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Acquisitions and Divestitures News

Rawson Agrees Otway Basin Farm-in Deal with Vintage
Australia >> 7/27/2017 - Rawson Oil and Gas Limited “Rawson” has entered into a binding heads of agreement with Vintage Oil and Gas “Vintage" whereby Vintage will acquire a working interest in PEL 155 in the Otway Basin by wa...
Petronas Relinquishing Two Blocks Offshore Vietnam
Vietnam >> 7/27/2017 - PETRONAS' subsidiary PC Vietnam Limited (PCVL) will hand over Blocks 01 and 02, located at the Cuu Long basin, offshore Vietnam, to the host authority once the Production Sharing Contract (PSC) for th...
Rouge Rock Farms into Offshore Permits AC/P50 & 51
Australia >> 7/26/2017 - Melbana Energy Limited (Melbana) is pleased to provide the following update on its offshore Australian Ashmore Cartier Exploration Permits AC/P50 and AC/P51 (Permits). ...
RigNet Acquires All the Assets of Data Technology Solutions
United States >> 7/24/2017 - RigNet, Inc. has acquired substantially all of the assets of Data Technology Solutions (DTS), a private Louisiana based company that provides comprehensive communications and IT services to the onshor...
Closing Transaction for the Sale of 9.25% in the Tamar and Dalit Leases
Israel >> 7/24/2017 - Delek Group announced that below an immediate report that was published by Delek Drilling Partnership Limited is provided advising on the closing of a transaction for the sale of participation interes...
Magnolia Petroleum Divests North Dakota & Oklahoma Wells
United States >> 7/21/2017 - Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce the divestment of 19 new wells in North Dakota and Oklahoma via two separate tr...
African Petroleum Lets Blocks Sale Exclusivity Clause Lapse
Gambia >> 7/20/2017 - African Petroleum has agreed to let an exclusive agreement lapse in talks to sell oil licences in Gambia and Senegal, it said. African Petroleum had been in negotiations to sell a 70 percent stake in ...
ExxonMobil Says will not Continue Discussions over East Natuna Gas Field
Indonesia >> 7/18/2017 - The Indonesian unit of ExxonMobil on Tuesday said the company "no longer wishes to continue further discussions or activity" involving the East Natuna gas block in the country. ...
Horizon Oil Strengthens Acreage Position in Papua New Guinea
Papua-New Guinea >> 7/18/2017 - Horizon Oil has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 mmbbl of condensate. The C...
IOG Awarded Block 48/25a in UKCS 2016 Licensing Round
United Kingdom >> 7/14/2017 - Independent Oil and Gas plc (IOG), the North Sea development and production focused Oil and Gas Company, has been awarded a new licence by the UK Oil and Gas Authority (OGA) in the 2016 Supplementary ...
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
Canada >> 7/13/2017 - Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
Krewe Energy Acquires Timbalier Bay Field
United States >> 7/12/2017 - Krewe Energy, LLC, (Krewe Energy), a privately held oil and gas exploration and production company based in Covington, Louisiana, recently completed the acquisition of the Timbalier Bay Field located ...
Statoil Strengthens Position in Brazilian Licence BM-S-8
Brazil >> 7/12/2017 - Statoil ASA and Queiroz Galvao Exploraçao e Produçao (“QGEP”) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. The additional 10% equ...
Cobalt International Enters into Agreement to Expand Anchor Unit
United States >> 7/12/2017 - Cobalt International Energy, Inc. (Cobalt) has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the curr...
Rosneft Wins the Auction for Erginskoye License Area
Russia >> 7/12/2017 - Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price...
Jadestone Energy Transfers Stag Oil Field Operatorship
Australia >> 7/10/2017 - Jadestone Energy Inc. (JSE) is pleased to announce that operatorship of the Stag Oilfield (block WA-15-L) has successfully transferred to Jadestone Energy (Australia) Pty Ltd, a wholly owned subsidiar...
Egdon Acquires Producing Fiskerton Airfield Field
United Kingdom >> 7/10/2017 - Egdon Resources plc is pleased to announce the acquisition of the producing Fiskerton Airfield oil field in Lincolnshire licence EXL294. Egdon Resources plc will acquire a 100% interest in, and operat...
Mexico's Pemex Expects Active Farm-out Season in 2018
Mexico >> 7/10/2017 - Mexico's Pemex anticipates a very active "farm-out" season next year that would allow the state-run oil company to gain capital for major offshore and onshore projects, Chief Executive Jose Antonio Go...
North Energy to Sell its 40% Working Interest in PL 805
Norway >> 7/7/2017 - North Energy ASA's (North Energy) subsidiary North E&P AS (North E&P) has signed an agreement with Lundin Norway AS (Lundin Norway) whereby North E&P will sell its 40% working interest in production l...
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...

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