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Acquisitions and Divestitures News

Blue Water Energy to Enter Partnership with Apex International
Blue Water Energy to Enter Partnership with Apex International Egypt >> 10/22/2018 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA), today announced that affiliates o...
Petronas Buys 10 Percent Stake in Oman's Al Khazzan Field
Oman >> 10/21/2018 - Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10 percent stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned...
Petrofac Completes Sale of 49% of its Mexico Operations
Mexico >> 10/19/2018 - Petrofac Limited has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico ...
Divestment of New Zealand PEP51153
New Zealand >> 10/19/2018 - Melbana Energy Limited provides the following update on the divestment of its 30% interest in its non-core New Zealand Permit PEP51153 (“Permit”). ...
SDX Provides Update on Potential Acquisition
SDX Provides Update on Potential Acquisition Egypt >> 10/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant pa...
Equinor Further Focuses NCS Portfolio
Norway >> 10/18/2018 - Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million. ...
Eni Acquires New Exploration Rights in Mozambique
Mozambique >> 10/17/2018 - At the presence of the Ministry for Mineral Resources and Energy Ernesto Max Tonela, Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5...
Shell selling Upstream Interests in Denmark to Noreco for $1.9B
Shell selling Upstream Interests in Denmark to Noreco for $1.9B Denmark >> 10/17/2018 - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell O...
Advent Energy Acquires Bounty's Interest in Offshore Sydney Basin Permit PEP11
Australia >> 10/16/2018 - Advent Energy subsidiary Asset Energy has exercised the rights to aquire 100% of the participating interest in PEP11, offshore Sydney Basin. Asset Energy has issued a formal notice to former PEP11 joi...
Aker BP Acquires King Lear Discovery
Norway >> 10/15/2018 - Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 ...
Equinor Focuses NCS Portfolio through Sale of Non-Core Discovery
Norway >> 10/15/2018 - Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million. ...
Maurel & Prom Will Acquise Shell’s Stake in Urdaneta West Field
Venezuela >> 10/12/2018 - Etablissements Maurel & Prom notes recent press articles and confirms it is working on the acquisition of Shell Exploration and Production Investments B.V.’s (Shell) 40% interest as “Shareholder B” in...
QGEP Announces Relinquishment of Camarao Norte Discovery
Brazil >> 10/11/2018 - QGEP Participacoes S.A. (QGEP), announced that the Consortium of Block BCAM-40 has begun the relinquishment process with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) of the Camar...
Po Valley Fully Retains North Italian Oil Assets
Italy >> 10/11/2018 - Po Valley Energy is to retain full ownership of two onshore oil fields in northern Italy after their sale to a private London-based resources company, Delta Energy, was blocked by one of Delta’s large...
Chevron Becomes First Oil Major to Exit Norway
Norway >> 10/10/2018 - U.S. oil firm Chevron (CVX.N) will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government...
Hibiscus Petroleum to Acquire Interest & Operatorship in 2 Discovered Oil Fields Offshore UK
United Kingdom >> 10/9/2018 - Hibiscus Petroleum has announced that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK ('AHUK'), has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK)to acqu...
Serica Energy Receives OFAC License & Assurance for Rhum
United Kingdom >> 10/9/2018 - AIM-listed Serica Energy has announced that its wholly owned subsidiary,Serica Energy (UK) and BP have received a conditional License and assurance from the U.S. Office of Foreign Assets Control ('OFA...
Petrosen Seeks Tenders for Disputed Block Offshore Senegal
Senegal >> 10/8/2018 - African Petroleum, an independent oil and gas exploration company with licence interests in offshore West Africa, notes the recent update issued by Petrosen which states that it is seeking tenders for...
Beach Energy Agrees to Sell 40% of its Victorian Otway Interests to Eyal Ofer’s O.G. Energy
Australia >> 10/5/2018 - Beach Energy Limited and Eyal Ofer’s O.G. Energy Holdings Ltd., a member of the Ofer Global group of companies, announce that they have entered into a binding agreement whereby O.G Energy will acquire...
Argos to Take PL001 Licence Reassignment Following Withdrawal of Noble Energy and Edison
Falkland Islands >> 10/4/2018 - Argos Resources Limited, the Falkland Island based exploration company which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, announces that its Working Interest pa...

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