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Acquisitions and Divestitures News

Baron Oil Signs Agreement with Corfe to Farm in to North Sea Wick Prospect
United Kingdom >> 2/19/2018 - Baron Oil PLC has entered into an option agreement with Corfe Energy Limited to be assigned part of its rights to farm in to UK North Sea Licence P2235, which contains the Wick Prospect. Baron's optio...
NOVATEK Wins Bid for the Gas Assets of ALROSA
Russia >> 2/19/2018 - PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participa...
Aker Energy Reaches Agreement to Acquire Hess Ghana
Ghana >> 2/19/2018 - Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50...
ADNOC Signs New Offshore Concession Agreement with Cepsa
United Arab Emirates >> 2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offsh...
Angus Energy Completes First Stage of Balcombe Partnership
United Kingdom >> 2/16/2018 - Angus Energy Plc, the conventional oil and gas production and development company, announces that pursuant to the Company’s 22 January RNS it has initiated the Balcombe Partnership with the completion...
Noble Energy Announces $750M Share Repurchase Program
United States >> 2/15/2018 - Noble Energy, Inc. (NBL) (Noble Energy) announced that its Board of Directors has authorized a $750 million share repurchase program. In addition, the Company has executed an agreement to sell its de...
Oil Search Completes the Alaska North Slope Acquisition
United States >> 2/15/2018 - Oil Search advises that its acquisition of a 25.5% interest in the Pikka Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe Block in the Alaska North Slope from privately-owne...
Lion Energy Announces Strategic Review of Assets
Indonesia >> 2/14/2018 - Lion Energy, an ASX listed oil & gas exploration & production company focused on Indonesia, has advised it is undertaking a strategic review of its oil and gas assets. ...
Woodside to Raise $2.5B to Fund Scarborough Acquisition Projects
Australia >> 2/14/2018 - Woodside Petroleum said it would raise A$2.5 billion ($1.96 billion) from shareholders to fund the purchase of ExxonMobil Corp’s stake in the Scarborough gas field and fund developments in Australia a...
LINN Energy Announces Sale of West Texas Properties for $119.5M
United States >> 2/14/2018 - LINN Energy, Inc. (LNGG) announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119....
Carnarvon Petroleum Awarded New Permit on Western Australia’s North West Shelf
Australia >> 2/12/2018 - Carnarvon Petroleum has informed shareholders that it has been awarded the AC/P63 permit within the Southern Vulcan Sub-basin, on Western Australia’s North West Shelf which will be known as the Eagle ...
Genoil Moves into the MSGBC Basin
Mauritania >> 2/12/2018 - Genoil signed an agreement with CAP Energy to develop oil fields in the MSGBC Basin (Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry). The project on the North West African Atlantic ...
Faroe Petroleum Announces Sale of Interest in PL586 (Fenja) to Suncor Energy Norge
Norway >> 2/12/2018 - Faroe Petroleum has announced that it has executed a transaction with Suncor Energy Norge for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea. Highl...
Kuwait Energy Signs Block 9 Farm-out Agreement
Kuwait >> 2/12/2018 - Kuwait Energy plc signed Block 9, Iraq Farm-out Agreement with Dragon Oil (a wholly-owned subsidiary of Emirates National Oil Company Ltd, the national oil company of Dubai). ...
ONGC-led Consortium Awarded 10% Stake in ADNOC's Lower Zakum Concession
United Arab Emirates >> 2/10/2018 - ONGC Videsh led Indian Consortium has been awarded 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi. The Concession award by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi gove...
Proposed Acquisition of Alliance Petroleum Corporation
United States >> 2/9/2018 - AIM-listed Diversified Gas & Oil announced on 31 January 2018 details of the proposed acquisition of certain Appalachian producing gas and oil assets from CNX Gas Company, an NYSE listed energy compa...
WPX Energy Sells San Juan Basin's Gallup Holdings for $700 Million
United States >> 2/6/2018 - WPX Energy has signed an agreement to sell its holdings in the San Juan Basin’s Gallup oil play for $700 million to an undisclosed third party. Closing is expected to occur in the first quarter. The d...
Total Enters Exploration in the Prolific Guyana Basin
Total Enters Exploration in the Prolific Guyana Basin Guyana >> 2/5/2018 - Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for ...
QP Joins Total as Partner in Block 11B/12B in South Africa
South Africa >> 2/5/2018 - Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval. ...
AspenTech Acquires Apex Optimisation, Inventors of GDOT
United States >> 2/5/2018 - Aspen Technology, Inc. (AZPN), the asset optimization software company, has acquired Apex Optimisation, a European company specializing in Dynamic Optimization and Advanced Process Control. ...

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