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Acquisitions and Divestitures News

Solo Oil Announces Completion of Horse Hill Acquisition
United Kingdom >> 3/9/2018 - Solo, the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, today confirms the completion of the acquisi...
Total Closes Maersk Oil Acquisition, Becomes Second-largest Operator in North Sea
Total Closes Maersk Oil Acquisition, Becomes Second-largest Operator in North Sea United Kingdom >> 3/8/2018 - Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OE...
DEA Signed Licence Contract with Pemex and CNH
DEA Signed Licence Contract with Pemex and CNH Mexico >> 3/7/2018 - Deutsche Erdoel Mexico, the affiliate of the German E&P company DEA Deutsche Erdoel AG, Pemex and the Mexican National Hydrocarbons Commission (CNH) have signed the licence contract for the Ogarrio fi...
Devon Announces $553m Sale of Johnson County Assets
United States >> 3/7/2018 - Devon Energy Corp. has entered into a definitive agreement to sell the southern portion of its Barnett Shale position for $553 million. The transaction is subject to customary terms and conditions and...
Total Acquires 16.33% Stake in the Waha Concessions in Libya
Libya >> 3/2/2018 - Total has acquired Marathon Oil Libya Limited which holds a 16,33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million ba...
Onshore Fields Divestment Opportunity: Start of the Non Binding Phase
Brazil >> 3/2/2018 - Petrobras, further to the Material Fact published on 09/22/2017, announces the beginning of the non-binding phase related to the full sale of its exploration, development and production rights in five...
OMV Divests Upstream Business in Pakistan
Pakistan >> 2/28/2018 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell its Upstream Business in Pakistan to Dragon Prime Hong Kong Limited, Hong Kong. The agreed sale price is EUR 1...
Independent Oil and Gas Announces Operational Update
United Kingdom >> 2/28/2018 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to provide an update on the acquisition of the Thames Pipeline and the Intelligent Pigging Pro...
Mosman Oil and Gas Exercises First Option at Arkoma
United States >> 2/28/2018 - Mosman the oil exploration, development and production company is exercising an amended First Option Agreement ("Amended First Option") for the Arkoma Stacked Pay Project ("Arkoma" or the "Project") i...
Saudi's SABIC in Talks to Join Shell in Iraq's Nebras Petchem Project
Iraq >> 2/27/2018 - Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is in talks to become a partner in Iraq’s Nebras petrochemical project, an advisor to Iraqi Prime Minister Haide...
Petrobras Starts Binding Phase for Divestment of Enchova & Pampo Clusters
Brazil >> 2/27/2018 - Petrobras, further to the Material Fact disclosed on July 28, 2017 and press release disclosed on October 4, 2017, informs the start of the binding phase regarding the assignment of all of its explora...
Japan's Inpex Wins Abu Dhabi Offshore Oil Stake for $600 Million
United Arab Emirates >> 2/26/2018 - INPEX has been awarded a 10% participating interest in the Lower Zakum concession offshore Abu Dhabi in the United Arab Emirates (UAE) by the Supreme Petroleum Council of the Emirate of Abu Dhabi (SPC...
PETRONAS Joins FAR to Drill Offshore Gambia
Gambia >> 2/26/2018 - FAR Ltd has signed a Farm-out Agreement (“FOA”) with a subsidiary of Petroliam Nasional Berhad (“PETRONAS”) to assign a 40% interest in each of the highly prospective offshore petroleum licences, Bloc...
Columbus Energy to Apply for New La Lora Concession
Spain >> 2/22/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update affecting its Spanish subsidiary, Compania Petroli...
Baron Oil Signs Agreement with Corfe to Farm in to North Sea Wick Prospect
United Kingdom >> 2/19/2018 - Baron Oil PLC has entered into an option agreement with Corfe Energy Limited to be assigned part of its rights to farm in to UK North Sea Licence P2235, which contains the Wick Prospect. Baron's optio...
Aker Energy Reaches Agreement to Acquire Hess Ghana
Ghana >> 2/19/2018 - Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50...
NOVATEK Wins Bid for the Gas Assets of ALROSA
Russia >> 2/19/2018 - PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participa...
ADNOC Signs New Offshore Concession Agreement with Cepsa
United Arab Emirates >> 2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offsh...
Angus Completes First Stage of Balcombe Partnership
United Kingdom >> 2/16/2018 - Angus Energy Plc, the conventional oil and gas production and development company, announces that pursuant to the Company’s 22 January RNS it has initiated the Balcombe Partnership with the completion...
Noble Energy Announces $750M Share Repurchase Program
United States >> 2/15/2018 - Noble Energy, Inc. (NBL) (Noble Energy) announced that its Board of Directors has authorized a $750 million share repurchase program. In addition, the Company has executed an agreement to sell its de...

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