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Acquisitions and Divestitures News

NZOG Acquires Mitsui's Stake in Kupe Field
New Zealand >> 7/6/2017 - A sale and purchase agreement has been signed by New Zealand Oil & Gas and Mitsui E&P Australia for Mitsui's 4 per cent interest in the Kupe gas and light oil field. The transaction was announced in M...
Sale of Rights to Maromba Field in Campos Basin
Brazil >> 7/6/2017 - Petrobras informs that it has initiated the disclosure phase of the Teaser for the full sale of its stake in the Maromba Field, in the Campos Basin. ...
Gambia Approves Farm-out Deal between Erin Energy & FAR
Gambia >> 7/5/2017 - Erin Energy Corporation (Erin Energy) announced that the Government of the Republic of The Gambia has approved the farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil ...
Truth about Ending Talks with African Petroleum for Blocks A1 & A4
Gambia >> 7/4/2017 - The Board of African Petroleum notes the article published on Reuters today regarding its A1 and A4 licences in The Gambia (the Licences). The Board of African Petroleum maintains that the comments as...
VOG Updates Logbaba Participation Agreement & Bomono Project
Cameroon >> 7/4/2017 - Victoria Oil & Gas is pleased to announce that Societe Nationale des Hydrocarbures (SNH), RSM Production Company (RSM) and Gaz du Cameroun S.A. (GDC) have agreed and signed a Participation Agreement t...
Premier Oil to Acquire Additional Wytch Farm Interests
United Kingdom >> 7/3/2017 - Premier has signed a sale and purchase agreement to acquire a further 3.75% interest in Licences PL089 and P534, which contain the Wytch Farm field, from Maersk Oil North Sea UK Ltd for a cash conside...
Otto Energy Farms in to South Timbalier 244 Lease
United States >> 7/3/2017 - Otto Energy Limited (Otto) has farmed into the South Timbalier 224 (ST 224) lease in the Gulf of Mexico shelf, for a 25% working interest. ST 224 contains a large, amplitude supported, high CGR, gas c...
ONGC Videsh Acquires Interest from Tullow in PEL 37
Namibia >> 7/3/2017 - ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Na...
Diversified Gas & Oil Completes Acquisition of Gas & Oil Assets of Titan Energy
United States >> 6/30/2017 - Diversified Gas & Oil PLC, the US based gas and oil producer, has completed the acquisition of $72.8 million of assets from the total $84.2 million of assets that comprise the Acquisition of certain g...
ConocoPhillips to Sell Barnett Shale Assets for US$305m
United States >> 6/29/2017 - ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds f...
Subsea 7 Acquires Certain Businesses of EMAS Chiyoda Subsea
United States >> 6/29/2017 - Subsea 7 S.A. announced the acquisition of certain businesses of EMAS Chiyoda Subsea (ECS). The acquisition, under a US bankruptcy code Chapter 11 Plan of Reorganisation, was confirmed by the U.S. Ban...
Sale of Jurua Field in Solimoes Basin
Brazil >> 6/29/2017 - Petroleo Brasileiro S.A, Petrobras informs the start of the binding phase regarding the transfer of Petrobras’ stake in the Jurua Field, in the Solimoes Basin. ...
Key Petroleum Completes Cooper Eromanga Basin Asset Acquisition
Australia >> 6/28/2017 - Key Petroleum Limited, via its wholly owned subsidiary Key Cooper Basin Pty Ltd, has completed the acquisition of 100% of Authorities to Prospect ATP 783, ATP 920 and ATP 924 located in the Cooper and...
Lundin Petroleum Sells Brynhild Field Stake to CapeOmega
Norway >> 6/28/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly-owned subsidiary Lundin Norway AS (Lundin Norway) on 27 June 2017 entered into a sales and purchase agreement with CapeOme...
Carrizo Oil & Gas Acquires Delaware Basin for $648 Million
United States >> 6/28/2017 - Carrizo Oil & Gas, Inc. has agreed to acquire Delaware Basin properties from ExL Petroleum Management, LLC (ExL), a portfolio company of Quantum Energy Partners, for $648 million in cash, subject to c...
BOEM Completes Tract Evaluation
United States >> 6/27/2017 - The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, h...
Greece Approves Total- ExxonMobil, Energean Exploration Applications
Greece >> 6/23/2017 - Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum for oil and gas exploration and drilling off the island of Crete, its energy ministry said. ...
Pandion Energy Acquires All Licenses in Tullow Oil Norge
Norway >> 6/22/2017 - Pandion Energy AS (Pandion Energy) is pleased to announce that the company has been pre-qualified as licensee on the Norwegian Continental Shelf (NCS) and received an approval for the acquisition of a...
OTTO to Acquire 50% Interest in New Gulf of Mexico Lease
United States >> 6/22/2017 - Otto Energy Limited (Otto) (OEL) is pleased to report that it has elected pursuant to the Participation Agreement between its wholly owned subsidiary, Otto Energy (Louisiana) LLC, and a wholly owned s...
Centrica to Sell Langage & South Humber Bank Gas-Fired Power Stations
United Kingdom >> 6/21/2017 - Centrica plc has agreed to sell its operational Langage and South Humber Bank combined cycle gas turbine (CCGT) power stations, with a combined capacity of 2.3GW, to EP UK Investments Ltd (EPUK) for £...

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