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Acquisitions and Divestitures News

Chrysaor Farms-in to Grevling Discovery in Norwegian North Sea
Norway >> 3/26/2018 - OKEA announces that Chrysaor, the leading oil & gas independent, has through its Norwegian subsidiary Chrysaor Norge A.S. entered into an agreement with OKEA to acquire a 15% interest in the PL038D li...
Approved Two PDOs
Norway >> 3/26/2018 - The Ministry of Petroleum and Energy approved the plans for development and operation (PDOs) for Valhall Flank Vest and the Skogul development on 23 march. Both are operated by Aker BP.
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M Iraq >> 3/23/2018 - Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of...
Endeavour Energy Kicks off North Sea Assets Sale
United Kingdom >> 3/22/2018 - Endeavour Energy UK has launched the sale of its North Sea oil and gas assets at an ambitious price target of $500 million, according to two industry sources and a document seen by Reuters. The sale i...
Otto Partner Highest Bidder in Block Adjacent to SM 71
United States >> 3/22/2018 - Otto Energy Limited (OEL) is pleased to advise that Byron Energy Inc, a wholly owned subsidiary of Byron Energy Limited (BYE), wasthe apparent high bidder on the Vermilion Area Block 232 (VR 232) in t...
Chrysaor Buys Three North Sea Fields from Spirit Energy
United Kingdom >> 3/22/2018 - North Sea oil and gas producer Chrysaor has agreed to acquire stakes in three aging fields from Spirit Energy, hoping to prolong their production with new drilling, the company said in a statement. ...
CNH announces the Conformation of Bidders for Round 3.1
Mexico >> 3/22/2018 - The Governing Body of the National Hydrocarbons Commission (CNH) approved the formation of bidders to participate in the First Round Three Tender, CNH-R03-L01 / 2017, consisting of 35 Contractual Area...
ADNOC Awards PetroChina Stakes in Two Offshore Concessions
United Arab Emirates >> 3/21/2018 - PetroChina Company Limited (“PetroChina”) has been awarded stakes in Abu Dhabi’s two offshore oilfield concessions following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC).<...
Strata-X Triples Botswana Acreage Position
Botswana >> 3/20/2018 - The directors and management of Strata-X Energy Ltd. are pleased to announce that the Company has acquired two new Prospecting Licenses for its Serowe CSG Project covering 406,735 acres. The new licen...
Petsec Energy Announces Yemen Block 7 Acquisition and Operatorship
Yemen >> 3/19/2018 - Petsec Energy has completed the transaction with Oil Search to acquire all of the shares of its subsidiary Oil Search (ROY) Limited which holds a 40% working interest (34% participating interest) in t...
INPEX Awarded Exploration Block WA-533-P Offshore Western Australia
Australia >> 3/19/2018 - INPEX CORPORATION was individually awarded an exploration permit for Release Area WA-533-P (the Block) as Operator in Australia’s 2017 Offshore Petroleum Exploration Acreage Release. INPEX Browse will...
Abu Dhabi Signs $1.45B Two Concession Agreements with Total
Abu Dhabi Signs $1.45B Two Concession Agreements with Total United Arab Emirates >> 3/18/2018 - Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the fram...
BP Seeking Buyers for Stake in Ageing Egyptian Business
BP Seeking Buyers for Stake in Ageing Egyptian Business Egypt >> 3/15/2018 - BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country’s Mediterranean coast, banking sources said. ...
OMV Acquires Shell’s Upstream Business in New Zealand
New Zealand >> 3/15/2018 - OMV, the international integrated oil and gas company based in Vienna, has agreed to acquire Shell’s Upstream business in New Zealand comprising joint venture interests in Pohokura (48%), the largest ...
Noble Energy Closes Sale of 7.5% Working Interest in Tamar
Israel >> 3/14/2018 - Noble Energy, Inc. announced the closing of the previously announced divestment of a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. Noble Energy remains ope...
W&T Offshore was Successful Bidder to Acquire an Interest in Heidelberg Field
United States >> 3/12/2018 - W&T Offshore, Inc. was the successful bidder on an interest in three blocks in the Heidelberg field in the Gulf of Mexico offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt Int...
Eni Sells to Mubadala A 10% Stake in the Shorouk Concession
Eni Sells to Mubadala A 10% Stake in the Shorouk Concession Egypt >> 3/11/2018 - Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is loc...
Italy's Eni Wins Two Abu Dhabi Oil Concessions for $875M
Italy's Eni Wins Two Abu Dhabi Oil Concessions for $875M United Arab Emirates >> 3/11/2018 - Eni signed in Abu Dhabi two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas offshore fields of Umm Shaif...
Solo Oil Announces Completion of Horse Hill Acquisition
United Kingdom >> 3/9/2018 - Solo, the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, today confirms the completion of the acquisi...
Shell Seeks to Sell out of Several Norwegian Fields
Norway >> 3/9/2018 - Royal Dutch Shell is selling out of the ageing Draugen field in Norway and is also offering small stakes in a number of other fields, according to a document seen by Reuters. ...

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