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Acquisitions and Divestitures News

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 ...
Echo Energy Acquires Interst in Huayco Block
Bolivia >> 6/20/2017 - Echo Energy plc has signed a binding joint evaluation agreement with Pluspetrol Bolivia Corporation SA (Pluspetrol) which positions the Company to secure an 80% operated interest in the Huayco block i...
Occidental Monetises Non-Strategic Permian Resources Acreage
United States >> 6/19/2017 - Occidental Petroleum Corporation has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately...
Mexico Awarded Ten Contracts in Shallow Water Auction
Mexico Awarded Ten Contracts in Shallow Water Auction Mexico >> 6/19/2017 - In a public session broadcast live, was made the opening of proposals and declaration of Winning Bidders of the Contracts for the Exploration and Extraction of hydrocarbons, corresponding to Round Two...
European Commission Approves Shell's $3.8b North Sea Sale
United Kingdom >> 6/16/2017 - The European Commission approved Royal Dutch Shell's $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. "The Commission concluded that the proposed acquisition would ...
Receiving Approval for Assignment of Maersk's Interest in Scott & Telford Fields
United Kingdom >> 6/15/2017 - RockRose Energy PLC (the "Company") is pleased to announce that the OGA has confirmed to RockRose that Maersk Oil North Sea UK Ltd (Maersk) will receive consent from the OGA for the assignment of the...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat Egypt >> 6/15/2017 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc ("Echo") to a...
Uganda to Finalise Oil Exploration Deal with Oranto Petroleum
Uganda >> 6/14/2017 - Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said. The firm, Oranto Petroleum Internatio...
Iran to Sign New Oil Contracts by Year End
Iran >> 6/14/2017 - Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field de...
Tap Oil Sells Interest in Northern Carnarvon Basin Permit WA-8-L
Australia >> 6/14/2017 - As part of its strategy to realise value from its non core asset portfolio, Tap Oil Limited has entered into a sale and purchase agreement with a private E&P company for the sale of its 20% interest i...
Wentworth Starts Farmout Process for Tembo-1 Appraisal Asset
Mozambique >> 6/13/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
Egdon Resources Acquires Interest in PEDL278
United Kingdom >> 6/12/2017 - Egdon Resources plc is pleased to announce completion of the acquisition of an interest in a licence in the Company's East Midlands core area. ...
President Energy Appoints Advisors for Paraguay Farm-outs
Paraguay >> 6/12/2017 - President Energy (PPC), the upstream oil and gas company is pleased to announce that it has appointed the specialist global oil and gas adviser ENVOI to support the prospective farm-outs of its Paragu...
NOVATEK Obtains Gydanskiy Subsoil Licence at the Gydan Peninsula
Russia >> 6/11/2017 - NOVATEK has announced that its subsidiary 'Arctic LNG-1' has won the bid for a geological survey, exploration and hydrocarbons production licence for the Gydanskiy subsoil area for a term of 27 years....
Encana to Sell its Piceance Natural Gas Assets for $735 Million
United States >> 6/9/2017 - Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado,...
Centrica Agrees the Sale of its Canadian E&P Business
Canada >> 6/9/2017 - The CQ Energy Canada Partnership, the Canadian E&P joint venture in which Centrica owns a 60% interest, is to be sold to a consortium comprising MIE Holdings Corp, The Can-China Global Resource Fund a...
LEKOIL Receives Ministerial Consent for OPL310 Farm-in
Nigeria >> 6/9/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted c...
Pemex Speeds Up Its Association Strategy to Increase Crude Oil Output
Mexico >> 6/8/2017 - Pemex will accelerate the establishment of farm-out arrangements and strategic associations across its business lines in order to increase production of both crude and petroliferous protects, and to b...

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