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Acquisitions and Divestitures News

Oasis Petroleum Announces Delaware Basin Acquisition
United States >> 12/11/2017 - Oasis Petroleum Inc. has entered into a definitive purchase and sale agreement with Forge Energy to acquire 20,300 net acres in the Delaware Basin (the 'Permian Assets') for approx. $946 million, cons...
Keppel Secures S$130 Million in Projects from Repeat Customers
Singapore >> 12/11/2017 - Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras a...
CMA CGM GROUP Completes the Acquisition of MERCOSUL Line & Strengthens its Service Offering
United States >> 12/8/2017 - CMA CGM Group, a world leader in maritime transport, announces that it has completed the acquisition of MERCOSUL Line. MERCOSUL Line is one of the leading players in Brazil’s domestic container shippi...
NOVATEK Acquires South-Khadyryakhinskoye & Eurotek
Russia >> 12/6/2017 - NOVATEK has announced the acquisition of South-Khadyryakhinskoye and Eurotek from AR Oil & Gas, a joint venture of Neftegazholding and Repsol. ...
Hibiscus Petroleum to Acquire Shell’s 50% Interest in the 2011 North Sabah PSC
Malaysia >> 12/6/2017 - Hibiscus Petroleum, Malaysia’s first listed independent oil and gas exploration and production company, announced that it has received unconditional consent from Petronas Carigali under the Joint Oper...
San Leon Energy Announces Relinquishment of Certain Polish Assets
Poland >> 12/5/2017 - San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, announces that it has informed the Ministry of Environment in Poland of its intention to ...
CERCG Withdraws Indicative Proposal to Acquire 100% of AWE
Australia >> 12/5/2017 - AWE has announced that it has received notice from China Energy Reserve and Chemical Group Australia (CERCG) that it had formally withdrawn its conditional, non-binding indicative proposal to acquire ...
ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks
Mauritania >> 12/4/2017 - ExxonMobil through its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deep...
Pancontinental Awarded Block 2713, Offshore Namibia
Namibia >> 12/4/2017 - Pancontinental has signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for Block 2713 offshore Namibia. ...
Pandion Energy to Partner with Aker BP on Valhall
Norway >> 12/4/2017 - Pandion Energy AS has entered into an agreement with Aker BP ASA to acquire a 10 percent interest in the Valhall area, including licences PL006B, PL033 and PL033B. ...
Egdon Resources Acquired 100% Interest in Promote Licence P2304
United Kingdom >> 12/4/2017 - Egdon Resources plc has announced the acquisition of 100% interest in Promote Licence P2304 (UKCS Block 41/24) from Arenite Petroleum Limited and Europa Oil & Gas Limited. P2304 is located to the imme...
Iran Signs Oil Swap Deal with Iraq Soon
Iraq >> 12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. The announceme...
OMV Completes Acquisition of Interest in the Yuzhno Russkoye Gas Field from Uniper
Russia >> 12/3/2017 - OMV has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper following fulfillment of all closing conditions including regulatory...
CMA CGM Completes the Sale of a 90% Equity Interest in Global Gateway South Terminal in Los Angeles
United States >> 12/1/2017 - The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III (« EQT Infrastructure ») and its par...
EnQuest Completes Acquisition of Stake in Magnus Field from BP
United Kingdom >> 12/1/2017 - EnQuest PLC has completed the acquisition of an initial 25% interest in the Magnus oil field ('Magnus'), a 3.0% interest in the Sullom Voe Oil terminal and supply facility ('SVT') and additional inter...
AWE Receives Indicative Proposal to Acquire 100% of AWE
China >> 11/30/2017 - AWE has received an unsolicited, non-binding, indicative and conditional proposal from China Energy Reserve and Chemical Group Australia, which is a subsidiary of China Energy Reserve and Chemical Gro...
Statoil Awarded Exploration License Onshore Argentina
Statoil Awarded Exploration License Onshore Argentina Argentina >> 11/30/2017 - As part of the Argentina’s Gas y Petroleo del Neuquen’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquen basin. ...
Kenya Plans $1b Dual Listing of National Oil Corp by Early 2019
Kenya >> 11/29/2017 - Kenya plans to raise $1 billion (£0.74 billion) by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its ...
Execution of North West Shelf Farm-In & Call Option Agreements with Cue Energy
Australia >> 11/29/2017 - Beach Energy Ltd (Beach) advises that it has entered into binding agreements with Cue Exploration Pty Ltd, a 100% owned subsidiary of Cue Energy Resources Limited (Cue) to acquire, subject to terms an...
Hess Completes Sale of Interests in Equatorial Guinea
Equatorial Guinea >> 11/28/2017 - Hess Corporation has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective Jan...

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