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Acquisitions and Divestitures News

Petro-Victory Energy Completes Acquisition of Oil Assets in Brazil
Brazil >> 9/4/2018 - Petro-Victory Energy Corp. (VRY), (Petro-Victory), an acquirer and developer of oil and gas assets, is pleased to announce a US $1.6 million acquisition of production and working interests in 4 oil fi...
Zhao Dong PSC Extension Agreement Signed Between Roc Oil & Petrochina
China >> 9/3/2018 - On 28 August 2018, Roc Oil (Bohai) Company (Roc Oil), a wholly owned subsidiary of Roc Oil Company Limited (ROC), has signed the Seventh Modification and Supplementary (Production Period Extension) Ag...
Coro Energy Announces First Acquisition in Indonesia
Indonesia >> 9/3/2018 - Coro Energy has announced the signing of binding conditional agreements for its first acquisition in Indonesia, which comprises a 42.5% interest in the Lengo gas field, offshore East Java. ...
Frontera in Discussions Regarding Possible Block 12 Farm out
Georgia >> 9/3/2018 - AIM-listed Frontera Resources has provided the following update regarding its operations in Georgia. The Company has announced that it has entered into Non-Disclosure and Data Exchange Agreements with...
ConocoPhillips Asks to Extend Operations in Indonesia Gas Block
Indonesia >> 9/3/2018 - ConocoPhillips has asked Indonesia’s energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said. ...
Tailwind Acquires Shell and Exxon’s Interests in the Triton Assets
United Kingdom >> 9/1/2018 - Tailwind Energy Ltd has signed an agreement with Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited to acquire their interests in the Triton Cluster, w...
Echo Energy Signs New TEA for the Rio Salado Licence, Onshore Bolivia
Bolivia >> 8/31/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the signature of a Letter of Intent ("LOI") to sign a new one year Technical Evaluation Agreement ("TEA...
Sound Energy Signs New Eastern Morocco Petroleum Agreement
Morocco >> 8/31/2018 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce the signing of a new 8 year petroleum agreement uniting the areas previously covered by the Tendrara petroleum agreement...
UK Oil & Gas Acquires Interest in Horse Hill Oil Discovery
United Kingdom >> 8/30/2018 - UK Oil & Gas PLC has entered into a sale and purchase agreement with Solo Oil Plc ("Solo") to acquire their 15% shareholding in Horse Hill Developments Ltd ("HHDL"), the operator and 65% interest hold...
Andalas Energy and Power to Acquire Indonesian Oil Project
Indonesia >> 8/29/2018 - AIM-listed Andalas Energy and Power has entered into a conditional agreement to acquire an interest in the Bunga Mas Production Sharing Contract (PSC), located in South Sumatra, Indonesia. ...
Eni Acquires Prospective Exploration Area Onshore Alaska
United States >> 8/29/2018 - Eni announces the acquisition of 124 exploration leases (for a total of approximately 350,000 acres) onshore in the Eastern North Slope of Alaska from Caelus Alaska Exploration Company, LLC. Eni will ...
Block Energy Announces Update on West Rustavi Licence in Georgia
Georgia >> 8/28/2018 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that the Production Sharing Contract ('PSC') terms for its West Rustavi licence ('We...
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...

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