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Acquisitions and Divestitures News

Petrobras Starts Sale of Onshore Fields of Rio Ventura Cluster
Brazil >> 6/25/2019 - Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interestin eight exploration and production con...
Nostrum Oil & Gas announces Proposed Acquisition of Oil & Gas Assets in North West Kazakhstan
Kazakhstan >> 6/24/2019 - Nostrum Oil & Gas, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, has agreed, subject to certain conditions, to acq...
Exxon Mobil Seeks Bids for Norwegian Offshore Assets
Norway >> 6/22/2019 - Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast. It has retained stakes in more than 20 other fields, including Equinor-operated Snorre and ...
Empire Energy Sells Kansas Assets to Mai Oil
United States >> 6/21/2019 - Empire Energy Group Limited is pleased to advise shareholders that it has entered into a Purchase and Sale Agreement (“PSA”) with Mai Oil Operations, Inc (“Mai Oil”) for the sale of its Kansas assets ...
Pavilion Energy Acquires Iberdrola’s Portfolio of LNG Assets
Spain >> 6/20/2019 - Pavilion Energy Pte Ltd has entered into an agreement to purchase the portfolio of LNG assets of Spanish global energy leader, Iberdrola1. ...
Equinor & Partners Fully Align Interests in Carcara Oil Discovery
Brazil >> 6/19/2019 - Equinor and Barra Energia (Barra) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total ...
Proposed Disposal of 50% of Put-8 for $ 19.1M to Occidental
Colombia >> 6/17/2019 - Amerisur Resources Plc (Amerisur), the oil and gas producer and explorer focused on South America (AMER), announces that it has entered into a conditional agreement (the Agreement) with Occidental And...
Claren to Acquire Remaining 60% Interest in the Bobocu Gas Field
Romania >> 6/17/2019 - Claren Energy Corp. is pleased to announce that its wholly owned subsidiary, Claren Operations Ltd., has entered into an agreement with Zeta Petroleum (Romania) S.R.L., to acquire the remaining sixty ...
KUFPEC Returns to Operatorship in Indonesia
Indonesia >> 6/13/2019 - The government of the Republic of Indonesia has officially awarded the Anambas Block Production Sharing Contract (the “Anambas PSC”) to KUFPEC Indonesia (Anambas) B.V., a subsidiary of KUFPEC. The aw...
Glencore Puts Chad Oilfields up for Sale
Chad >> 6/12/2019 - Glencore has put its oilfields in Chad up for sale. Glencore expanded in the upstream sector around a decade ago in order to secure oil flows, but the value of the assets tumbled with the oil price sl...
Pelfaco Signs Oil Production Sharing Deal with Congo
Congo >> 6/11/2019 - Pelfaco signed a production sharing deal with Congo Republic’s state energy firm on a 32-million barrel oil field. The field in the south of the country would last for 25 years.
Shell Agrees to Sale of Martinez Refinery
United States >> 6/11/2019 - Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF ...
Gazprom & OMV Set Price for OMV's Purchase a 24.98% Interest in Achimov IV & V Phase Development
Russia >> 6/9/2019 - Gazprom and OMV signed at the St. Petersburg International Economic Forum 2019 the Contract on the amendments to the Basic Agreement on Asset Sale. The signing ceremony took place in the presence of A...
LUKOIL Signs HoA with KazMunayGaz in Kazakh Sector
Kazakhstan >> 6/9/2019 - At the 23rd St. Petersburg International Economic Forum, President of LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGaz Alik Aidarbayev have signed a Heads of Agreement on the...
NOVATEK & CNOOC Sign Share Purchase Agreement for Arctic LNG 2 Stake
Russia >> 6/7/2019 - As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK has signed the Share Purchase Agreement (“Agreement”) with CNOOC Ltd. (“CNOOC”) in relation to the sale of a 10% particip...
PGNiG Purchased Interest in Another Gas Field in Norway
Norway >> 6/7/2019 - PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of production in the part attributable to PGNiG may reach 0.2...
Nigerian Petroleum Revokes 6 Oil Block Licences due to 'legacy debts'
Nigeria >> 6/6/2019 - Nigeria’s Department of Petroleum Resources has revoked six oil block licenses due to “legacy debts”. The oil mining leases (OML) and oil prospecting licences (OPL) affected are OML 98, 120, 121, 108 ...
Sale of New Age Interest in Marine XII Licence
Congo >> 6/6/2019 - New Age (African Global Energy) Limited announces that its subsidiary New Age M12 Holdings Limited has signed a Sale and Purchase Agreement (‘SPA’) with LUKOIL Upstream Congo SAU, a wholly owned subsi...
Eni Awarded 2 Exploration Blocks Offshore Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 6/3/2019 - Eni has signed the contracts for two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast. The blocks were part of the 20 blocks available at the end of 2018. ...
BP to Divest Mature Oil Assets in Egypt to Dragon Oil
BP to Divest Mature Oil Assets in Egypt to Dragon Oil Egypt >> 6/3/2019 - BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing a...

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