Acquisitions and Divestitures News in Australia

Beach Energy Agrees to Sell 40% of its Victorian Otway Interests to Eyal Ofer’s O.G. Energy
10/5/2018 - Beach Energy Limited and Eyal Ofer’s O.G. Energy Holdings Ltd., a member of the Ofer Global group of companies, announce that they have entered into a binding agreement whereby O.G Energy will acquire...
Jadestone Energy Announces Completion of Montara Acquisition
9/28/2018 - Jadestone Energy Inc. has completed its acquisition of the Montara oil project (“Montara”), offshore Australia. ...
Queensland Fires up for Gas Supply Challenge
9/26/2018 - Natural Resources, Mines and Energy Minister Dr Anthony Lynham announced four companies which will soon start exploring more than 6600 square kilometres for more gas for local use, as well as export d...
Buru Energy Completes Sale of 50% of Ungani Oil Field to Roc Oil
9/26/2018 - On 21 May 2018, Buru Energy completed a transaction to sell 50% of the Ungani oilfield (production licences L20 and L21) to Roc Oil (Canning) Pty Limited. Roc Oil is an oil focused, wholly owned subsi...
PTTEP Sold Its Stake in Montara Field
7/16/2018 - As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in...
Polarcus Divests Capreolus Multi-client Asset
6/29/2018 - Polarcus Limited announces that a subsidiary of the Company has signed an agreement for the sale of its 22,130 sq.km. Capreolus 3D survey offshore Australia in return for a cash consideration of USD 6...
Whitebark Takes Control of Warro
6/26/2018 - Whitebark Energy (WBE) is pleased to announce the return to full ownership of the Warro Gas Discovery, 200km North East of Perth. ...
Beach Completes Acquisition of Toyota Tsusho’s 5% in Otway Project & 11.25% in BassGas Project
6/26/2018 - Beach Energy Limited (BPT, “Beach”) is pleased to advise that it has completed the transaction with Toyota Tsusho Corporation and related parties (“Toyota Tsusho”) as announced on 21 December 2017. ...
Grant of Cooper Basin ATP2020 & ATP2021 by Queensland Government
5/29/2018 - Metgasco Ltd (Metgasco) is pleased to advise that the Company has been notified by the Queensland Government of its grant of Authority to Prospect (ATP) No. 2021 (ATP 2021) and ATP No. 2020 (ATP 2020)...
Santos Receives Revised Harbour Energy Proposal
5/21/2018 - Santos advises that on 21 May 2018 it received a revised binding, conditional proposal from Harbour Energy Australia Pty Ltd (Harbour) to acquire 100% of Santos shares by way of a scheme of arrangemen...
Minerva Gas Plant acquisition
5/1/2018 - Cooper Energy (COE) announces that it, together with AWE Limited and Mitsui E&P Australia Pty Ltd, has signed an agreement with BHP Billiton Petroleum (Victoria) Pty Ltd (BHP) for the acquisition of B...
Cue Energy Secures Extension of the WA-359-P Permit
4/17/2018 - Cue Energy Resources Ltd is pleased to advise that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Austr...
Senex Energy Transfers Free-carry to Western Flank Oil Assets
4/16/2018 - Senex Energy has announced that it and Beach Energy have reached agreement to transfer up to $43 million free-carry commitment on the joint venture’s unconventional gas project to the Senex operated C...
Santos Expands Acreage Position around Arcadia
4/6/2018 - The Queensland Government announced that Santos, along with our GLNG JV partners and APLNG, are the successful bidders for the 86km² PRL2016/17-1A block, located directly west of our Arcadia gas field...
Advent Energy Awarded Licence Extension for EP386 in Northern Western Australia
4/3/2018 - MEC Resources has provided an update on the EP386 exploration permit in northern Western Australia. The Company’s investee Advent Energy holds a 100% interest in EP386 through wholly owned subsidiary ...
Woodside Completes Scarborough Acquisition
3/29/2018 - Woodside advises that the acquisition of ExxonMobil’s interest in the Scarborough gas field has been completed. The effective date of the transaction is 1 January 2018. ...
Senex Granted Petroleum Lease for Project Atlas
3/29/2018 - Senex Energy has been granted a Petroleum Lease and preliminary environmental approvals from the Queensland Government to develop Project Atlas for domestic gas supply. ...
INPEX Awarded Exploration Block WA-533-P Offshore Western Australia
3/19/2018 - INPEX CORPORATION was individually awarded an exploration permit for Release Area WA-533-P (the Block) as Operator in Australia’s 2017 Offshore Petroleum Exploration Acreage Release. INPEX Browse will...
Woodside to Raise $2.5B to Fund Scarborough Acquisition Projects
2/14/2018 - Woodside Petroleum said it would raise A$2.5 billion ($1.96 billion) from shareholders to fund the purchase of ExxonMobil Corp’s stake in the Scarborough gas field and fund developments in Australia a...
Carnarvon Petroleum Awarded New Permit on Western Australia’s North West Shelf
2/12/2018 - Carnarvon Petroleum has informed shareholders that it has been awarded the AC/P63 permit within the Southern Vulcan Sub-basin, on Western Australia’s North West Shelf which will be known as the Eagle ...

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