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Acquisitions and Divestitures News

10 Years Extension of PSC for Ravva Oil & Gas Field
India >> 11/25/2019 - Marubeni Corporation (Marubeni) is pleased to announce that its wholly owned subsidiary, Ravva Oil (Singapore) Pte Ltd together with other Joint Venture partners have agreed with the Government of In...
Petro-Victory Acquires 3 Oil Fields in the Espirito Santo Basin
Brazil >> 11/25/2019 - Petro-Victory Energy Corp. has acquired a 50% working interest in 3 onshore oil fields in the Espirito Santo Basin, Brazil for total consideration of USD 4,686,223. Petro-Victory has paid a 7.5% depos...
ATP2021 JV Farm-In to PRL 211 in Cooper/Eromanga Basin
Australia >> 11/22/2019 - The Board of Metgasco Ltd is pleased to announce that the ATP2021 JV (Metgasco 25% owner) has executed a term sheet with a 90 day exclusivity period to negotiate a binding farm-in agreement with a sub...
ONE-Dyas Reaches Agreement to Extend Its Participation in Kowe Project
Gabon >> 11/21/2019 - ONE-Dyas has successfully concluded its negotiations with the Gabonese authorities in relation to its interest in the Kowe block. As a result, ONE-Dyas will hold rights until end of production in 2036...
Hibiscus Petroleum Acquires Producing Assets in Southeast Asia
Malaysia >> 11/21/2019 - Hibiscus Petroleum Berhad (HIBI) released a Corporate and Business Update outlining the Group’s targets and initiatives as well as operational updates in conjunction with the release of its quarterly ...
President Energy Announces Completion of Angostura Acquisition
Argentina >> 11/20/2019 - President Energy (PPC) announces that, further to the announcement dated 21 October 2019, the acquisition of the Angostura exploration contract in Rio Negro Province, Argentina (the Acquisition) from ...
KrisEnergy Signs Agreement with BP for the Sale of its Participating Interest in the Andaman II PSC
Indonesia >> 11/19/2019 - KrisEnergy, and together with its subsidiaries, an upstream oil and gas company, refers to its announcement dated 29 October 2019 regarding its acceptance of a binding letter of offer for the disposal...
Gazprom Neft Widens its Presence in the Orenburg Oblast
Russia >> 11/19/2019 - Gazprom Neft has won the license to the Pervormaisky block, and is also expanding the boundaries of fields it is already developing in the Orenburg Oblast. ...
Nostra Terra Provides Update on East Ghazalat in Egypt
Nostra Terra Provides Update on East Ghazalat in Egypt Egypt >> 11/19/2019 - Nostra Terra (NTOG) is pleased to announce that, further to the Company's announcement of 12 August 2019, Nostra Terra's wholly owned subsidiary, Nostra Terra Inc. (NTI) has reached a conditional agre...
OMV Agrees to Divest its Stake in the Maari Field
New Zealand >> 11/18/2019 - OMV, the international integrated oil and gas company headquartered in Vienna, has agreed to sell its 69% interest in the Maari Field, located in New Zealand’s offshore Taranaki Basin, to Jadestone En...
Shell Appoints Citi for $1B Sale of Egypt Assets
Egypt >> 11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Echo Energy Announces the Acquisition of Santa Cruz Sur Package
Argentina >> 11/13/2019 - Echo Energy, the Latin American-focused upstream oil and gas company, is pleased to announce that the acquisition by the Company of a 70 per cent. initially non-operated working interest in the Santa ...
OKEA Completed Sale of Interests in Grevling & Storskrymten
Norway >> 11/13/2019 - OKEA ASA (the Company) announces that the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) followin...
Ecopetrol & Occidental Complete Investment Agreement in US
United States >> 11/13/2019 - Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that it completed the joint venture transaction announced last July 31, 2019. Through this deal, the Company and Occidental Petroleum Corp (OXY) agree...
Columbus Energy Announces the Extension of Inniss Trinity Contract
Trinidad and Tobago >> 11/12/2019 - Columbus is pleased to announce the extension of the Inniss Trinity Incremental Production Service Contract (Inniss Trinity IPSC) to allow for the implementation of the CO2 Pilot Project and to replac...
Somaliland Farm-out Process
Somalia >> 11/11/2019 - Genel Energy plc has increased its stake in the SL10B13 block, onshore Somaliland, to 100%, having acquired East Africa Resource Group's 25% stake. ...
Seven Energy Transaction Progresses to Completion Phase
Nigeria >> 11/8/2019 - Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to provide an update in relation to the Seven Energy Transaction (the “Tran...
DGO Divests Uncompleted Wells from EdgeMarc Acquisition
United States >> 11/7/2019 - Diversified Gas & Oil PLC (DGOC) is pleased to announce the sale of its non-producing assets recently acquired in Monroe County, Ohio for total cash consideration of $10 million (the "Assets"). The A...
Pandion Energy Divests Its 20 Percent Share in the Duva Field
United States >> 11/7/2019 - Pandion Energy has agreed to divest its 20% share in the Duva field through two transactions, one with PGNiG Upstream Norway AS and one with Solveig Gas Norway AS, each acquiring a 10% share in PL 636...
Equinor Sells Eagle Ford Asset
United States >> 11/7/2019 - Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas. ...

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