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Acquisitions and Divestitures News

Sinopec's Argentina Oil Assets in Sale Worth Up to $1 Bln
Argentina >> 10/9/2017 - Advisers to China’s Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses and labor headaches prompt Asia’s larges...
Saffron Energy to Acquire Italian Interests of Sound Energy & Po Valley
Italy >> 10/5/2017 - Saffron Energy, the AIM quoted European natural gas company with interests in Northern Italy, has entered into non-binding conditional heads of terms (the "Heads of Terms") with Sound Energy Plc (Soun...
Eros Enters into Joint Operating Agreement in Saskatchewan
Canada >> 10/5/2017 - Eros Resources Corp. (Eros) has entered into a Joint Operating Agreement (the “Agreement”) with Westcore Energy Ltd. (“Westcore” or “WTR”) and Saturn Oil + Gas Inc. (“Saturn” or “SMI”) to develop thre...
Chevron & Woodside Acquire New Exploration Acreage Offshore Western Australia
Australia >> 10/5/2017 - Chevron Australia has announced that its affiliate has successfully acquired exploration interests in three offshore blocks located in the Northern Carnarvon Basin off the Western Australia coast. ...
Petronas' Canadian Unit to Sell Oil & Gas Asset in Alberta
Canada >> 10/5/2017 - Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta. Reuters r...
ONGC Videsh Completes Acquisition of Interest in PEL 0037
Namibia >> 10/4/2017 - ONGC Videsh Limited (ONGC Videsh), a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), has completed the acquisition of 30% Participating Interest in Namibia Petroleum Explora...
Mexico Seeks Partners for Three New Pemex Oil Tie-Ups
Mexico >> 10/4/2017 - Mexico will offer the rights to partner with state oil company Pemex on three major projects on Wednesday, one in the shallow waters of the Gulf of Mexico and two more onshore, the latest step in open...
Egypt's Cheiron & DEA Deutsch Won Mexico Onshore Oil Fields
Egypt's Cheiron & DEA Deutsch Won Mexico Onshore Oil Fields Mexico >> 10/4/2017 - Petroleos Mexicanos finalized two new farmouts or partnerships, for the optimization of the development of the onshore fields of Cardenas-Mora and Ogarrio. Thus, the company continues to implement its...
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan Egypt >> 10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of ...
Petrobras Starts the Binding Phase of Sale of Maromba Field
Brazil >> 10/3/2017 - Petrobras and Chevron Brasil Petroleo Ltda., further to the Material Fact disclosed on July 6, 2017, inform the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the ...
Diversified Gas & Oil Transfers Remaining Titan Assets
United States >> 10/2/2017 - Diversified Gas & Oil PLC, the Appalachian focussed gas and oil producer, announced on 16 June 2017 the proposed acquisition of certain gas and oil assets from Titan Energy LLC (the "Titan Assets") fo...
Karoon Wins Santos Basin Block in Brazil Bid Round 14
Brazil >> 9/28/2017 - Karoon Gas Australia Ltd has successfully bid for a prospective 171 square km offshore block in the Santos Basin in the state of Santa Catarina, Brazil, just south of Rio de Janeiro with a water depth...
DONG Receives Approvals for the Divestment of its Upstream O&G Business
Norway >> 9/28/2017 - On 24 May 2017, DONG Energy announced the agreement to divest the entire share capital of DONG E&P A/S to INEOS, including that closing of the transaction was subject to certain regulatory approvals. ...
Origin to Sell Lattice Energy to Beach for $1,585 Million
New Zealand >> 9/28/2017 - Origin Energy Limited (Origin) has entered into an agreement to sell its conventional upstream oil and gas business, Lattice Energy, to Beach Energy (Beach) for $1,585 million. As part of the sale, Or...
Bowleven Extends Bomono Farm-out
Cameroon >> 9/28/2017 - On 6 March 2017 Bowleven plc, the Africa focused oil and gas exploration group, announced that the Company and Victoria Oil & Gas Plc (VOG), an integrated energy company with operations in Cameroon, h...
Murphy Oil Announces Strategic Entry Into Deep Water Brazil
Brazil >> 9/27/2017 - Murphy Oil Corporation (MUR) announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda. (Murphy), has entered into a farm-in agreement with Queir...
Petrobras Acquired Seven Blocks in Bid Round 14
Brazil >> 9/27/2017 - Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of whi...
Exxonmobil Continues to Increase Acreage Position in Permian Basin
United States >> 9/27/2017 - Exxon Mobil Corporation has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of th...
Brazil’s Round 14 Had the Largest Signature Bonus in History
Brazil >> 9/27/2017 - The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sect...
ExxonMobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Brazil >> 9/27/2017 - Exxon Mobil Corp vastly expanded its presence in Brazil, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a re...

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