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Acquisitions and Divestitures News

Statoil Awarded New UK Exploration Licences
United Kingdom >> 3/23/2017 - Statoil was awarded six UK licenses, five as operator and one as partner, in the 29th Offshore Licensing Round, announced by the Oil and Gas Authority (OGA) today. ...
Gastar Exploration Acquires STACK Leasehold
United States >> 3/22/2017 - Gastar Exploration Inc. (Gastar) has completed the acquisition of additional working and net revenue interests in approximately 66 gross (9.5 net) producing wells and 5,670 net acres of additional STA...
Successful GoM Lease Sale 247 Yields $275 Million in High Bids
United States >> 3/22/2017 - U.S. Secretary of the Interior Ryan Zinke announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Ce...
Eni Awarded Two New Blocks Offshore Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 3/22/2017 - Eni has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two blocks are located approximately 50 km from the country’s coastline. ...
Sinopec Buys First Major Refinery in Africa from Chevron
South Africa >> 3/22/2017 - China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies anno...
Update on Acquisition of Wytch Farm, Scott & Telford Interests
United Kingdom >> 3/22/2017 - RockRose Energy announced on 22nd December 2016 that it had signed sale and purchase agreements with Maersk Oil North Sea UK to acquire its non-operated interests in the Wytch Farm, Scott and Telford ...
Marathon Oil Acquires $700 Million Northern Delaware
United States >> 3/21/2017 - Marathon Oil Corporation announced the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mou...
Birchcliff Announces Sales for Charlie Lake Light Oil Resource
Canada >> 3/21/2017 - Birchcliff Energy Ltd. (BIR) announced that it will pursue the sale of its oil and natural gas properties and related assets on the Charlie Lake Light Oil Resource Play located in the Peace River Arch...
Pengrowth to Sell North Central Alberta Properties for $180 Million
Canada >> 3/20/2017 - Pengrowth Energy Corporation (Pengrowth) has entered into an agreement for the sale of a portion of its Swan Hills assets in North Central Alberta for total cash consideration of $180 million, subject...
Major Concerns over Possible Forties Pipeline Sale to Ineos
United Kingdom >> 3/17/2017 - Unite the union has expressed serious concerns over the possible sale of the Forties Pipeline System from BP to Ineos. Unite was involved in two major disputes with Ineos over the treatment of workers...
CNOOC Exercises its Pre-Emption Rights in Respect of Farm Down to Total
Uganda >> 3/17/2017 - On 9 January 2017, Tullow Oil plc (Tullow) announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for ...
Sinopec Nears Deal to Buy Chevron's South African Assets
South Africa >> 3/17/2017 - China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion (807.1 million pounds) to secure its first major refinery on the continent, several people familiar wit...
Oil Basins Withdraws from EP487 Derby Block
Australia >> 3/16/2017 - The Directors of Oil Basins Limited (OBL) wish to advise that OBL has decided to effectively withdraw from its position as a 50% Joint Venture Partner in EP487 (Derby Block). Rey Resources Limited (RE...
Energean Signs Concession Contract for Two Blocks in Montenegro
Albania >> 3/15/2017 - Energean Oil & Gas (Energean) has signed an exploration and production Concession Contract with the State of Montenegro covering offshore blocks 4219-26 and 4218-30, following approval from the Parlia...
Pioneer Sells Northeastern Martin County Acreage for $266m
United States >> 3/15/2017 - Pioneer Natural Resources Company (Pioneer) has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, fo...
Europa Oil & Gas Re-Assigns Licence Interest to Arenite Petroleum
United Kingdom >> 3/14/2017 - Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development and production company, announces that following the acquisition of Shale Petroleum (UK) Lim...
Atlantic Petroleum Sells its Interest in Orlando
United Kingdom >> 3/14/2017 - Atlantic Petroleum has entered into a Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando development. The consideration is a 2% revenue share of the total Orlando pro...
INEOS Adds to Shale Gas Licence Portfolio
United Kingdom >> 3/9/2017 - INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited, increasing ...
Enerplus Divests Alberta & Saskatchewan Assets for $67.3 Million
Canada >> 3/9/2017 - Enerplus Corporation has entered into definitive agreements to sell various Canadian properties located in Alberta and southwest Saskatchewan for aggregate proceeds of $67.3 million, before customary ...
ExxonMobil to Acquire 25% Interest in Mozambique Area 4 from Eni
Mozambique >> 3/9/2017 - ExxonMobil and Eni have signed sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni curren...

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