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Acquisitions and Divestitures News

KrisEnergy Completes Disposal of Andaman II PSC
Indonesia >> 4/8/2020 - KrisEnergy Ltd. (“KrisEnergy”) refers to the announcements made by the Company on 29 October 2019 and 19 November 2019, in relation to the entry into a conditional sale and purchase agreement with BP ...
Total Announces Asset Sales in Brunei, Sierra Leone & Liberia
Liberia >> 4/7/2020 - In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration...
Agreement with NAMCOR to Licence 3D Seismic Data
Namibia >> 4/7/2020 - Global Petroleum Limited has come to an agreement to licence pre-existing 3D seismic data in its offshore Namibia Block, 2011A (PEL0094). This key data, acquired by previous licensees in 2010, covers ...
Origin Energy Increases Interest in Beetaloo Basin JV with Falcon
Australia >> 4/7/2020 - Origin Energy has agreed with joint venture partner Falcon Oil and Gas to increase its interest in the Beetaloo Basin joint venture by 7.5 per cent in exchange for increasing its carry of Falcon’s sha...
One Onshore Petroleum Exploration Permit Granted
New Zealand >> 4/6/2020 - One petroleum exploration permit has been granted for Block Offer 2018. The successful bid was granted to Todd Exploration Management Services Limited for an area covering 105km2, east of Inglewood, i...
Long Extension for Acquisition of Cooper-Eromanga Licences
Australia >> 4/3/2020 - Oilex Ltd is pleased to announce that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper-Eromanga Basins fro...
Maha Energy Acquires Onshore Producing Properties in the Illinois Basin
United States >> 4/1/2020 - Maha Energy AB (“Maha”) is pleased to announce that its wholly owned subsidiary Maha Energy (US) Inc (“Maha US”) has entered into an agreement to acquire certain oil producing assets in the Illinois B...
Petrobras on E&P Assets in the Santos Basin
Brazil >> 3/31/2020 - Petrobras, following up on the release dated 02/27/2020, announces the beginning of the binding phase referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the sha...
Whitebark Terminates Wizard Lake Oilfield Residual Interest Acquisition Agreement
Canada >> 3/30/2020 - As announced on 18 December 2019, the acquisition of the Wizard Lake assets would proceed in stages. Stage 1 was completed on 23 December 2019 with SBE moving to 60% ownership1. WBE/SBE has the right ...
Shell Exits Proposed Lake Charles LNG Project
United States >> 3/30/2020 - Given current market conditions, Shell announces it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer will take over as the project develo...
Tower Resources Announces Farm-out Update
Cameroon >> 3/30/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to announce updates in respect of its Thali Production Sharing Contract ("PSC") in Cameroon, conducted thro...
3D Oil Nears Completion of Farm out of T/49P to ConocoPhillips Australia
Australia >> 3/26/2020 - 3D Oil has announced that ConocoPhillips Australia and TDO’s wholly owned subsidiary, 3D Oil T49P have executed a Joint Operating Agreement ('JOA') in relation to the offshore Tasmanian Permit T/49P w...
Block Energy Acquires 2 Adjacent Blocks from Schlumberger
Georgia >> 3/26/2020 - Block Energy Plc has entered into a sale and purchase agreement ("SPA") with Schlumberger B.V. to acquire its subsidiary Schlumberger Rustaveli Company Limited ("SRCL")("the Acquisition"). Of the thre...
Real Energy & Strata X Granted Project Venus Permit ATP2051
Australia >> 3/26/2020 - Real Energy, an Australian east coast focused gas company with interests in the Cooper and Surat Basins has announced that the Queensland Government has officially granted title to Project Venus permi...
Renegotiation of Tilapia acquisition
Congo >> 3/24/2020 - Zenith Energy Ltd., has entered into a conditional Deed of Variation (the "Deed of Variation") to amend the terms of the consideration (the "Consideration") payable for the acquisition of an 80 per ce...
Impact of COVID-19
Falkland Islands >> 3/19/2020 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, provides the following update in response to current market uncerta...
Gulf of Mexico Lease Sale Yields more than $93m in High Bids
United States >> 3/18/2020 - In support of President Donald J. Trump's America-First Offshore Energy Strategy, Bureau of Ocean Energy Management announced that region-wide Gulf of Mexico Lease Sale 254 generated $93,083,453 in hi...
Petrobras on E&P Assets in the Espirito Santo Basin
Brazil >> 3/18/2020 - Petrobras, following up on the release dated 01/15/2020, announces the beginning of the binding phase regarding the sale of its entire interest in two sets of offshore concessions, called Golfinho Clu...
G1/48 Concession Gulf of Thailand Joint Venture Restructuring
Thailand >> 3/12/2020 - Tap Oil Limited provides the following update on the joint venture over the G1/48 Concession in the Gulf of Thailand (Concession), which includes the Manora Oil Field Production Area and is operated b...
Santos to Sell 25% Interest in Darwin LNG & Bayu-Undan to SK E&S
Australia >> 3/12/2020 - Santos had agreed to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for US$390 million with effect from 1 October 2019 with customary adjustments on completion.[1] Santos also receives the...

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