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Acquisitions and Divestitures News

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...
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...
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...
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...
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...
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. ...
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...
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 ...
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...
Venezuela Chooses Dutch-Based Firm for Orinoco Oil JV
Venezuela >> 11/16/2017 - Venezuela has selected a little-known, Dutch-registered company for a new joint venture at the Junin 10 oil block in its Orinoco Belt region, according to a decree published. ...
Premier Oil Seeking Buyers for Stake In Indonesia Gas Field
Indonesia >> 11/16/2017 - Premier Oil is seeking buyers for a 25 percent stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam, Chief Executive Tony Durrant said on Thursday. ...
WA Company Snaps Up Equus Gas Project from Hess
Australia >> 11/13/2017 - A newly formed WA company has acquired the undeveloped Equus gas project off the North West from US energy company Hess with a view to supplying domestic gas to the State. ...
UK & Norway Join Forces to Optimise Late Life Field Assets and Field Abandonment
Norway >> 11/13/2017 - The Industry Technology Facilitator (ITF) and Norwegian Energy Partners (NORWEP) are hosting joint technology hackathon events later this month to collectively tackle operator late life and decommissi...
Cenovus Reaches Agreement to Sell Interest in Weyburn Asset for $940 Million
Canada >> 11/13/2017 - Cenovus Energy has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is ...
Hague & London Oil Completes Acquisition of Tullow's Dutch North Sea Assets
Netherlands Antilles >> 11/13/2017 - Hague and London Oil has announced that, following the overwhelming shareholder approval of the acquisition of Tullow 101 Netherlands received at the General Meeting on 1 November 2017, the transactio...

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