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Acquisitions and Divestitures News

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...
Northern Petroleum Acquires Gas Assets Onshore Italy
Italy >> 6/8/2017 - Northern Petroleum, the AIM quoted oil and gas company focusing on production led growth, announces the acquisition of onshore production and development gas assets (the "Acqusition Assets") in Italy ...
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...
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...
Savannah Petroleum to Acquire West African Focused Business
Niger >> 6/8/2017 - Savannah Petroleum PLC (Savannah) has entered into a binding exclusivity agreement with a West African focused business (the “Target”) in relation to the potential acquisition of substantially all of ...
GeoPartners & Petroguin to Accelerate Development Offshore Guinea Bissau
Guinea Bissau >> 6/8/2017 - Bissau Exploration Company, a wholly owned subsidiary of UK based GeoPartners, has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e...
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...
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...
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...
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. ...

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