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Acquisitions and Divestitures News

Senex Energy Transfers Free-carry to Western Flank Oil Assets
Australia >> 4/16/2018 - Senex Energy has announced that it and Beach Energy have reached agreement to transfer up to $43 million free-carry commitment on the joint venture’s unconventional gas project to the Senex operated C...
Columbus Energy Acquires A 50% Interest in Icacos field
Trinidad and Tobago >> 4/16/2018 - 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 potential acquisition of a 50% interest ...
Pandion Acquires 20% of PL 263 D & E from Equinor
Norway >> 4/16/2018 - Pandion Energy AS has entered into an agreement with Equinor Energy AS (Equinor) to acquire a 20 percent interest in licenses PL 263 D and PL 263 E, containing the Appolonia prospect. The licenses are...
Noble Energy Closes Sale of US Gulf of Mexico Business
United States >> 4/12/2018 - Noble Energy, Inc. (NBL) (Noble Energy) closed the previously announced divestment of its U.S. Gulf of Mexico assets to Fieldwood Energy LLC (“Fieldwood”), with an effective transaction date of Januar...
Statoil Completes Acquisition of US Gulf of Mexico Deepwater Discovery
United States >> 4/11/2018 - Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of USD ...
Total Further Increases Its Footprint in Gulf of Mexico
United States >> 4/11/2018 - Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale. Total submitted offers on several assets for a considerati...
Mubadala Petroleum Signed Andaman I PSC in Indonesia
Indonesia >> 4/9/2018 - Mubadala Petroleum has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round. Mubadala Petroleum is the operator of...
Santos Expands Acreage Position around Arcadia
Australia >> 4/6/2018 - The Queensland Government announced that Santos, along with our GLNG JV partners and APLNG, are the successful bidders for the 86km² PRL2016/17-1A block, located directly west of our Arcadia gas field...
Chevron Seeks Extension of Rokan Block Contract in Indonesia Beyond 2021
Indonesia >> 4/6/2018 - Chevron has submitted a proposal to extend its contract to operate the Rokan block in Indonesia beyond 2021, Deputy Energy Minister Arcandra Tahar said on Friday. ...
OMV in $1.5B Concessions Deals with Adnoc
United Arab Emirates >> 4/5/2018 - OMV and Abu Dhabi National Oil Company (ADNOC) agreed that OMV will acquire a 20 percent interest in the concession for the offshore oil fields Satah Al Razboot (with the satellite fields Bin Nasher a...
Italy's Edison Launches Spin-off of Oil & Gas Unit
Italy >> 4/4/2018 - Italian energy group Edison (EDNn.MI), part of French utility EDF (EDF.PA), is preparing the sale of its oil and gas unit, the latest power producer to abandon fossil fuels to focus on its retail busi...
Rose Petroleum Increased Acreage in Paradox Basin
United States >> 4/4/2018 - Rose Petroleum plc (ROSE), the AIM quoted natural resources business, is pleased to announce that it has increased its land position in the Paradox Basin, Utah, U.S.A. (Paradox Basin) with the acquisi...
CEPSA Increases Its Stake in Bir El Msana (Bms) Field in Algeria
Algeria >> 4/4/2018 - Cepsa and Petronas have concluded the acquisition process for Cepsa to take over Petronas’ stake in the Bir el Msana (BMS) field in Algeria. Following the acquisition, the Company has increased its wo...
Diversified Completes Acquisition of Appalachian Assets from CNX Gas Company
United States >> 4/3/2018 - Diversified Gas & Oil PLC, a leading independent US based gas and oil producer focused on the Appalachian Basin, is pleased to announce that the Company has completed its acquisition, previously annou...
Wintershall Awarded Seven Exploration Licenses in Brazil
Wintershall Awarded Seven Exploration Licenses in Brazil Brazil >> 4/3/2018 - Wintershall is continuing its growth course and has now been awarded exploration licenses in Brazil. In its 15th bidding round, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) ha...
Sale of Tartaruga Verde and Module III of Espadarte Fields
Brazil >> 4/3/2018 - Petroleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (Teaser) related to the sale of its 50% non-operated working interest in Tartaruga Verde field (BM-C-3...
Advent Energy Awarded Licence Extension for EP386 in Northern Western Australia
Australia >> 4/3/2018 - MEC Resources has provided an update on the EP386 exploration permit in northern Western Australia. The Company’s investee Advent Energy holds a 100% interest in EP386 through wholly owned subsidiary ...
Egdon Farms out Further Interest in PEDL253 to Humber Oil & Gas
United Kingdom >> 4/3/2018 - Egdon Resources plc has signed a Farm-out Agreement in respect of a further 5% interest in PEDL253 with Humber Oil & Gas Limited ("Humber", a private company) under the same terms as the farm-out prev...
ConocoPhillips Provides Update on Disposition Program
United States >> 4/2/2018 - ConocoPhillips (COP) provided several updates on disposition activity and early life-cycle acreage acquisition activities. ...
Hibiscus Petroleum Completes Acquisition of North Sabah PSC from Shell
Malaysia >> 4/1/2018 - Hibiscus Petroleum Bhd (HIBISCS) is pleased to announce that its indirect wholly owned subsidiary SEA Hibiscus Sdn Bhd (SEA Hibiscus) has completed its acquisition of a 50% participating interest in t...

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