Acquisitions and Divestitures News

CGX Energy & Frontera Energy Announce Extensions of Previous Loan to November 30, 2022
Guyana >> 10/3/2022 - CGX Energy Inc. (OYL) ("CGX") and Frontera Energy Corporation (FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guy...
Ørsted Completes Divestment of 50 % of Hornsea 2 Offshore Wind Farm
United Kingdom >> 9/29/2022 - Further to our company announcement issued on 28 March 2022, Ørsted has completed the divestment of 50 % of Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts, acting on behalf of cli...
Kumul Offers to Acquire 5% of PNG LNG
Papua-New Guinea >> 9/27/2022 - Santos advises it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in PNG LNG for asset value of US$1.4 billion, includin...
Poseidon Acquisition Ups Go-Private Offer for Atlas Corp. to $15.50 a Share
United Kingdom >> 9/26/2022 - Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE: ATCO) (“Atlas” or the “Company”), certain affiliates of Fairf...
Acquisition of Interest in Itaipu Field
Brazil >> 9/26/2022 - Petro Rio S.A., in addition to the Material Fact of November 19, 2020, informs its shareholders and the market in general of the signing of an agreement with Total Energies E&P Brasil Ltda. for the ac...
Santos Exercises Option to Increase Mahalo Gas Project Equity
Australia >> 9/26/2022 - Key points:
• Comet Ridge has received a notice from Santos to acquire the additional 12.86% option interest in the Mahalo Gas Project, per previously announced arrangements between the parties....
Shell Withdraws from Major Irish Offshore Wind Projects
Ireland >> 9/24/2022 - Shell and Simply Blue Group confirm that Shell will end its involvement in the Western Star and Emerald offshore wind projects in Ireland.

This is a portfolio decision for Shell, for whom o...
TotalEnergies Selected as QatarEnergy’s First Partner in the North Field LNG Project
Qatar >> 9/24/2022 - Following its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) liquefied natural gas (LNG) project, TotalEnergies has again been selected as the first inte...
Submission of Two Bids for the Acquisition of 67% of the Port Authority of Alexandroupolis S.A.
Greece >> 9/23/2022 - The National Fund of Greece, received, Thursday, September 22, 2022, two (2) offers for the acquisition of 67% of the share capital of the Alexandroupolis Port Authority.

Offers were subm...
Glencore to Acquire Newmont’s 18.75% Shareholding in the MARA Project
Argentina >> 9/23/2022 - Glencore International AG (GIAG) and Newmont Corporation announced they have reached an agreement in which Glencore will acquire Newmont’s 18.75% shareholding in the MARA Project (MARA). Following com...
Rockhopper Exploration Provides Sea Lion Update
Falkland Islands >> 9/23/2022 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that, further to the signing of definitive documen...
ReconAfrica Enters into Agreement with NAMCOR
Namibia >> 9/22/2022 - Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) wishes to announce that, further to its announcement on February 6, 2022, it has entered into a definitive purchase and sale agreemen...
Illinois American Water Acquires City of Villa Grove Water and Wastewater Systems
United States >> 9/22/2022 - Illinois American Water, a subsidiary of American Water, announced, the acquisition of the City of Villa Grove water and wastewater systems for $11 million. The newly acquired systems add approximatel...
M6 Midstream Announces FID & Completes Two Acquisitions in the Haynesville Shale
United States >> 9/22/2022 - - Board of Directors has reached Final Investment Decision on its New Generation Gas Gathering project, which will initially provide 1.7 Bcf/d of capacity from the Haynesville Shale to the growing Gul...
Prairie Lithium Acquires Oil Wells Slated for Abandonment
United States >> 9/21/2022 - PRAIRIE LITHIUM CORPORATION acquired three additional wells from a Saskatchewan based Oil Producer that were set to be abandoned due to the wells limited oil production. Although the wells no longer h...
Triangle Secures 100% of Permits L7 & EP 437 Onshore Perth Basin
Australia >> 9/21/2022 - Highlights
• Triangle completes purchase of remaining 50% interest in permit L7 from Key
• Triangle completes purchase of remaining 86.942% interest in permit EP 437 from Key
• Trian...
Petrobras Begins Binding Phase for Sale of Stake in the Potiguar Basin
Brazil >> 9/20/2022 - Petrobras, following up on the releases disclosed on 08/16/2022 and 09/08/2022, informs the beginning of the binding phase regarding the sale of 40% of its stake in the BM-POT-17 exploratory concessio...
Tamboran Announces Acquisition of Origin Energy’s Beetaloo Assets
Australia >> 9/20/2022 - Highlights
• Tamboran and Bryan Sheffield (Sheffield) have agreed to jointly (50% each) acquire Origin Energy’s (Origin) 77.5 per cent interest in three Beetaloo Basin permits (EP 98, 117 and 76...
Origin to Divest Beetaloo Basin Interests, Intends to Exit Upstream Exploration Permits
Australia >> 9/19/2022 - Origin Energy Limited (Origin) will divest 100 per cent of its interest in the Beetaloo Basin, and has announced an intention to exit its upstream exploration permits, as the company focuses on its st...
Summit Midstream Announces Sale of its Bison Gas Gathering System in North Dakota
United States >> 9/19/2022 - Summit Midstream Partners, LP announced that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), signed and closed on the sale of Bison Midstream, LLC ("Bison Midstream"), it...

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