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Acquisitions and Divestitures News

Sonoro Energy Provides Update on Operations
Indonesia >> 5/1/2018 - Sonoro Energy Ltd. (Sonoro) has been in discussions with the Indonesian Ministry of Energy and SKKMIGAS, the government energy regulator, to obtain the extension to the Budong Budong License which was...
Minerva Gas Plant acquisition
Australia >> 5/1/2018 - Cooper Energy (COE) announces that it, together with AWE Limited and Mitsui E&P Australia Pty Ltd, has signed an agreement with BHP Billiton Petroleum (Victoria) Pty Ltd (BHP) for the acquisition of B...
Statoil Sells Non-core Asset on UK Continental Shelf
United Kingdom >> 4/30/2018 - Statoil has agreed to sell its 17% non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. ...
Premier Oil Sells Babbage Area Interests to Verus Petroleum
United Kingdom >> 4/30/2018 - Premier has entered into a sale and purchase agreement to sell its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus). The interests include a 47 per cent interest in the Babbage gas fie...
INPEX Appointed Asset Leader for Lower Zakum Offshore Concession
United Arab Emirates >> 4/30/2018 - Inpex Corporation has been appointed as Asset Leader for the Lower Zakum Oil Field offshore Abu Dhabi in the United Arab Emirates (UAE) by the Abu Dhabi National Oil Company (ADNOC). INPEX, which rece...
KCA Deutag Acquires Omani and Saudi Arabian Businesses of Dalma Energy
Oman >> 4/30/2018 - KCA Deutag has completed the acquisition of the Omani and Saudi Arabian businesses of land drilling contractor Dalma Energy. ...
OMV and ADNOC Sign New Offshore Concession Agreement
OMV and ADNOC Sign New Offshore Concession Agreement United Arab Emirates >> 4/29/2018 - His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Sebastian Kurz, Austrian Federal Chancellor witness...
Hess Acquires Interest in New Acreage Offshore Guyana
Guyana >> 4/26/2018 - Hess Corporation (HES) announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 ...
Shell to Sell its Downstream Business in Argentina for $0.95B
Argentina >> 4/24/2018 - Shell has signed an agreement to sell its Downstream business in Argentina to Raizen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the ...
Oryx Petroleum Signs Agreement to Divest Interests in Haute Mer B License
Congo >> 4/23/2018 - Oryx Petroleum Corporation Limited announces that a wholly-owned subsidiary has entered into a Farmout Agreement with a subsidiary of Total S.A. (the “Buyer”), providing for the transfer of the Corpor...
Libya Examines Total-Marathon Purchase, Casting Doubt on Deal
Libya >> 4/23/2018 - Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several s...
Greece Launches Tender for Selling a Stake in Hellenic Petroleum
Greece >> 4/18/2018 - Greece launched an international tender to sell a majority stake in its biggest oil refiner, Hellenic Petroleum, as agreed under its third international bailout. ...
Cue Energy Secures Extension of the WA-359-P Permit
Australia >> 4/17/2018 - Cue Energy Resources Ltd is pleased to advise that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Austr...
Pandion Acquires 20% of PL 263 D & E from Equinor
Norway >> 4/16/2018 - Pandion Energy AS has entered into an agreement with Equinor Energy AS (Equinor) to acquire a 20 percent interest in licenses PL 263 D and PL 263 E, containing the Appolonia prospect. The licenses are...
Columbus Energy Acquires A 50% Interest in Icacos field
Trinidad and Tobago >> 4/16/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the potential acquisition of a 50% interest ...
Senex Energy Transfers Free-carry to Western Flank Oil Assets
Australia >> 4/16/2018 - Senex Energy has announced that it and Beach Energy have reached agreement to transfer up to $43 million free-carry commitment on the joint venture’s unconventional gas project to the Senex operated C...
Noble Energy Closes Sale of US Gulf of Mexico Business
United States >> 4/12/2018 - Noble Energy, Inc. (NBL) (Noble Energy) closed the previously announced divestment of its U.S. Gulf of Mexico assets to Fieldwood Energy LLC (“Fieldwood”), with an effective transaction date of Januar...
Statoil Completes Acquisition of US Gulf of Mexico Deepwater Discovery
United States >> 4/11/2018 - Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of USD ...
Total Further Increases Its Footprint in Gulf of Mexico
United States >> 4/11/2018 - Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale. Total submitted offers on several assets for a considerati...
Mubadala Petroleum Signed Andaman I PSC in Indonesia
Indonesia >> 4/9/2018 - Mubadala Petroleum has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round. Mubadala Petroleum is the operator of...

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