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Acquisitions and Divestitures News

Mosman Oil and Gas Exercises First Option at Arkoma
United States >> 2/28/2018 - Mosman the oil exploration, development and production company is exercising an amended First Option Agreement ("Amended First Option") for the Arkoma Stacked Pay Project ("Arkoma" or the "Project") i...
OMV Divests Upstream Business in Pakistan
Pakistan >> 2/28/2018 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell its Upstream Business in Pakistan to Dragon Prime Hong Kong Limited, Hong Kong. The agreed sale price is EUR 1...
Petrobras Starts Binding Phase for Divestment of Enchova & Pampo Clusters
Brazil >> 2/27/2018 - Petrobras, further to the Material Fact disclosed on July 28, 2017 and press release disclosed on October 4, 2017, informs the start of the binding phase regarding the assignment of all of its explora...
Saudi's SABIC in Talks to Join Shell in Iraq's Nebras Petchem Project
Iraq >> 2/27/2018 - Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is in talks to become a partner in Iraq’s Nebras petrochemical project, an advisor to Iraqi Prime Minister Haide...
Japan's Inpex Wins Abu Dhabi Offshore Oil Stake for $600 Million
United Arab Emirates >> 2/26/2018 - INPEX has been awarded a 10% participating interest in the Lower Zakum concession offshore Abu Dhabi in the United Arab Emirates (UAE) by the Supreme Petroleum Council of the Emirate of Abu Dhabi (SPC...
PETRONAS Joins FAR to Drill Offshore Gambia
Gambia >> 2/26/2018 - FAR Ltd has signed a Farm-out Agreement (“FOA”) with a subsidiary of Petroliam Nasional Berhad (“PETRONAS”) to assign a 40% interest in each of the highly prospective offshore petroleum licences, Bloc...
Columbus Energy to Apply for New La Lora Concession
Spain >> 2/22/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update affecting its Spanish subsidiary, Compania Petroli...
Aker Energy Reaches Agreement to Acquire Hess Ghana
Ghana >> 2/19/2018 - Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50...
NOVATEK Wins Bid for the Gas Assets of ALROSA
Russia >> 2/19/2018 - PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participa...
Baron Oil Signs Agreement with Corfe to Farm in to North Sea Wick Prospect
United Kingdom >> 2/19/2018 - Baron Oil PLC has entered into an option agreement with Corfe Energy Limited to be assigned part of its rights to farm in to UK North Sea Licence P2235, which contains the Wick Prospect. Baron's optio...
ADNOC Signs New Offshore Concession Agreement with Cepsa
United Arab Emirates >> 2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offsh...
Angus Energy Completes First Stage of Balcombe Partnership
United Kingdom >> 2/16/2018 - Angus Energy Plc, the conventional oil and gas production and development company, announces that pursuant to the Company’s 22 January RNS it has initiated the Balcombe Partnership with the completion...
Noble Energy Announces $750M Share Repurchase Program
United States >> 2/15/2018 - Noble Energy, Inc. (NBL) (Noble Energy) announced that its Board of Directors has authorized a $750 million share repurchase program. In addition, the Company has executed an agreement to sell its de...
Oil Search Completes the Alaska North Slope Acquisition
United States >> 2/15/2018 - Oil Search advises that its acquisition of a 25.5% interest in the Pikka Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe Block in the Alaska North Slope from privately-owne...
KPI Signs Agreement to Acquire 50% Ownership of Omani OOC
Oman >> 2/14/2018 - Kuwait Petroleum International (KPI) will sign an agreement to acquire 50 percent share of Oman's Duqm refinery, said oil Minister Eng. Bakheet Al-Rashidi. In a statement to KUNA, Minister Al-Rashidi ...
Woodside to Raise $2.5B to Fund Scarborough Acquisition Projects
Australia >> 2/14/2018 - Woodside Petroleum said it would raise A$2.5 billion ($1.96 billion) from shareholders to fund the purchase of ExxonMobil Corp’s stake in the Scarborough gas field and fund developments in Australia a...
LINN Energy Announces Sale of West Texas Properties for $119.5M
United States >> 2/14/2018 - LINN Energy, Inc. (LNGG) announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119....
Lion Energy Announces Strategic Review of Assets
Indonesia >> 2/14/2018 - Lion Energy, an ASX listed oil & gas exploration & production company focused on Indonesia, has advised it is undertaking a strategic review of its oil and gas assets. ...
Carnarvon Petroleum Awarded New Permit on Western Australia’s North West Shelf
Australia >> 2/12/2018 - Carnarvon Petroleum has informed shareholders that it has been awarded the AC/P63 permit within the Southern Vulcan Sub-basin, on Western Australia’s North West Shelf which will be known as the Eagle ...
Genoil Moves into the MSGBC Basin
Mauritania >> 2/12/2018 - Genoil signed an agreement with CAP Energy to develop oil fields in the MSGBC Basin (Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry). The project on the North West African Atlantic ...

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