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Acquisitions and Divestitures News

Gazprom Neft Acquires Subsoil Usage License for the Parabelsky Block
Russia >> 6/8/2017 - Gazprom Neft subsidiary Gazpromneft-Vostok has acquired the subsoil usage licence for the Parabelsky block, located in the Tomsk Oblast. The licence, for geological prospecting at the block, was award...
Providence Signs Exclusive Option with Total for Farm-into FEL 2/14
Ireland >> 6/7/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, has entered into an Exclusive Option (the “Option”) with TOTAL E&P IRELAND B.V. (TOTAL), a wholly owned subsidiary of TOTA...
Providence Signs Farm-In Agreements Regarding LO 16/27
Ireland >> 6/7/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on Licensing Option (LO) 16/27, which lies in c. 1,300 metre water depth in the southern Porc...
Clontarf Energy Wins Offshore Acreage in EG 2017 Bid Round
Equatorial Guinea >> 6/6/2017 - Clontarf Energy has been awarded Block 18 (EG-18) in the Equatorial Guinea 2017 Bid Round. Block 18 covers approximately 5,056 km2 of undrilled deep water acreage with several play types. Clontarf Ene...
Hyperdynamics Completes Farmout Transaction with SAPETRO
Guinea >> 6/6/2017 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) have completed the closing of their previously announced Farmou...
Providence Receives Approval for Assignment of 30% equity in FEL 2/14
Ireland >> 6/5/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (FEL) 2/14. ...
Equatorial Guinea Ronda Winners Announced at AOP
Equatorial Guinea >> 6/5/2017 - The seven winners of the EG Rhonda 2016 Licensing Round were announced Monday by H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea at Africa Oil & Power, one ...
Shell Buys Chevron's Trinidad and Tobago Assets for $250M
Trinidad and Tobago >> 6/2/2017 - Royal Dutch Shell has agreed to acquire Chevron's assets in Trinidad and Tobago, including its holdings in the East Coast Marine Area Blocks 6, 5a and E, the company said. ...
BP to Sign Azerbaijan Oilfield Extension Deal at End of June 2017
Azerbaijan >> 6/1/2017 - BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on Wednesday. ...
Armour Energy Acquires QGC’s Interests in ATP 647
Australia >> 5/31/2017 - Amour Energy Limited has acquired QGC’s interest in ATP 647 on the Roma Shelf, Surat Basin. Armour now holds 100% of ATP 647 which is located immediately to the east of Armour’s PL 227 and its Myall C...
Union Jack Oil Completes Acquisition of Additional Interest in PEDL180 & 182
United Kingdom >> 5/31/2017 - Further to the announcement of 6 March 2017, Union Jack Oil plc (Union Jack), a UK-focused, onshore oil and gas production and exploration company is pleased to announce that the Oil and Gas Authority...
CLNR Provides Update on Southern North Sea Licence P2248
United Kingdom >> 5/31/2017 - CLNR, the natural resources investing company with gas assets in the Southern North Sea, is pleased to provide an operational update on its 100% owned asset P2248, located in the Southern North Sea. ...
GE & Partners Sign more than $5.5 Billion in New Contracts and MOUs
GE & Partners Sign more than $5.5 Billion in New Contracts and MOUs Vietnam >> 5/31/2017 - General Electric (GE) announced the signing of agreements valued at more than $2 billion to support the development of Vietnam’s energy sectors, as well as agreements valued at over $3.58 billion for ...
Norwest Energy Completes Xanadu Farmout
Australia >> 5/30/2017 - Norwest Energy has executed farm-out agreements (‘FOAs’) with 3C Group, Triangle Energy and Transerv Energy to formalise the farm-out of its TP/15 permit, which includes the Xanadu Prospect containing...
LINN Energy to Sell Salt Creek for $71.5 Million
United States >> 5/30/2017 - LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million...
Oil Search to Farm-In to Exxonmobil Acreage in Onshore PNG
Papua-New Guinea >> 5/29/2017 - Oil Search Limited announces that its subsidiary, Oil Search (PNG) Limited, has entered into arrangements regarding the acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from...
Otto Energy & Swala Settle Claims Regarding Tanzanian Licences
Tanzania >> 5/26/2017 - Otto Energy Limited (Otto), its subsidiary, Otto Energy (Tanzania) Pty Ltd (OET), and Swala Oil and Gas (Tanzania) Plc (Swala) advise that they have entered into settlement and other commercial arrang...
Cue Energy Grants Extension to BP's Option to Farm-in To the Ironbark Prospect in WA-359-P
Australia >> 5/26/2017 - Cue Energy Resources has agreed to extend the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Australia, as announced on the 13th October 2016, until the 25th October 2...
Buru Energy Announces Canning Basin Asset Swap with Mitsubishi
Australia >> 5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (Canning) (DRC) which are both wholly owned subsidia...
Trilogy Energy Sells Duvernay Assets for $60 Million
Canada >> 5/25/2017 - Trilogy Energy Corp. (Trilogy) has entered into an agreement to sell certain Duvernay assets in the Kaybob area of Alberta and provide an update on its previously announced asset sale in the Grande Pr...

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