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Acquisitions and Divestitures News

IOG Awarded Block 48/25a in UKCS 2016 Licensing Round
United Kingdom >> 7/14/2017 - Independent Oil and Gas plc (IOG), the North Sea development and production focused Oil and Gas Company, has been awarded a new licence by the UK Oil and Gas Authority (OGA) in the 2016 Supplementary ...
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
Canada >> 7/13/2017 - Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
Krewe Energy Acquires Timbalier Bay Field
United States >> 7/12/2017 - Krewe Energy, LLC, (Krewe Energy), a privately held oil and gas exploration and production company based in Covington, Louisiana, recently completed the acquisition of the Timbalier Bay Field located ...
Statoil Strengthens Position in Brazilian Licence BM-S-8
Brazil >> 7/12/2017 - Statoil ASA and Queiroz Galvao Exploraçao e Produçao (“QGEP”) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. The additional 10% equ...
Rosneft Wins the Auction for Erginskoye License Area
Russia >> 7/12/2017 - Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price...
Cobalt International Enters into Agreement to Expand Anchor Unit
United States >> 7/12/2017 - Cobalt International Energy, Inc. (Cobalt) has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the curr...
Jadestone Energy Transfers Stag Oil Field Operatorship
Australia >> 7/10/2017 - Jadestone Energy Inc. (JSE) is pleased to announce that operatorship of the Stag Oilfield (block WA-15-L) has successfully transferred to Jadestone Energy (Australia) Pty Ltd, a wholly owned subsidiar...
Mexico's Pemex Expects Active Farm-out Season in 2018
Mexico >> 7/10/2017 - Mexico's Pemex anticipates a very active "farm-out" season next year that would allow the state-run oil company to gain capital for major offshore and onshore projects, Chief Executive Jose Antonio Go...
Egdon Acquires Producing Fiskerton Airfield Field
United Kingdom >> 7/10/2017 - Egdon Resources plc is pleased to announce the acquisition of the producing Fiskerton Airfield oil field in Lincolnshire licence EXL294. Egdon Resources plc will acquire a 100% interest in, and operat...
North Energy to Sell its 40% Working Interest in PL 805
Norway >> 7/7/2017 - North Energy ASA's (North Energy) subsidiary North E&P AS (North E&P) has signed an agreement with Lundin Norway AS (Lundin Norway) whereby North E&P will sell its 40% working interest in production l...
NZOG Acquires Mitsui's Stake in Kupe Field
New Zealand >> 7/6/2017 - A sale and purchase agreement has been signed by New Zealand Oil & Gas and Mitsui E&P Australia for Mitsui's 4 per cent interest in the Kupe gas and light oil field. The transaction was announced in M...
Sale of Rights to Maromba Field in Campos Basin
Brazil >> 7/6/2017 - Petrobras informs that it has initiated the disclosure phase of the Teaser for the full sale of its stake in the Maromba Field, in the Campos Basin. ...
Gambia Approves Farm-out Deal between Erin Energy & FAR
Gambia >> 7/5/2017 - Erin Energy Corporation (Erin Energy) announced that the Government of the Republic of The Gambia has approved the farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil ...
Truth about Ending Talks with African Petroleum for Blocks A1 & A4
Gambia >> 7/4/2017 - The Board of African Petroleum notes the article published on Reuters today regarding its A1 and A4 licences in The Gambia (the Licences). The Board of African Petroleum maintains that the comments as...
VOG Updates Logbaba Participation Agreement & Bomono Project
Cameroon >> 7/4/2017 - Victoria Oil & Gas is pleased to announce that Societe Nationale des Hydrocarbures (SNH), RSM Production Company (RSM) and Gaz du Cameroun S.A. (GDC) have agreed and signed a Participation Agreement t...
ONGC Videsh Acquires Interest from Tullow in PEL 37
Namibia >> 7/3/2017 - ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Na...
Premier Oil to Acquire Additional Wytch Farm Interests
United Kingdom >> 7/3/2017 - Premier has signed a sale and purchase agreement to acquire a further 3.75% interest in Licences PL089 and P534, which contain the Wytch Farm field, from Maersk Oil North Sea UK Ltd for a cash conside...
Otto Energy Farms in to South Timbalier 244 Lease
United States >> 7/3/2017 - Otto Energy Limited (Otto) has farmed into the South Timbalier 224 (ST 224) lease in the Gulf of Mexico shelf, for a 25% working interest. ST 224 contains a large, amplitude supported, high CGR, gas c...
Diversified Gas & Oil Completes Acquisition of Gas & Oil Assets of Titan Energy
United States >> 6/30/2017 - Diversified Gas & Oil PLC, the US based gas and oil producer, has completed the acquisition of $72.8 million of assets from the total $84.2 million of assets that comprise the Acquisition of certain g...
Subsea 7 Acquires Certain Businesses of EMAS Chiyoda Subsea
United States >> 6/29/2017 - Subsea 7 S.A. announced the acquisition of certain businesses of EMAS Chiyoda Subsea (ECS). The acquisition, under a US bankruptcy code Chapter 11 Plan of Reorganisation, was confirmed by the U.S. Ban...

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