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Acquisitions and Divestitures News

Shell Secures Exploration Acreage Offshore Mauritania
Mauritania >> 7/23/2018 - Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. (“Shell”) signed two Production Sharing Contracts with the government of Mauritania ...
Sale of Concessions in the Deepwater Sergipe Basin
Brazil >> 7/20/2018 - Petrobras, further to the material fact of 05/23/2018 , informs the beginning of the binding phase related to the partial sale, without transfer of operatorship, of its exploration, development and pr...
Diversified Gas & Oil to Acquire Assets in Appalachian Basin for $575m
United States >> 7/19/2018 - Diversified Gas & Oil PLC, the US based gas and oil producer, completed the acquisition of EQT Corporation's southern Appalachian producing gas and oil and midstream assets, details of which were anno...
Eni and SONATRACH Strengthen Cooperation in Gas Sector in Algeria
Algeria >> 7/18/2018 - The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a fur...
Oil Search Farms-in to PPL 474, 475 and 476 and PRL 39
Papua-New Guinea >> 7/17/2018 - Oil Search has expanded its exploration portfolio in the onshore Gulf Basin, PNG. In July 2018, Oil Search executed a farm-in to PPLs 474, 475 and 476 and PRL 39, located adjacent to the Elk-Antelope ...
PTTEP Sold Its Stake in Montara Field
Australia >> 7/16/2018 - As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in...
Providence Resources Completes Farmout of FEL 2/14 to Total
Ireland >> 7/13/2018 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (“FEL”) 2/14. ...
Chevron Exits Indonesia's Makassar Strait Block
Indonesia >> 7/11/2018 - Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on ...
QEP Resources Enters Agreement to Sell Uinta Basin Assets
United States >> 7/10/2018 - QEP Resources, Inc. announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and re...
LyondellBasell Grants Spheripol & Lupotech T Licenses to PT Chandra Asri Perkasa Tbk
Indonesia >> 7/9/2018 - LyondellBasell (LYB) announced that Indonesian company PT Chandra Asri Perkasa Tbk (CAP), has selected LyondellBasell’s world leading polypropylene (PP) and low density polyethylene (LDPE) technologie...
Sonoro Energy Provides Update on Operations
Indonesia >> 7/9/2018 - Sonoro Energy Ltd. (SNV) announces that the Ministry of Energy in Indonesia has declined its second request for an extension of the Budong Budong Production Sharing Contract ("PSC") in Sulawesi, Indon...
Total Prepares Sale of $1.5 billion of UK North Sea Fields
United Kingdom >> 7/9/2018 - Total is set to sell a third of its stake in the vLaggan Tormore gas field along with other oil and gas assets in the UK North Sea that could fetch a total of $1.5 billion, four banking and industry s...
Bw Group Enters Into a Definitive Agreement to Buy Additional 36.3%Stake in Hafnia Tankers
Singapore >> 7/9/2018 - BW Group has entered into a definitive agreement to buy a 36.3% stake in Hafnia Tankers, a shipping company formed by the management team of former Tankers Inc. The majority of the shares will be acqu...
Norway's Equinor Buys Danske Commodities for €400M
Norway >> 7/6/2018 - Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance ove...
Equinor Aligns Partnership in Brazil’s Carcara Area
Brazil >> 7/4/2018 - Equinor and Barra Energia (“Barra”) have signed an agreement for Equinor to acquire Barra’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. This transaction will enable Equinor and its pa...
Lundin Gains Permit for Appraisal Well in Norwegian Sea
Norway >> 7/3/2018 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 6307/1-1 S, cf. Section 15 of the Resource Management Regulations. Well 6307/1-1 S will be drilled from the ...
CNOOC Signs a PSC with Roc Oil and Smart Oil
China >> 7/3/2018 - CNOOC Limited (CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (Roc Oil) and Smart ...
Bass Oil Gets Extension of Acquisition Settlement Terms with Cooper Energy for Tangai-Sukananti KSO
Indonesia >> 7/2/2018 - Bass Oil has advised that the Company has negotiated an extension to the settlement terms with Cooper Energy regarding the acquisition of its 55% interest in the Tangai-Sukananti KSO in South Sumatra....
SandRidge Energy Announces Expanded Pursuit of Strategic Options Process with RBC Capital Markets
United States >> 6/29/2018 - The newly constituted Board of Directors of SandRidge Energy has held a series of meetings that have involved a comprehensive review of the position of the Company and how to best maximize value for a...
Polarcus Divests Capreolus Multi-client Asset
Australia >> 6/29/2018 - Polarcus Limited announces that a subsidiary of the Company has signed an agreement for the sale of its 22,130 sq.km. Capreolus 3D survey offshore Australia in return for a cash consideration of USD 6...

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