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Acquisitions and Divestitures News

Equinor Acquires Interest in Polish Offshore Wind Development Project
Poland >> 12/20/2018 - Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Ba?tyk I in Poland from Polenergia. ...
Ecopetrol Expands its Presence in Brazil's Pre-Salt in Alliance with Shell & Chevron
Brazil >> 12/20/2018 - Ecopetrol S.A. (ECOPETROL) reports that it closed a deal with companies of the Shell and Chevron groups, which will allow it to expand its stake in Brazil's Pre-Salt Region. The agreement grants Ecope...
Africa Energy Closes Block 11B/12B Transaction in South Africa
South Africa >> 12/19/2018 - Africa Energy Corp. (AFE) (AEC) (Africa Energy), an oil and gas company with exploration assets offshore South Africa and Namibia, has received governmental approval and closed the previously announce...
BP Launches $3B Sale of US Onshore Assets to Fund BHP Deal
United States >> 12/19/2018 - Britainís BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP (BHP.AX), in...
Pilot Energy to Retain Its Interest in WA-503-P
Australia >> 12/19/2018 - Pilot Energy Limited (PGY) (Pilot Energy) wishes to announce that it will not be proceeding with the sale of its beneficial interest in offshore exploration permit WA-503 P (the Permit) to Black Swan ...
ADNOC Awards OMV 5% Stake in Ghasha Offshore Gas Concession
United Arab Emirates >> 12/19/2018 - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austriaís OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nas...
ConocoPhillips Closes Sale of 16.5 percent Interest in Clair Field to BP
United Kingdom >> 12/18/2018 - ConocoPhillips has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhilli...
Relinquishment of Tembo Block Appraisal Licence
Mozambique >> 12/17/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company announces that further to its announcement dated 3 October 2018, it intends to relinquish the Tembo...
Prospex Oil and Gas Increases Interest in Proven Gas Project
Spain >> 12/17/2018 - Prospex Oil and Gas has exercised its option to increase its interest in the Tesorillo Project in southern Spain to 15% from 2.5%. The Exercise is in line with the Company's strategy to expose shareh...
Andalas Energy & Power Announces Eagle Licence Extension
United Kingdom >> 12/17/2018 - Andalas Energy and Power has provided an update on its investment in Eagle Gas. The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. Under the terms of the exten...
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum Mexico >> 12/16/2018 - His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Chief Executive Officer of Eni, signed today a sale and purchas...
Oman Awards Blocks 51, 65 to Oxy, OOCEP
Oman >> 12/16/2018 - Occidental of Oman, the local subsidiary of Occidental Petroleum (Oxy), signed Exploration and Production Sharing Agreements (EPSA) for two new hydrocarbon blocks, effectively ramping up its expanding...
TomCo Energy Announces Placing and Acquisition of Additional Oil Shale Leases
United States >> 12/14/2018 - TomCo Energy plc, the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, has raised £550,000 (gross) by way ...
Chrysaor Sets Sights on Chevron's North Sea Assets
United Kingdom >> 12/13/2018 - Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevronís British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said. ...
Total Reduces Stake in Ichthys LNG
Australia >> 12/13/2018 - Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The tr...
Premier Oil Eyes Bid for Chevronís U.K. North Sea Assets
Norway >> 12/13/2018 - Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. thatís worth about $2 billion, according to people familiar with the...
Total Strengthens Its Exploration Position in Mauritania
Mauritania >> 12/12/2018 - Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania...
UK Oil & Gas Acquires 30% Interest in Arreton Oil Discovery and Licence PEDL331
United Kingdom >> 12/12/2018 - UK Oil & Gas PLC has entered into a binding heads of terms with Solo Oil Plc to acquire their 30% shareholding in the PEDL331 onshore Isle of Wight licence. Upon completion the Company will hold an op...
Gazprom Neft Acquires 2 New License Blocks
Russia >> 12/11/2018 - Gazprom Neft subsidiary Gazpromneft-Khantos has secured subsoil usage rights for geological prospecting, development and production at the Severo-Vaiskiy and Srednevaiskiy license blocks in the Khanty...
Gazprom Neft Expands Its Activities in the Krasnoyarsky Krai
Russia >> 12/10/2018 - Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula. ...

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