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Acquisitions and Divestitures News

Update on Pine Mills Farmout
United States >> 6/15/2020 - Nostra Terra (NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to provide an update regarding the farmout of a po...
Petrobras Starts Non-Binding Phase for Sale of Thermal Power Plants
Brazil >> 6/15/2020 - Petrobras, following up on the press release disclosed on 05/13/2020, informs the beginning of the non-binding phase regarding the sale of four thermal power plants, three of them located in Camaçari,...
Petrobras Starts Binding Phase for the Sale of Colombia’s Assets
Brazil >> 6/12/2020 - Petrobras, in continuation of the communique released on 05/21/2020, informs the beginning of the binding phase regarding the sale of 100% of the shares held by Petrobras International Braspetro BV (P...
PetroTal Announces Three-Year Arrangement with Petroperu
Peru >> 6/12/2020 - PetroTal Corp. (TAL) (AIM: PTAL) (“PetroTal”) is pleased to announce that it has entered into an arrangement with PETROPERU S.A. (“Petroperu”). ...
ReconAfrica Granted New Petroleum Licence in Botswana
Botswana >> 6/11/2020 - Reconnaissance Energy Africa Ltd. (ReconAfrica) has been granted a petroleum licence in northwestern Botswana for 2.45 million acres (9,921 km2) (the "Licence") and has entered into a farm-out option ...
Payment to KUFPEC for Sidi El Kilani
Tunisia >> 6/11/2020 - Zenith Energy Ltd. has made payment for a total of US$250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait's national oil company, in relation ...
3D Oil Completes Farmout of T/49P to ConocoPhillips Australia
Australia >> 6/11/2020 - 3D Oil Limited is pleased to announce that TDO’s wholly owned subsidiary, 3D Oil T49P Pty Ltd (the “Company”), has completed the farmout of T/49P to ConocoPhillips Australia SH1 Pty Ltd (“COP”) follow...
Europa Oil & Gas Acquires Offshore Ireland Licence in Proven Gas Play
Ireland >> 6/11/2020 - Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce the conditional acquisition of a 100% interest ...
Petrobras on Divestment in the Espirito Santo Basin
Brazil >> 6/10/2020 - Petrobras, in reference to the press released on 06/01/2020, regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_...
Glenfarne Expands Its Commitment to LNG Sector with Acquisition of Magnolia LNG
United States >> 6/9/2020 - Glenfarne Group, LLC, a developer, owner-operator and industrial manager of energy and infrastructure assets, announced it has completed the acquisition of Magnolia LNG, an LNG export terminal develop...
Armour Energy Signs HOA for Oilex Australia Assets
Australia >> 6/9/2020 - Further to the previous announcements of 28 May and 1 June 2020, the Board of Armour Energy wishes to advise that agreement has been reached with Oilex Ltd to further defer the date for the satisfacti...
Bahamas Petroleum Announces Uruguay Offshore Licence Award
Uruguay >> 6/9/2020 - Bahamas Petroleum Company has announced that, in its efforts to expand the Company's portfolio options, it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay.

Highlights<...
Investigation into PNG Transaction Concluded
Papua-New Guinea >> 6/9/2020 - Horizon Oil Limited advises that its investigation into Horizon's payment to acquire an interest in Petroleum Retention Licence 21 [PRL 21] in the Western Province of Papua New Guinea [PNG] in 2011 ha...
Red Emperor Chooses Not to Acquire Perth Basin Interest
Australia >> 6/8/2020 - The Board of Red Emperor Resources NL, the natural resource exploration company, has taken the decision not to exercise its option to acquire a 70% operated interest in the offshore Perth Basin explor...
Union Jack Oil Acquires Further Interest in Wressle Hydrocarbon Development Project
United Kingdom >> 6/8/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company has agreed to acquire a further 12.5% economic interest in PEDL180 and PEDL182 containing the W...
Egdon Provides Update on Licences P1929 and P2304
United Kingdom >> 6/8/2020 - Egdon Resources plc provides an update on UK offshore licences P1929 and P2304 (“the Licences”) and the Farm-In Agreement with Shell U.K. Limited (“Shell”).

As advised on 21 January 2020, t...
Chevron & Union Oil Retained EnergyNet Indigo as Technical Advisor
United States >> 6/5/2020 - Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor to facilitate the sale of its Operations, Non-Operated WI, HBP Leas...
Proposed Revised Terms for BP Acquisitions & Agreements with Creditors
United Kingdom >> 6/5/2020 - Highlights
- Amended terms for the acquisition of the Andrew Area and Shearwater assets (together, the “BP Acquisitions”) agreed in principle

- Cash payable at completion reduced to ...
ShoreCan and Essar Mauritius Agree to Resolve Dispute
Nigeria >> 6/4/2020 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company focused on offshore Africa is pleased to announce that its 50% owned joint venture company, Shorel...
Petrobras on Stakes in Power Generation Companies
Brazil >> 6/4/2020 - Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape...

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