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Acquisitions and Divestitures News

Union Jack Oil Receives Approval for PEDL253 Biscathorpe Acquisition
United Kingdom >> 7/28/2020 - Further to the announcement of 24 June 2020, Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced that the Oil and Gas Authority ('OGA') has ...
Riviera Resources Announces Sale of North Louisiana Properties for $26.5 Million
United States >> 7/28/2020 - Riviera Resources, Inc. has signed a definitive agreement to sell its interest in properties located in North Louisiana to an undisclosed buyer for a contract price of $26.5 million, subject to closin...
NMEX Provides Corporate & Oil & Gas Projects Update
Mexico >> 7/28/2020 - Northern Minerals & Exploration Ltd. is pleased to announce the following corporate and oil and gas projects updates. ...
Avangrid Renewables Sells Stake in Tatanka Ridge Wind Farm
United States >> 7/27/2020 - Avangrid Renewables, LLC, a subsidiary of AVANGRID announced a transaction with WEC Energy Group of Milwaukee to sell an ownership interest in the Tatanka Ridge Wind Farm, now under construction in De...
Total Sells the Lindsey Refinery
United Kingdom >> 7/27/2020 - Total has signed an agreement to sell the Lindsey refinery and its associated logistic assets, as well as all of the related rights and obligations, to the Prax Group. ...
LUKOIL Enters Hydrocarbon Production Project in Senegal
Senegal >> 7/27/2020 - PJSC LUKOIL concludes an agreement with Cairn Energy PLC to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash. The agreement...
ADNOC Transfers Major Offshore Concessions from CNPC to CNOOC
United Arab Emirates >> 7/27/2020 - The Abu Dhabi National Oil Company (ADNOC) announced its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporatio...
Oilex Limited Announce West Kampar Update in Indonesia
Indonesia >> 7/27/2020 - Oilex Limited (Oilex) is pleased to announce substantial progress has been made towards the Company’s strategic objective to regain a participating interest in the West Kampar PSC in Indonesia, which ...
Petrobras Releases Teaser of E&P Assets in Colombia
Colombia >> 7/27/2020 - Petrobras has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. ...
Petrobras Informs About Progress in the Sale of the Bauna Field
Brazil >> 7/24/2020 - Petrobras informs that, due to the impact caused by the COVID-19 pandemic and the consequent difficulty in meeting the precedent conditions initially defined, in common agreement with Karoon Petroleo ...
Proposed Sale of Direct Energy for $3.625B to NRG Energy
United States >> 7/24/2020 - Centrica plc (“Centrica”) announces that it has entered into an agreement to sell its North American energy supply, services and trading business, Direct Energy, to NRG Energy, Inc. (“NRG Energy”) for...
PetroChina Agreed to Sell Major Pipeline Assets
China >> 7/23/2020 - PetroChina entered into the Transaction Agreements with PipeChina on 23 July 2020, pursuant to which the Group has agreed to sell, and PipeChina has agreed to purchase, the Target Assets, the consider...
UKOG Enters into Potential High Impact Turkish Oil Appraisal & Exploration Project
Turkey >> 7/23/2020 - UK Oil & Gas PLC has signed a binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated ...
Update on Inniss-Trinity CO2 Project
Trinidad and Tobago >> 7/22/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, provides the following update about the Inniss-Trinity CO2 pilot project. ...
Predator Oil and Gas Announces Offer to Acquire FRAM Exploration
Trinidad and Tobago >> 7/22/2020 - Predator Oil & Gas Holdings PRD, the Jersey-based Oil and Gas Company with operations focused on developing carbon-neutral businesses in Trinidad, Morocco, and Ireland, has announced that pursuant to ...
ENGIE and CDPQ to Acquire Remaining 10% of TAG in Brazil
Brazil >> 7/21/2020 - ENGIE announces that its joint bid with Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, has been successful in acquiring the remaining 10% stake in Transportadora Assoc...
Eni Seeks Energy Asset Sales in Norway & Congo
Congo >> 7/21/2020 - Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending. ...
JKX Granted Licence Extension for Zaplavska Field
Ukraine >> 7/21/2020 - JKX Oil & Gas has announced that the Poltava Petroleum Company ('PPC'), its Ukrainian subsidiary, has been granted a new special permit for the Zaplavska field for the purpose of oil and gas productio...
Public Prosecutor’s Requests for Conviction are Completely Groundless
Nigeria >> 7/21/2020 - Eni considers that the Public Prosecutor’s requests for conviction of the Company, its former and current CEOs and the managers involved in the Opl245 proceeding are completely groundless. ...
Premier Oil Has Signed SPAs for BP Acquisitions
United Kingdom >> 7/20/2020 - Premier is pleased to announce that it has signed sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets (together, the “BP Ac...

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