Property Acquisitions & Divestitures News


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Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

Equinor May be Mulling Eagle Ford Sale
Monday, March 18, 2019 Norway's biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business.

Gulf of Mexico Lease Sale Set for August
Wednesday, March 13, 2019 Lease Sale 253 will be the fifth of 10 offshore lease sales under BOEM's 2017-2022 OCS leasing program.

Marathon Oil Opts for Overlooked Acreage Outside of Permian
Tuesday, March 12, 2019 The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk.

Total Buys 10 Percent Stake in Arctic LNG 2
Tuesday, March 05, 2019 Total signs definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2.

Israel Woos Energy Majors
Monday, March 04, 2019 Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to finally drill off the nation's Mediterranean coast.

US to Sell up to 6MM Barrels from Petroleum Reserve
Friday, March 01, 2019 The U.S. Department of Energy's Office of Fossil Energy plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve.

Inpex Enters US Tight Oil Business
Friday, March 01, 2019 Inpex Americas reaches an agreement with GulfTex Energy to acquire 'multiple development and production assets' in the Eagle Ford play in Texas.

RockRose to Buy Marathon Oil's UK Business
Tuesday, February 26, 2019 RockRose signs an agreement to acquire 100 percent of Marathon Oil U.K. and Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.

Gas Push Marks Strategy Shift for Aramco
Tuesday, February 26, 2019 Saudi Aramco is eyeing gas projects in Russia, Australia, the US and Africa.

Total Declines Comment on Reported Dutch Sale Cancellation
Friday, February 22, 2019 A Total SA spokeswoman has declined to comment on the reported cancellation of the sale of mature natural gas fields in the Dutch North Sea.

Ophir Adviser Joins Efforts to Disrupt Takeover
Thursday, February 21, 2019 One of Ophir Energy's earliest investors is adding to pressure the exploration company is facing over a takeover plan.

Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets
Wednesday, February 20, 2019 In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.

Targa to Sell Interest in Bakken Assets for $1.6B
Tuesday, February 19, 2019 U.S. pipeline company Targa Resources Corp. has entered into a definitive agreement to sell its assets in the Bakken for $1.6 billion.

PTTEP Boosts Stake in Sinphuhorm Project
Friday, February 15, 2019 PTTEP SP Limited has signed an agreement to acquire a 33.8% stake in APICO LLC.

Eni Bags Two Exploration Blocks Onshore Egypt
Friday, February 15, 2019 Eni is being granted two onshore blocks further strengthening its position in Egypt.

Harvest Oil & Gas Sells San Juan Basin Assets
Thursday, February 14, 2019 US independent Harvest Oil & Gas is exiting the San Juan Basin, just months after emerging from bankruptcy.

BOEM Plans Gulf of Mexico Lease Sale in March
Wednesday, February 13, 2019 The Bureau of Ocean Energy Management is holding an oil and gas lease sale including all available unleased areas in the federal waters of the Gulf of Mexico.

Egypt to Draw More Oil and Gas Investors
Monday, February 11, 2019 Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment.

US Firm Wins UAE Onshore Concession
Monday, February 04, 2019 Occidental's Vicki Hollub and ADNOC's Sultan Ahmed Al Jaber at the signing ceremony. PHOTO SOURCE: ADNOC

Chevron to Buy Gulf Coast Refinery
Thursday, January 31, 2019 Chevron to add Texas refinery in $350 million deal.

Hillcrest and Xstate Form Strategic Alliance
Wednesday, January 30, 2019 Hillcrest Petroleum signs an MOU with Xstate Resources to jointly pursue oil and gas acquisitions in Canada and onshore US.

Hatch and Ridgemont Seek Permian Assets
Tuesday, January 29, 2019 Newly formed E&P company's management team has acquired approximately $4 billion in assets in past three years.

Ensco and Rowan Amend Merger Agreement
Tuesday, January 29, 2019 The two offshore drillers have amended their agreement to include increased acquisitions.

