil usage rights for geological prospecting, development and production at the Severo-Vaiskiy and Srednevaiskiy license blocks in the Khanty...
Gazprom Neft Expands Its Activities in the Krasnoyarsky Krai
Russia >> 12/10/2018 - Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula. ...
Equinor Completes Sale of Non-Core Asset on UK Continental Shelf
United Kingdom >> 12/10/2018 - Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field. Alba is located in the Central North Se...
Petrobras Announces Start of Non-binding Phase for Sale of Lagoa Parda Cluster
Brazil >> 12/10/2018 - Petrobras, further to the material fact of 10/08/2018, announces the beginning of the non-binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, ...
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession United Arab Emirates >> 12/9/2018 - The Abu Dhabi National Oil Company (ADNOC) announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Pet...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession Egypt >> 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
QP Signs Agreement Marking its First Entry into the Republic of Mozambique
Mozambique >> 12/8/2018 - Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of...
Premier Oil Announces Completion of the Babbage Area Sale
Norway >> 12/7/2018 - Completion of the Babbage Area sale: Premier has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus) has no...
Gazprom Neft Secures Subsoil Usage Rights to the Yuzhno-Obsky License Block
Russia >> 12/6/2018 - Gazprom Neft subsidiary Gazprom Neft Shelf has won the licensing round for subsoil usage rights (including geological prospecting, development and production) to the Yuzhno-Obsky license block. This n...
Faroe in Norwegian Asset Swap with Equinor
Norway >> 12/5/2018 - Faroe Petroleum is pleased to announce it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (Equinor) to swap its interests in the Njord, Hyme redevelopm...
Union Jack Oil Completes Farm-in to PEDL183
United Kingdom >> 12/3/2018 - Union Jack Oil has received written consent from the Oil and Gas Authority, satisfied all conditions precedent, and has now completed the farm-in with Rathlin Energy (UK) for a 16.665% licence interes...
Reabold Resources Announces Investment in Rathlin Energy (UK)
United Kingdom >> 12/3/2018 - Reabold, the investor in pre-cash flow upstream oil and gas projects, further to its announcement of 5 November 2018, has announced the completion of its 37.08 per cent. investment in Rathlin Energy (...
Aker BP Completes Acquisition of Licence Portfolio from Total
Norway >> 12/3/2018 - Following Aker BP's stock exchange notice dated 31 July 2018 regarding the company's agreement to acquire a portfolio of 11 licences on the Norwegian continental shelf from Total E&P Norge for a cash ...
EnQuest Completes Magnus Oil Field Transaction
United Kingdom >> 12/3/2018 - EnQuest PLC, an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, has completed the acquisition of the remaining 75% interest in the Magnus...
Predator Oil & Gas Awards New Permit Onshore Morocco
Morocco >> 11/30/2018 - Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, with a portfolio of attractive upstream gas assets adjacent to European gas infrastructure entry points, is pleased to anno...
Tap Oil Sells WA-33-R Interest to Santos and Quadrant
Australia >> 11/30/2018 - Tap Oil Limited (Tap), consistent with its strategy to monetize and rationalise its Australian portfolio, has entered into a Sale and Purchase Agreement (SPA) for the sale of its 22.474% non-operated ...
Shell Completes Sale of Draugen and Gjoa Interests to OKEA
Norway >> 11/30/2018 - A/S Norske Shell has completed the sale of its interests in the Draugen and Gjoa fields in Norway for 4,52 Billion NOK (~US$526 million*) to OKEA AS. ...
Serica Energy Acquires Interests in Bruce and Keith Fields from Total, BHP and Marubeni
United Kingdom >> 11/30/2018 - Serica Energy plc announced that subsequent to the Company’s announcement earlier today relating to completion of Serica Energy (UK) Limited’s acquisition of BP’s interests in the Bruce, Keith and Rhu...

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