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Acquisitions and Divestitures News

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...
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...
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 ...
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 ...
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. ...
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...
Chariot Awarded Kenitra Offshore Exploration Permit
Morocco >> 2/16/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has b...
Relinquishment of SEL 4/07, Offshore Ireland
Ireland >> 2/15/2017 - Lansdowne Oil & Gas plc, the independent oil and gas company focused on offshore Ireland, announces the relinquishment of SEL 4/07, with effect from December 31st 2016. ...
NZOG Sells Tui Area Interest to Tamarind
New Zealand >> 2/14/2017 - New Zealand Oil & Gas has accepted Tamarind’s offer for its 27.5 per cent interest in the Tui area oil fields off Taranaki, New Zealand. Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand...
Expiry of Farm-in Option between CLNR & Verus Petroleum
United Kingdom >> 2/13/2017 - On 10 May 2016, Cluff Natural Resources Plc (CLNR) had entered into an option with Verus Petroleum (SNS) Ltd (Verus) to acquire a 25% interest in licences P1944 (Block 14/20e) and P2156 (Block 15/11 &...
NU-Oil Completes Due Diligence on EL1070 Option Agreement
Canada >> 2/13/2017 - NU-Oil and Gas plc ((NU-Oil) is pleased to announce that further to its announcement on 21 December 2016, regarding the Option Agreement on EL1070, offshore Western Newfoundland with G2 Energy Corp. (...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt Egypt >> 2/13/2017 - Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
Oman >> 2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
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...

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