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Acquisitions and Divestitures News

A BP North Sea Field to Test U.S. Policy on Iran
Iran >> 11/24/2017 - A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fiel...
Pemex Stake in Nobilis-Maximino Deep Water Tie-up to be Cut
Mexico >> 11/24/2017 - The stake held by Mexican state oil firm Pemex in the potentially lucrative Nobilis-Maximino deep water tie-up near the U.S. maritime border will be cut from 49 percent to 40 percent, an official at t...
Trinity's Sale of Trinidad West Coast Assets to Range Resources Fails to Gain approval
Trinidad and Tobago >> 11/23/2017 - Trinity, the independent E&P company focused on Trinidad and Tobago, provides an update regarding the proposed sale of its West Coast Assets. On 11 August 2017, Trinity announced that it had entered i...
NOVATEK Acquires Severneft-Urengoy
Russia >> 11/23/2017 - PAO NOVATEK (NOVATEK) announced the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for ...
Sale of Azulao Field
Brazil >> 11/22/2017 - Petrobras, further to the Material Fact of 05/15/2017 and Press Release of 06/19/2017, informs that it has signed, with the company ENEVA SA, through its subsidiary Parnaiba Gas Natural SA, the contra...
India's ONGC Buys 15% Stake in Namibia offshore block from Tullow
Namibia >> 11/21/2017 - India’s ONGC Videsh Ltd (OVL), the overseas investment arm of the country’s top explorer Oil and Natural Gas Corp, said on Tuesday it had acquired a 15 percent stake in Namibia’s offshore Block 2012A ...
BP to Sell Bruce Assets to Serica
United Kingdom >> 11/21/2017 - BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy. BP currently operates the assets, which comprise the Bruce, Keith and Rhum fields, three bridge-...
Siccar Point Energy Farms out West of Shetlands Lyon Prospect to Ineos
United Kingdom >> 11/21/2017 - Siccar Point Energy E&P has entered into a farmout agreement with Ineos UK SNS covering two exploration licences (P.1854 and P.1935) in the West of Shetlands area, containing the significantLyon Prosp...
Acquisition of BP Interests in the Bruce, Keith and Rhum fields
Iran >> 11/21/2017 - Serica Energy plc (SQZ) is pleased to report that Serica UK, a wholly-owned subsidiary of the Company, has signed a Sale and Purchase Agreement to acquire BP’s interests in the Bruce, Keith and Rhum f...
Wood Commences New Partner Contract for SAGE System and Beryl Pipeline
United Kingdom >> 11/20/2017 - Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitio...
Union Jack Oil's Bid to Buy 20% Interest in Fiskerton Project Approved
United Kingdom >> 11/20/2017 - Further to the announcement of 6 November 2017, Union Jack Oil, a UK-focused, onshore oil and gas production and exploration company, has announced that the Oil and Gas Authority has approved the acqu...
Bill Barrett Corp Announces Uinta Basin Asset Sale
United States >> 11/20/2017 - Bill Barrett Corp has entered into an agreement with unaffiliated third parties to sell its remaining non-core assets located in the Uinta Basin for cash proceeds of approx. $110 million. The transact...
Oil and Gas Authority Approves Union Jack's Acquisition of Interest in Producing Fiskerton
United States >> 11/20/2017 - Further to the announcement of 6 November 2017, Union Jack Oil plc (Union Jack), a UK-focused, onshore oil and gas production and exploration company, is pleased to announce that the Oil and Gas Autho...
BP Seeks Stake in Cairn Energy Senegal Assets
Senegal >> 11/20/2017 - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources a...
Africa Energy to Acquire Additional Interest in South Africa
South Africa >> 11/20/2017 - Africa Energy Corp. (AFE) (Africa Energy) announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. ...
Merely UNSC Sanctions Can be Able to Force Total out
Merely UNSC Sanctions Can be Able to Force Total out Iran >> 11/20/2017 - Irans petroleum minister has stated that French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only if forced to do so as a result of sanctions by the ...
Investment in ETC Group Limited
Japan >> 11/20/2017 - Mitsui & Co., Ltd. (Mitsui) has made the decision to acquire a part of shares in ETC Group Limited ("ETG") and has subsequently entered into a number of agreements, including a share transfer agreemen...
Energy Hunter Resources Closes Midland Basin Mineral Rights Divestment
United States >> 11/17/2017 - Energy Hunter Resources, Inc., an exploration and production company headquartered in Dallas, Texas has reached an agreement with an undisclosed purchaser to divest it's ownership interest in certain ...
Ecopetrol Wins 4 New Blocks in the Gulf of Mexico
United States >> 11/17/2017 - Ecopetrol SA informs that its subsidiary in the United States, Ecopetrol America Inc., was awarded four blocks of Lease Sale 249, a competitive process carried out in that country for the exploration ...
SOCO Awarded New Exploitation Permits
Congo >> 11/16/2017 - SOCO is pleased to announce that SOCO Exploration and Production SA ("SOCO EPC"), the Operator of the Marine XI Block, offshore the Republic of Congo (Brazzaville), has been informed that the applicat...

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