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Acquisitions and Divestitures News

Diversified Gas & Oil Transfers Remaining Titan Assets
United States >> 10/2/2017 - Diversified Gas & Oil PLC, the Appalachian focussed gas and oil producer, announced on 16 June 2017 the proposed acquisition of certain gas and oil assets from Titan Energy LLC (the "Titan Assets") fo...
Karoon Wins Santos Basin Block in Brazil Bid Round 14
Brazil >> 9/28/2017 - Karoon Gas Australia Ltd has successfully bid for a prospective 171 square km offshore block in the Santos Basin in the state of Santa Catarina, Brazil, just south of Rio de Janeiro with a water depth...
DONG Receives Approvals for the Divestment of its Upstream O&G Business
Norway >> 9/28/2017 - On 24 May 2017, DONG Energy announced the agreement to divest the entire share capital of DONG E&P A/S to INEOS, including that closing of the transaction was subject to certain regulatory approvals. ...
Origin to Sell Lattice Energy to Beach for $1,585 Million
New Zealand >> 9/28/2017 - Origin Energy Limited (Origin) has entered into an agreement to sell its conventional upstream oil and gas business, Lattice Energy, to Beach Energy (Beach) for $1,585 million. As part of the sale, Or...
Bowleven Extends Bomono Farm-out
Cameroon >> 9/28/2017 - On 6 March 2017 Bowleven plc, the Africa focused oil and gas exploration group, announced that the Company and Victoria Oil & Gas Plc (VOG), an integrated energy company with operations in Cameroon, h...
Exxonmobil Continues to Increase Acreage Position in Permian Basin
United States >> 9/27/2017 - Exxon Mobil Corporation has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of th...
Brazil’s Round 14 Had the Largest Signature Bonus in History
Brazil >> 9/27/2017 - The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sect...
ExxonMobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Brazil >> 9/27/2017 - Exxon Mobil Corp vastly expanded its presence in Brazil, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a re...
Murphy Oil Announces Strategic Entry Into Deep Water Brazil
Brazil >> 9/27/2017 - Murphy Oil Corporation (MUR) announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda. (Murphy), has entered into a farm-in agreement with Queir...
Petrobras Acquired Seven Blocks in Bid Round 14
Brazil >> 9/27/2017 - Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of whi...
Europa Extends Agreement to Sell 10% Interest in Wressle Discovery
United Kingdom >> 9/26/2017 - Europa Oil & Gas (Holdings) plc, the UK and Ireland focussed exploration, development and production company, is pleased to announce a second extension to the Sale and Purchase Agreement (SPA) signed ...
Union Oil Relinquish Block 183 in Peru
Peru >> 9/26/2017 - The board of Clontarf Energy (CLON) have been informed that Union Oil (the 80% owner of the concession) have returned to the Peruvian Authorities the licence held on Block 183. They gave as their rea...
Total & Eco Atlantic Sign Agreement on the Orinduik Block
Guyana >> 9/26/2017 - Eco (Atlantic) Oil & Gas Ltd. (ECO), is pleased to announce that its subsidiary, Eco Atlantic (Guyana) Inc., has entered into an option agreement on its Orinduik Block, offshore Guyana, with Total E&...
Metgasco Farms into Senex & Cooper's Frey-1 Well
Australia >> 9/26/2017 - Metgasco Limited (Metgasco) has entered into agreement with Senex Energy and Cooper Energy Limited (together, the JV Parties) by which, depending on the outcome of drilling and testing, Metgasco will ...
PSA Carried out Audit of Gassco's Facility
Norway >> 9/25/2017 - PSA has carried out an audit of Gassco's takeover of the operatorship of the Nyhamna onshore facility. During the audit, we had a presentation and held interviews with Gassco personnel about the takeo...
Po Valley Energy Sells Two Oil Licences for A$1.7 Million
Italy >> 9/25/2017 - The sale of two onshore Italian oil exploration licences for A$1.69 million has been announced by Australia’s Po Valley Energy Limited (PVE), an Italian based oil and gas exploration, development and ...
Pemex Signs Contracts with DEA & Ecopetrol for Blocks 2 & 8
Mexico >> 9/25/2017 - Petroleos Mexicanos, through Pemex Exploracion y Produccion (PEP), signed Contracts for the Exploration and Extraction (acronym in Spanish: CEE) of Hydrocarbons in shallow waters with the companies De...
President Acquires Producing Assets in Neuquen Basin
Argentina >> 9/21/2017 - President Energy (PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, is pleased to announce the acquisition of Chevron...
Halcon Resources Sells Non-Operated Williston Basin Assets for $10m
United States >> 9/20/2017 - Halcon Resources Corporation (Halcon) has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subjec...
Ramba Energy Farms out Additional Interest in Lemang PSC to Mandala Energy
Indonesia >> 9/20/2017 - Ramba Energy has announced that the Company’s 80.4% - owned Indonesian subsidiary, Hexindo, has on 16 September 2017, entered into agreements to farm-out a 15% participating interest in the production...

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