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Acquisitions and Divestitures News

Sequa Petroleum Plans to Cease its Activities in Norway
Norway >> 2/9/2017 - Sequa Petroleum N.V. (Sequa) announces that following a strategic review it plans to cease its E&P activity in Norway conducted through Tellus Petroleum AS, and focus on acquiring assets elsewhere in ...
EQT to Acquire 53,400 Core Marcellus Acres for $527 Million
United States >> 2/9/2017 - EQT Corporation announced that EQT, through its subsidiary EQT Production Company, has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acre...
Zambia Cancels Five Oil Exploration Licences
Zambia >> 2/9/2017 - Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms. ...
BW Offshore Farms into Kudu Field, Offshore Namibia
Namibia >> 2/7/2017 - BW Kudu Limited (a wholly owned subsidiary of BW Offshore) has entered into a Farm-Out Agreement for a 56% stake of the Kudu license offshore Namibia. National Petroleum Corporation of Namibia (NAMCOR...
MOL Wins Six New Licences in Hungary's 4th Licensing Round
Hungary >> 2/7/2017 - MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the count...
Europa Oil & Gas Farms out Holmwood Prospect in Weald Basin
United Kingdom >> 2/6/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce that its wholly owned subsidiary has signed a Farm-Out Agreement (FOA) ...
Gran Tierra Energy Inc. Announces Sale of Brazil Business
Brazil >> 2/6/2017 - Gran Tierra Energy Inc., a company focused on oil and gas exploration and production in Colombia, is pleased to announce that a purchase and sale agreement was executed pursuant to which Maha Energy A...
Duqm Refinery’s Shareholder Agreement to be Signed Soon
Oman >> 1/31/2017 - A shareholder agreement between Oman Oil Company and Kuwait Petroleum International for building Duqm refinery will be finalised soon. ...
Maersk to Sale of Brazil Oil and Gas Assets
Brazil >> 1/31/2017 - A.P. Moller-Maersk is considering selling its oil and gas business in Brazil as the shipping giant's energy group narrows operations in a restructuring, its chief executive said. ...
NU-Oil & PVF Concluded Production Sharing Agreement
Canada >> 1/31/2017 - NU-Oil, the independent Oil and Gas Company, is pleased to announce that it has concluded an Agreement with PVF over onshore petroleum lease PL2002-01(A) in western Newfoundland, Canada. ...
TAG Oil Expands Oil & Gas Operations into Australia
Australia >> 1/31/2017 - International oil and gas production company TAG Oil Ltd. is pleased to announce that the Company’s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (Cypress), has closed the purchase of...
Iraq Seeks Foreign Partner for Second Gas Plant
Iraq >> 1/31/2017 - Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields, state-run South Gas Company said. ...
Petrogas Acquires Interest in 6 Wells in OK and TX
United States >> 1/30/2017 - Petrogas Company, Inc. (Petrogas Company), has acquired a fractional interest in 6 producing oil and gas wells located in Carter and LeFlore County, Oklahoma & Brazos and Fayette County, Texas. The we...
Egdon Resources Completes Acquisition of Interest in PEDL201
United Kingdom >> 1/30/2017 - Further to the announcement made on 16 November 2016, Egdon Resources plc has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.

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OMV Buys Occidental Stake in Libya's Nafoura Oil Field
Libya >> 1/27/2017 - Austria's OMV has agreed to buy a 7 percent stake in Libya's Nafoura oil field from U.S. company Occidental Petroleum Corp, increasing its share in the field. ...
EnQuest Acquires Operated Stake in Magnus Field from BP
United Kingdom >> 1/24/2017 - EnQuest PLC (together with its subsidiaries, "EnQuest"), is pleased to announce an agreement to acquire from BP an initial 25% interest in the Magnus oil field (Magnus) representing c.15.9 MMboe of ad...
Halcon Resources to Enter into the Delaware Basin
United States >> 1/24/2017 - Halc?n Resources Corporation (Halcon), has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin (the "Pecos County Assets") for...
Targa Resources Acquires Delaware & Midland Basin Assets
United States >> 1/23/2017 - Targa Resources Corp. (Targa) has executed definitive agreements for its subsidiary, Targa Resources Partners LP, to acquire 100% of the membership interests of Outrigger Delaware Operating, LLC, Outr...
New Auction for Peru South Gas Pipeline Project
Peru >> 1/23/2017 - The government of Peru said that it will not compensate an Odebrecht-led consortium for investments made in a $5 billion natural gas pipeline project after it rescinds the contract over a missed finan...
Shell to Sell Stake in Sadaf Chemicals Joint Venture in Saudi Arabia to Sabic
Saudi Arabia >> 1/22/2017 - Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. ...

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