Acquisitions and Divestitures News

Bauna Acquisition Update
Brazil >> 10/5/2020 - Karoon Energy Ltd (“Karoon”) provides the market with the following update on the status of the Bauna asset acquisition:

• Remaining Conditions Precedent: As previously announced, transac...
Petrobras on Sale of Assets in Uruguay
Uruguay >> 10/2/2020 - Petrobras, following up on the release disclosed on February 4, 2020, informs that its indirect controlled company, Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), signed with DISA Corporac...
LyondellBasell and Sasol form Integrated Polyethylene Joint Venture
United States >> 10/2/2020 - LyondellBasell and Sasol announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cr...
Occidental Announces Sale of its Onshore Assets in Colombia
Colombia >> 10/1/2020 - Occidental has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for total consideration of approximately $825 million, with $700 million up front and the remainder payab...
Black Bear Transmission Sells Ozark Natural Gas Gathering Assets
United States >> 10/1/2020 - Black Bear Transmission LLC, (“Black Bear”) has completed the divestiture of all the assets owned by Ozark Gas Gathering, L.L.C. (“OGG”) to an undisclosed buyer. ...
Emerson Expands its Footprint with Agreement to Acquire Progea Group
United States >> 10/1/2020 - Emerson has completed the acquisition of the Progea Group, an industry-leading provider of industrial internet of things (IIoT), plant analytics, human machine interface (HMI) and supervisory control ...
Pandion Swaps License Interests with ConocoPhillips
Norway >> 10/1/2020 - Pandion Energy AS (Pandion Energy) has entered into an agreement with ConocoPhillips Skandinavia AS (ConocoPhillips) to swap half of its 20 per cent interest in PL 1047 in the North Sea in exchange fo...
Petrobras on Refinery Sales
Brazil >> 10/1/2020 - Petrobras informs that the plenary composition of the Supreme Federal Court (STF), by majority vote, denied the preliminary injunction request formulated by the Federal Senate and Congress comitees re...
Dominion Provides Update on Closing of Gas Transmission, Storage Assets Sale
United States >> 9/30/2020 - Dominion Energy provided several updates related to the pending sale of its gas transmission and storage assets to an affiliate of Berkshire Hathaway Inc.

Transaction closing
Dominio...
Petrobras Starts Binding Phase of Petrobras Biocombustível
Brazil >> 9/30/2020 - Petrobras, following up on the press release disclosed on August 3, 2020, informs the beginning of the binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PB...
Petrobras Concludes the Sale of Lagoa Parda Cluster
Brazil >> 9/30/2020 - Petrobras, following up on the release disclosed on 10/11/2019, informs that it has concluded today the sale of its entire stake in the onshore fields of the Lagoa Parda Cluster, located in the state ...
Ruvuma Farm-Out Update and Additional Funding
Tanzania >> 9/30/2020 - Aminex announces that the parties to the Ruvuma Farm-Out Agreement have, at Aminex's request, agreed to extend the long stop date for satisfaction of the remaining conditions to the Farm-Out from 30 S...
Petrobras Starts Non-binding Phase of the North Capixaba Cluster
Brazil >> 9/29/2020 - Petrobras, following up on the release disclosed on August 21, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of five onshore field concessions, ...
Eolus Announces Sale of Wind Power to Commerz Real AG Group
Sweden >> 9/29/2020 - Eolus has signed an agreement with Commerz Real regarding the sale of three wind farms in southern Sweden with a total installed capacity of 68 MW. The preliminary purchase price for the wind farms am...
Total Exits the Foz do Amazonas Basin
Brazil >> 9/28/2020 - Total has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. The...
Petrobras Starts Non-binding Phase of the Potiguar Cluster
Brazil >> 9/28/2020 - Petrobras, following up on the release disclosed on August 24, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow w...
Petrobras Increases Investments in Northern of Brazil
Brazil >> 9/28/2020 - Petrobras announces it has signed an agreement on September 25th, 2020, under which Total E&P do Brasil LTDA will transfer to Petrobras the operatorship and working interest on the following explorat...
ATP 2061 Mahalo East Awarded Soon after Recent Bid Win
Australia >> 9/28/2020 - Comet Ridge Limited is pleased to announce that following the Company’s selection by the Queensland Government as preferred tenderer for two additional gas blocks, which was announced early last week...
LS Power to Sell Three Solar Plants
Denmark >> 9/28/2020 - LS Power has entered into an agreement to sell its interests in the Dover Sun Park, the Arlington Valley Solar Energy II and the Centinela Solar Energy projects to Capital Dynamics. LS Power was the...
Maha Energy Awarded Block 70 Onshore Oman
Oman >> 9/25/2020 - Maha Energy has been awarded Block 70, onshore Oman. The Block, which includes the shallow undeveloped Mafraq heavy oil field, is located in the middle of the prolific Ghaba Salt Basin in the central ...

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