Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

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...
Hess Announces Sale of Utica Acreage
United States >> 6/29/2018 - Hess Corporation has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately ...
Total to Sale of Its Stake in the Dunkerque LNG Terminal
France >> 6/28/2018 - Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion o...
Disposal of Chergui Asset
Tunisia >> 6/28/2018 - Petrofac has agreed the sale of its entire 45% interest in the Chergui asset in Tunisia to Perenco. This sale marks another milestone in the Group’s strategy to transition back to a capital light busi...
Whitebark Takes Control of Warro
Australia >> 6/26/2018 - Whitebark Energy (WBE) is pleased to announce the return to full ownership of the Warro Gas Discovery, 200km North East of Perth. ...
Beach Completes Acquisition of Toyota Tsusho’s 5% in Otway Project & 11.25% in BassGas Project
Australia >> 6/26/2018 - Beach Energy Limited (BPT, “Beach”) is pleased to advise that it has completed the transaction with Toyota Tsusho Corporation and related parties (“Toyota Tsusho”) as announced on 21 December 2017. ...
Oranto Petroleum Farms into Zambian Oil Blocks
Zambia >> 6/26/2018 - Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country. ...
SPA Signed for the Acquisition of 50% Interest in the Icacos Field
Trinidad and Tobago >> 6/25/2018 - 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 acquisition of a 50% interest in the Ica...
SOCO International Completes a Sale of Congo (Brazzaville) Assets
Congo >> 6/25/2018 - SOCO is pleased to announce that it has signed and completed a sale and purchase agreement (the SPA) with Coastal Energy Congo Limited (Coastal Energy), to sell its entire shareholding in SOCO Congo L...
RH Petrogas Awarded New 20-Year Terms for Kepala Burung & Salawati Kepala Burung PSC
Indonesia >> 6/25/2018 - The Board of Directors of RH Petrogas Limited (the Company) is pleased to advise that the Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) has on 22 June 2018 notified the ...
Pentanova Energy Announces Farmout Agreement in Colombia
Colombia >> 6/22/2018 - PentaNova Energy Corp. (PentaNova) (PNO), is pleased to announce the signing of the SN-9 Farm Out Agreement (the Agreement) with Panacol Oil & Gas (Panacol), a wholly owned subsidiary of LATAM Oil & G...
Shell Completes Sale of Stake in Thailand’s Bongkot Field
Thailand >> 6/21/2018 - Shell announced that its affiliates, Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage of...
Shell to Sell Draugen and Gjoa Interests to OKEA AS
Norway >> 6/20/2018 - Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjoa in Norway for $556 millio...
Eni Completes 10% Stake Sale in Shorouk Concession, Offshore Egypt
Eni Completes 10% Stake Sale in Shorouk Concession, Offshore Egypt Egypt >> 6/20/2018 - Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the superg...
Eni Signs Sale Agreement with INA for Upstream Activities in Croatia
Croatia (Hrvatska) >> 6/20/2018 - Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently produces about 2.5 thousand barrels of oil equivale...
Shell Granted Drilling Permit for Well 6304/3-1 in PL 832
Norway >> 6/19/2018 - The Norwegian Petroleum Directorate has granted Norske Shell a drilling permit for wildcat well 6304/3-1 in production licence PL 832. Well 6304/3-1 will be drilled from the Scarabeo 8 drilling facili...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.