Property Acquisitions & Divestitures News


Results 50 articles shown

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.

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.

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

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.

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'.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Bolsonaro Seeks $30B Brazil Oil Boon
Friday, November 23, 2018 President-elect Jair Bolsonaro is pursuing the sale of Brazil's deep-sea treasure-trove of oil.

Amerisur Signs Farm Out Deal with Occidental
Friday, November 23, 2018 Amerisur Resources enters into a farm out agreement with Occidental Andina across several exploration blocks.

Heerema to Sell Yards and Cut Staff
Tuesday, November 20, 2018 HFG contends 'the risks associated with building topsides are high and clients are not prepared to pay for this risk.'

Ineos In Talks with ConocoPhillips
Monday, November 19, 2018 Ineos confirms it is in talks with ConocoPhillips after a spokesperson for the U.S. headquartered independent confirmed last week that the company is marketing its UK assets.

ConocoPhillips Marketing UK Assets
Friday, November 16, 2018 ConocoPhillips is marketing its UK assets after receiving an unsolicited offer.

Strong Interest in Latest UK Licensing Round
Wednesday, November 14, 2018 The UK's latest offshore licensing round has attracted 36 applications covering 164 blocks.

Pioneer Sells Pressure Pumping Assets to Midland Company
Tuesday, November 13, 2018 Pioneer Natural Resources is selling the assets to Midland, TX-based oilfield services company ProPetro for $400MM.

Anadarko to Sell Delaware and DJ Midstream Assets
Thursday, November 08, 2018 Under the $4.015 billion deal, Anadarko will receive $2.0075 billion in cash and the balance in new Western Gas equity.

Croatia Launches Second Onshore License Round
Wednesday, November 07, 2018 Croatia launches its second onshore licensing round.

Vantage Buys Williston Assets in $1.65B Deal
Wednesday, November 07, 2018 Vantage Energy Acquisition Corporation purchases Williston Basin assets from QEP for $1.65 billion.

ExxonMobil's Wood Says Size Doesn't Matter in M&A Deals
Tuesday, November 06, 2018 The world's biggest public energy company doesn't worry about size when it comes to potential deal-making.

Eni and Lukoil Form Offshore Mexico JVs
Tuesday, November 06, 2018 Eni and Lukoil have signed a farm-out deal to transfer participating interests in three shallow-water exploration licenses offshore Mexico, Eni reported.

Serica Boosts Stake in North Sea Assets
Tuesday, November 06, 2018 Serica UK signs a deal to buy additional interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea.

SandRidge Sells Permian Assets; Buys Mid-Con Assets
Monday, November 05, 2018 SandRidge Energy divests Permian assets and picks up assets in the Mid-Continent Basin.

Israel Launches 2nd Offshore Bid Round
Monday, November 05, 2018 Israel announces the launch of its 2nd offshore bid round.

Kuwait Megaproject Hits Utility Milestone
Friday, November 02, 2018 KNPC is retiring existing processing facilities at its Shuaiba refinery and upgrading and expanding its Mina Al Ahmadi and Mina Abdullah refineries.

ConocoPhillips Departs Barnett
Thursday, November 01, 2018 ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.

BP Completes $10.5B BHP Deal
Thursday, November 01, 2018 BP completes its $10.5 billion acquisition of BHP's U.S. unconventional assets.

McDermott to Sell Storage Tank and Pipe Businesses
Wednesday, October 31, 2018 McDermott plans to divest its storage tank business and US pipe fabrication business for more than $1 billion.

Chesapeake Buys WildHorse for Almost $4B
Tuesday, October 30, 2018 Oklahoma-based Chesapeake Energy will acquire WildHorse, which operates in the Eagle Ford and Austin Chalk. (Pictured: Chesapeake's CEO Doug Lawler)

Australian Firm Takes 1st Step in North Sea Push
Friday, October 26, 2018 Talon Petroleum Limited enters into an agreement with Corallian Energy Limited to earn a 10% stake in License P2396.

Mega Deals Push M&A Value to $122.8B in 3Q
Thursday, October 25, 2018 PwC's quarterly report shows that the third quarter's deal value is the highest in four years.

Aramco Signals Chemical Ambitions Beyond Sabic Deal
Wednesday, October 24, 2018 Saudi Aramco's CEO says he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a strategic stake in Sabic.

Weatherford Sells Laboratory Business for $205MM
Wednesday, October 24, 2018 Weatherford is divesting its laboratory and geological analysis business to increase shareholder value.

Petronas Buys into Khazzan Field
Monday, October 22, 2018 Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.

Jacobs Sells Energy Segment for $3.3B
Monday, October 22, 2018 Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.

Petrofac Sells 49 Percent of Mexico Operations
Friday, October 19, 2018 Petrofac completes the sale of 49% of its operations in Mexico to Perenco (Oil & Gas) International Limited.

Earthstone Gains Midland Basin Assets for $950MM
Thursday, October 18, 2018 Earthstone signs two deals to acquire assets in the northern Midland Basin for $950 million in cash and stock.

Equinor Sells Tommeliten Discovery Stake
Thursday, October 18, 2018 Equinor signs an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million.