Lundin Takes Bigger Stake in NCS Assets
Monday, January 28, 2019 Lundin Norway enters into an agreement with Lime Petroleum to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.

Eni Bags Stake in World's 4th Biggest Refinery
Monday, January 28, 2019 After months of courting oil officials in Abu Dhabi, Claudio Descalzi got his prize; a stake in the world's 4th-largest oil processing plant.

Aramco's $1.6B Hyundai Oilbank Deal Deepens Asian Refining Ties
Monday, January 28, 2019 Saudi Arabian Oil Co. is taking a nearly 20% stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion.

Sand Hill Awarded 3 Hungary Concessions
Thursday, January 24, 2019 Sand Hill Petroleum's wholly owned Hungarian subsidiary, O&GD Central Kft, has been awarded 3 hydrocarbon concessions in Hungary.

Genel Buys Stakes in Chevron KRI Blocks
Tuesday, January 22, 2019 Genel Energy reaches an agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks.

Mexican Driller Latina Is Said to Bid for Pemex Contract
Thursday, January 17, 2019 Latina Offshore is working along with one of the consortia invited by Pemex to submit offers for oil-services contracts, according to sources.

Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.

Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

No Firm Decision on Chevron Asset Bid for Premier
Monday, January 14, 2019 Premier Oil says no firm decision has been taken to bid for 'all or any of the assets currently being marketed by Chevron'.

Eni Secures Two Deals for Oman Blocks
Monday, January 14, 2019 Eni on Monday announced it had entered into agreements with BP and Oman Oil Company Exploration and Production for two blocks in Oman.

Equinor Buys Chevron's Rosebank Stake
Friday, January 11, 2019 Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.

Equinor Wraps Up $470MM NCS Sales
Friday, January 04, 2019 Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.

New Petrobras CEO Rejects Government Intervention
Friday, January 04, 2019 The new head of Brazil's state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit.

Eni to Operate Alaska Oil Field
Thursday, January 03, 2019 Eni strikes a deal with Caelus Natural Resources Alaska LLC to acquire 70% and operatorship of the Oooguruk oil field.

Sempra Energy Sells US Natural Gas Storage Facilities
Thursday, January 03, 2019 The San Diego-based energy services company is selling assets in Mississippi and Alabama to ArcLight Capital Partners for $332 million.

US Gulf of Mexico On Track for Historic 2019
Thursday, December 20, 2018 Activity booms, first-ever production and key sanctions are some of the factors leading to a grand year for the US Gulf of Mexico, analysts say.

Weatherford Sells Data Logging Business to Pay Debt
Monday, December 17, 2018 This is one of a series of planned divestitures by the oilfield services company that was recently warned of delisting by the NYSE.

Total to Sell Part of Ichthys LNG Stake for $1.6B
Thursday, December 13, 2018 Total signs an agreement to divest a 4% interest in the Ichthys LNG project in Australia.

Premier Oil Eyes Bid for Chevron's North Sea Assets
Thursday, December 13, 2018 Premier Oil is considering a bid for a package of North Sea oil and gas assets put on the block by Chevron.

Mexico Cancels Two Oil and Gas Auctions
Wednesday, December 12, 2018 The Mexican government canceled February bidding on two oil and gas auctions, including one which offered blocks targeting shale resources.

EnQuest Boosts Magnus Stake to 100%
Monday, December 03, 2018 EnQuest completes the acquisition of a 75% interest in the North Sea Magnus oil field from BP.

Shell Completes Sales Worth up to Almost $2B
Friday, November 30, 2018 Shell has wrapped up sales deals worth up to $1.827 billion.

Petrobras Sells Rights in 37 Oilfields for $823MM
Wednesday, November 28, 2018 Brazil's state-controlled oil company is selling its stakes in dozens of oilfields for $823 million.

Williams Seeks Buyers for Stake in Wyoming Pipeline
Wednesday, November 28, 2018 Williams Cos. is seeking buyers for its stake in Jackalope Gas Gathering Services.

Louisiana Port Developers Acquire Site
Tuesday, November 27, 2018 The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels.