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Acquisitions and Divestitures News

ADX Energy Farmed Out 50% Interest in D 363 C.R-.AX Permit in Italy
Italy >> 10/31/2018 - ADX Energy Ltd (ADX) is pleased to announce that it has signed an agreement with SDP Services Limited (“SDP”) to farmout a 50% interest in the d 363 C.R-.AX Permit (License) containing the Nilde Oil R...
Vitol-led Consortium Buys Petrobras’ Nigerian Assets for $1.4B
Nigeria >> 10/31/2018 - A consortium led by Vitol and comprising Africa Oil Corp (“Africa Oil”) (25%), Delonex Energy Ltd. (“Delonex”) (25%) and Vitol Investment Partnership II Ltd. (“Vitol”) (50%), (collectively, the “Conso...
Guyana President Approves Eco Atlantic's Farmeout Interest in Orinduik Block
Guyana >> 10/31/2018 - Eco (Atlantic) Oil & Gas Ltd (Eco Atlantic) (ECO), the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, announces that, further to the Company's annou...
Update on Seven Energy Transaction
Niger >> 10/31/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is this morning pleased to announce an update on the Seven Energy Transa...
Eni Strengthens Its Presence in the Algerian North Berkine Basin
Algeria >> 10/29/2018 - The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today that will see ...
UAE's RAK Gas Signs Production Sharing Agreement with Zanzibar
Tanzania >> 10/29/2018 - The United Arab Emirates’ RAK Gas has signed an oil and gas production sharing agreement with Tanzania’s semi-autonomous region of Zanzibar. The government of Ras Al Khaimah, the owner of RAK Gas, sai...
Talon Petroleum Farms into Corallian's Curlew A Discovery
United Kingdom >> 10/26/2018 - Talon Petroleum Limited has entered into an agreement with Corallian Energy Limited to earn a 10% interest in Licence P2396, subject to Oil & Authority (OGA) approval of the assignment.    ...
Cue Energy Announces Conditional Agreement for WA-359-P JV and Ironbark Exploration Well Funding
Australia >> 10/26/2018 - Cue Energy Resources has announced that its 100% subsidiary Cue Exploration, has executed an agreement (Co-ordination Agreement) with BP Developments, Beach Energy and New Zealand Oil & Gas where each...
Cue Energy Announces WA-359-P Farmout and WA-409-P Option Agreements
Australia >> 10/26/2018 - Cue Energy Resources Limited has advised that through its 100% owned subsidiary, Cue Exploration Pty Ltd, it has executed agreements whereby New Zealand Oil & Gas will, subject to certain conditions a...
Whitebark Energy Sells Xanadu Interest to Triangle Energy
Australia >> 10/25/2018 - Whitebark Energy has executed a Sale and Purchase Agreement to sell its 15% interest in TP15 (the Perth Basin permit containing the Xanadu oil discovery) to Triangle Energy (Global) Ltd for $5 million...
Whitebark Energy Sells TP-15 Interest for Up to $5m
Australia >> 10/24/2018 - - Whitebark has executed a Sale and Purchase Agreement to sell its 15% interest in TP-15 to Triangle Energy (Global) Ltd for up to $5m. ...
Indonesia Awards 2 Oil And Gas Blocks - Eni Fails to Win Makassar Strait Block
Indonesia >> 10/22/2018 - Indonesia has awarded two oil and gas blocks of six auctioned by the government, deputy energy minister Arcandra Tahar told reporters on Monday. ...
Blue Water Energy to Enter Partnership with Apex International
Blue Water Energy to Enter Partnership with Apex International Egypt >> 10/22/2018 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA), today announced that affiliates o...
Petronas Buys 10 Percent Stake in Oman's Al Khazzan Field
Oman >> 10/21/2018 - Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10 percent stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned...
Divestment of New Zealand PEP51153
New Zealand >> 10/19/2018 - Melbana Energy Limited provides the following update on the divestment of its 30% interest in its non-core New Zealand Permit PEP51153 (“Permit”). ...
Petrofac Completes Sale of 49% of its Mexico Operations
Mexico >> 10/19/2018 - Petrofac Limited has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico ...
SDX Provides Update on Potential Acquisition
SDX Provides Update on Potential Acquisition Egypt >> 10/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant pa...
Equinor Further Focuses NCS Portfolio
Norway >> 10/18/2018 - Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million. ...
Eni Acquires New Exploration Rights in Mozambique
Mozambique >> 10/17/2018 - At the presence of the Ministry for Mineral Resources and Energy Ernesto Max Tonela, Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5...
Shell selling Upstream Interests in Denmark to Noreco for $1.9B
Shell selling Upstream Interests in Denmark to Noreco for $1.9B Denmark >> 10/17/2018 - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell O...

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