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Acquisitions and Divestitures News

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...
Panoro Energy Completes Dussafu Transaction
Gabon >> 4/28/2017 - Panoro Energy ASA (Panoro) is pleased to announce the closing of the sale of a 25% working interest in the Dussafu Production Sharing Contract (Dussafu PSC) offshore Gabon to BW Energy Gabon (BWEG), a...
Mexican Oil Regulator Approves First Onshore JV Projects
Mexico >> 4/28/2017 - Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved by regulators. ...
Mexico's Pemex Approves New Deepwater Gulf JV
Mexico >> 4/27/2017 - The board of Mexico's state-owned oil company Pemex on Thursday approved its second-ever deep water joint venture covering the Nobilis-Maximino block in the country's territorial Gulf waters. ...
Irish Government Approves Farmout of Licence LO 16/19 to Cairn
Ireland >> 4/26/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce Irish Government consent has been received for the transfer of a 70% in...
Canacol Energy Acquired Interest in the SSJN7 E&P Contract
Colombia >> 4/25/2017 - Canacol Energy Ltd. (CNE) is pleased to announce that it has purchased Pacific Exploration and Production’s (PEP) 50% operated interestin the SSJN7 Exploration and Production (E&P) Contract for a cons...
Atlas Copco to Acquire Full Stake in Taiwanese Exhaust Management Business
Taiwan >> 4/20/2017 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to buy the remaining stake in CSKT Inc., a joint venture in Taiwan that sells and services gas abatement and chemical ...
Hyperdynamics & SAPETRO Sign Third Amendment to Guinea PSC
Guinea >> 4/19/2017 - SCS Corporation Ltd. (SCS), a wholly owned subsidiary of Hyperdynamics Corporation, South Atlantic Petroleum (SAPETRO) and the Government of the Republic of Guinea have executed a Third Amendment to t...
Mosman Oil & Gas Acquires Strawn Oil Project for $75,000
United States >> 4/18/2017 - Mosman Oil and Gas Limited, the oil exploration and development company, has executed contracts to acquire 50% of the Strawn Oil Project (the "Project" or Project") located in Young County, Texas for ...
African Petroleum to Farm Out Senegal & Gambia Licences
Senegal >> 4/18/2017 - African Petroleum, an independent oil and gas exploration company operating high impact exploration licences offshore West Africa, has signed non-binding heads of terms and a binding exclusivity agree...
Sale Process of BM-S-8 Exploration Block
Brazil >> 4/17/2017 - Petrobras informs that became aware of the decision by the 2nd Federal District Court (Sergipe state) that granted an injunction to suspend the transfer of Petrobras’ stake in the BM-S-8 exploration b...
CNOOC Signs PSC with Husky
China >> 4/14/2017 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Bl...
Mahalo Block Work Plan Approved
Australia >> 4/13/2017 - Comet Ridge Limited is pleased to announce that the Mahalo Joint Venture (Comet Ridge-40%, Santos-30%, and APLNG-30%) has unanimously approved the Amended Mahalo 2017 Joint Venture Exploration Work Pr...
ConocoPhillips to Sell San Juan Basin Assets for $3B
United States >> 4/13/2017 - ConocoPhillips (COP) announced it has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy Company for up to $3.0 billion of total proceeds...
Goldcrest Resources Acquires Georgian Oil and Gas Assets
Georgia >> 4/11/2017 - Goldcrest Resources plc, has agreed terms to acquire a 100% interest in the producing Norio onshore oil field Production Sharing Agreement (PSA) and an option to form a farm-in agreement to acquire a ...
Independent Oil & Gas Acquires Southern North Sea pipeline
United Kingdom >> 4/11/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, has signed a Sale and Purchase Agreement (SPA) regarding the acquisition of the recently decommissioned T...
BHP Billiton Rejects Elliott Proposal to Demerge US Petroleum Assets
Australia >> 4/10/2017 - BHP Billiton notes the publication of a letter from Elliott Associates, L.P. and Elliott International, L.P. (Elliott), which outlines a proposal for changes to the Group’s Dual Listed Company (DLC) s...
BW Offshore Completes Acquisition of Stake in Dussafu Field
Gabon >> 4/10/2017 - BW Energy Gabon Pte. Ltd (BWEG), a subsidiary of BW Offshore, has completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary of Harvest Nat...
Hague & London Oil to Acquire Producing Assets in Dutch North Sea
Netherlands/Holland >> 4/10/2017 - Hague and London Oil PLC has agreed the conditional acquisition of significant non-operated natural gas production assets in the Dutch North Sea from Tullow Netherlands Holding Cooperatief B.A. based ...

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