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Acquisitions and Divestitures News

Zennor Acquisition of Britannia Field Interest
United Kingdom >> 9/17/2018 - Zennor Petroleum Limited is pleased to announce that its wholly owned subsidiary, Zennor North Sea Limited, has entered into a Sale and Purchase Agreement with Mitsui E&P UK Limited (“MEPUK”) in respe...
BP Buys 61% Stake In Azerbaijan's Gobustan Onshore Project
Azerbaijan >> 9/14/2018 - British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan said on Friday. BP, as operator, pla...
Vanguard Natural Resources Announces Additional Asset Divestiture Updates
United States >> 9/13/2018 - Vanguard Natural Resources, Inc. has executed a purchase and sale agreement for the sale of its ownership in natural gas properties in the Arkoma basin of Arkansas, which comprise all if its interests...
Total Exercises Option to Acquire a 25% Interest in Orinduik Block
Guyana >> 9/13/2018 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Namibia and Guyana, is delighted to announce that Total E&P Activités Petrolieres, a w...
Matador Announces Acreage Acquisitions in BLM New Mexico Oil and Gas Lease Sale
United States >> 9/12/2018 - Matador Resources Company announced the successful acquisition of 8,400 gross (8,400 net) acres for approximately $387 million, or a weighted average cost of approximately $46,000 per net acre, in Lea...
Azinam Farms into 2 Licences Offshore South Africa
South Africa >> 9/11/2018 - Azinam Limited, the Seacrest Capital-backed South West African oil exploration company, is pleased to announce the acquisition of a 40% operating interest in Block 3B/4B and a 51% operating interest i...
High Interest in Exploration for New Norwegian Licensing Round
Norway >> 9/7/2018 - The Ministry of petroleum and Energy has received a large number of applications for new exploration acreage in the licensing round Awards in Predefined Areas (APA) 2018. ...
Completion of Acquisition of Certain SE Asian Producing Assets
United Kingdom >> 9/6/2018 - Ophir is pleased to announce the completion of the acquisition of the Producing Assets from Santos Limited (“Santos”). ...
Petro-Victory Energy Completes Acquisition of Oil Assets in Brazil
Brazil >> 9/4/2018 - Petro-Victory Energy Corp. (VRY), (Petro-Victory), an acquirer and developer of oil and gas assets, is pleased to announce a US $1.6 million acquisition of production and working interests in 4 oil fi...
Zhao Dong PSC Extension Agreement Signed Between Roc Oil & Petrochina
China >> 9/3/2018 - On 28 August 2018, Roc Oil (Bohai) Company (Roc Oil), a wholly owned subsidiary of Roc Oil Company Limited (ROC), has signed the Seventh Modification and Supplementary (Production Period Extension) Ag...
Coro Energy Announces First Acquisition in Indonesia
Indonesia >> 9/3/2018 - Coro Energy has announced the signing of binding conditional agreements for its first acquisition in Indonesia, which comprises a 42.5% interest in the Lengo gas field, offshore East Java. ...
Frontera in Discussions Regarding Possible Block 12 Farm out
Georgia >> 9/3/2018 - AIM-listed Frontera Resources has provided the following update regarding its operations in Georgia. The Company has announced that it has entered into Non-Disclosure and Data Exchange Agreements with...
ConocoPhillips Asks to Extend Operations in Indonesia Gas Block
Indonesia >> 9/3/2018 - ConocoPhillips has asked Indonesia’s energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said. ...
Tailwind Acquires Shell and Exxon’s Interests in the Triton Assets
United Kingdom >> 9/1/2018 - Tailwind Energy Ltd has signed an agreement with Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited to acquire their interests in the Triton Cluster, w...
Echo Energy Signs New TEA for the Rio Salado Licence, Onshore Bolivia
Bolivia >> 8/31/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the signature of a Letter of Intent ("LOI") to sign a new one year Technical Evaluation Agreement ("TEA...
Sound Energy Signs New Eastern Morocco Petroleum Agreement
Morocco >> 8/31/2018 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce the signing of a new 8 year petroleum agreement uniting the areas previously covered by the Tendrara petroleum agreement...
UK Oil & Gas Acquires Interest in Horse Hill Oil Discovery
United Kingdom >> 8/30/2018 - UK Oil & Gas PLC has entered into a sale and purchase agreement with Solo Oil Plc ("Solo") to acquire their 15% shareholding in Horse Hill Developments Ltd ("HHDL"), the operator and 65% interest hold...
Andalas Energy and Power to Acquire Indonesian Oil Project
Indonesia >> 8/29/2018 - AIM-listed Andalas Energy and Power has entered into a conditional agreement to acquire an interest in the Bunga Mas Production Sharing Contract (PSC), located in South Sumatra, Indonesia. ...
Eni Acquires Prospective Exploration Area Onshore Alaska
United States >> 8/29/2018 - Eni announces the acquisition of 124 exploration leases (for a total of approximately 350,000 acres) onshore in the Eastern North Slope of Alaska from Caelus Alaska Exploration Company, LLC. Eni will ...
Block Energy Announces Update on West Rustavi Licence in Georgia
Georgia >> 8/28/2018 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that the Production Sharing Contract ('PSC') terms for its West Rustavi licence ('We...

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