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Acquisitions and Divestitures News

EnQuest Acquires Operated Stake in Magnus Field from BP
United Kingdom >> 1/24/2017 - EnQuest PLC (together with its subsidiaries, "EnQuest"), is pleased to announce an agreement to acquire from BP an initial 25% interest in the Magnus oil field (Magnus) representing c.15.9 MMboe of ad...
New Auction for Peru South Gas Pipeline Project
Peru >> 1/23/2017 - The government of Peru said that it will not compensate an Odebrecht-led consortium for investments made in a $5 billion natural gas pipeline project after it rescinds the contract over a missed finan...
Targa Resources Acquires Delaware & Midland Basin Assets
United States >> 1/23/2017 - Targa Resources Corp. (Targa) has executed definitive agreements for its subsidiary, Targa Resources Partners LP, to acquire 100% of the membership interests of Outrigger Delaware Operating, LLC, Outr...
Shell to Sell Stake in Sadaf Chemicals Joint Venture in Saudi Arabia to Sabic
Saudi Arabia >> 1/22/2017 - Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. ...
Baytex Energy Closes Peace River Acquisition
Canada >> 1/20/2017 - Baytex Energy Corp. (Baytex) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisiti...
Odebrecht Ready to Return $5 B Pipeline Contract to Peru
Peru >> 1/20/2017 - A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline on Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the...
Proposed Acquisition of OGIF's Interests in Eastern Morocco
Morocco >> 1/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce the signature, following the successful extended well test, of non-binding heads of agreement for the acquis...
Faroe Petroleum Wins Four New Exploration Licences Offshore Norway
Norway >> 1/18/2017 - Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, has been awarded four new prospective exploratio...
Norway Awards 56 Production Licences in APA 2016 Licensing Round
Norway >> 1/17/2017 - The Ministry of Petroleum and Energy today offers 29 oil-companies participation in 56 production licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas 2016 (APA 2016) licensin...
Statoil Wins 29 New Production Licences on Norwegian Continental Shelf
Norway >> 1/17/2017 - In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS), 16 of these as operator, and 13 ...
DEA Awarded Two New Licences in Norway
Norway >> 1/17/2017 - Within the 2016 Awards in Predefined Areas (APA 2016), DEA was awarded two new licences by the Norwegian Ministry of Petroleum and Energy, thereof one as operator. ...
Lundin Norway Wins Four Licences in Norwegian Licensing Round
Norway >> 1/17/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded four exploration licence interests in the 2016 Norwegia...
Aker BP Offered 21 New Licences in APA 2016
Norway >> 1/17/2017 - Aker BP is offered interests in 21 new production licenses (licenses), including 13 new operatorships, at the Awards in pre-defined areas (APA) 2016. ...
Abu Dhabi's Masdar Buys 25 pct Stake in Floating Wind Farm in U.K
United Kingdom >> 1/17/2017 - Abu Dhabi green energy firm Masdar has acquired a 25 percent stake in Hywind Scotland, the world's first offshore floating wind farm, it said. Hywind Scotland, a 30 megawatt (MW) pilot wind farm on th...
VNG Norge Wins Two Operatorships & Partnerships in APA 2016
Norway >> 1/17/2017 - The Ministry of Petroleum and Energy announced the Awards in Predefined Areas 2016. VNG Norge has been awarded the following: ...
Japan's Inpex to Extend Holding in Abu Dhabi Oilfields
United Arab Emirates >> 1/16/2017 - Inpex Corporation (INPEX) has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu ...
Anadarko to Sell Eagle Ford Shale Assets for $2.3 Billion
United States >> 1/12/2017 - Anadarko Petroleum Corporation has agreed to sell its Eagle Ford Shale assets in South Texas for approximately $2.3 billion to Sanchez Energy Corporation and Blackstone Group LP. Anadarko's sponsored ...
WPX Increases Delaware Basin Inventory with Bolt-On Acquisition
United States >> 1/12/2017 - WPX Energy has agreed to acquire assets that would increase its Permian operations to more than 120,000 net acres and deepen its drilling inventory of top-tier Delaware locations while enhancing key f...
Statement Regarding Media Speculation
Morocco >> 1/11/2017 - SDX notes the recent media speculation concerning a potential acquisition and material equity fundraising. ...
Renaissance & Lukoil to Develop Amatitlan Oil Block in Mexico
Renaissance & Lukoil to Develop Amatitlan Oil Block in Mexico Mexico >> 1/11/2017 - Renaissance Oil Corp. (Renaissance) (ROE) is pleased to announce that PJSC LUKOIL, one of the world’s largest oil producers, has chosen Renaissance as their partner for the Integrated Exploration and ...

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