Property Acquisitions & Divestitures News


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Enbridge to Buy Units for $7.1 Billion to Simplify Structure
Tuesday, September 18, 2018 Enbridge agreed to acquire the shares it doesn't already own in three North American units for about $7.1 billion.

CVR Seeks Bids for Oklahoma Tank Farm
Monday, September 17, 2018 CVR Refining, LP plans to sell its crude oil tank farm assets in the oil pricing hub of Cushing, Okla.

BP Buys 61 Percent Stake In Azerbaijan's Gobustan Onshore Project
Friday, September 14, 2018 BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA.

Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Friday, September 14, 2018 Venezuela gave China another stake in the OPEC member's oil industry and signed several other deals in the energy sector.

Total Joins Tullow-operated Block Offshore Guyana
Thursday, September 13, 2018 Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.

Petronas Eyes South Sudan Oil Blocks
Tuesday, September 11, 2018 Petronas is interested in developing oil blocks in South Sudan, President Salva Kiir's office says.

Norway Gets Bids From 38 Oil Firms In Licensing Round
Friday, September 07, 2018 A total of 38 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round.

Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.

Serica Agrees with BP to Extend Completion Timetable for BKR Transaction
Friday, September 07, 2018 Serica Energy agrees with BP to extend the completion timetable for the BKR transaction to early November.

EnQuest Launches $138MM Rights Issue To Buy All Of Magnus Oilfield
Friday, September 07, 2018 EnQuest, which already owns a quarter of the Magnus oilfield, launches a rights issue to help it buy the rest from BP.

Mexico Pesident-Elect Plans Oil Drilling Tenders, No New Mining Taxes
Thursday, September 06, 2018 Mexican President-elect Andres Manuel Lopez Obrador says his government will launch tenders for drilling oil wells from early December.

Delta Air Lines Seeks Buyers For A Stake In Its Refining Subsidiary
Thursday, September 06, 2018 Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary.

Flush with Cash, Majors Seek to Tap Africa's Vast Resources
Wednesday, September 05, 2018 Africa is entering the oil-hunt spotlight as drillers are turning their attention back to the continent's potentially vast resources.

Southwestern Energy Selling Fayetteville Shale for $1.865B
Tuesday, September 04, 2018 Southwestern Energy will be exiting Fayetteville shale through a sale of its business and related midstream assets.

Mexican Oil Auctions On Hold Until Review, Lopez Obrador Says
Friday, August 31, 2018 Mexican oil auctions are suspended until contracts already awarded over the past few years have been reviewed.

Par Pacific Shares Jump On Acquisition, Plans To Expand
Thursday, August 30, 2018 Par Pacific Holdings shares jumped after the refiner said it would acquire assets from its rival in Hawaii.

US Shale Producer Magnolia Eyes Tripling In Size
Wednesday, August 29, 2018 Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years.

Eni Acquires Leases on Alaska's Eastern North Slope
Wednesday, August 29, 2018 Eni acquires 124 exploration leases in the Eastern North Slope of Alaska from Caelus Alaska Exploration.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.

South African Watchdog Approves Glencore's Bid For Chevron Assets
Thursday, August 23, 2018 South Africa's competition watchdog approved Glencore's roughly $900 million bid for Chevron's local and Botswana assets.

United Oil & Gas Secures Two Offshore Blocks
Thursday, August 23, 2018 The company was awarded blocks 15/18d and 15/19b in the North Sea.

Saudi Aramco Shelves IPO for Sabic Stake
Thursday, August 23, 2018 Saudi Arabia has formally put the initial public offering of its giant oil company on hold while Aramco focuses on buying a strategic stake in Sabic.

US Energy Corp. to Acquire Bakken Assets for $17.8 Million
Wednesday, August 22, 2018 The company entered a MOU to create more opportunities for development and acreage swaps, so it can continue consolidating its leasehold position in the area.

US Offers 11 Million Barrels Of Oil For Sale From Strategic Reserve
Monday, August 20, 2018 The DOE is offering 11 million barrels of crude for sale from the nation's SPR ahead of sanctions on Iran.

Iran Tells EU to Speed Up Efforts to Save Nuclear Deal
Monday, August 20, 2018 Iran urged Europe to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that US President Donald Trump abandoned in May.

Sasol Mulls Refinery Sale Due to Cleaner Fuel Policy
Monday, August 20, 2018 Sasol is looking at options including the possible sale of a refinery due to the country's pending cleaner fuel standards.

