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Acquisitions and Divestitures News

Sale of Cooper Eromanga Basin Assets
Australia >> 1/29/2020 - Oilex Limited (Oilex or the Company) is pleased to announce that it has signed a binding Heads of Agreement (HOA) with Doriemus plc (Doriemus), an ASX-listed company, for the proposed sale of all of i...
Sale of Participating Interest in Bhandut
India >> 1/28/2020 - Oilex Ltd (the Company or Oilex) is pleased to advise that it has accepted an offer from Kiri and Company Logistics Private Limited (Kiri) to dispose of its 40% participating interest (PI) in the Bha...
Caribx to Increase Share of Main Cape Licence Honduras to 55%
Honduras >> 1/28/2020 - CaribX, the Central American and Caribbean specialist exploration company, is to increase its share of the Main Cape Operating contract in Honduras. Following government approval CaribX will hold a 55...
Jersey Oil and Gas Acquires Equinor's Interest in the Verbier Oil Discovery
United Kingdom >> 1/27/2020 - AIM-listed Jersey Oil & Gas has entered into a conditional Sale and Purchase Agreement ('SPA') to acquire operatorship of, and an additional 70% working interest in Licence P2170 (Blocks 20/5b and 21/...
Europa Oil & Gas Provides Ireland Farm-out Update
Ireland >> 1/23/2020 - Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas exploration, development and production company, provides an update on the farm-out process in respect of the Company’s 100% own...
Total and Tullow Launch Joint Sale of Stakes in Kenyan Oil Project
Kenya >> 1/23/2020 - Total and Tullow Oil aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch. The two oil and gas...
Update on Multi-Year Acquisition Contract in Mexico
Mexico >> 1/22/2020 - Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 4 June 2019, wherein the Company informed that it had signed a two-year acquisition contract...
Mubadala Completes Farm Out of A 20% Interest in Two Blocks in Indonesia
Indonesia >> 1/21/2020 - Mubadala Petroleum announces that it has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) to Prem...
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M Egypt >> 1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. ...
P1929 and P2304 Extension to Term of Exclusivity Agreement
United Kingdom >> 1/20/2020 - The Company is pleased to provide an update to the announcement of 4 November 2019, regarding the exclusivity agreement (the "Agreement") in respect of Licences P1929 and P2304 (the "Licences") with a...
Farm-out Agreement Executed for Cervantes
Australia >> 1/20/2020 - The Board of Metgasco Ltd has executed a re-stated L14 Western Flank farm-out agreement with RCMA Australia Pty Ltd (“Jade”) and Vintage Energy Ltd. ...
RockRose Transfers Operatorship of Brae Area to TAQA
United Kingdom >> 1/17/2020 - RockRose Energy has announced that, subject to receipt of approval by the Secretary of State, it will be passing operatorship of the Brae Area to TAQA Bratani. This follows court proceedings brought b...
Gazprom Neft & Shell to Expand Their Joint Project to Develop Salym Group of fields in KhMAO
Russia >> 1/17/2020 - Gazprom Neft and Shell have agreed to expand their JV Salym Petroleum Development. The company’s portfolio of assets will include a license for the right to geological survey, exploration and producti...
Rosneft Increases Its Share in Bayernoil Refinery
Germany >> 1/17/2020 - Rosneft Deutschland GmbH, a subsidiary of PJSC Rosneft Oil Company, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft mbH from British BP. As result of this deal, Ros...
Eni Awarded New E&P License in Namibe Basin Offshore Angola
Angola >> 1/17/2020 - ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019. This result allows Eni to furt...
Chrysaor Awarded 8 Licences in Norway in APA 2019
Norway >> 1/16/2020 - On the 14 January 2020 the Norwegian APA 2019 Offshore Licensing Round (Awards in Predefined Areas) were announced. Chrysaor Norge was awarded a total of eight licences with a variety of work programs...
Petrobras Releases Teaser for E&P in Espirito Santo Basin
Brazil >> 1/15/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in two sets of deep-water post-salt offshore concessions, namely Golfinho Cluster and Camarup...
DNO Receives 10 Awards in Norway's APA Licensing Round
Norway >> 1/14/2020 - DNO ASA, the Norwegian oil and gas operator, announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 10 exploration licenses, of which two are operatorships, under No...
New Exploration Award Secures on the Norwegian Continental Shelf
New Exploration Award Secures on the Norwegian Continental Shelf Norway >> 1/14/2020 - The Norwegian Ministry of Petroleum and Energy offers 69 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2019 (APA 2019). ...
Equinor Awarded 23 New Licences on the Norwegian Continental Shelf
Norway >> 1/14/2020 - Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner...

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