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Acquisitions and Divestitures News

Delek Group Acquires Oil & Gas Assets in Gulf of Mexico
Mexico >> 1/9/2018 - Delek Group has announced that further to its Immediate Report dated December 24, 2017 regarding signing of a non-binding letter of intent to invest in and/or acquire oil and gas assets in the Gulf of...
Magnolia Participating in 3 SandRidge Energy Operated Wells in Oklahoma
United States >> 1/8/2018 - Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce that it has received notice from SandRidge Energy, the operator of the Gilchris...
ArcLight Capital Acquires Interest in Deepwater Perdido Platform from BP
Mexico >> 1/8/2018 - ArcLight Capital Partners has announced that one of its affiliates has acquired a 26.5% non-operated interest in the Perdido Regional Host from BP Exploration & Production Inc. The Perdido Regional Ho...
Petro Matad Awarded Block XX PSC Extension
Mongolia >> 1/5/2018 - Petro Matad, the AIM quoted Mongolian oil explorer is pleased to announce that its Block XX Production Sharing Contract (PSC) (100% net to Petro Matad) has been formally extended by the Mineral Resour...
Atlantis Sells FORCE Stake to DP Energy
Canada >> 1/5/2018 - Atlantis, a global leader in the tidal power sector, is pleased to announce that it has agreed to sell its stake in its Canadian joint venture to its partner DP Energy, a leading renewable energy deve...
JERA Sells a Part of Its Equity Interest in the Cricket Valley Gas Thermal IPP Project
United States >> 1/4/2018 - JERA Co., Inc. (“JERA”) has sold 6% out of its equity interest in Cricket Valley Energy Center, the operating company of a natural gas-fired thermal power generation project in New York State (“the Pr...
Shell to Retain Ownership of A/S Dansk Shell
Netherlands Antilles >> 1/3/2018 - Shell announces that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and sup...
Strata-X Pre-empts Farm-in - Gains 100% Interest in Serowe Coal Seam Gas Project
Botswana >> 1/3/2018 - Strata-X has pre-empted a third party offer to buy out Magnum Power and Gas’s ('MPE') 25% interest in the 273,000 acre, 1.4Tcf Prospective Resource, Serowe Coal Seam Gas Project ('Serowe CSG'). Strata...
President Energy Sales Non-Operated Asset in Louisiana
United States >> 1/2/2018 - President Energy (PPC) announces the disposal of its entire nonoperated, non-core beneficial interest in the East White Lake Field, Vermillion Parish, Louisiana, USA (the Field) with effect 1 January ...
Bomono Farm Out Extension
Cameroon >> 1/2/2018 - On 6 March 2017 Victoria Oil & Gas Plc, (“the Company”) a Cameroon energy utility, announced that the Company and Bowleven Oil & Gas Plc (“Bowleven”), the African focused oil and gas exploration compa...
EMGS Enters into Second Prefunded Multi-Client Contract in Indonesia
Indonesia >> 12/27/2017 - Reference is made to the stock exchange notification published by Electromagnetic Geoservices (EMGS) on 16 November 2017, wherein it was announced that EMGS had received Letters of Intent for two cont...
INPEX to Surrender Offshore Mahakam Block, Republic of Indonesia
Indonesia >> 12/25/2017 - INPEX CORPORATION (INPEX) announced its business plans concerning its participation in the Offshore Mahakam Block and INPEX Attaka Block located offshore East Kalimantan in the Republic of Indonesia, ...
Eni & KMG Complete Transfer of Subsoil Use Rights of Isatay Block
Kazakhstan >> 12/22/2017 - The agreement expands the scope of Eni's activities in Kazakhstan and consolidates the strategic alliance with its key partner KazMunaiGas. The Ministry of Energy of the Republic of Kazakhstan, Eni a...
Mazarine Energy Awarded Douiret License
Tunisia >> 12/22/2017 - Mazarine Energy and ETAP applied for Douiret Prospection permit by August 2016 which was awarded on 22 December 2017 for the duration of 2 years validity. The percentage of participation are divided e...
Iraq Oil Ministry Starts Taking over Majnoon Oilfield Operations
Iraq >> 12/21/2017 - Iraq’s oil ministry said it had started to take over operations of Majnoon oilfield from Royal Dutch Shell and planned to lift output in future. The ministry said it had formed a management team to ha...
JX Nippon to Develop & Produce Oil and Gas from Beryl Gas Field
Malaysia >> 12/20/2017 - Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that PETROLIAM NASIONAL BERHAD (“PETRONAS”), the national oil company of Malaysia, has agre...
Eni Enters into New Exploration Permits Offshore Morocco
Morocco >> 12/20/2017 - Eni signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII, located in the waters of the Atlantic Ocean offshore t...
GeoPark Announces Argentina Acquisition
Argentina >> 12/19/2017 - GeoPark Limited (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, annou...
NOVATEK’s JV Obtains Osenniy License Area in YNAO
Russia >> 12/19/2017 - PAO NOVATEK (NOVATEK) announced that its joint venture “Arcticgas” won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Au...
Statoil Acquires 25% of the Roncador Field in Brazil for $2.9B
Statoil Acquires 25% of the Roncador Field in Brazil for $2.9B Brazil >> 12/18/2017 - Statoil ASA (STO) and Petroleo Brasileiro S.A. - Petrobras (Petrobras) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transactio...

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