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Acquisitions and Divestitures News

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...
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...
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...
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...
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 ...
YPF Among Bidders for Shell's Argentina Refinery
Argentina >> 4/10/2017 - Argentina’s state-run oil company YPF SA is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina, according to two people familiar with the process. ...
Petronas Pitches $1B Offshore Gas Project Stake to Oil Firms
Malaysia >> 4/10/2017 - Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp, Thailand's PTT Exploration and ...
Simba Energy Executes Agreement with Nocal for NR-002
Liberia >> 4/10/2017 - Simba Energy Inc. (Simba) has executed an agreement with the National Oil Company of Liberia (NOCAL) for the issuance of a new Hydrocarbon Reconnaissance License NR-002 that includes Simba’s existing ...
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 ...
Oman Block 44 Acquisition by ARA Completed
Oman >> 4/8/2017 - ARA Petroleum, a new entrant to Oman’s burgeoning upstream Exploration & Production (E&P) industry, has confirmed that its acquisition of the 100 per cent interest of PTTEP Oman Company Limited in Blo...
Parkmead Increases its Stake in Highly Prospective West of Shetland Area
United Kingdom >> 4/4/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Se...
FAR Awarded Additional Equity in Guinea-Bissau Licences
Guinea Bissau >> 4/4/2017 - Negotiations have concluded with the National oil company of Guinea-Bissau, Petroguin, to revise the terms of both the Sinapa and Esperanca Licences to which FAR Limited has interests. Under the revis...
EnerMech Extends Total E&P Contract
United Kingdom >> 4/4/2017 - EnerMech has secured a new three-year contract, with two one-year options, for North Sea crane operation and maintenance on behalf of Total E&P UK Ltd. The previous five-year contract for the provisio...
Sterling Agrees Revised Terms with Petrosoma for Odewayne PSA Farm-in
Somalia >> 4/3/2017 - Sterling Energy Plc (Sterling), the AIM listed oil and gas exploration and production company, has agreed with Petrosoma Limited (Petrosoma) to revised terms of the Farmout Agreement between Sterling ...
BP to Sell Forties Pipeline System to INEOS for $250 Million
United Kingdom >> 4/3/2017 - BP has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS...
Cobalt Threatens Arbitration over Angolan Oil Assets
Angola >> 4/3/2017 - U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell t...
Triangle & Royal Acquire ROC Oil's Interest in Cliff Head Field
Australia >> 3/31/2017 - Triangle Energy (Global) Limited (Triangle) is pleased to announce the execution of a Share Purchase Agreement (SPA) with ROC Oil Company Limited (ROC) for the purchase of its 42.5% Participating Inte...
Hyperdynamics Executes Farmout Agreement with SAPETRO
Guinea >> 3/31/2017 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) executed a Farmout Agreement (FOA). Under the terms of the FOA,...

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