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Acquisitions and Divestitures News

Premier Oil Awarded Three Blocks in Mexico’s Round 3.1
Mexico >> 3/28/2018 - Premier is pleased to announce that it has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico’s Round 3.1 held in Mexico City on 27 March 2018. ...
Signing of Exclusivity & Option Agreement to purchase an oil production asset in Indonesia
Indonesia >> 3/28/2018 - Zenith Energy Ltd., (Zenith), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that it has entered into a binding exclusivity...
Sapura E&P farms in to offshore New Zealand
New Zealand >> 3/27/2018 - Malaysian group Sapura Exploration & Production (Sapura E&P) has entered New Zealand after it farmed into several offshore exploration permits within the prolific Taranaki basin. ...
Mexico's Pemex Raises Hand in Final Oil Auction before Election
Mexico >> 3/27/2018 - Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday, in an auction where state-run Pemex took advantage of growing political risk ahead of a presidential election to consolidat...
DEA Wins Three Exploration Blocks as Operator in Mexico’s Bid Round 3.1
Mexico >> 3/27/2018 - In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P a...
Eni Awarded New E&P License in Mexico
Mexico >> 3/27/2018 - Eni and its partner Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico. This allows Eni to build up and consolidate a new core a...
Pioneer Natural Announces Sale of Selected Eagle Ford Shale Acreage
United States >> 3/27/2018 - Pioneer Natural Resources has signed a purchase and sale agreement with Sundance Energy to sell approx. 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 ...
Reliance Announces Sale of Assets in Eagle Ford Shale in USA
India >> 3/27/2018 - Reliance Eagleford Upstream Holding LP (Reliance), a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries Limited, announced the signing of a purchase and sale agreement with Sundanc...
Devon Energy Eyes More Asset Sales to Simplify Portfolio
United States >> 3/26/2018 - U.S. oil producer Devon Energy was looking to sell even more assets than previously announced in order to focus its portfolio on three shale regions. Devon is now eyeing asset sales of up to $5 billio...
Approved Two PDOs
Norway >> 3/26/2018 - The Ministry of Petroleum and Energy approved the plans for development and operation (PDOs) for Valhall Flank Vest and the Skogul development on 23 march. Both are operated by Aker BP.
Chrysaor Farms-in to Grevling Discovery in Norwegian North Sea
Norway >> 3/26/2018 - OKEA announces that Chrysaor, the leading oil & gas independent, has through its Norwegian subsidiary Chrysaor Norge A.S. entered into an agreement with OKEA to acquire a 15% interest in the PL038D li...
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M Iraq >> 3/23/2018 - Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of...
Chrysaor Buys Three North Sea Fields from Spirit Energy
United Kingdom >> 3/22/2018 - North Sea oil and gas producer Chrysaor has agreed to acquire stakes in three aging fields from Spirit Energy, hoping to prolong their production with new drilling, the company said in a statement. ...
CNH announces the Conformation of Bidders for Round 3.1
Mexico >> 3/22/2018 - The Governing Body of the National Hydrocarbons Commission (CNH) approved the formation of bidders to participate in the First Round Three Tender, CNH-R03-L01 / 2017, consisting of 35 Contractual Area...
Otto Partner Highest Bidder in Block Adjacent to SM 71
United States >> 3/22/2018 - Otto Energy Limited (OEL) is pleased to advise that Byron Energy Inc, a wholly owned subsidiary of Byron Energy Limited (BYE), wasthe apparent high bidder on the Vermilion Area Block 232 (VR 232) in t...
Endeavour Energy Kicks off North Sea Assets Sale
United Kingdom >> 3/22/2018 - Endeavour Energy UK has launched the sale of its North Sea oil and gas assets at an ambitious price target of $500 million, according to two industry sources and a document seen by Reuters. The sale i...
ADNOC Awards PetroChina Stakes in Two Offshore Concessions
United Arab Emirates >> 3/21/2018 - PetroChina Company Limited (“PetroChina”) has been awarded stakes in Abu Dhabi’s two offshore oilfield concessions following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC).<...
Strata-X Triples Botswana Acreage Position
Botswana >> 3/20/2018 - The directors and management of Strata-X Energy Ltd. are pleased to announce that the Company has acquired two new Prospecting Licenses for its Serowe CSG Project covering 406,735 acres. The new licen...
Petsec Energy Announces Yemen Block 7 Acquisition and Operatorship
Yemen >> 3/19/2018 - Petsec Energy has completed the transaction with Oil Search to acquire all of the shares of its subsidiary Oil Search (ROY) Limited which holds a 40% working interest (34% participating interest) in t...
INPEX Awarded Exploration Block WA-533-P Offshore Western Australia
Australia >> 3/19/2018 - INPEX CORPORATION was individually awarded an exploration permit for Release Area WA-533-P (the Block) as Operator in Australia’s 2017 Offshore Petroleum Exploration Acreage Release. INPEX Browse will...

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