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Acquisitions and Divestitures News

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...
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...
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...
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. ...
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...
United Oil & Gas Farms into Corallian Energy's Southern UK Assets
United Kingdom >> 1/16/2018 - United Oil & Gas, the London Stock Exchange listed oil and gas exploration and development company, has announced an agreement to farm-in to the Corallian Energy interests in its southern UK oil and g...
Record Number of Licenses Awarded for Exploration of the Norwegian Continental Shelf
Norway >> 1/16/2018 - The Norwegian Ministry of Petroleum and Energy offers the industry 75 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2017 (APA 2017) licensing round. ...
Faroe Petroleum Awarded Eight Exploration Licences in Norway
Norway >> 1/16/2018 - Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded ...
LINN Energy Sold the Altamont Bluebell Field for $132M
United States >> 1/16/2018 - LINN Energy, Inc. (LNGG) (LINN) announces that it has signed a definitive agreement to sell its interest in properties located in the Altamont Bluebell Field to an undisclosed buyer for a contract pri...
DEA Awarded 5 New Licences in 2017 Awards in Predefined Areas (APA)
Norway >> 1/16/2018 - The Norwegian Ministry of Petroleum and Energy has awarded five new licenses to DEA in this year’s APA round. DEA’s Exploration Manager Svend Erik Pettersson is pleased with the results: ...
Statoil Awarded New Production Licences on the Norwegian Continental Shelf
Norway >> 1/16/2018 - In connection with the Award in Predefined Areas (APA) for 2017 Statoil has been offered interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 ...
Vermilion Energy Acquires Oil Assets in Southeast Saskatchewan & Southwest Manitoba
Canada >> 1/15/2018 - Vermilion Energy has entered into an arrangement agreement to acquire a private southeast Saskatchewan producer ('Privateco') for total cash consideration of $90.8 million. Under the terms of the Arr...
INEOS Launches Six New Oil & Gas Businesses
United Kingdom >> 1/15/2018 - INEOS has confirmed that it is launching six new oil and gas businesses. The announcement follows the completion of a number of North Sea Oil and gas acquisitions that began in 2015. Today INEOS is a ...
Petrobras & Total Complete Transfer of Rights in Lapa & Iara Concessions
Petrobras & Total Complete Transfer of Rights in Lapa & Iara Concessions Brazil >> 1/15/2018 - Petrobras and Total announce today that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions...
Shell Ventures Back Into Solar
Netherlands Antilles >> 1/15/2018 - Royal Dutch Shell agreed to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business. ...
Premier Oil Sells Kapak Field Interest to Batavia Oil
Indonesia >> 1/15/2018 - Announcing a trading and operations update on January 11,Premier Oil said it had signed a sale and purchase agreement withBatavia Oil on 19 December to sell its entire 18.75 per cent non-operated inte...
Vitol Agrees to Acquire Noble Americas
United States >> 1/15/2018 - Vitol US Holding Co. (“Vitol”) has agreed to acquire Noble Americas Corporation (“Noble Americas”) subject to certain conditions precedent. A copy of the Noble Group Limited press release relating to ...
KPI Acquires 50 pct Ownership of Mega Omani Refinery
Kuwait >> 1/14/2018 - Kuwait's High Petroleum Commission has confirmed that Kuwait Petroleum International (KPI), a Kuwait Petroleum Corporation (KPC) affiliate, now owns a 50 percent share of Oman's Duqm refinery. ...
Octanex Withdraws from Exmouth Plateau Permits WA-362-P & WA-363-P
Australia >> 1/12/2018 - Octanex has advised that it has notified Eni Australia, the operator of exploration permits WA-362-P and WA-363-P, that it will withdraw from the permits. This decision follows notice of Eni’s withdra...

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