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Acquisitions and Divestitures News

Keppel Land in JV to Develop Its First Commercial Development in India
India >> 10/1/2018 - Keppel Land Limited (Keppel Land), through its subsidiary, Keppel Puravankara Development Pte Ltd (KPDL), a joint venture company with a reputable Indian property developer, Puravankara Limited (Purav...
Shell Completes Sale of Its Downstream Business in Argentina to Raizen
Argentina >> 10/1/2018 - Shell CAPSA (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Downstream business in Argentina to Raizen for US$916 million in cash, subject to final price adjustments. ...
CNOOC Signs PSC with Empyrean for Block 29/11
China >> 9/30/2018 - CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Empyrean Energy for Block 29/11 in the South C...
BHP Completes Sale of Fayetteville Onshore US Assets
United States >> 9/29/2018 - BHP has completed the sale of its Fayetteville Onshore US gas assets to a wholly owned subsidiary of Merit Energy Company (Merit). Merit acquired 100% of the issued share capital of BHP Billiton Petro...
SOCO Provides Update on Sale of Angolan Interests
Angola >> 9/28/2018 - As announced on 2 July 2018, SOCO entered into a sale and purchase agreement (SPA) for the sale of the Group’s entire 80% shareholding in SOCO Cabinda Limited, the company holding a 22 percent, non-op...
ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round
Brazil >> 9/28/2018 - ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Tita exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. ...
Shell Adds Material Acreage to Its Deepwater Position in Brazil
Brazil >> 9/28/2018 - Shell Brasil Petroleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Oleo & Gas Ltda (“Chevron”), won a 35-year production sharing contract for the...
5th Production Sharing Round has all the Blocks Acquired
Brazil >> 9/28/2018 - The 5th Production Sharing Round, held by ANP, had all its four blocks acquired: Saturno, Tita, Pau-Brasil e Sudoeste de Tartaruga Verde. The Round raised R$ 6,82 billion in signing bonuses and R$ 1 b...
OMV Petrom Transfers Licences to Mazarine Energy
Romania >> 9/28/2018 - OMV Petrom S.A. (OMV Petrom), the largest energy company in South-Eastern Europe, reached an agreement for the transfer of licenses for nine onshore oil and gas fields in Romania to Mazarine Energy Ro...
Jadestone Energy Announces Completion of Montara Acquisition
Australia >> 9/28/2018 - Jadestone Energy Inc. has completed its acquisition of the Montara oil project (“Montara”), offshore Australia. ...
88 Energy Provides Update on Alaska North Slope Operations
United States >> 9/28/2018 - 88 Energy Limited provides the following update related to its operations, located on the North Slope of Alaska. ...
Cluff Provides Licence Update on P2252 & 2248
United Kingdom >> 9/27/2018 - Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea gas basin, is pleased to announ...
Buru Energy Completes Sale of 50% of Ungani Oil Field to Roc Oil
Australia >> 9/26/2018 - On 21 May 2018, Buru Energy completed a transaction to sell 50% of the Ungani oilfield (production licences L20 and L21) to Roc Oil (Canning) Pty Limited. Roc Oil is an oil focused, wholly owned subsi...
Queensland Fires up for Gas Supply Challenge
Australia >> 9/26/2018 - Natural Resources, Mines and Energy Minister Dr Anthony Lynham announced four companies which will soon start exploring more than 6600 square kilometres for more gas for local use, as well as export d...
UKOG Completes Acquisition of 22% Interest in Horse Hill Oil Discovery
United Kingdom >> 9/25/2018 - AIM-listed UK Oil & Gas (UKOG) has announced that it has completed the acquisition of the 22% shareholding in Horse Hill Developments ('HHDL') from Gunsynd, Primorus Investments and Solo Oil. These ac...
W&T Offshore Signs Definitive Agreement to Sell Non-Core Asset
United States >> 9/25/2018 - W&T Offshore, Inc. has entered into a definitive purchase and sale agreement to divest its ownership in overriding royalty interests in the Permian Basin for $56.8 million. The transaction, subject t...
Total Increases Its Share in Danish Underground Consortium
Denmark >> 9/25/2018 - Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5...
Chevron and PTTEP to Face Off in Thai Petroleum Auction
Thailand >> 9/24/2018 - Chevron Corp and Thailand's PTT Exploration and Production Pcl (PTTEP) will compete in the auction of Bongkot and Erawan petroleum concessions in the Gulf of Thailand after bids were submitted on Tues...
Pemex and Block 7 Consortium Sign Pre-Unitization Agreement
Mexico >> 9/20/2018 - Petroleos Mexicanos (Pemex) and Talos Energy, as operator of the Block 7 Consortium, are pleased to announce that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and ...
Providence Resources Signs Binding Barryroe Farm out Agreement
Ireland >> 9/20/2018 - Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company (“Providence” or the “Company”), provides a commercial update on Standard Exploration Licence (“SEL”) 1/11 that contains the ...

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