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Acquisitions and Divestitures News

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 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 ...
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...
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). ...
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...
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...
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. ...
Equinor Completes Sales of Two non-Core NCS Assets
Norway >> 12/28/2018 - Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018. The first sale, of a 77.8% operated interest in the King ...
Tethys Oil to Buy Minority Stake in Oman's Block 53
Oman >> 12/23/2018 - Tethys Oil has entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman from Total E&P Oman, a wholly-owned subsidiary of Total. Block 53 holds the Mukhaizna ...
OMV Closes the Divestment of Parts of Its Business in Tunisia
Tunisia >> 12/21/2018 - OMV, the international integrated oil and gas company based in Vienna, has closed the previously announced transaction to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of ...
Mitsui, Aramco & Russia's RDIF in Talks to Buy Arctic LNG 2 Stakes
Russia >> 12/21/2018 - Japan’s Mitsui & Co Ltd (8031.T), Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s (NVTK.MM) Arctic LNG 2 project, with the size of the investments still to ...
Bass Oil Withdraws from North Madura PSC Deal with AziPac
Indonesia >> 12/20/2018 - Australian-based Indonesian oil producer Bass Oil has announced that it has elected to withdraw from the acquisition of a 100% participating interest in the North Madura Production Sharing Contract (P...
Maurel & Prom Completes Acquisition of Shell’s Stake in the Urdaneta West Field
Venezuela >> 12/20/2018 - Maurel & Prom announced in the press release published on 12 October 2018 the signature of a Share Sale and Purchase Agreement (the 'SSPA') for the acquisition of Shell Exploration and Production Inve...

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