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Acquisitions and Divestitures News

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...
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...
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 ...
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...
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...
BOEM Announces Region-Wide Oil & Gas Lease Sale for Gulf of Mexico
United States >> 3/30/2018 - In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Ma...
Siccar Announces Sale of Minority Interest in Greater Cambo Area
United Kingdom >> 3/29/2018 - Siccar Point Energy is pleased to announce that on 28 March 2018, a Sale and Purchase Agreement was signed with Shell UK Limited (“Shell”) under which Shell will acquire a 30% non-operated working int...
Senex Granted Petroleum Lease for Project Atlas
Australia >> 3/29/2018 - Senex Energy has been granted a Petroleum Lease and preliminary environmental approvals from the Queensland Government to develop Project Atlas for domestic gas supply. ...
Statoil Awarded Four Blocks Offshore Brazil
Statoil Awarded Four Blocks Offshore Brazil Brazil >> 3/29/2018 - Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and ...
WPX Energy Completes Gallup Sale for USD 700 Million
United States >> 3/29/2018 - WPX Energy has closed an agreement to sell its holdings in the San Juan Basin’s Gallup oil play to Enduring Resources IV, LLC for $700 million prior to closing adjustments. ...
ExxonMobil Wins Eight Deepwater Blocks in Latest Brazil Bid Round
Brazil >> 3/29/2018 - ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to th...
Shell Expands Brazil Operated Footprint with New Deep Water Blocks
Shell Expands Brazil Operated Footprint with New Deep Water Blocks Brazil >> 3/29/2018 - Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (Shell), won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore...
QGEP Acquires Stake in Two Blocks in the 15th ANP Bidding Round
Brazil >> 3/29/2018 - QGEP Participacaes S.A. (QGEP3), informs the that its subsidiary Queiroz Galvao Exploracao e Producao S.A. (QGEP), in partnership with ExxonMobil Exploracao Brasil Ltda. (ExxonMobil) and with Murphy B...
Woodside Completes Scarborough Acquisition
Australia >> 3/29/2018 - Woodside advises that the acquisition of ExxonMobil’s interest in the Scarborough gas field has been completed. The effective date of the transaction is 1 January 2018. ...
BOEM to Open Call for Information & Nominations for Proposed Beaufort Sea Lease Sale
United States >> 3/28/2018 - The Bureau of Ocean Energy Management will publish in the Federal Register a call for information and nominations covering a proposed lease sale in Alaska’s Beaufort Sea Planning Area in 2019. The pro...
Providence & Lansdowne Farm out a 50% Interest in Barryroe to a Chinese Consortium
Ireland >> 3/28/2018 - Providence Resources P.l.c provides a commercial update on Standard Exploration Licence (“SEL”) 1/11 that contains the Barryroe oil accumulation. SEL 1/11 is operated by EXOLA DAC (“EXOLA”)(80%), a w...
Indonesia's Pertamina to Sign Contract to Operate Mansouri Field in May 2018
Iran >> 3/28/2018 - Indonesia’s state oil company Pertamina has won a tender to operate Iran’s Mansouri field and it will sign a petroleum contract in early May, its upstream director told reporters on Wednesday. ...

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