Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

CNOOC Signs South China Sea PSC with SK Innovation
China >> 9/5/2017 - CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation for Block 17/08 in the South China...
Total Divests its Remaining 15% Interest in Gina Krog Field to KUFPEC
Norway >> 9/4/2017 - Total has signed an agreement to divest its remaining 15% interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). This agreement builds on the 2016 transact...
Finder Farms out WA-520-P in the Carnarvon Basin to Woodside
Australia >> 9/1/2017 - Finder is pleased to announce that it has entered into a farm-out agreement which provides for Woodside to earn a 90% participating interest in Exploration Permit WA-520-P (“the Permit”). The Permit i...
KUFPEC Doubles Its Interest in Gina Krog Field
Norway >> 8/30/2017 - Kuwait Foreign Petroleum Exploration Company k.s.c. (“KUFPEC”) announced that its wholly-owned subsidiary KUFPEC Norway AS has reached agreement to acquire a 15% interest in the Gina Krog field from T...
Potential Commercial Areas Granted to Icon Energy over ATP 855
Australia >> 8/29/2017 - Icon Energy has announced that, pursuant to Section 90(1) of the Petroleum and Gas (Production and Safety) Act 2004, the Department of Natural Resources and Mines (DNRM) declared on 25 August 2017 Pot...
Apex International Signs Two Concession Agreements in Egypt
Apex International Signs Two Concession Agreements in Egypt Egypt >> 8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Meleiha (2,535 km 2) concessions, located in the prol...
Petro Australis Exercises its Right to Acquire 40% of Block 9
Cuba >> 8/28/2017 - Melbana Energy Limited (MAY) (Melbana) is pleased to advise that Petro Australis Limited (Petro Australis) has provided a notice to Melbana exercising its back-in right with respect to a 40% participa...
ExxonMobil Completes Acquisition of One of the World’s Largest Aromatics Plants
Singapore >> 8/27/2017 - ExxonMobil Chemical Company announced that its Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The acquisition was f...
NOVATEK Obtains New Licence Areas in Yamal & Gydan
Russia >> 8/27/2017 - NOVATEK has announced that its subsidiaries Arctic LNG-2 and NOVATEK-Yurkharovneftegas obtained new licence areas in the Yamal and Gydan peninsulas, which significantly expands the Company’s resource ...
AGL Agrees to Sell North Queensland Gas Assets
Australia >> 8/25/2017 - AGL Energy Limited (AGL) has agreed to sell its North Queensland gas assets to a consortium of Shandong Order Gas Co. Ltd. (Shandong) and Orient Energy Pty Ltd (Orient). The assets comprise AGL’s 50 p...
FAR Awarded Additional Equity & Improved Deep Water Terms
Guinea Bissau >> 8/25/2017 - FAR Limited has received official confirmation that the increase in equity and amendments to the Guinea-Bissau licences announced on 4 April 2017, have been approved by Government Decree. ...
DNO Increases Stake at Tawke Oilfields in Kurdish Region of Iraq
Iraq >> 8/24/2017 - DNO ASA, the Norwegian oil and gas operator, has been assigned the 20 percent interest in the Tawke license held by the Kurdistan Regional Government as part of a landmark settlement of outstanding re...
Premier Oil to Sell its Interest in Wytch Farm Oil Field
United Kingdom >> 8/22/2017 - Premier notes today’s media speculation and confirms that it has reached agreement with a third party for the disposal of its entire 33.8% interest in the Wytch Farm field. The proposed consideration ...
Petrofac Sells Stake in Panuco Contract to Schlumberger
Mexico >> 8/22/2017 - Petrofac and Schlumberger announce that Petrofac has sold its 50% interest in Petro-SPM Integrated Services S.A. de C.V (1) to Schlumberger. Petro-SPM operates the Panuco Integrated Service Contract i...
Upland Resources Provides Update on Wressle Farm-in Agreement
United Kingdom >> 8/21/2017 - Upland Resources Limited., the oil and gas company actively building a portfolio of attractive upstream assets, notes the 'Operational Update' announcement issued on 14th August 2017 by Egdon Resource...
Shell Completes SADAF Chemicals Sale to SABIC for $820M
Saudi Arabia >> 8/16/2017 - Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 ...
Whiting Petroleum Sells Fort Berthold Area Assets for $500m
United States >> 8/15/2017 - Whiting Petroleum Corporation has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota to RimRock Oil & Gas Williston, LLC. The cash ...
Range Resources Acquires Producing Assets in Trinidad
Trinidad and Tobago >> 8/11/2017 - Range is pleased to announce that it has entered into a binding sale and purchase agreement (SPA) to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Producti...
Sempra Renewables Acquires California Solar project from Canadian Solar Subsidiary Recurrent Energy
Canada >> 8/9/2017 - Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (CSIQ), announced that Sempra Renewables LLC, a unit of Sempra Energy (SRE), has acquired its 200 MWac/281 MWp Gre...
Parkmead Completes Important UK Gas Area Acquisition
United Kingdom >> 8/9/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has completed the previously announced acquisition of a 50% interest in the UK North Sea Licence P.2209. from Verus Petroleum (S...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.