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Acquisitions and Divestitures News

GeoPark Acquires Colombia & Chile Assets from LG International
Colombia >> 11/27/2018 - GeoPark Limited (GPRK) announced an agreement to acquire the LG International Corporation (LGI) interest in GeoPark’s Colombian and Chilean operations and subsidiaries. ...
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall United Arab Emirates >> 11/26/2018 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project with a 10 per cent stake. The Ghasha Concession co...
Vintage Energy Completes Acquisition of 15% Interest in Galilee 'Deeps'
Australia >> 11/26/2018 - Vintage Energy has announced that documentation has been fully executed for the transfer of a 15% interest in the Galilee Basin Deeps Joint Venture (GBDJV) across ATP 743, ATP 744 and ATP 1015 to Vint...
Venezuela Rejected BP Bid to Buy Total's Stake in Gas Block
Venezuela >> 11/26/2018 - Venezuela’s oil ministry last month turned down a proposal by BP (BP.L) to buy Total’s (TOTF.PA) stake in a promising but inactive natural gas project along the maritime border with Trinidad and Tobag...
OPL 310 Licence Relief from Expiration
Nigeria >> 11/26/2018 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces that the Company has written to the Federal Ministry of Petroleum Resources for a relief from ...
China's CNPC Replacing France's Total in South Pars Gas Project
Iran >> 11/25/2018 - China’s state-owned CNPC has replaced France’s Total in Iran’s multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on...
Amerisur Resources Signs $93M Farm-out Agreement with Occidental Andina
Colombia >> 11/23/2018 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, has entered into a farm-out agreement with Occidental Andina, LLC, an affiliate of Occidental Petroleum Corporat...
African Petroleum Relinquishes Licences Offshore Sierra Leone
Sierra Leone >> 11/22/2018 - African Petroleum Corporation Limited issues the following update with regards to its two operated licences in Sierra Leone. ...
Amerisur Resources Announces Operational Updates
Colombia >> 11/21/2018 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to present an update on Corporate and Operational activities in Colombia and Ecuador. ...
Aminex Provides Update on Ruvuma Farm out
Tanzania >> 11/21/2018 - Aminex has announced that, further to the binding agreement signed in July 2018 for the farm-out of 50% of its working interest in the Ruvuma PSA to The Zubair Corporation, the parties have mutually a...
Africa Focused Energy Producer NewAge to Sell Congo Field
Congo >> 11/20/2018 - NewAge is seeking to sell its stake in the Marine XII oil block, a concession off the coast of the Republic of Congo that the Africa-focused energy group jointly owns with Italy’s ENI, two financial s...
Sacgasco Secures Option over Multi-Tcf Sydney Basin Permit
Australia >> 11/19/2018 - Sacgasco has secured an exclusive option to acquire 100% of the issued capital of RL Energy. RL previously signed a Farm-in Agreement dated 2 May 2018 with Asset Energy to earn a 60% Working Interest ...
Ineos in Talks to Buy ConocoPhillips North Sea Assets
United Kingdom >> 11/18/2018 - British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, w...
ShaMaran Acquires Larger Stake in Atrush Block
Iraq >> 11/18/2018 - ShaMaran Petroleum Corp. refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agre...
Bass Oil Acquires North Madura PSC to Expand its Indonesian Portfolio
Indonesia >> 11/13/2018 - Australian-based Indonesian oil producer, Bass Oil has entered into a heads of agreement to acquire a 100% participating interest in the North Madura Production Sharing Contract (PSC) which covers an ...
ADNOC Signs Hail, Ghasha and Dalma Ultra-Sour Gas Concession with Eni
United Arab Emirates >> 11/13/2018 - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multinational oil and gas company, ENI, awarding it a 25...
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala Egypt >> 11/12/2018 - The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi,...
Eland Oil & Gas Confirms OML 40 Licence Renewal
Nigeria >> 11/12/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced, through its joint-venture subsidiary, Elcrest Exploration...
ADNOC Grants Total 40% Stake in Unconventional Gas Concession
ADNOC Grants Total 40% Stake in Unconventional Gas Concession United Arab Emirates >> 11/11/2018 - On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventiona...
BHP Successful in Bids for Blocks in the Offshore Orphan Basin
Canada >> 11/8/2018 - the Canada Newfoundland and Labrador Offshore Petroleum Board announced that BHP has been successful in its bids to acquire a 100% participating interest in, and operatorship of, two exploration licen...

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