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Acquisitions and Divestitures News

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...
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...
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. ...
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...
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. ...
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. ...
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...

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