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Acquisitions and Divestitures News

Exxon Mobil Unit Sells Italy Refinery, Fuel Terminals to Algeria
Italy >> 5/9/2018 - Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude. ...
No Signs of Total Walking out of SP 11 Deal Yet
Iran >> 5/9/2018 - The CEO of the Pars Oil and Gas Company (POGC) said the company has so far received no official messages from French energy major Total for pulling out of a deal it cut with Iran to develop a major ga...
Transocean Acquires Interest in Harsh Environment Newbuild Semisubmersible
United States >> 5/9/2018 - Transocean Ltd. (NYSE:RIG) announced that, through a joint venture with funds managed and/or advised by Hayfin Capital Management LLP (“Hayfin”), it has purchased a 33.3% interest in the West Rigel, a...
Conoco Moves to Take over Venezuelan PDVSA's Caribbean Assets
Venezuela >> 5/6/2018 - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South ...
Lion Awarded East Seram Block, Offshore & Onshore Seram Island
Indonesia >> 5/4/2018 - Lion Energy has been awarded the East Seram Block. The Block was awarded to the Company under a Gross Split Production Sharing Contract (GSPSC), the commercial terms of which are to be finalized prior...
Santos Announces Sale of Non-Core Asian Assets
Vietnam >> 5/3/2018 - Santos announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for US$221 million. ...
Eni Awarded East Ganal Exploration Block in the Kutei Basin
Indonesia >> 5/2/2018 - Eni has been awarded 100% participating interest in the East Ganal deepwater exploration block in the Kutei Basin, in Indonesia. East Ganal is a new “gross split” PSC (Production Sharing Contract) cov...
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...
Stone Energy Announces Close of Ram Powell Field Acquisition
United States >> 5/1/2018 - Stone Energy Corporation (SGY) ("Stone") announced that the Company closed the transaction contemplated under the previously announced Asset Purchase Agreement dated April 27, 2018 to purchase a 100% ...
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...
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. ...
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. ...
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...
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...
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. ...

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