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Acquisitions and Divestitures News

Equinor Successful Bids for Three New Licences in Canda
Canada >> 11/7/2018 - Equinor and its partners were the successful bidders for new exploration parcels in the prolific Jeanne d’Arc basin, offshore Newfoundland. ...
QEP Resources Announces $1.725B Agreement to Sell Williston Basin Assets
United States >> 11/7/2018 - QEP Resources, Inc. (QEP) announced that its wholly owned subsidiary, QEP Energy Company, entered into a definitive agreement to sell its assets in the Williston Basin to Vantage Acquisition Operating...
New Namibia Petroleum Agreement
Namibia >> 11/7/2018 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce that Tower Resources (Namibia) Limited, a wholly owned subsidiary of Tower, has signed a new Pe...
OMV Agrees to Divest Parts of Its Upstream Business in Tunisia
Tunisia >> 11/6/2018 - OMV, the international integrated oil and gas company based in Vienna, has reached an agreement to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of Panoro Energy ASA, an O...
Pioneer Announces Sale of South Texas Sinor Nest Oil Assets for $132M
United States >> 11/1/2018 - Pioneer Natural Resources Company (PXD) announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest (Lower Wilcox...
BHP Announces $10.4B Shareholder Return Program
Australia >> 11/1/2018 - BHP plans to return US$10.4 billion to its shareholders through the combination of an off-market buy-back and a special dividend. ...
Petrobras Stops Chevron Plan to Drill in Brazil Offshore Block
Brazil >> 10/31/2018 - A decision by Petrobras not to invest in drilling new wells has derailed Chevron Corp’s plan to resume exploration in a Brazilian offshore field, people familiar with the matter said. ...
2017 Offshore Petroleum Acreage Release Permit Awards
Australia >> 10/31/2018 - The 2017 Offshore Petroleum Exploration Acreage Release has been finalised and 7 new offshore petroleum exploration permits have been awarded to oil and gas companies. ...
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. ...

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