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Acquisitions and Divestitures News

KrisEnergy Signs Agreement with BP for the Sale of its Participating Interest in the Andaman II PSC
Indonesia >> 11/19/2019 - KrisEnergy, and together with its subsidiaries, an upstream oil and gas company, refers to its announcement dated 29 October 2019 regarding its acceptance of a binding letter of offer for the disposal...
Gazprom Neft Widens its Presence in the Orenburg Oblast
Russia >> 11/19/2019 - Gazprom Neft has won the license to the Pervormaisky block, and is also expanding the boundaries of fields it is already developing in the Orenburg Oblast. ...
OMV Agrees to Divest its Stake in the Maari Field
New Zealand >> 11/18/2019 - OMV, the international integrated oil and gas company headquartered in Vienna, has agreed to sell its 69% interest in the Maari Field, located in New Zealand’s offshore Taranaki Basin, to Jadestone En...
Shell Appoints Citi for $1B Sale of Egypt Assets
Egypt >> 11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Echo Energy Announces the Acquisition of Santa Cruz Sur Package
Argentina >> 11/13/2019 - Echo Energy, the Latin American-focused upstream oil and gas company, is pleased to announce that the acquisition by the Company of a 70 per cent. initially non-operated working interest in the Santa ...
OKEA Completed Sale of Interests in Grevling & Storskrymten
Norway >> 11/13/2019 - OKEA ASA (the Company) announces that the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) followin...
Ecopetrol & Occidental Complete Investment Agreement in US
United States >> 11/13/2019 - Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that it completed the joint venture transaction announced last July 31, 2019. Through this deal, the Company and Occidental Petroleum Corp (OXY) agree...
Columbus Energy Announces the Extension of Inniss Trinity Contract
Trinidad and Tobago >> 11/12/2019 - Columbus is pleased to announce the extension of the Inniss Trinity Incremental Production Service Contract (Inniss Trinity IPSC) to allow for the implementation of the CO2 Pilot Project and to replac...
Somaliland Farm-out Process
Somalia >> 11/11/2019 - Genel Energy plc has increased its stake in the SL10B13 block, onshore Somaliland, to 100%, having acquired East Africa Resource Group's 25% stake. ...
Seven Energy Transaction Progresses to Completion Phase
Nigeria >> 11/8/2019 - Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to provide an update in relation to the Seven Energy Transaction (the “Tran...
Equinor Sells Eagle Ford Asset
United States >> 11/7/2019 - Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas. ...
DGO Divests Uncompleted Wells from EdgeMarc Acquisition
United States >> 11/7/2019 - Diversified Gas & Oil PLC (DGOC) is pleased to announce the sale of its non-producing assets recently acquired in Monroe County, Ohio for total cash consideration of $10 million (the "Assets"). The A...
Pandion Energy Divests Its 20 Percent Share in the Duva Field
United States >> 11/7/2019 - Pandion Energy has agreed to divest its 20% share in the Duva field through two transactions, one with PGNiG Upstream Norway AS and one with Solveig Gas Norway AS, each acquiring a 10% share in PL 636...
Ecopetrol Acquires Interest in the Esox Prospect
United States >> 11/7/2019 - Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement with Chevron U.S.A. Inc. The well which resulted in the d...
Assignment Surplus Round Has Record R $ 70B in Revenue
Brazil >> 11/6/2019 - The Round of Assignment Surplus Bidding, held, by the ANP, won two of the four areas on offer - Buzios and Itapu -, generating a collection of R $ 69.96 billion in signing bonus - collection record, w...
C-NLOPB Releases Results for 2019 Calls for Bids
Canada >> 11/6/2019 - The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL19-CFB01 (Exploration Licences, South Eastern Newfoundland Region) and Call for Bid...
Sound Energy Will Sell Its Interests in Eastern Morocco Portfolio
Morocco >> 11/6/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to update investors on the ongoing marketing process in respect of its Eastern Morocco Portfolio. ...
BLM Offers 3.98 Million Acres for Oil & Gas Lease Sale
United States >> 11/5/2019 - In keeping with the Trump Administration’s goal of promoting America’s energy independence and bolstering Alaska’s economy, the Bureau of Land Management will offer 350 tracts totaling about 3.98 mill...
MOL to Acquire Chevron's Stake in Azerbaijan’s ACG Oil Field
MOL to Acquire Chevron's Stake in Azerbaijan’s ACG Oil Field Azerbaijan >> 11/4/2019 - MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-...
Israel-Egypt Gas Pipeline Deal Seen Imminent
Israel-Egypt Gas Pipeline Deal Seen Imminent Egypt >> 11/3/2019 - A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said.

Texas-based Noble Energy, Israel’...

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