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Acquisitions and Divestitures News

Aker BP Awarded 21 Licenses in APA 2018
Norway >> 1/15/2019 - Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round. ...
Var Energi Awarded 4 Operatorships & 9 Partnerships in APA 2018
Norway >> 1/15/2019 - Var Energi has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy (MPE). ...
DNO Receives 18 Awards in Norway's APA Licensing Round
Norway >> 1/15/2019 - DNO, the Norwegian oil and gas operator, has announced that its wholly-owned subsidiary DNO Norge has been awarded participation in 18 exploration licenses, of which five are operatorships, under Norw...
BP & Eni to Agree to Pursue Major New Exploration Opportunity in Oman
Oman >> 1/15/2019 - BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman. Under the HoA, th...
Eni Signs Exploration & Production Sharing Agreement for Block 47
Eni Signs Exploration & Production Sharing Agreement for Block 47 Oman >> 1/14/2019 - Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate...
Eni Signs MoU for Petroleum Exploration in Block 1 Offshore Bahrain
Bahrain >> 1/13/2019 - A Memorandum of Understanding (MoU) has been signed between the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) and Eni with the aim to pursue petroleum exploration of Block 1, an offs...
Eni Enters in Signing Areas A, B and C Onshore Exploration Concessions
United Arab Emirates >> 1/13/2019 - Eni has been awarded Areas A, B & C onshore Exploration Concession Agreements which were offered as part of the of the first International Competitive Exploration Licensing Round launched by Sharjah N...
Eni Acquires Majority Stake in 2 of Abu Dhabi’s Offshore Exploration Concessions
United Arab Emirates >> 1/12/2019 - Eni signed today in Abu Dhabi two Concession Agreements for the acquisition of a 70% stake in the Offshore Block 1 and Offshore Block 2 exploration areas for a duration of 35 years, leading a consorti...
Gazprom Neft Expands Its Orenburg Oil Production Cluster
Russia >> 1/11/2019 - Gazprom Neft has secured subsoil usage rights for hydrocarbon exploration, development and production at the Zapadno-Rubezhinsky, Nadezhdinsky and Kornavarinsky license blocks, in the Orenburg Oblast....
CGX Energy & Frontera Announce Amendment to Letter Agreement
Guyana >> 1/11/2019 - CGX Energy Inc. ("CGX") and Frontera Energy Corporation (Frontera) announced that they have further amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4,...
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets Egypt >> 1/9/2019 - Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the m...
Husky Considering Sale of Non-Core Downstream Assets
Canada >> 1/8/2019 - Husky Energy (HSE) announced it will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery. ...
TAG Oil's Shareholders Approve Sale of Taranaki Basin assets to Tamarind Resources
New Zealand >> 1/4/2019 - TAG Oil reports that at the special meeting of TAG’s shareholders held Jan 3, TAG’s shareholders approved the proposed special resolution regarding the arm’s length sale of substantially all of TAG’s ...
Presidential Decree on Matanda Received
Cameroon >> 1/2/2019 - Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, is pleased to announce that its wholly owned subsidiary Gaz du Cameroun S.A (“GDC”) has received the Decree sign...
Successful Divestment of DEA’s Gas Storage Facilities in Bavaria
Germany >> 1/1/2019 - DEA Deutsche Erdoel AG sold three underground natural gas storage facilities operating in southern Bavaria to Slovak NAFTA a.s., a company of the EPH Group, with effective transaction date of January ...
Pandion Acquires 30 Percent of PL 842 from Aker BP
Norway >> 12/31/2018 - Pandion Energy AS (Pandion Energy) has entered into an agreement with Aker BP ASA (Aker BP) to acquire a 30 percent interest in PL 842 in the Norwegian Sea. The license is located in blocks 6608/10, 1...
Petronas Acquires 10% Stake in Block 61
Oman >> 12/31/2018 - Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd (Petronas), has completed the acquisition of a 10 per cent stake in a gas field in onshore Oman from Oman Oil Company Exploration & Pro...
Amerisur Resources Completes Putumayo Acquisition
Colombia >> 12/31/2018 - Amerisur Resources Plc is pleased to announce the approval from the Agencia Nacional de Hidrocarburos (ANH) to the assignment of 100% Operated working interest in the Putumayo 14 (Put-14) block in Col...
Medco Will Acquire Ophir Energy
Indonesia >> 12/31/2018 - Statement regarding the potential acquisition of Ophir Energy plc (Ophir) by PT Medco Energi Global PTE Ltd (Medco) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk). ...
Gazprom Neft & Repsol Developing Exploration Cluster in Karabashsky 10 License
Russia >> 12/29/2018 - Gazprom Neft and Repsol have established a joint venture to undertake geological exploration in the Karabashsky zone of the Khanty-Mansi Autonomous Okrug-Yugra. ...

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