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Acquisitions and Divestitures News

Po Valley Advances Funding for Key Northern Gas Field
Australia >> 5/8/2017 - Australian gas producer Po Valley Energy has reached a conditional agreement for United Oil & Gas to earn a 20% stake through a 2 for 1 farm in to Po Valley’s Podere Gallina licence, which contains th...
Origin Increases Interest in Prospective Beetaloo Joint Venture to 70%
Australia >> 5/5/2017 - Origin Energy has increased to 70 per cent its share in the Beetaloo Joint Venture after acquiring Sasol Petroleum Australia’s 35 per cent share. ...
Angus Energy Increases Interest in Lidsey Oil Field
United Kingdom >> 5/4/2017 - Angus Energy plc (the "Group") has notified Terrain Energy Ltd. (Terrain) that it is exercising the Group's option to acquire a further 10% interest in the Lidsey Oil Field (PL 241, "the License"). Th...
African Petroleum Comments on Rufisque Profond Block Award to Total
Senegal >> 5/3/2017 - African Petroleum notes the press release by Total on 2 May 2017 where it states that it has entered into an agreement with the Republic of Senegal that “…involves an exploration and production sharin...
Gazprom Neft Acquires Licenses to Develop Two Fields in The Yamalo-Nenets Autonomous Okrug
Russia >> 5/2/2017 - Gazprom Neft has acquired development rights to two new assets — the Tazovskoye and Severo-Samburgskoye fields — in the Yamalo-Nenets Autonomous Okrug. Subsoil usage rights to the Tazovskoye block run...
KNPC, PIC Agree to Shift Key Oil Projects to KIPIC
Kuwait >> 5/2/2017 - Kuwait National Petroleum Company (KNPC) and the Petrochemicals Industries Company (PIC) signed agreements to transfer contracts of key projects to Kuwait Integrated Petrochemical Industries Company (...
Noble Energy Sells Marcellus Gas Assets for $1.225 Billion
United States >> 5/2/2017 - Noble Energy, Inc. (Noble Energy) has signed a definitive agreement to divest all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for a total amount ...
Devon Energy Announces $1B Divestiture Plan
United States >> 5/2/2017 - Devon Energy Corp. (DVN) announced its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the...
Santos Increases Interest in Southern Amadeus Basin Permits
Australia >> 5/2/2017 - Central Petroleum Limited's (Central) joint venture partner, Santos QNT Pty Ltd (Santos), has exercised its option to acquire a 50% participating interest in and be appointed operator of EP(A)111 and ...
Total Signs Agreements to Explore Senegal’s Deepwater Potential
Senegal >> 5/2/2017 - Total and the Republic of Senegal have signed two agreements enabling Total to contribute to the exploration activities in Senegal’s deep and ultra-deep offshore. ...
Paramount Sells its Oil and Gas Assets for $150M
Canada >> 5/1/2017 - Paramount Resources Ltd. (POU) (Paramount) is pleased to announce that it has agreed to sell its oil and gas properties in the Valhalla area of Alberta (the "Assets") for cash consideration of approxi...
Joint Operating Agreement for the TSP Fields
Trinidad and Tobago >> 5/1/2017 - The National Gas Company of Trinidad and Tobago Limited (NGC) and TSP Operator Perenco T&T Limited, recently met to close-out several historical TSP related items under the Joint Operating Agreement f...
Panoro Energy Completes Dussafu Transaction
Gabon >> 4/28/2017 - Panoro Energy ASA (Panoro) is pleased to announce the closing of the sale of a 25% working interest in the Dussafu Production Sharing Contract (Dussafu PSC) offshore Gabon to BW Energy Gabon (BWEG), a...
Mexican Oil Regulator Approves First Onshore JV Projects
Mexico >> 4/28/2017 - Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved by regulators. ...
Mexico's Pemex Approves New Deepwater Gulf JV
Mexico >> 4/27/2017 - The board of Mexico's state-owned oil company Pemex on Thursday approved its second-ever deep water joint venture covering the Nobilis-Maximino block in the country's territorial Gulf waters. ...
Irish Government Approves Farmout of Licence LO 16/19 to Cairn
Ireland >> 4/26/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce Irish Government consent has been received for the transfer of a 70% in...
Canacol Energy Acquired Interest in the SSJN7 E&P Contract
Colombia >> 4/25/2017 - Canacol Energy Ltd. (CNE) is pleased to announce that it has purchased Pacific Exploration and Production’s (PEP) 50% operated interestin the SSJN7 Exploration and Production (E&P) Contract for a cons...
Atlas Copco to Acquire Full Stake in Taiwanese Exhaust Management Business
Taiwan >> 4/20/2017 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to buy the remaining stake in CSKT Inc., a joint venture in Taiwan that sells and services gas abatement and chemical ...
Hyperdynamics & SAPETRO Sign Third Amendment to Guinea PSC
Guinea >> 4/19/2017 - SCS Corporation Ltd. (SCS), a wholly owned subsidiary of Hyperdynamics Corporation, South Atlantic Petroleum (SAPETRO) and the Government of the Republic of Guinea have executed a Third Amendment to t...
Cadogan Fails to Obtain Production Licence for Zagoryanske Field
Ukraine >> 4/19/2017 - Cadogan Petroleum plc announces that its application to obtain a 20 year production licence for the Zagoryanske field has not been approved by the local authority of the Poltava Regional Council. The ...

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