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Acquisitions and Divestitures News

Repsol Farms in to Energean’s Loannina & Aitoloakarnania Blocks
Greece >> 3/31/2017 - Energean Oil & Gas (Energean) has agreed to farm out a 60% interest in its Ioannina and Aitoloakarnania blocks, onshore Western Greece, to Repsol. Repsol will also become the Operator for both blocks....
FAR Signs Strategic AMI with CNOOC Offshore Senegal & Gambia
Senegal >> 3/31/2017 - FAR has signed an Area of Mutual Interest (AMI) agreement with CNOOC UK Limited (CNOOC UK). The AMI covers selected licences offshore Senegal and The Gambia within the designated area. The AMI provide...
Africa Energy to Acquire Interest in PEL 37 from Pancontinental
Namibia >> 3/30/2017 - Africa Energy Corp. (Africa Energy) has terminated the farmout agreement (the "Farmout Agreement") entered into on November 29, 2016 with a subsidiary of Pancontinental Oil & Gas N.L. (Pancontinental)...
Argentina's YPF & Total & Partners to Invest $500M in Vaca Muerta
Argentina >> 3/30/2017 - Argentina's state-run oil company YPF SA will make a joint $500 million shale gas investment with Pan American Energy LLC, Total Austral SA and Wintershall Energia SA in the Vaca Muerta formation, acc...
Petrobras Withdrew the Sale of Bauna and Tartaruga Verde
Brazil >> 3/30/2017 - Petrobras has now notified Karoon that the process relating to the sale of Bauna and Tartaruga Verde has been withdrawn.    ...
ConocoPhillips Sells Oil Sands & Gas Assets to Cenovus in $17.7B Deal
Canada >> 3/29/2017 - ConocoPhillips (COP) has signed a definitive agreement with Cenovus (CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the ma...
Acquiring ExxonMobil’s Operated Upstream Business in Norway
Norway >> 3/29/2017 - HitecVision and its majority owned portfolio company Point Resources are pleased to announce the signing of an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Ex...
Impact Oil & Gas Farms Out Interest in AGC Profond PSC to CNOOC
Senegal >> 3/29/2017 - Impact Oil and Gas Ltd, the African-focused pure exploration company, is pleased to announce that its subsidiary, Impact Oil & Gas AGC Ltd (Impact), has reached an agreement with CNOOC UK Limited (CNO...
3D Oil Seeking Partner for Recently Awarded Permit WA-527-P
Australia >> 3/29/2017 - 3D Oil Limited has been awarded a new exploration permit, WA-527-P in the Roebuck Basin of Western Australia, bid on in the December 2016 Australian Offshore Gazettal round. W-16-8 covers an area of 6...
Erin Enters into a Farm-Out Deal with FAR for Gambia Blocks
Gambia >> 3/27/2017 - Erin Energy Corporation (Erin Energy or the Company) has entered into a definitive farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil and gas company, whereby FAR wil...
Azinor Catalyst Offers Two Licences in UKCS 29th Licensing Round
United Kingdom >> 3/24/2017 - Azinor Catalyst (Catalyst), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (UKCS), has been awarded two operated licences, comprising 10 blocks, on the U...
Marubeni to Participate in Gas-Fired Power Plant in Jamaica
Jamaica >> 3/24/2017 - Marubeni Corporation (Marubeni) is pleased to announce its participation in the Old Harbour gas-fired power station (Old Harbour Project) in Jamaica through its 40% interest in the Jamaica Public Serv...
Shell Divests Gabon Onshore Interests for $587 Million
Gabon >> 3/24/2017 - Royal Dutch Shell plc (Shell), through its affiliates, has reached an agreement with Assala Energy Holdings Ltd. a portfolio company of The Carlyle Group, to sell 100 percent of its Gabon onshore inte...
Steam Oil Offers four Blocks in 29th UKCS Seaward Licensing Round
United Kingdom >> 3/23/2017 - On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot f...
Pengrowth to Sell Bernadet Montney Lands for $92 Million
Canada >> 3/23/2017 - Pengrowth Energy Corporation has entered into an agreement for the sale of its non-producing Montney lands at Bernadet in North East British Columbia for cash consideration of $92 million. ...
Statoil Awarded New UK Exploration Licences
United Kingdom >> 3/23/2017 - Statoil was awarded six UK licenses, five as operator and one as partner, in the 29th Offshore Licensing Round, announced by the Oil and Gas Authority (OGA) today. ...
Statoil Awards 13 Leases in US Gulf of Mexico
United States >> 3/23/2017 - Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale. Statoil successfully bid on 13 leases in the US Department of the Int...
Gastar Exploration Acquires STACK Leasehold
United States >> 3/22/2017 - Gastar Exploration Inc. (Gastar) has completed the acquisition of additional working and net revenue interests in approximately 66 gross (9.5 net) producing wells and 5,670 net acres of additional STA...
Successful GoM Lease Sale 247 Yields $275 Million in High Bids
United States >> 3/22/2017 - U.S. Secretary of the Interior Ryan Zinke announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Ce...
Eni Awarded Two New Blocks Offshore Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 3/22/2017 - Eni has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two blocks are located approximately 50 km from the country’s coastline. ...

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