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Acquisitions and Divestitures News

Santos Receives Revised Harbour Energy Proposal
Australia >> 5/21/2018 - Santos advises that on 21 May 2018 it received a revised binding, conditional proposal from Harbour Energy Australia Pty Ltd (Harbour) to acquire 100% of Santos shares by way of a scheme of arrangemen...
Iran Signs Agreement with Pergas Consortium to Develop Irans Oilfield
Iran >> 5/21/2018 - Iran has signed a deal with Pergas Consortium, a group of international oil and gas companies based in London, to develop Irans Karanj oilfield in its southwestern province of Khuzestan, local media r...
Jadestone Energy Provides an Update on New Contract for Ogan Komering, Indonesia
Indonesia >> 5/20/2018 - Jadestone Energy Inc. (JSE) announces that a new gross split Production Sharing Contract (“PSC”) for the Ogan Komering working area has been signed between PT Pertamina Hulu Energi Ogan Komering (“Per...
Kuwait Energy Appoints Adviser as It Looks to Sell Iraq Asset
Iraq >> 5/20/2018 - Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in sout...
Company Deals at Risk from U.S. Sanctions on Iran
Iran >> 5/18/2018 - French gas and power group Engie (ENGIE), Polish gas firm PGNiG (PGN) and German lender DZ Bank were the latest companies on Friday to say that their business dealings with Iran would be affected by t...
Rex Energy Initiates Sale Process for All Remaining Assets
United States >> 5/18/2018 - Rex Energy Corporation, an independent oil and gas exploration and production company, announced that, following its previously announced strategic review, it has decided to begin an orderly sale proc...
CNOOC Signs PSCs with Husky
China >> 5/18/2018 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited (Husky) f...
Successful Completion of Sale of Fenja Field Interest
Norway >> 5/17/2018 - Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the completion of the ...
Total’s Position Related to the South Pars 11 Project in Iran
Iran >> 5/16/2018 - On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legis...
Union Jack Oil Announces Widmerpool Gulf & Humber Basin Acquisition
United Kingdom >> 5/15/2018 - Union Jack Oil has entered into a sale and purchase agreement with Celtique Energie Petroleum whereby Union Jack and its Commercial Partner Humber Oil & Gas will each make an investment to acquire a 1...
Farm-out of EG-24 exploration licence
Equatorial Guinea >> 5/14/2018 - Ophir announces that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea. Under the terms of the agreement, Kosmos will acquire a 40...
China's CNPC Ready to Take Over Iran Project If Total Leaves
Iran >> 5/11/2018 - China's state-owned energy major CNPC is ready to take over Total's stake in the giant Iranian South Pars gas project if the French company leaves amid newly announced U.S. sanctions, industry sources...
Calima Energy Awarded Block 2813B in Namibia's Orange River Basin
Namibia >> 5/10/2018 - Calima Energy Limited has expanded its asset portfolio in Africa through the award of a Petroleum Agreement for offshore Block 2813B, covering an area of 5,344 km2 in the Orange River Basin of Namibia...
Response to Notice of Cancellation of PPL 560
Papua-New Guinea >> 5/10/2018 - Rawson Oil and Gas Limited (Rawson) has an interest in Papua New Guinea (PNG) Petroleum Prospecting Licences (PPL) 549 and 560 as well as a number of PPL applications via its 60% ownership share in ...
Transocean Acquires Interest in Harsh Environment Newbuild Semisubmersible
United States >> 5/9/2018 - Transocean Ltd. (NYSE:RIG) announced that, through a joint venture with funds managed and/or advised by Hayfin Capital Management LLP (“Hayfin”), it has purchased a 33.3% interest in the West Rigel, a...
No Signs of Total Walking out of SP 11 Deal Yet
Iran >> 5/9/2018 - The CEO of the Pars Oil and Gas Company (POGC) said the company has so far received no official messages from French energy major Total for pulling out of a deal it cut with Iran to develop a major ga...
Exxon Mobil Unit Sells Italy Refinery, Fuel Terminals to Algeria
Italy >> 5/9/2018 - Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude. ...
Conoco Moves to Take over Venezuelan PDVSA's Caribbean Assets
Venezuela >> 5/6/2018 - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South ...
Lion Awarded East Seram Block, Offshore & Onshore Seram Island
Indonesia >> 5/4/2018 - Lion Energy has been awarded the East Seram Block. The Block was awarded to the Company under a Gross Split Production Sharing Contract (GSPSC), the commercial terms of which are to be finalized prior...
Santos Announces Sale of Non-Core Asian Assets
Vietnam >> 5/3/2018 - Santos announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for US$221 million. ...

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