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News Date
Exxon pays US$1.2 billion for blocks in Brazil bidding round
With Brazil’s economic condition slightly improved from the previous round, ExxonMobil expanded its Brazilian position after winning rights to develop 10 deepwater blocks offshore Brazil in the...
Oct 05, 2017
Beach acquires Origin’s Lattice Energy for US$1.25 billion
Australia’s Beach Energy has doubled its production, tripled its reserves and boosted its exposure to the eastern Australia energy market through the A$1.59 billion (US$1.25 billion) acquisition of...
Oct 05, 2017
Maersk sells tanker business to APMH for US$1.2 billion
In the second part of a four-part split of its energy business, Danish conglomerate AP Moller Maersk is selling its oil tanker business for US$1.17 billion in cash to AP Moller Holding, APMH will...
Oct 05, 2017
Pemex to partner with DEA & Cherion after latest tender
In Mexico's latest oil auction since energy reform was passed in late 2013, Germany's DEA Deutsche Erdoel and Egypt's Cherion Holdings won rights to partner with state-run Pemex on two onshore blocks...
Oct 05, 2017
Chevron taps midstream & downstream exec. as new CEO
As expected, Chevron elected Michael K. Wirth as chairman and CEO with an effective date of Feb. 1, 2018. Currently vice chairman of the board and EVP of Midstream and Development, Wirth succeeds...
Oct 05, 2017
PentaNova farms out Colombia interest to AOG
TSX-listed PentaNova Energy plans to farm-out half of its 80% WI in the Sinu- 9 block in the Cordoba Province in the Lower Magdalena Valley of Colombia to American Oil and Gas. Per the LOI, AOG will...
Oct 05, 2017
Shell cancels US$900MM sale of Thai gas field to Kufpec
Shell cancelled the planned US$900 million sale of the Bongkot gas field offshore Thailand to Kuwait’s KUFPEC announced in January. Kufpec had planned to acquire Shell’s 22.2% WI in the Bongkot...
Oct 05, 2017
Petrobras adds 5 sets of onshore fields to asset sales drive
In the latest installment of its US$21 billion divestment, Petrobras is marketing five sets of onshore fields comprising 19 concessions located in Ceara, Rio Grande do Norte and Sergipe states. The...
Oct 05, 2017
CNOOC on the hunt for JV partners in Mexico’s GOM
China’s CNOOC Ltd. is reportedly seeking JV partners to help finance the development of two Gulf of Mexico deepwater blocks it was awarded in Mexico’s first deepwater auction last year. The blocks,...
Oct 05, 2017
International M&A rises by $20 billion in Q3
International upstream M&A recovered from the 68% drop-off in deals seen from Q1 to Q2, with $25.7 billion in total disclosed global deal values (i.e., excluding the US and Canada) in Q3, up markedly...
Oct 05, 2017

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