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Acquisitions and Divestitures News

Tower Announces Extension of Loan Facility
Cameroon >> 7/1/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, announces a further extension of its Loan Facility ("Facility") of US$750,000. ...
Tower Resources Provides Financing Update
Cameroon >> 6/30/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to provide an update regarding the farm-out process in respect of its Thali production-sharing contract (t...
Results of the 2019 Cooper and Otway Basins Acreage Release
Australia >> 6/30/2020 - The Minister for Energy and Mining, Dan van Holst Pellekaan, has announced the details of successful bids in the 2019 petroleum exploration acreage release in the Cooper and Otway Basins.

A...
Sempra Energy Advances North American Strategy
Chile >> 6/30/2020 - Sempra Energy has completed its business exit from South America, following the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds, s...
ROK Resources Announces Closing of Asset Acquisition
Colombia >> 6/30/2020 - ROK Resources Inc. has closed on its previously announced acquisition (the "Acquisition") from a publicly traded company of certain producing oil and gas assets in Southern Saskatchewan along with ass...
Chevron Completes Acquisition of Puma Energy Holdings Pty Ltd
Australia >> 6/30/2020 - Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Ene...
McDermott Successfully Completes Comprehensive Restructuring Process
United States >> 6/30/2020 - McDermott International Ltd. has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott's $4.6 billion of funded debt. The Co...
Ruvuma Farm-Out Update
Tanzania >> 6/30/2020 - Aminex announces that the parties to the Ruvuma Farm-Out Agreement have agreed to extend the long stop date for satisfaction of the conditions to the Ruvuma Farm-Out from 30 June 2020 to 14 July 2020....
Sasol’s Asset Sale Program Advances with Bids Due for Pipeline
Mozambique >> 6/29/2020 - Sasol Ltd. expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt. The bidding round ...
BP Agrees to Sell Its Petrochemicals Business to INEOS
BP Agrees to Sell Its Petrochemicals Business to INEOS United States >> 6/29/2020 - BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp,...
Stork to Sell Equipment Rental Business EQIN
United States >> 6/29/2020 - Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, has come to an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe. ...
Acquisition of Operated 90% Interest in Lemang PSC
Indonesia >> 6/29/2020 - Jadestone Energy Inc. (JSE) (“Jadestone”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has executed an acquisition agreement (the A...
Energean Announces Edison E&P Transaction Update
Italy >> 6/29/2020 - Energean entered into a conditional sale and purchase agreement to acquire Edison E&P from Edison S.p.A. for $750 million on the 4 July 2019. Since then, both parties have agreed several amendments to...
OMV Petrom Wins Block Offshore II in Georgia
Georgia >> 6/29/2020 - OMV Petrom, the largest energy company in South-Eastern Europe, is pleased to confirm that it has been selected as the winner of the open international tender held by the Ministry of Economy and Susta...
Petrobras Releases E&P Teaser in Sergipe-Alagoas Basin
Brazil >> 6/29/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of ...
Petrobras Releases E&P Teaser in the Solimoes Basin
Brazil >> 6/26/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore production concessions located in the Solimoes Basin, in the state ...
Petrobras Starts Process to Sell Onshore Fields in the State of Amazonas
Brazil >> 6/26/2020 - The entry of new players in the oil and gas sector was the sale in 2019 of the Azulao field, in the Amazonas Basin, which has resulted in investments to make gas production and energy generation viabl...
Pancontinental and FAR to Relinquish Kenya Block L6
Kenya >> 6/26/2020 - Pancontinental Oil & Gas NL and its subsidiary Afrex Ltd (together “Pancontinental”) refer to the ASX announcement made by it on 22 April 2020 headed “Kenya L6” in response to default notices received...
Empire Pipeline Acquires Gibson Terminal
United States >> 6/25/2020 - Empire Pipeline LLC has acquired a crude oil terminal in Gibson, Louisiana (the “Gibson Terminal” or “Terminal”) from Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Shell Oil Company. Locat...
East West Petroleum Announces Extension Agreement
New Zealand >> 6/24/2020 - East West Petroleum Corp. is pleased to provide this further update regarding the sale of its 30% interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the "Cheal Permits")...

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