Maersk to Pursue Separate Listing of Maersk Drilling
Friday, August 17, 2018 Maersk decides to pursue a separate listing of Maersk Drilling on Nasdaq Copenhagen A/S in 2019.

Reduced Royalty Rates Will Lead to Even Greater Increase in GOM Activity
Thursday, August 16, 2018 Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.

Oil Companies Make Few Bids In US Offshore Lease Auction
Wednesday, August 15, 2018 Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.

'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'

Neptune Energy to Acquire North Sea Interests from Apache
Monday, August 13, 2018 Neptune Energy Group agrees to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited.

Gulf Of Mexico Oil Lease Auction To Test Response To Trump-Era Regulations
Friday, August 10, 2018 A federal auction of exploration leases in the Gulf of Mexico next week will test energy companies' appetite for acreage.

Cenovus Agrees to Sell Pipestone Business for $625M
Friday, August 10, 2018 Cenovus Energy enters into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta.

RockRose to Acquire North Sea Arran Field Stake from Dana
Thursday, August 09, 2018 RockRose Energy agrees to acquire a 20.43% interest in blocks 23/11a, 23/16b and 23/16c from Dana Petroleum.

Kosmos Energy Expands into Gulf of Mexico with $1.23 bln DGE Buy
Monday, August 06, 2018 Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico.

ConocoPhillips to Sell Barnett Assets
Thursday, August 02, 2018 ConocoPhillips enters into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources.

Eni To Invest $1.8B In Offshore Mexican Oil Fields By 2040
Tuesday, July 31, 2018 Italian oil major expects to invest $1.795 billion in three offshore Mexican oil fields by 2040.

Aker BP to Acquire Total E&P Norge Interests in 11 NCS Licenses
Tuesday, July 31, 2018 Aker BP enters into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licenses on the Norwegian Continental Shelf.

Petrofac To Sell 49% Of Mexican Operations
Monday, July 30, 2018 Petrofac says it agreed to sell 49% of its operations in Mexico to Perenco (Oil & Gas) International Ltd.

BHP Agrees to Sell US Onshore Assets for $10.8B
Friday, July 27, 2018 BHP has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville onshore US oil and gas assets for a combined base consideration of $10.8 billion.

Chesapeake to Sell Utica Shale for $2B
Thursday, July 26, 2018 Chesapeake Energy Corp. agrees to sell its Utica Shale assets in Ohio.

South Sudan Terminates Petroleum License Talks With Total
Wednesday, July 25, 2018 South Sudan has called off talks with Total about developing two oil blocks, the petroleum ministry says.

Colombia Could Create New System For Oil Round Bidding Amid Delays
Tuesday, July 24, 2018 Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator says.

Canada 'Won't Rush' Trans Mountain Pipeline Sale
Friday, July 20, 2018 About a dozen parties interested in the Trans Mountain oil pipeline, but the Canadian government won't reach a deal to flip it before a marketing deadline.

BHP: Exit Process for Onshore US Assets Progressing to Plan
Wednesday, July 18, 2018 BHP says the exit process for its onshore US assets is 'progressing to plan'.

Italy's Enel Puts Wind, Solar Farms in Brazil on the Block -Report
Thursday, July 05, 2018 Italian energy firm Enel SpA has recently hired Rothschild & Co to sell two solar farms and a wind farm in northeastern Brazil, newspaper Valor Economico reported.

Chevron Selling UK Central N.Sea Assets 'Would Continue Trend of Majors'
Thursday, July 05, 2018 Chevron selling its assets in the UK Central North Sea would continue the trend of majors divesting non-core UK assets, according to Wood Mackenzie North Sea upstream research analyst Kevin Swann.

BP to Boost Stake in UK's 'Giant' Clair Field
Wednesday, July 04, 2018 BP is to increase its stake in its operated Clair field.

Chevron Initiates Process of 'Marketing' All UK Central North Sea Assets
Wednesday, July 04, 2018 Chevron has taken a decision to initiate the process of marketing all its UK Central North Sea assets, a company spokesperson has revealed.

Petrobras Suspends Asset Sales After Court Decision About Privatization
Tuesday, July 03, 2018 Petrobras suspends some asset sales after a Supreme Court decision ruled privatization processes must be approved by the nation's Congress.