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Acquisitions and Divestitures News

CNOOC Looks for Gulf of Mexico Oil Partners
Mexico >> 9/15/2017 - CNOOC Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. ...
The Azerbaijan Government & Co-Venturers Sign Amended and Restated ACG PSA
Azerbaijan >> 9/14/2017 - The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended an...
Premier Oil Seeks Buyer for Stake in North Sea Gas Field
Norway >> 9/14/2017 - Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil...
Statoil Joins Impact and ExxonMobil in Transkei-Algoa
South Africa >> 9/14/2017 - Following Statoil South Africa B.V. (Statoil) announcement on 07 September 2017, Impact Oil and Gas (Impact), the African-focused exploration company, welcomes Statoil as a partner in this acreage. St...
Premier Oil to Sell Wytch Farm Interests for $200 Million
United Kingdom >> 9/12/2017 - Premier has entered into a sale and purchase agreement to sell its entire interests in Licences PL089 and P534, which contain the Wytch Farm field (Wytch Farm), to Verus Petroleum SNS Limited (Verus) ...
Shell to Withdraw from Iraq's Majnoon Oilfield
Iraq >> 9/12/2017 - Royal Dutch Shell is seeking to sell Iraq’s Majnoon oilfield and the oil ministry has started preparations to finalize its exit, according to an oil ministry letter and oil officials. A letter signed ...
Sabinal Energy, LLC Acquires Central Basin Platform
United States >> 9/12/2017 - Sabinal Energy, LLC (Sabinal) and the Kayne Private Energy Income Fund, L.P. (Kayne or the “Fund”) announced the closing of the purchase of certain producing oil and natural gas assets owned by Chevro...
Origin Energy Secures Increased Interest in Otway for Lattice Energy
Australia >> 9/11/2017 - Origin Energy Limited (Origin) has entered into an agreement with Benaris to enable Lattice Energy to acquire Benaris' 27.77 per cent interest in the Otway Gas Project Joint Venture. The acquisition i...
Mosman Oil & Gas Acquires Welch Permian Basin Project
United States >> 9/11/2017 - Mosman Oil and Gas Limited, the oil exploration, development and production company, has executed a contract to acquire several oil and gas leases that comprise the Welch Permian Basin Project ("Welch...
Statoil Farms into Two Exploration Blocks in South Africa
South Africa >> 9/7/2017 - Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship. Statoil has completed a transaction with ExxonMobil Exploration and Production Sout...
Senex Awarded Surat Basin Acreage for Domestic Gas Supply
Australia >> 9/5/2017 - Senex Energy Limited (Senex) has been successful in the Queensland Government’s domestic gas acreage tender, with first gas targeted for 2019. ...
Brazil Ready to Join Iran Oil Projects
Iran >> 9/5/2017 - Brazil’s Minister of Mines and Energy Fernando Coelho Filho said Brazilian companies are technically ready to develop projects in Iran's oil and gas sector. ...
Cenovus Agrees to Sell Pelican Lake Assets forApprox. $1B
Canada >> 9/5/2017 - Cenovus Energy Inc. (CVE) has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern Alberta, for gross cash proceeds of $...
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...
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...
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...
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...

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