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Acquisitions and Divestitures News

The Republic of The Gambia Approves Farm-out to PETRONAS
Gambia >> 8/28/2018 - The Government of The Republic of The Gambia in West Africa has approved the assignment by FAR Gambia Ltd of a 40% interest in petroleum licences for offshore Blocks A2 and A5 in The Gambia to a subsi...
Total Sells Equity in India’s Hazira Terminal and Signs LNG Sales Agreement with Shell
India >> 8/27/2018 - Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approv...
Pieridae and Ikkuma to Complete a Business Combination
Canada >> 8/26/2018 - Pieridae Energy and Ikkuma Resources have entered into a definitive agreement dated August 23, 2018 providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma to b...
Ithaca Energy Enters into Agreements to Acquire Greater Stella Area licences
United Kingdom >> 8/24/2018 - Ithaca Energy Limited has entered into agreements to acquire all the Greater Stella Area (“GSA”) licences and associated infrastructure interests of Dyas UK Limited (“Dyas”) and Petrofac Limited (“Pet...
United Oil & Gas Confirms Award of Two Blocks in the UK North Sea
United Kingdom >> 8/23/2018 - United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced that further to the announcement of 24 May 2018, it has accepted the formal offer ...
South African Watchdog Approves Glencore's Bid for Chevron Assets
South Africa >> 8/23/2018 - South Africa’s competition watchdog approved Glencore’s roughly $900 million bid for Chevron’s local and Botswana assets on Thursday, bolstering its chances of scuppering a rival bid from China’s Sino...
U.S. Energy Corp Announces MoU to Acquire Bakken Assets
United States >> 8/22/2018 - U.S. Energy Corp. has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota. <...
Total has Officially Withdrawn from South Pars phase 11
Iran >> 8/21/2018 - Total has officially left Iran due to the threat of secondary sanctions from the United States if it were to continue to do business with Tehran, Iranian state television reported on Monday, citing oi...
Faroe Petroleum Announces Farm-in to Azinor Catalyst's UKCS Agar/Plantain Well
United Kingdom >> 8/14/2018 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has farmed into the UK Cont...
Eni Granted New Exploration License Offshore Egypt
Eni Granted New Exploration License Offshore Egypt Egypt >> 8/14/2018 - Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian auth...
Exxon Mobil Farms in to PEL 44, Offshore Namibia
Namibia >> 8/14/2018 - Azinam Limited, the Seacrest Capital Group-backed Namibian explorer, is pleased to announce that ExxonMobil Namibia (PEL44) Limited, an affiliate of Exxon Mobil Corporation, has entered into an agreem...
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert Egypt >> 8/13/2018 - Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is ...
Petronas Acquires 30% in Senegal’s Rufisque Offshore Profond Block
Senegal >> 8/13/2018 - PETRONAS through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with TOTAL E&P Senegal SAS, a subsidiary of TOTAL, to acquire a 30% participating interest in the Rufisque Offshore ...
Neptune Energy Agrees to Acquire UK Central North Sea Assets
United Kingdom >> 8/13/2018 - Neptune Energy Group (“Neptune”) has entered into a Sale and Purchase Agreement to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited (“ANSL”)...
Cenovus Reaches Agreement to Sell Pipestone Business for $625 Million
Canada >> 8/9/2018 - Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alb...
Calima Energy Completes Montney Farm-in Transaction
Canada >> 8/8/2018 - Calima Energy Limited has advised that following the successful completion of the takeovers of TSV Montney Ltd (“TSVM”) and TMK Montney Ltd (“TMKM”), the Company will own a 100% working interest in 72...
Serica Energy Acquires Total E&P's Interests in the Bruce and Keith Fields
United Kingdom >> 8/3/2018 - Serica Energy has signed a Sale and Purchase Agreement to acquire further interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea from Total E&P UK. Under the SPA, Se...
ConocoPhillips Sells Barnett Assets to Lime Rock Resources
United States >> 8/2/2018 - ConocoPhillips has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this tr...
Vanguard Natural Resources Announces Additional Asset Divestitures
United States >> 8/2/2018 - Vanguard Natural Resources, Inc. has closed the sale of its ownership in natural gas properties and associated midstream assets in the Potato Hills field in the Arkoma Basin for gross proceeds of $22....
Siemens Strengthens Its Digital Enterprise Leadership
Germany >> 8/1/2018 - Siemens has signed an agreement today to acquire mendix, a pioneer and leader in cloud native low code application development. Under the agreement, Siemens will pay in cash €0.6 billion to acquire th...

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