Acquisitions and Divestitures News

Suncor Energy Closes Purchase of Additional Interest in Fort Hills Project
Canada >> 2/3/2023 - Suncor Energy has closed the transaction to purchase an additional 14.65% working interest in the Fort Hills Project from Teck Resources Limited ("Teck"). As announced by TotalEnergies on January 27, ...
Petroleum Exploration Permit 11 (PEP 11) – NSW
Australia >> 2/3/2023 - Bounty Oil & Gas NL and BPH Energy Limited as the PEP 11 Joint Venture announce that in Proceedings Number WAD106/2022 between Asset Energy Pty Ltd (a wholly owned subsidiary of BPH’s investee, Adve...
Bengal Energy Secures Permit for Hydrocarbon Exploration and Development in Cooper Basin
Australia >> 2/2/2023 - Bengal Energy Ltd. has been awarded Potential Commercial Area (PCA) 332 over an area of 343 square kilometers that was previously covered by Bengal's Authority to Prospect ("ATP") 732. The grant of PC...
Vår Energi Withdraws from Barents Blue
Norway >> 2/1/2023 - Horisont Energi enters into partnership with Fertiberia to join the Barents Blue project. Simultaneously Vår Energi and Equinor withdraw from the projectas the cooperation agreement expires on 31th Ja...
Vertex Energy Announces Sale of Heartland Used Motor Oil Collections and Refining Business
United States >> 2/1/2023 - - UMO divestiture significantly streamlines business, improving focus on conventional fuels refining operations and initial renewable diesel production operations at Mobile, AL facility
- Net pr...
OceanPal Inc. Announces Entry Into Agreement to Acquire a Panamax Dry Bulk Vessel
Greece >> 2/1/2023 - OceanPal Inc., a global shipping company specializing in the ownership of vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement dated February 1,...
ADM Energy Announces Barracuda and Interim Injunction
Nigeria >> 2/1/2023 - ADM Energy PLC, a natural-resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field.

As previously announced on 13 De...
Equinor Leaves the Barents Blue Project as Agreement Period Ends - New Partner Joins
Norway >> 2/1/2023 - Operator Horisont Energi has announced Fertiberia as a new partner to join the Barents Blue project. The previous partners Equinor and Vår Energi leave the project as the cooperation agreement expired...
Elk Range Royalties Announces Acquisition in the Permian Basin and Launch of Elk Range Royalties II
United States >> 2/1/2023 - Elk Range Royalties, LP (“Elk Range”) is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (“PSA”) with Tower Ro...
Sirius Petroleum Provides Group Operational + Commercial Update
Nigeria >> 1/31/2023 - Sirius, an African focused oil & gas production and development company, is pleased to provide a group operational and commercial update ahead of the Company’s Annual General Meeting today.

...
WEC Energy to Acquire 80% Ownership of Samson I Solar Energy Center
United States >> 1/31/2023 - WEC Energy Group announced that the company has agreed to acquire an 80% ownership interest in the Samson I Solar Energy Center.

Samson I is a 250-megawatt project located about 140 miles nor...
Diamondback Energy, Inc. Announces Closing of Lario Acquisition
United States >> 1/31/2023 - Diamondback Energy, Inc. has completed its previously announced acquisition of all leasehold interests and related assets of Lario Permian, LLC, a wholly owned subsidiary of Lario Oil & Gas Company, a...
Maha Energy Enters into a Joint Operating Agreement with Mafraq Energy LLC for Block 70 in Oman
Oman >> 1/30/2023 - Maha Energy AB (Publ) (“Maha”), through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC (“Mafraq Energy”) have entered into a Joint Operating Agreement (“JOA”) for Block 70 i...
QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks
Lebanon >> 1/29/2023 - TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon.

The agreements were endorsed in Beirut on January...
Brazilian Antitrust Authority Approves the Sale of Maha Energy Brasil
Brazil >> 1/27/2023 - Maha Energy AB is pleased to announce that the Brazilian antitrust authority (CADE) has approved, without restrictions, the sale of Maha Energy Brasil Ltda. to PetroRecôncavo S.A.

The quot...
TotalEnergies EP Canada Acquires an Additional Interest in Fort Hills
Canada >> 1/27/2023 - In the context of its future spin-off, TotalEnergies EP Canada Ltd announces that it has exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partner...
Petrobras Concludes the Sale of the Albacora Leste Field
Brazil >> 1/26/2023 - Petrobras, following up on the releases disclosed on 01/26/2023 and 04/27/2022, informs that it has finalized today, after the fulfillment of all the preceding conditions, the sale of its total intere...
Petrobras on the Sale of UFN-III
Brazil >> 1/24/2023 - Petrobras, following up on the release disclosed on 08/29/2022, informs that, observing the applicable internal governance, the closing of the competitive process, which was in the binding phase, for ...
Arena Energy Acquires Gulf of Mexico Shelf Properties from Cox Operating
United States >> 1/24/2023 - Arena Energy, LLC ("Arena"), a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, announced it has closed on the acquisition of Cox Operating, LLC's interest in t...
PetroSun Announces Sales of Common Shares
United States >> 1/24/2023 - PetroSun, Inc., which holds operated working interests in over 300,000 acres (gross) of oil, natural gas and helium leases in the Holbrook Basin and Four Corners region, announced that it has complete...

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