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Acquisitions and Divestitures News in Mexico

Chevron Acquires 40% Stake in 3 Mexico Deepwater Blocks from Shell
10/7/2019 - Chevron signed an agreement with a unit of Royal Dutch Shell to acquire a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation’s energy re...
GulfSlope Energy Announces Key Lease Extension
8/2/2019 - GulfSlope Energy has announced that the federal Bureau of Ocean and Energy Management ('BOEM') has agreed to grant GulfSlope a three year extension of the term of its lease number OCS-G-35244 for Ship...
Shell Completes Sale of Interest in Caesar-Tonga Asset
7/30/2019 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico ...
INPEX Acquires Interest in Keathley Canyon Blocks 921/965 and Walker Ridge Blocks 881/925
7/26/2019 - INPEX subsidiary INPEX US Offshore has reached an agreement with Anadarko Petroleum to acquire a 40 percent participating interest in Keathley Canyon Blocks 921 and 965 as well as Walker Ridge Blocks ...
Ophir Energy Sells Offshore Mexico Block 5 Interest to Existing Partners
5/16/2019 - Ophir Energy has signed a Sales and Purchase Agreement ('SPA') relating to the sale of its 23.33% interest in Block 5 (Cuenca Salina), offshore Mexico, to the existing partners in the Block 5 explorat...
Equinor Acquires Shell's Interest in the Caesar Tonga Oil Field in GoM
5/13/2019 - Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. This ...
Charter Terms Agreed on for Area 1 Floater Offshore Mexico
4/15/2019 - MODEC, Inc. ("MODEC), Mitsui & Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL) jointly announce that Mitsui and MOL have participated in a long-term charter business ("the Project") operated by MODEC f...
DEA Completes Acquisition of Sierra Oil & Gas
3/20/2019 - DEA Deutsche Erdoel has completed the acquisition of 100 percent of the shares of Sierra Oil & Gas. With the deal, DEA enhances its presence in Mexico and its long-term commitment to the country’s oil...
Byron Energy Completes South Marsh Island 58 Acquisition
3/7/2019 - Byron Energy has closed on the acquisition of South Marsh Island Block 58, SM 58 E1 producing wellbore, and the associated SM69 E Platform and Flowlines, for US$4.25 million dollars, being the price e...
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum 12/16/2018 - His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Chief Executive Officer of Eni, signed today a sale and purchas...
Petrofac Completes Sale of 49% of its Mexico Operations
10/19/2018 - Petrofac Limited has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico ...
Pemex and Block 7 Consortium Sign Pre-Unitization Agreement
9/20/2018 - Petroleos Mexicanos (Pemex) and Talos Energy, as operator of the Block 7 Consortium, are pleased to announce that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and ...
Petrofac To Sell 49% Of Mexican Operations
7/30/2018 - British oilfield services provider Petrofac Ltd had agreed to sell 49 percent of its operations in Mexico to Perenco (Oil & Gas) International Ltd, as it prepares to scale back oil and gas production....
Vista Oil & Gas Acquires Assets in Mexico
5/22/2018 - Vista Oil & Gas, S.A.B. de C.V. (Vista) , the first oil and gas exploration and production company listed on the Mexican Stock Exchange, announced that it has celebrated a Joint Venture Agreement with...
Premier Oil Awarded Three Blocks in Mexico’s Round 3.1
3/28/2018 - Premier is pleased to announce that it has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico’s Round 3.1 held in Mexico City on 27 March 2018. ...
DEA Wins Three Exploration Blocks as Operator in Mexico’s Bid Round 3.1
3/27/2018 - In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P a...
Mexico's Pemex Raises Hand in Final Oil Auction before Election
3/27/2018 - Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday, in an auction where state-run Pemex took advantage of growing political risk ahead of a presidential election to consolidat...
Eni Awarded New E&P License in Mexico
3/27/2018 - Eni and its partner Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico. This allows Eni to build up and consolidate a new core a...
CNH announces the Conformation of Bidders for Round 3.1
3/22/2018 - The Governing Body of the National Hydrocarbons Commission (CNH) approved the formation of bidders to participate in the First Round Three Tender, CNH-R03-L01 / 2017, consisting of 35 Contractual Area...
DEA Signed Licence Contract with Pemex and CNH
DEA Signed Licence Contract with Pemex and CNH 3/7/2018 - Deutsche Erdoel Mexico, the affiliate of the German E&P company DEA Deutsche Erdoel AG, Pemex and the Mexican National Hydrocarbons Commission (CNH) have signed the licence contract for the Ogarrio fi...

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