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Acquisitions and Divestitures News

Selection of Partners for the Ayin and Batsil Fields
Mexico >> 3/7/2017 - The approval of the bidding process for the selection of a partner for the exploration and extraction of the Ayin and Batsil fields in the coastline of Tabasco, it strengthens the Petroleos Mexicanos ...
Union Jack Acquires Additional Interest in Wressle-1 Discovery
United Kingdom >> 3/6/2017 - Union Jack Oil plc (Union Jack), an onshore oil and gas production and exploration company with a focus on production, exploration, development and investment in the United Kingdom hydrocarbon sector,...
Mexico to Launch Two Annual Oil Auctions Beginning in 2018
Mexico >> 3/2/2017 - Mexico's oil regulator will organize two annual oil auctions beginning in 2018, officials said, in a bid to further boost the number of private and foreign producers operating in the country. ...
New Zealand Oil & Gas Provides Half-Year Results
New Zealand >> 3/1/2017 - The last eight months have been a time of transformation for New Zealand Oil & Gas as the Company successfully sold its two major producing assets. Half-year accounts released today do not include the...
IOG Provides Update on Acquisition of SNS Pipeline
United Kingdom >> 3/1/2017 - Independent Oil and Gas plc (IOG), the development and production focused oil and gas company, is pleased to provide an update on the proposed pipeline acquisition as announced on 16 January 2017. Sub...
Total & Petrobras Signed Definitive Contracts
Total & Petrobras Signed Definitive Contracts Brazil >> 3/1/2017 - Petrobras and Total inform that they have signed definitive contracts in relation to the package of assets contemplated in the Strategic Alliance, as defined in the 21st of December,2016 Agreement. ...
Petronas, Aramco Sign SPA for Equity Participation on RAPID Refinery
Malaysia >> 2/28/2017 - The Saudi Arabian Oil Company (Saudi Aramco) and Petroliam Nasional Berhad (PETRONAS) signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petr...
Australis to Acquire Encana US Shale Assets for US$80 Million
United States >> 2/28/2017 - Australis Oil & Gas Limited (Australis) through its indirect wholly-owned American subsidiary, Australis TMS Inc., has entered into a Purchase & Sale Agreement (PSA) with Encana Oil & Gas (USA) Inc. (...
Equatorial Guinea Extends Bidding Period for EG Ronda 2016 Round
Equatorial Guinea >> 2/27/2017 - The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. Responding to a wave of new exploration interest, ...
Total Sells Interests in Mature Fields to Perenco
Gabon >> 2/27/2017 - Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities.This agree...
Husky Energy Weighs Sale of Some Canada Assets
Canada >> 2/25/2017 - Canadian oil and gas producer Husky Energy Inc is mulling paring down its stakes in some of its Eastern Canadian offshore assets, in a move that could fetch several billion dollars, people familiar wi...
BOEM Publishes Proposed Notice of Sale for Potential Cook Inlet Lease Sale
United States >> 2/24/2017 - The Bureau of Ocean Energy Management (BOEM) plans to offer approximately 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a proposed lease sale this year. Cook Inlet Oil & Gas Leas...
Kosmos Energy Completes Transaction with BP in Senegal
Senegal >> 2/23/2017 - Kosmos Energy has received government approval and completed its previously announced transaction with BP in Senegal. Under the terms of the deal, BP acquired a 49.99 percent interest in Kosmos BP Sen...
Nostra Terra Announces Second Permian Basin Acquisition
United States >> 2/23/2017 - Nostra Terra (NTOG) is pleased to announce the acquisition of producing assets in the Permian Basin, Texas, along with the receipt of US$100,000 in connection with the previously announced sale of its...
Panoro Enters into Definitive Sale & Purchase Agreement on Dussafu
Gabon >> 2/22/2017 - Panoro Energy ASA (Panoro) is pleased to announce that on 21 February 2017 its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (PPGBV), has entered into a definitive Sale and Purchase Agreement (the ...
Petronas Considers $1 Billion Stake Sale in Offshore Gas Project
Malaysia >> 2/20/2017 - Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs...
Abu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mln
United Arab Emirates >> 2/20/2017 - Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...
Sound Provides Update on Proposed Acquisition
Morocco >> 2/20/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce, further to the Company's announcement of 19 January 2017, that it has entered into binding agreements with ...
Zenith Sales Its Argentina Operations
Argentina >> 2/20/2017 - Zenith Energy Ltd. (ZEE) the dual listed international oil & gas production company is pleased to announce the sale of its operations in Argentina to a group of local energy investors. ...
ADNOC Awards CNPC Stake in ADCO Onshore Concession
United Arab Emirates >> 2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...

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