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News Date
Africa leads upstream deals in last few weeks
There has been US$4.7 billion in M&A across 37 deals in disclosed upstream international deals so far in Q4, bringing the YTD total to $36.5 billion across 226 deals, down from the $50.5 billion and...
Nov 14, 2018
ID - People & Companies - November 14, 2018
BHP Billiton announced the retirement of Wayne Murdy as an independent non-executive director. Chevron’s current managing director of Australian operations, Nigel Hearne, has been...
Nov 14, 2018
Africa Oil & Delonex become oil producers in Petrobras deal
The acquisition of Petrobras’ 50% stake in Petrobras Oil & Gas BV (POGBV) not only marks a rare and significant expansion of Vitol’s upstream portfolio, but alsoaccomplishes significant portfolio...
Nov 14, 2018
Kosmos & Shell team up in West Africa exploration blocks
US-based international explorer Kosmos Energy made its debut in Namibia as part of a strategic alliance with Shell to jointly explore in southern West Africa. The partnership will initially focus on...
Nov 14, 2018
Tower regains Namibian offshore acreage relinquished in 2015
London-listed Tower Resources is returning to Namibia after a three-year hiatus, having signed an agreement with the government to take an operated 80% WI in three offshore exploration blocks: 1910A,...
Nov 14, 2018
Bass acquires 100% WI Indonesia’s North Madura PSC
Australia-based and Indonesia-focused producer Bass Oil entered into a heads of agreement to acquire a 100% WI in the North Madura PSC in the shallow waters north of Java. The PSC requires Bass to...
Nov 14, 2018
OMV sells in Tunisia and expands in Romania
In addition to acquiring half of Sapura Energy’s upstream subsidiary, OMV also recently divested a portion of its assets in Tunisia to Oslo-listed Panoro Energy, and recently expanded its position in...
Nov 14, 2018
Eni and Lukoil join forces for exploration offshore Mexico
ENI and Russia’s Lukoil inked a farm-out agreement for the transfer of interests in three shallow-water fields offshore Mexico. Given the close proximity of the blocks, the two companies aim to...
Nov 14, 2018
ExxonMobil buys stake in Argentine pipeline company
ExxonMobil struck a US$34 million deal to acquire a 21% stake in Argentine gas pipeline company Oleoductos del Valle (OldelVal) from Pampa Energia, with the latter retaining a 2.1% stake in the firm....
Nov 14, 2018
Petro Rio picks up Frade field stake off Brazil from Inpex
Brazil’s Petro Rio is acquiring a non-op 18.26% WI in the offshore Frade oil and gas field from Japan’s Inpex. The Chevron-operated concession is located in the northern Campos Basin 370 km off the...
Nov 14, 2018

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