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Acquisitions and Divestitures News

Vermilion Energy Acquires Oil Assets in Southeast Saskatchewan & Southwest Manitoba
Canada >> 1/15/2018 - Vermilion Energy has entered into an arrangement agreement to acquire a private southeast Saskatchewan producer ('Privateco') for total cash consideration of $90.8 million. Under the terms of the Arr...
Shell Ventures Back Into Solar
Netherlands Antilles >> 1/15/2018 - Royal Dutch Shell agreed to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business. ...
Premier Oil Sells Kapak Field Interest to Batavia Oil
Indonesia >> 1/15/2018 - Announcing a trading and operations update on January 11,Premier Oil said it had signed a sale and purchase agreement withBatavia Oil on 19 December to sell its entire 18.75 per cent non-operated inte...
KPI Acquires 50 pct Ownership of Mega Omani Refinery
Kuwait >> 1/14/2018 - Kuwait's High Petroleum Commission has confirmed that Kuwait Petroleum International (KPI), a Kuwait Petroleum Corporation (KPC) affiliate, now owns a 50 percent share of Oman's Duqm refinery. ...
Octanex Withdraws from Exmouth Plateau Permits WA-362-P & WA-363-P
Australia >> 1/12/2018 - Octanex has advised that it has notified Eni Australia, the operator of exploration permits WA-362-P and WA-363-P, that it will withdraw from the permits. This decision follows notice of Eni’s withdra...
Polarcus Awarded 3D Marine Seismic Project in South America
United Arab Emirates >> 1/11/2018 - Polarcus Limited has received a letter of award for the acquisition of a 3D marine seismic project in South America. The project will commence in Q1 2018 and has a scheduled duration of approximately ...
Karoon Farm-out to Tullow 35% of Block Z-38, in Peru
Peru >> 1/10/2018 - Karoon Gas Australia Ltd (KAR) is pleased to announce the farm-out of a 35% interest in offshore exploration Block Z-38, Tumbes Basin Peru to Tullow Peru Limited, a wholly owned subsidiary of Tullow O...
SM Energy Announces Agreement to Sell Powder River Basin Assets for $500 Million
United States >> 1/10/2018 - SM Energy has entered into a definitive agreement for the sale of a majority of the Company's Powder River Basin assets for a cash purchase price of $500 million (subject to customary closing price ad...
Delek Group Acquires Oil & Gas Assets in Gulf of Mexico
Mexico >> 1/9/2018 - Delek Group has announced that further to its Immediate Report dated December 24, 2017 regarding signing of a non-binding letter of intent to invest in and/or acquire oil and gas assets in the Gulf of...
Magnolia Participating in 3 SandRidge Energy Operated Wells in Oklahoma
United States >> 1/8/2018 - Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce that it has received notice from SandRidge Energy, the operator of the Gilchris...
ArcLight Capital Acquires Interest in Deepwater Perdido Platform from BP
Mexico >> 1/8/2018 - ArcLight Capital Partners has announced that one of its affiliates has acquired a 26.5% non-operated interest in the Perdido Regional Host from BP Exploration & Production Inc. The Perdido Regional Ho...
Petro Matad Awarded Block XX PSC Extension
Mongolia >> 1/5/2018 - Petro Matad, the AIM quoted Mongolian oil explorer is pleased to announce that its Block XX Production Sharing Contract (PSC) (100% net to Petro Matad) has been formally extended by the Mineral Resour...
Atlantis Sells FORCE Stake to DP Energy
Canada >> 1/5/2018 - Atlantis, a global leader in the tidal power sector, is pleased to announce that it has agreed to sell its stake in its Canadian joint venture to its partner DP Energy, a leading renewable energy deve...
JERA Sells a Part of Its Equity Interest in the Cricket Valley Gas Thermal IPP Project
United States >> 1/4/2018 - JERA Co., Inc. (“JERA”) has sold 6% out of its equity interest in Cricket Valley Energy Center, the operating company of a natural gas-fired thermal power generation project in New York State (“the Pr...
Shell to Retain Ownership of A/S Dansk Shell
Netherlands Antilles >> 1/3/2018 - Shell announces that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and sup...
Strata-X Pre-empts Farm-in - Gains 100% Interest in Serowe Coal Seam Gas Project
Botswana >> 1/3/2018 - Strata-X has pre-empted a third party offer to buy out Magnum Power and Gas’s ('MPE') 25% interest in the 273,000 acre, 1.4Tcf Prospective Resource, Serowe Coal Seam Gas Project ('Serowe CSG'). Strata...
President Energy Sales Non-Operated Asset in Louisiana
United States >> 1/2/2018 - President Energy (PPC) announces the disposal of its entire nonoperated, non-core beneficial interest in the East White Lake Field, Vermillion Parish, Louisiana, USA (the Field) with effect 1 January ...
Bomono Farm Out Extension
Cameroon >> 1/2/2018 - On 6 March 2017 Victoria Oil & Gas Plc, (“the Company”) a Cameroon energy utility, announced that the Company and Bowleven Oil & Gas Plc (“Bowleven”), the African focused oil and gas exploration compa...
EMGS Enters into Second Prefunded Multi-Client Contract in Indonesia
Indonesia >> 12/27/2017 - Reference is made to the stock exchange notification published by Electromagnetic Geoservices (EMGS) on 16 November 2017, wherein it was announced that EMGS had received Letters of Intent for two cont...
INPEX to Surrender Offshore Mahakam Block, Republic of Indonesia
Indonesia >> 12/25/2017 - INPEX CORPORATION (INPEX) announced its business plans concerning its participation in the Offshore Mahakam Block and INPEX Attaka Block located offshore East Kalimantan in the Republic of Indonesia, ...

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