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Acquisitions and Divestitures News

European Commission Approves Shell's $3.8b North Sea Sale
United Kingdom >> 6/16/2017 - The European Commission approved Royal Dutch Shell's $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. "The Commission concluded that the proposed acquisition would ...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat Egypt >> 6/15/2017 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc ("Echo") to a...
Receiving Approval for Assignment of Maersk's Interest
United Kingdom >> 6/15/2017 - RockRose Energy PLC is pleased to announce that the OGA has confirmed to RockRose that Maersk Oil North Sea UK Ltd (Maersk) will receive consent from the OGA for the assignment of their interest in li...
Uganda to Finalise Oil Exploration Deal with Oranto Petroleum
Uganda >> 6/14/2017 - Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said. The firm, Oranto Petroleum Internatio...
Iran to Sign New Oil Contracts by Year End
Iran >> 6/14/2017 - Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field de...
Tap Oil Sells Interest in Northern Carnarvon Basin Permit WA-8-L
Australia >> 6/14/2017 - As part of its strategy to realise value from its non core asset portfolio, Tap Oil Limited has entered into a sale and purchase agreement with a private E&P company for the sale of its 20% interest i...
Wentworth Starts Farmout Process for Tembo-1 Appraisal Asset
Mozambique >> 6/13/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
President Energy Appoints Advisors for Paraguay Farm-outs
Paraguay >> 6/12/2017 - President Energy (PPC), the upstream oil and gas company is pleased to announce that it has appointed the specialist global oil and gas adviser ENVOI to support the prospective farm-outs of its Paragu...
Egdon Resources Acquires Interest in PEDL278
United Kingdom >> 6/12/2017 - Egdon Resources plc is pleased to announce completion of the acquisition of an interest in a licence in the Company's East Midlands core area. ...
NOVATEK Obtains Gydanskiy Subsoil Licence at the Gydan Peninsula
Russia >> 6/11/2017 - NOVATEK has announced that its subsidiary 'Arctic LNG-1' has won the bid for a geological survey, exploration and hydrocarbons production licence for the Gydanskiy subsoil area for a term of 27 years....
Encana to Sell its Piceance Natural Gas Assets for $735 Million
United States >> 6/9/2017 - Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado,...
Centrica Agrees the Sale of its Canadian E&P Business
Canada >> 6/9/2017 - The CQ Energy Canada Partnership, the Canadian E&P joint venture in which Centrica owns a 60% interest, is to be sold to a consortium comprising MIE Holdings Corp, The Can-China Global Resource Fund a...
LEKOIL Receives Ministerial Consent for OPL310 Farm-in
Nigeria >> 6/9/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted c...
GeoPartners & Petroguin to Accelerate Development Offshore Guinea Bissau
Guinea Bissau >> 6/8/2017 - Bissau Exploration Company, a wholly owned subsidiary of UK based GeoPartners, has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e...
Pemex Speeds Up Its Association Strategy to Increase Crude Oil Output
Mexico >> 6/8/2017 - Pemex will accelerate the establishment of farm-out arrangements and strategic associations across its business lines in order to increase production of both crude and petroliferous protects, and to b...
Savannah Petroleum to Acquire West African Focused Business
Niger >> 6/8/2017 - Savannah Petroleum PLC (Savannah) has entered into a binding exclusivity agreement with a West African focused business (the “Target”) in relation to the potential acquisition of substantially all of ...
Northern Petroleum Acquires Gas Assets Onshore Italy
Italy >> 6/8/2017 - Northern Petroleum, the AIM quoted oil and gas company focusing on production led growth, announces the acquisition of onshore production and development gas assets (the "Acqusition Assets") in Italy ...
Gazprom Neft Acquires Subsoil Usage License for the Parabelsky Block
Russia >> 6/8/2017 - Gazprom Neft subsidiary Gazpromneft-Vostok has acquired the subsoil usage licence for the Parabelsky block, located in the Tomsk Oblast. The licence, for geological prospecting at the block, was award...
Providence Signs Exclusive Option with Total for Farm-into FEL 2/14
Ireland >> 6/7/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, has entered into an Exclusive Option (the “Option”) with TOTAL E&P IRELAND B.V. (TOTAL), a wholly owned subsidiary of TOTA...
Providence Signs Farm-In Agreements Regarding LO 16/27
Ireland >> 6/7/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on Licensing Option (LO) 16/27, which lies in c. 1,300 metre water depth in the southern Porc...

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