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Acquisitions and Divestitures News

Buru Energy Announces Canning Basin Asset Swap with Mitsubishi
Australia >> 5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (Canning) (DRC) which are both wholly owned subsidia...
Trilogy Energy Sells Duvernay Assets for $60 Million
Canada >> 5/25/2017 - Trilogy Energy Corp. (Trilogy) has entered into an agreement to sell certain Duvernay assets in the Kaybob area of Alberta and provide an update on its previously announced asset sale in the Grande Pr...
Namcor Takes Up 10% Stake in New Kudu Basin Licenses
Namibia >> 5/25/2017 - The Ministry of Mines and Energy has issued two new exploration licenses to another Brazilian company, Galp Energia, to continue where HRT left off in the Kudu Gas basin. Galp this week singed a joint...
INEOS to Buy DONG Energy's Upstream Oil & Gas Business
United Kingdom >> 5/24/2017 - In acquiring the DONG Oil & Gas business, the deal positions INEOS as a Top 10 company and the biggest private enterprise operating in the North Sea. The business being acquired has a strong portfolio...
Gulfsands Provides Update for Its Putumayo - 14 Contract
Colombia >> 5/24/2017 - Gulfsands Petroleum plc (GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to provide the following update regarding its Putumayo-14 Contract in Colombi...
AziPac Signs Agreement to Take 100% working Interest in the Bone License
Indonesia >> 5/23/2017 - AziPac, the Seacrest Capital Group-backed E&P company focused on South East Asia, has announced that Azimuth Indonesia, a wholly owned subsidiary of AziPac, has signed an agreement with Mitra Energy, ...
Mosman Oil and Gas Acquires Arkoma Stacked Pay
United States >> 5/23/2017 - Mosman Oil and Gas Limited, the oil exploration, development and production company, announces its wholly owned US subsidiary Mosman Texas LLC has executed a contract to acquire a 10% interest in the ...
Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Malaysia >> 5/22/2017 - Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas(LNG) production facility at Petronas' LNG comp...
FrontRow Acquires ClearWELL Oilfield Solutions
United States >> 5/22/2017 - FrontRow Energy Technology Group Limited has announced the acquisition of ClearWELL Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimisation. Fron...
Sale of Jurua Field in Solimoes Basin
Brazil >> 5/22/2017 - Petroleo Brasileiro S.A, Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras’ stake in the Jurua Field, in the Solimoes Basin. ...
Africa Oil Updates Kenya Farmout Transaction with Maersk
Kenya >> 5/22/2017 - Africa Oil Corp. (Africa Oil, AOC) is pleased to report that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk) (press release 4th February 20...
Oman Oil Co to Divest Stake in Fuel Giant CLH
Oman >> 5/20/2017 - An international investment fund says it has agreed a deal to acquire state-owned energy investment firm Oman Oil Company’s 10 per cent stake in Compania Logistica de Hidrocarburos (CLH), which owns a...
BOEM Publishes Final Notice of Sale for June Cook Inlet Lease Sale
United Kingdom >> 5/18/2017 - The Bureau of Ocean Energy Management (BOEM) will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will...
Shell Seeking $500m in Sale of Tunisian Gas Assets
Tunisia >> 5/18/2017 - Royal Dutch Shell is seeking to sell its gas fields in Tunisia for some $500 million, sources said, as the Anglo-Dutch company pushes forward with its vast disposal program. ...
Chisholm Energy Holdings Acquires New Mexico Delaware Basin
United States >> 5/16/2017 - Chisholm Energy Holdings, LLC (Chisholm), a start-up oil and gas company, has closed on the acquisition of its first asset, located in the New Mexico region of the Delaware Basin. The asset, located i...
Sale of Azulao Field in Amazonas Basin
Brazil >> 5/15/2017 - Petroleo Brasileiro S.A. – Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras’ stake in the Azulao Field, in the Amazonas Basin. ...
Atlantic Petroleum Completes Sale of Orlando Field Interest
United Kingdom >> 5/15/2017 - Atlantic Petroleum announces that further to Announcement no. 4 issued 14th March 2017, it has completed the Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando develo...
Gazprom Neft Acquires License to Develop the Novosamarskoye Field
Russia >> 5/12/2017 - Gazprom Neft has acquired a subsoil usage licence for the Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subs...
Gazprom Neft Acquires License to Develop the Novosamarskoye Field
Russia >> 5/12/2017 - Gazprom Neft has acquired a subsoil usage licence for the Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subs...
Total Awarded Exploration Block Offshore Mauritania
Mauritania >> 5/12/2017 - Total and Mauritania have signed an exploration and production contract to perform acq works on Block C7, which covers an area of 7,300 square kilometers. The Group will be the operator with a 90% int...

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