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Acquisitions and Divestitures News

Premier Oil Awarded the Andaman II Licence, Indonesia
Indonesia >> 1/31/2018 - Further to the announcement by the Government of Indonesia, Premier is pleased to confirm that it, together with its joint venture partners Mubadala Petroleum and Kris Energy, has been awarded the And...
PTTEP Strikes a Deal to Acquire Shell’s Stake in Bongkot Project
Thailand >> 1/31/2018 - PTT Exploration and Production Public Company Limited (PTTEP) announces that on 31 January 2018, PTTEP and PTTEP International Limited (a wholly-owned subsidiary of PTTEP) have signed an Agreement for...
Galp Farms-down 40% in Namibia PEL 82 to ExxonMobil
Namibia >> 1/31/2018 - Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration License (PEL) 82 in Namibia to an ExxonMobil subsidiary. ...
Transocean Ltd. Closes the Acquisition of Songa Offshore SE
United States >> 1/30/2018 - Transocean Ltd. (NYSE:RIG) announced today that it has closed the acquisition of Songa Offshore SE (“Songa Offshore”). Transocean currently owns 187,390,391 Songa Offshore shares representing approxim...
Lime Petroleum Sells Stake in Norwegian Sea Licence
Norway >> 1/30/2018 - Rex International Holding Limited announces that its 90 per cent subsidiary Lime Petroleum AS has entered into an agreement to divest its 20 per cent participating interest in licence PL762 located in...
Noble Energy Announces Tamar Sell-Down
Israel >> 1/29/2018 - Noble Energy, Inc. (NBL) announced that it has signed a definitive agreement to divest a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. (TMRP) for cash proce...
Statoil Quits Talks over Stake in Mozambique Offshore Gas Block
Mozambique >> 1/29/2018 - Norway’s Statoil said it has pulled out of negotiations to take a 25.5 percent stake in a gas block off Mozambique, citing a lack of progress after more than two years of talks. Statoil, Eni, South...
China Sells Exploration Rights for Three Oil And Gas Blocks in Xinjiang
China >> 1/26/2018 - China has sold exploration rights for three oil and gas exploration blocks in the remote northwest Xinjiang region for more than 2.7 billion yuan ($422 million), the Xinhua news agency reported. ...
Total Acquired Anchor Discovery in Gulf of Mexico
Total Acquired Anchor Discovery in Gulf of Mexico United States >> 1/24/2018 - Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent...
Total to Buy Shares in Kenyan Oil Blocks from A.P. Moeller-Maersk
Kenya >> 1/23/2018 - Total SA is to buy shares in three Kenyan oil blocks from A.P. Moeller-Maersk , the office of Kenya’s President Uhuru Kenyatta said on Tuesday. ...
BP, Kosmos Win Rights to 2 Oil Blocks in Sao Tome and Principe
Sao Tome and Principe >> 1/23/2018 - A consortium of BP and Kosmos Energy has won exploration rights to two offshore oil blocks in Sao Tome and Principe’s exclusive economic zone (EEZ), the national oil agency said. ...
Angus Energy Announces Agreement to Acquire a 25% interest in the PEDL244
United Kingdom >> 1/22/2018 - Angus Energy, a conventional oil and gas production and development company, has entered into a definitive agreement to form a new partnership with Cuadrilla Balcombe ('Cuadrilla') and Lucas Bolney('L...
Transocean Shareholders Approve Acquisition of Songa Offshore SE
Norway >> 1/19/2018 - Transocean has concluded its extraordinary meeting of shareholders ('EGM') approving all of the proposals related to the acquisition of Songa Offshore SE. ...
Global Petroleum Commences Farm Out Process for Its Namibian Interests
Namibia >> 1/19/2018 - Global Petroleum has announced that, following its recent notification of the publication of the Competent Person's Report ('CPR') by AGR TRACS on its Namibian Blocks 1910B and 2010A (Licence PEL0029)...
ExxonMobil Acquires Exploration Acreage Offshore Ghana
Ghana >> 1/18/2018 - ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamenta...
Ithaca Energy Sells Wytch Farm field to Verus Petroleum
United Kingdom >> 1/18/2018 - Ithaca Energy has entered into an agreement for the sale of its entire interest in Licences PL089, P534 and PEDL 328, which contain the onshore Wytch Farm field, to Verus Petroleum SNS Limited for a c...
ITHACA Signed Agreement to Sale Its Interest in Wytch Farm Field
United Kingdom >> 1/18/2018 - Ithaca Energy Inc. (Ithaca) announces that it has entered into an agreement for the sale of its entire interest in Licences PL089, P534 and PEDL 328, which contain the onshore Wytch Farm field, to Ver...
RigNet Announces Acquisition of Intelie
United States >> 1/17/2018 - RigNet, Inc. (RNET) announced that it has agreed to acquire Intelie Soluç?es em Inform?tica SA, a real-time, predictive analytics company that is an award-winning, early pioneer in deep machine learni...
Emerson Completes Acquisition of ProSys, Inc.
United States >> 1/17/2018 - Emerson (EMR) announced it has acquired ProSys Inc., a global supplier of software and services that increase production and safety for the chemical, oil and gas, pulp and paper, and refining industri...
Ivory Coast Awards Tullow Two New Oil & Gas Blocks
Ivory Coast (Cote D'Ivoire) >> 1/17/2018 - Ivory Coast awarded Tullow Oil two new oil and gas blocks, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said. ...

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