Acquisitions and Divestitures News in Australia

Australia's Origin Energy to Spin Off Oil and Gas Assets in IPO
12/5/2016 - Australia's top power and gas retailer Origin Energy will spin off its interests in conventional oil and gas fields in an initial public offering the company said on Tuesday, a reversal from September...
Melbana Energy Gets WA-488-P Licence Extension
12/1/2016 - Melbana Energy, formerly known as MEO Australia, has been notified by the National Offshore Petroleum Titles Administrator ('NOPTA') of the approval of its application to vary the WA-488-P (Melbana 10...
Armour Energy Agrees Terms with Cornerstone Investor to Fund Development of Kincora Field Assets
11/21/2016 - Capital raising program of up to $40 million to fund the start-up of gas production from the Kincora project, the on-going development of the Kincora field assets, to refinance existing debt facilit...
Award of P2308 License
11/18/2016 - Hurricane is pleased to announce that it has been awarded the P2308 license ("Halifax") by the Oil and Gas Authority in an out of round application. The license is contiguous to, and extends north eas...
Woodside Completes Acquisition of Half of BHP's Scarborough Assets
11/15/2016 - In September 2016, Woodside entered into binding Sale and Purchase Agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The ...
Mitra Closes Acquisition Of Stag Oilfield
11/11/2016 - Mitra Energy Inc. (MTE) is pleased to announce that Jadestone Energy (Australia) Pty Ltd (“Jadestone”), a wholly owned subsidiary of Mitra, has closed the acquisition of the Stag Oilfield. ...
TAG Oil to Acquire Surat Basin Assets from Southern Cross
10/31/2016 - Oil and gas exploration and production company, TAG Oil Ltd. (TAG), is pleased to announce that its wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (Cypress), has entered into a definit...
Santos Announces Sale of Victorian Assets to Cooper Energy
10/24/2016 - Santos has announced the sale of its Victorian assets to Cooper Energy for cash consideration of up to A$82 million.The sale will result in Santos exiting from offshore Victoria. In March 2016, Santo...
Cue Energy Farms out North West Shelf Gas Prospet to BP
10/13/2016 - Cue Energy Resources has advised that its 100% owned subsidiary, Cue Exploration, has executed agreements with BP Developments Australia for BP, subject to government approval and completion of standa...
Carnarvon Wins Large New North West Shelf Permit - WA-524-P
9/20/2016 - Carnarvon Petroleum Limited (Carnarvon) has been awarded the WA-524-P permit which is situated on the flanks of the Dampier Sub-Basin, a part of the highly prospective Greater Carnarvon Basin, on West...
Armour Energy Completes Kincora Acquisition from Origin
9/2/2016 - Amour Energy Limited is pleased to announce that settlement has now been completed on the last of the tenements (exploration licence ATP647) of its Kincora Project as acquired from Origin under agreem...
Fugro Divests Asia Pacific Subsea Services Business
8/4/2016 - Fugro NV (Fugro) and Shelf Subsea Holdings UK Ltd (Shelf Subsea) announce today that they have signed an agreement under which Shelf Subsea will acquire the Fugro subsea services business in Asia Paci...
Key Petroleum Exercises Option to Acquire Interest in WA-481-P
7/29/2016 - Key Petroleum has exercised an option under a Cooperation Agreement with Pilot Energy to acquire a 40% interest in Exploration Permit WA-481-P, located in the offshore North Perth Basin, Western Austr...
Mitra to Acquire 100% Interest in Stag Oilfield
7/28/2016 - Mitra Energy Inc. (MTE) is pleased to announce that Mitra Energy (Australia) Pty Ltd (“Mitra Australia”), a wholly owned subsidiary of Mitra, as buyer, and Mitra, as guarantor, have signed a definitiv...
Assignment of Offshore Australia Permit
7/4/2016 - MEO Australia Ltd. has reached an agreement to assign its 50 percent interest in the WA-454-P exploration permit in the Bonaparte Gulf, offshore northern Australia to Origin Energy Resources Ltd. foll...
Carnarvon Petroleum Awarded New Oil Prone Acreage
5/30/2016 - Carnarvon Petroleum Limited (Carnarvon) has acquired 100% of WA-523-P and added another high quality asset to its growing portfolio of oil and gas exploration projects on Australia’s North West Shelf ...
WA DMP Approves Pilot Energy's Acquisition of EP437 Interest
4/20/2016 - Pilot Energy Ltd is pleased to advise that the West Australian Department of Mines & Petroleum has approved the transfer of title to the Company, pursuant to its agreement with Caracal Exploration Pty...
Beach to Exit BMG Fields Offshore Southeast Australia
4/15/2016 - Cooper Energy Limited advises that Beach Energy Limited (Beach) and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta ...
Carnarvon Secures NWS Exploration Acreage
4/6/2016 - Carnarvon Petroleum Limited (Carnarvon) has secured a 100% interest in a newly awarded offshore exploration permit, WA-521-P, located in the Roebuck Basin and positioned immediately adjacent to the Ph...
Elixir Still in Talks to Acquire AWE's Interest in Producing Perth Basin Cliff Head Field
3/16/2016 - Elixir Petroleum and AWE continue to work towards execution of an agreement for Elixir to acquire a 57.5% Working Interest in the producing Cliff Head oil field located in the Perth Basin, Western Aus...

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