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Acquisitions and Divestitures News

Tangle Creek Energy Closes Transformational Acquisition
Canada >> 10/17/2017 - Tangle Creek Energy Ltd. (Tangle Creek) has closed an acquisition of assets primarily in the Waskahigan and Kaybob areas of Alberta. Included in the acquisition is approximately 2,500 boe/d of product...
Dommo Energia Sells It's Stake on BS-4 Block
Brazil >> 10/17/2017 - Dommo Energia S.A informs the shareholders and market in general that the Company’s Board of Directors approved, on the hereby date, a biding Term Sheet (TS) between Dommo Energia and Azibras Explora...
Frontera Signed Deal for Pacific Midstream Acquisition
Colombia >> 10/16/2017 - Frontera Energy Corporation (FEC) announces that it has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited (PML) from the International Finance Corporation an...
Chaparral Energy to Sell EOR Assets for $170 Million
United States >> 10/13/2017 - Chaparral Energy, Inc. has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash plus certain contingent payments, ...
Key Petroleum Acquires Perth Basin Permit L7 (R1) in Deal with AWE
Australia >> 10/13/2017 - Key Petroleum has announced that subsequent to the agreement of binding terms for the acquisition of AWE's 100% interest in Production Licence L7 (R1), located in the onshore Perth Basin, the Sale and...
Fugro Divests Non-Core Trenching & Cable Laying Business
Netherlands/Holland >> 10/12/2017 - Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24% in the combined bus...
Tullow Awarded Four Licences in Côte d’Ivoire
Ivory Coast (Cote D'Ivoire) >> 10/12/2017 - Tullow Oil plc (Tullow) has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks - CI 518, CI519, C...
PIC Interested in Chevron’s South African Assets
South Africa >> 10/12/2017 - Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore Plc and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to ...
Total Farms-in to Namibia and Orange Basin Deep
Namibia >> 10/10/2017 - Impact Oil and Gas Ltd (Impact), the African-focused pure exploration company, has signed (through its wholly owned subsidiaries) a farm-out agreement with Total E&P Namibia B.V. owned by Total S.A. (...
Worleyparsons to Buy AFW's Oil & Gas Assets for $298 Million
United Kingdom >> 10/9/2017 - Australian engineering firm WorleyParsons Ltd would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc for 228 million pounds ($298.22 million), marking its entry into the...
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field Egypt >> 10/9/2017 - Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. ...
Sinopec's Argentina Oil Assets in Sale Worth Up to $1 Bln
Argentina >> 10/9/2017 - Advisers to China’s Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses and labor headaches prompt Asia’s larges...
Saffron Energy to Acquire Italian Interests of Sound Energy & Po Valley
Italy >> 10/5/2017 - Saffron Energy, the AIM quoted European natural gas company with interests in Northern Italy, has entered into non-binding conditional heads of terms (the "Heads of Terms") with Sound Energy Plc (Soun...
Eros Enters into Joint Operating Agreement in Saskatchewan
Canada >> 10/5/2017 - Eros Resources Corp. (Eros) has entered into a Joint Operating Agreement (the “Agreement”) with Westcore Energy Ltd. (“Westcore” or “WTR”) and Saturn Oil + Gas Inc. (“Saturn” or “SMI”) to develop thre...
Chevron & Woodside Acquire New Exploration Acreage Offshore Western Australia
Australia >> 10/5/2017 - Chevron Australia has announced that its affiliate has successfully acquired exploration interests in three offshore blocks located in the Northern Carnarvon Basin off the Western Australia coast. ...
Petronas' Canadian Unit to Sell Oil & Gas Asset in Alberta
Canada >> 10/5/2017 - Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta. Reuters r...
ONGC Videsh Completes Acquisition of Interest in PEL 0037
Namibia >> 10/4/2017 - ONGC Videsh Limited (ONGC Videsh), a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), has completed the acquisition of 30% Participating Interest in Namibia Petroleum Explora...
Mexico Seeks Partners for Three New Pemex Oil Tie-Ups
Mexico >> 10/4/2017 - Mexico will offer the rights to partner with state oil company Pemex on three major projects on Wednesday, one in the shallow waters of the Gulf of Mexico and two more onshore, the latest step in open...
Egypt's Cheiron & DEA Deutsch Won Mexico Onshore Oil Fields
Egypt's Cheiron & DEA Deutsch Won Mexico Onshore Oil Fields Mexico >> 10/4/2017 - Petroleos Mexicanos finalized two new farmouts or partnerships, for the optimization of the development of the onshore fields of Cardenas-Mora and Ogarrio. Thus, the company continues to implement its...
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan Egypt >> 10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of ...

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