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Acquisitions and Divestitures News

DEA Strengthens its Position in the Njord Area
Norway >> 12/23/2016 - DEA strengthens the company’s position in Norway by acquiring participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from...
Norwest Energy Agrees Extension to TP/15 Xanadu Prospect Farmout
Australia >> 12/23/2016 - Norwest Energy would like to update its shareholders on the progress of the farmout of the drilling of Xanadu-1 located within TP/15, a block currently 100% owned by Norwest Energy (Norwest) via subsi...
Harvest Natural Resources to Sell Interests in Gabon
Gabon >> 12/22/2016 - Harvest Natural Resource, Inc. (HNR) and its wholly owned subsidiary, HNR Energia B.V., have entered into a Sale and Purchase Agreement with BW Energy Gabon Pte. Ltd, a private Singapore company, to s...
Eni Awarded Two out of 3 Exploration Blocks Offshore Cyprus
Cyprus >> 12/22/2016 - Eni has been awarded two exploration blocks offshore Cyprus, following the competitive international bid round "3rd Licensing Round". The announcement was made yesterday by the Ministry of Energy, Com...
Eni's Acquisition of OPL 245 Given Legal Clearance
Nigeria >> 12/22/2016 - Eni takes note of the closure of the investigation and reaffirms the propriety of the transaction related to the acquisition of the OPL 245 operating license. Eni and Shell concluded the transaction w...
RockRose Energy Completes Deal to Acquire Maersk Assets
United Kingdom >> 12/22/2016 - RockRose Energy plc (RockRose) has now signed an agreement with Maersk Oil North Sea UK Ltd (Maersk) to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) ...
Anadarko to Sell Marcellus Shale Assets for $1.24 Billion
Anadarko to Sell Marcellus Shale Assets for $1.24 Billion United States >> 12/21/2016 - Anadarko Petroleum Corporation has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Dev...
Total & Petrobras Signed an Assets Package Agreement
Total & Petrobras Signed an Assets Package Agreement Brazil >> 12/21/2016 - Total and Petrobras signed an Assets Package Agreement in the framework of their Strategic Alliance announced in October 2016. This agreement reinforces the joint partnership and cooperation between t...
Council of Ministers’ Decision on Selected Applicants for Negotiations
Cyprus >> 12/21/2016 - Within the framework of the 3rd Licensing Round for offshore Hydrocarbons Exploration in Blocks 6, 8 and 10 in the Exclusive Economic Zone of Cyprus, the Council of Ministers, at its meeting having co...
NU-Oil Enters into Option Agreement Covering 'Deep Rights' on EL1070
Canada >> 12/21/2016 - NU-Oil and Gas has entered into an Option Agreement with G2 Energy Corp. (G2 Energy), (together, the "Parties"), under which G2 Energy will have an exclusive option to earn 100% of the Company's worki...
Santos Sells Mereenie Oil & Gas Field Interest to Macquarie
Australia >> 12/20/2016 - Central Petroleum Limited has been advised by Santos that Santos has agreed to sell its 50% interest in the Mereenie oil and gas field (including the Mereenie to Alice Springs Pipeline) to Macquarie M...
Colombia Asset Acquisition
Colombia >> 12/20/2016 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on corporate activities in Colombia. ...
Vermilion Energy Closes Acquisition of Producing Properties in Germany
Germany >> 12/19/2016 - Vermilion Energy has completed the previously announced acquisition of interests in production and exploration assets in Germany from Engie E&P Deutschland, for total consideration of €33 million ($46...
BP & Kosmos to Partner on World-Class Discoveries in Mauritania & Senegal
Mauritania >> 12/19/2016 - BP has signed agreements with Kosmos Energy to acquire a 62% working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos’ Se...
Noreco Transfers Interest in Huntington Licence to Premier Oil
United Kingdom >> 12/19/2016 - Norwegian Energy Company ASA (Noreco) announces that its fully owned subsidiary Noreco Oil UK Limited has entered into an agreement to transfer its 20% participating interest in the Huntington license...
Mubadala to Hold Abu Dhabi's 2% Stake in BP
United Arab Emirates >> 12/19/2016 - The 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co, its spokesman was quot...
China's CEFC in Talks for Stake at Abu Dhabi Oil Concessions
United Arab Emirates >> 12/19/2016 - Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discuss...
BP Awarded 10% Interest in ADCO Onshore Concession
United Arab Emirates >> 12/17/2016 - BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil conce...
Gazprom CEO Says Company May Swap Assets With Mitsui/Mitsubishi
Russia >> 12/16/2016 - Gazprom Chief Executive Alexey Miller said on Friday that strategic co-operation agreements with Japanese trading house Mitsui & Co and Mitsubishi Corp may involve asset swaps.
Akastor Completes Sale of Fjords Processing to National Oilwell Varco
Norway >> 12/16/2016 - Reference is made to the stock exchange release dated October 27, 2016 regarding Akastor's agreement to sell Fjords Processing to National Oilwell Varco. All closing conditions have been fulfilled. ...

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