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Acquisitions and Divestitures News

Samson Oil & Gas Selling State GC Assets in New Mexico
United States >> 5/11/2017 - Further to the announcement made on May 8th, 2017, Samson advises that it has entered into a Purchase and Sale agreement with respect to its State GC assets in New Mexico with a private US based energ...
Alba Mineral Completes Acquisition of 5% Interest in Brockham Licence
United Kingdom >> 5/11/2017 - Alba Mineral Resources plc is pleased to announce that, pursuant to the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited (Angus), and following receipt of the con...
ENGIE to Sell its 70% Interest in EPI for €4.7 Billion
France >> 5/11/2017 - ENGIE reached a major milestone in its transformation plan today as it has received a firm and binding offer from Neptune Energy for the sale of its 70% interest in Exploration & Production Internatio...
WildHorse Resource Acquires Eagle Ford Properties from Anadarko
United States >> 5/11/2017 - WildHorse Resource Development Corporation has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and af...
ExxonMobil to Acquire One of World’s Largest Aromatics Plants
Singapore >> 5/10/2017 - ExxonMobil Chemical Company announced today that its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation Pte Ltd to acquire its plant located on Jurong Island in Singapore. ...
Parkmead Acquisition Doubles its Stake in Key North Sea Gas Area
United Kingdom >> 5/10/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has signed a Sale and Purchase Agreement with Verus Petroleum (SNS) Limited to acquire a 50% interest in UK North Sea Licence P....
Carnarvon Petroleum Granted Cerebrus Project Extension
Australia >> 5/8/2017 - Carnarvon Petroleum has provided an update on the timing and extent of technical work that is being completed on the EP-490, EP-491, TP/27 and EP-475 exploration blocks in the North West Shelf offshor...
Lukoil Interested in Joining Iran Oil Sector
Iran >> 5/8/2017 - An executive with Russian oil giant Lukoil says his company is seeking to enhance its activities in Iran’s oil industry. Speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and...
Po Valley Advances Funding for Key Northern Gas Field
Australia >> 5/8/2017 - Australian gas producer Po Valley Energy has reached a conditional agreement for United Oil & Gas to earn a 20% stake through a 2 for 1 farm in to Po Valley’s Podere Gallina licence, which contains th...
Origin Increases Interest in Prospective Beetaloo Joint Venture to 70%
Australia >> 5/5/2017 - Origin Energy has increased to 70 per cent its share in the Beetaloo Joint Venture after acquiring Sasol Petroleum Australia’s 35 per cent share. ...
Angus Energy Increases Interest in Lidsey Oil Field
United Kingdom >> 5/4/2017 - Angus Energy plc (the "Group") has notified Terrain Energy Ltd. (Terrain) that it is exercising the Group's option to acquire a further 10% interest in the Lidsey Oil Field (PL 241, "the License"). Th...
African Petroleum Comments on Rufisque Profond Block Award to Total
Senegal >> 5/3/2017 - African Petroleum notes the press release by Total on 2 May 2017 where it states that it has entered into an agreement with the Republic of Senegal that “…involves an exploration and production sharin...
Gazprom Neft Acquires Licenses to Develop Two Fields in The Yamalo-Nenets Autonomous Okrug
Russia >> 5/2/2017 - Gazprom Neft has acquired development rights to two new assets — the Tazovskoye and Severo-Samburgskoye fields — in the Yamalo-Nenets Autonomous Okrug. Subsoil usage rights to the Tazovskoye block run...
KNPC, PIC Agree to Shift Key Oil Projects to KIPIC
Kuwait >> 5/2/2017 - Kuwait National Petroleum Company (KNPC) and the Petrochemicals Industries Company (PIC) signed agreements to transfer contracts of key projects to Kuwait Integrated Petrochemical Industries Company (...
Noble Energy Sells Marcellus Gas Assets for $1.225 Billion
United States >> 5/2/2017 - Noble Energy, Inc. (Noble Energy) has signed a definitive agreement to divest all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for a total amount ...
Devon Energy Announces $1B Divestiture Plan
United States >> 5/2/2017 - Devon Energy Corp. (DVN) announced its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the...
Santos Increases Interest in Southern Amadeus Basin Permits
Australia >> 5/2/2017 - Central Petroleum Limited's (Central) joint venture partner, Santos QNT Pty Ltd (Santos), has exercised its option to acquire a 50% participating interest in and be appointed operator of EP(A)111 and ...
Total Signs Agreements to Explore Senegal’s Deepwater Potential
Senegal >> 5/2/2017 - Total and the Republic of Senegal have signed two agreements enabling Total to contribute to the exploration activities in Senegal’s deep and ultra-deep offshore. ...
Paramount Sells its Oil and Gas Assets for $150M
Canada >> 5/1/2017 - Paramount Resources Ltd. (POU) (Paramount) is pleased to announce that it has agreed to sell its oil and gas properties in the Valhalla area of Alberta (the "Assets") for cash consideration of approxi...
Joint Operating Agreement for the TSP Fields
Trinidad and Tobago >> 5/1/2017 - The National Gas Company of Trinidad and Tobago Limited (NGC) and TSP Operator Perenco T&T Limited, recently met to close-out several historical TSP related items under the Joint Operating Agreement f...

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