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Acquisitions and Divestitures News

GeoPark Announces High-Impact Acquisition in Colombia
Colombia >> 10/23/2017 - 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, today ...
Kosmos Energy Expands Strategic Position in Gulf of Guinea
Equatorial Guinea >> 10/23/2017 - Kosmos Energy in partnership with Trident Energy (Trident), has agreed to acquire an interest in three exploration licenses, as well as Hess Corporation’s interest in the adjacent Ceiba Field and Okum...
Kosmos Energy Enters EG with Three New Oil & Gas Contracts
Equatorial Guinea >> 10/23/2017 - The Ministry of Mines and Hydrocarbons of Equatorial Guinea, Kosmos Energy of the US and national oil company GEPetrol have signed three new production sharing contracts (PSC) for Block EG-21, Block S...
Pilot Energy Commences Sale Process for Permit WA-507-P
Australia >> 10/19/2017 - Pilot Energy is pleased to announce that the WA-507-P Joint Venture (Pilot Energy 80%) has resolved to market for sale an unencumbered 100% interest in the permit. The sale will allow Pilot to focus o...
Cenovus Reaches Agreement to Sell Palliser Assets for $1.3B
Canada >> 10/19/2017 - Cenovus Energy Inc. (CVE) has entered into an agreement to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billio...
Providence Resources Completes Farm-Out of LO 16/27 to TOTAL
Ireland >> 10/18/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on Licensing Option (LO) 16/27. Providence is pleased to confirm that the agreed farm-in by TOTAL E&P I...
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...
Saffron Energy Awarded Sant' Alberto Production Concession
Italy >> 10/17/2017 - Saffron Energy, the AIM quoted European natural gas company, has been awarded a Production Concession for its Sant' Alberto gas field from the Italian Ministry of Economic Development. ...
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...
Ophir Energy Awarded Offshore Acreage in EG Ronda 2016
Equatorial Guinea >> 10/17/2017 - The Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea. London ...
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. (...
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...
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. ...
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...

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