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Acquisitions and Divestitures News

Melbana Energy Retains 100% of Block 9
Cuba >> 10/30/2017 - Melbana Energy Limited (“Melbana”) advises that Petro Australis Limited (“Petro Australis”) has failed to achieve pre-qualification to enable a timely application to Cuban regulatory authorities for t...
Chevron Drops Decision to Leave Bangladesh
Bangladesh >> 10/30/2017 - The U.S. oil company Chevron will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday. Chevron had said in April it would sell to China's Himalaya Energy Co. the wholly...
Armour Energy Awarded Further Roma Shelf Petroleum Acreage Near its Kincora Production Facilities
Australia >> 10/30/2017 - Amour Energy has been successful in the recent Queensland Government petroleum acreage release tender and has been notified by the Queensland Department of Natural Resources and Mines that it is the p...
Oil Search (PNG) Limited Signs Contract with Link PNG
Papua-New Guinea >> 10/30/2017 - Oil Search (PNG) Limited signed a contract with Link PNG Limited (a subsidiary of Air Niugini) for fixed-wing aircraft services both inside and outside Papua New Guinea. Awarded after a competitive t...
Severstal Announces Sale of Dneprometiz
Russia >> 10/27/2017 - PAO Severstal (“Severstal”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that its subsidiary Cambay Services Ltd has completed the sale of its ...
Statoil Strengthens Its Position in the Carcara Oil Discovery
Brazil >> 10/27/2017 - Statoil Brasil Oleo e Gas Ltd., a subsidiary of Statoil ASA (STL), ExxonMobil Exploracao Brasil Ltda., a subsidiary of Exxon Mobil Corporation (XOM), and PETROGAL BRASIL, S.A., a subsidiary of Galp (G...
Six Pre-Salt Blocks Have Been Acquired in Brazil Rounds
Brazil >> 10/27/2017 - The 2nd and 3rd Production Sharing Bidding Rounds, with pre-salt areas, promoted ANP, confirmed the reestablishment of the oil and gas sector in Brazil. From the eight blocks offered in the auctions, ...
Indian Firms Eye Stake in Adnoc's Offshore Oil Concession
United Arab Emirates >> 10/27/2017 - Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said. ...
Caspian Sunrise obtains early licence renewal for BNG Contract Area
Russia >> 10/27/2017 - Caspian Sunrise PLC (CASP) (Caspian Sunrise), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of the extension of its licence at its flagsh...
Shell Expands Pre-Salt Growth in Deep-Water Brazil
Shell Expands Pre-Salt Growth in Deep-Water Brazil Brazil >> 10/27/2017 - Royal Dutch Shell plc and its partners won three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing b...
Otto Energy to Acquire New Gulf of Mexico Lease - ST 235
United States >> 10/25/2017 - Otto Energy Limited (Otto) is pleased to announce that Houston Energy has been awarded the South Timbalier 235 (ST 235) lease under Gulf of Mexico Central Lease Sale 249. ...
Hess Sells its Oil & Gas Interests in Norway for $2 Billion
Norway >> 10/24/2017 - Hess Corporation announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets: ...
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...
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 ...
LINN Energy to Sell Williston Properties for $285 Million
United States >> 10/23/2017 - LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to cl...
QGEP Informs on Block BS-4 Situation
Brazil >> 10/23/2017 - QGEP Participacoes S.A. (QGEP) informs that Barra Energia do Brasil Petroleo e Gas Ltda. exercised its rights to expel Dommo Energia S.A. (Dommo) from the Block BS-4, under the exact terms of the Cons...
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...
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...
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...

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