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Acquisitions and Divestitures News

Eni & KMG Complete Transfer of Subsoil Use Rights of Isatay Block
Kazakhstan >> 12/22/2017 - The agreement expands the scope of Eni's activities in Kazakhstan and consolidates the strategic alliance with its key partner KazMunaiGas. The Ministry of Energy of the Republic of Kazakhstan, Eni a...
Mazarine Energy Awarded Douiret License
Tunisia >> 12/22/2017 - Mazarine Energy and ETAP applied for Douiret Prospection permit by August 2016 which was awarded on 22 December 2017 for the duration of 2 years validity. The percentage of participation are divided e...
Iraq Oil Ministry Starts Taking over Majnoon Oilfield Operations
Iraq >> 12/21/2017 - Iraq’s oil ministry said it had started to take over operations of Majnoon oilfield from Royal Dutch Shell and planned to lift output in future. The ministry said it had formed a management team to ha...
JX Nippon to Develop & Produce Oil and Gas from Beryl Gas Field
Malaysia >> 12/20/2017 - Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that PETROLIAM NASIONAL BERHAD (“PETRONAS”), the national oil company of Malaysia, has agre...
Eni Enters into New Exploration Permits Offshore Morocco
Morocco >> 12/20/2017 - Eni signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII, located in the waters of the Atlantic Ocean offshore t...
GeoPark Announces Argentina Acquisition
Argentina >> 12/19/2017 - 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, annou...
NOVATEK’s JV Obtains Osenniy License Area in YNAO
Russia >> 12/19/2017 - PAO NOVATEK (NOVATEK) announced that its joint venture “Arcticgas” won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Au...
Statoil Acquires 25% of the Roncador Field in Brazil for $2.9B
Statoil Acquires 25% of the Roncador Field in Brazil for $2.9B Brazil >> 12/18/2017 - Statoil ASA (STO) and Petroleo Brasileiro S.A. - Petrobras (Petrobras) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transactio...
COPL Mozambique License Awarded and Nigeria Update
Mozambique >> 12/15/2017 - Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company, announces that through its 50% owned subsidiary ShoreCan, COPL has been advised by the Gov...
Energean Awarded 5 Exploration Licences, Offshore Israel
Israel >> 12/13/2017 - Energean Oil & Gas is pleased to announce that Energean Israel has been awarded five offshore exploration licences within the Israeli Exclusive Economic Zone (EEZ) by the Israeli Petroleum Commissione...
Statoil & QGEP Complete Transaction on the Carcara Oil Discovery
Brazil >> 12/13/2017 - Statoil and Queiroz Galvao Exploracao e Producao (QGEP) have completed their transaction announced in July 2017, whereby Statoil has acquired QGEP’s 10% interest in the BM-S-8 block in Brazil’s Santos...
WA-359-P Extension of BP Equity Option
Australia >> 12/13/2017 - Cue Energy Resources Ltd (CUE) is pleased to advise that through its 100% owned subsidiary, Cue Exploration Pty Ltd, it has agreed to extend the 42.5% equity option over exploration permit WA- 359-P...
ExxonMobil Completes LNG Acquisition in Mozambique Area 4
Mozambique >> 12/13/2017 - ExxonMobil announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsib...
NOVATEK Acquires Chernichnoye Field
Russia >> 12/12/2017 - NOVATEK has concluded an agreement to acquire Chernichnoyefrom oil company 'Mangazeya' JSC. The transaction is expected to close in early 2018. ...
Premier Oil Announces Sale of Interest in ETS Pipeline
United Kingdom >> 12/11/2017 - Premier has entered into a sale and purchase agreement (SPA) to sell its entire equity interest in the Esmond Transportation System (ETS) pipeline to CATS Management Limited (an Antin Infrastructure P...
Oasis Petroleum Announces Delaware Basin Acquisition
United States >> 12/11/2017 - Oasis Petroleum Inc. has entered into a definitive purchase and sale agreement with Forge Energy to acquire 20,300 net acres in the Delaware Basin (the 'Permian Assets') for approx. $946 million, cons...
Keppel Secures S$130 Million in Projects from Repeat Customers
Singapore >> 12/11/2017 - Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras a...
CMA CGM GROUP Completes the Acquisition of MERCOSUL Line & Strengthens its Service Offering
United States >> 12/8/2017 - CMA CGM Group, a world leader in maritime transport, announces that it has completed the acquisition of MERCOSUL Line. MERCOSUL Line is one of the leading players in Brazil’s domestic container shippi...
NOVATEK Acquires South-Khadyryakhinskoye & Eurotek
Russia >> 12/6/2017 - NOVATEK has announced the acquisition of South-Khadyryakhinskoye and Eurotek from AR Oil & Gas, a joint venture of Neftegazholding and Repsol. ...
Hibiscus Petroleum to Acquire Shell’s 50% Interest in the 2011 North Sabah PSC
Malaysia >> 12/6/2017 - Hibiscus Petroleum, Malaysia’s first listed independent oil and gas exploration and production company, announced that it has received unconditional consent from Petronas Carigali under the Joint Oper...

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