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Acquisitions and Divestitures News

ADNOC Awards CNPC Stake in ADCO Onshore Concession
United Arab Emirates >> 2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...
Chariot Awarded Kenitra Offshore Exploration Permit
Morocco >> 2/16/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has b...
Relinquishment of SEL 4/07, Offshore Ireland
Ireland >> 2/15/2017 - Lansdowne Oil & Gas plc, the independent oil and gas company focused on offshore Ireland, announces the relinquishment of SEL 4/07, with effect from December 31st 2016. ...
NZOG Sells Tui Area Interest to Tamarind
New Zealand >> 2/14/2017 - New Zealand Oil & Gas has accepted Tamarind’s offer for its 27.5 per cent interest in the Tui area oil fields off Taranaki, New Zealand. Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt Egypt >> 2/13/2017 - Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
NU-Oil Completes Due Diligence on EL1070 Option Agreement
Canada >> 2/13/2017 - NU-Oil and Gas plc ((NU-Oil) is pleased to announce that further to its announcement on 21 December 2016, regarding the Option Agreement on EL1070, offshore Western Newfoundland with G2 Energy Corp. (...
Expiry of Farm-in Option between CLNR & Verus Petroleum
United Kingdom >> 2/13/2017 - On 10 May 2016, Cluff Natural Resources Plc (CLNR) had entered into an option with Verus Petroleum (SNS) Ltd (Verus) to acquire a 25% interest in licences P1944 (Block 14/20e) and P2156 (Block 15/11 &...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
Oman >> 2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
Sequa Petroleum Plans to Cease its Activities in Norway
Norway >> 2/9/2017 - Sequa Petroleum N.V. (Sequa) announces that following a strategic review it plans to cease its E&P activity in Norway conducted through Tellus Petroleum AS, and focus on acquiring assets elsewhere in ...
Zambia Cancels Five Oil Exploration Licences
Zambia >> 2/9/2017 - Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms. ...
EQT to Acquire 53,400 Core Marcellus Acres for $527 Million
United States >> 2/9/2017 - EQT Corporation announced that EQT, through its subsidiary EQT Production Company, has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acre...
MOL Wins Six New Licences in Hungary's 4th Licensing Round
Hungary >> 2/7/2017 - MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the count...
BW Offshore Farms into Kudu Field, Offshore Namibia
Namibia >> 2/7/2017 - BW Kudu Limited (a wholly owned subsidiary of BW Offshore) has entered into a Farm-Out Agreement for a 56% stake of the Kudu license offshore Namibia. National Petroleum Corporation of Namibia (NAMCOR...
Gran Tierra Energy Inc. Announces Sale of Brazil Business
Brazil >> 2/6/2017 - Gran Tierra Energy Inc., a company focused on oil and gas exploration and production in Colombia, is pleased to announce that a purchase and sale agreement was executed pursuant to which Maha Energy A...
Europa Oil & Gas Farms out Holmwood Prospect in Weald Basin
United Kingdom >> 2/6/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce that its wholly owned subsidiary has signed a Farm-Out Agreement (FOA) ...
Duqm Refinery’s Shareholder Agreement to be Signed Soon
Oman >> 1/31/2017 - A shareholder agreement between Oman Oil Company and Kuwait Petroleum International for building Duqm refinery will be finalised soon. ...
NU-Oil & PVF Concluded Production Sharing Agreement
Canada >> 1/31/2017 - NU-Oil, the independent Oil and Gas Company, is pleased to announce that it has concluded an Agreement with PVF over onshore petroleum lease PL2002-01(A) in western Newfoundland, Canada. ...
TAG Oil Expands Oil & Gas Operations into Australia
Australia >> 1/31/2017 - International oil and gas production company TAG Oil Ltd. is pleased to announce that the Company’s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (Cypress), has closed the purchase of...
Maersk to Sale of Brazil Oil and Gas Assets
Brazil >> 1/31/2017 - A.P. Moller-Maersk is considering selling its oil and gas business in Brazil as the shipping giant's energy group narrows operations in a restructuring, its chief executive said. ...
Iraq Seeks Foreign Partner for Second Gas Plant
Iraq >> 1/31/2017 - Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields, state-run South Gas Company said. ...

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