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News Date
Petrobras & Murphy complete formation of Gulf of Mexico JV
Petrobras and Murphy Oil sealed a JV to explore for oil and gas in the Gulf of Mexico. The Brazilian NOC holds a 20% stake in the partnership and Murphy has an operated 80%. The deal reduces...
Dec 05, 2018
Strata-X adds new license to operated Serowe CSG project
Australia-listed Strata-X Energy Ltd. acquired a new prospecting license for its 100%-owned Serowe coal-seam gas project covering 47,400 acres. The new license adjoins those already held by Strata-X...
Dec 05, 2018
Murphy reportedly in talks to divest Malaysia portfolio
US-based Murphy Oil is reportedly in discussions to sell its upstream portfolio in Malaysia after receiving an unsolicited bid that could value the assets at US$2-$3 billion. Reuters cited sources as...
Dec 05, 2018
Tullow joins Discover in exploration blocks offshore East Africa
London-listed Tullow Oil is acquiring a 35% WI in three blocks offshore East Africa in the Comoros within the Indian Ocean from private equity-backed Discover Exploration. Discoverseparately signed a...
Dec 05, 2018
Conoco confirms talks to sell UK assets to Ineos
ConocoPhillips confirmed that it is in talks with chemicals giant Ineos for the sale of its UK portfolio, excluding the Teesside oil terminal and commercial trading operations based in London....
Dec 05, 2018
Dea expands Mexico portfolio through acquisition of Sierra
In the largest upstream M&A transaction in Mexico since energy reform was passed in 2013, Dea Deutsche Erdoel is acquiring private equity-backed Mexican independent Sierra Oil and Gas. Dea will pick...
Dec 05, 2018
GeoPark buys out partner LG in Colombia & Chile for $111MM
Latin America-focused GeoPark Ltd. is acquiring South Korea-based LG International Corp.’s interest in its Colombian and Chilean operations for $111 million. The two companies have been partners for...
Dec 05, 2018
Occidental farms into Colombia blocks in deal with Amerisur
London-listed and South America-focused Amerisur Resources is farming out a non-op 50% WI in four onshore blocks in southern Colombia to US-based Occidental Petroleum for US$93.25 million. Located in...
Dec 05, 2018
President Energy acquires two concessions in Argentina
London-listed President Energy struck a US$9.9 million deal to acquire an operated 90% WI in two concessions in Argentina from Rio Negro province. The Las Bases and Puesto Prado concessions each have...
Dec 05, 2018
Total completes Orinduik farm-in offshore Guyana
Total completed its US$12.5 million acquisition of a non-op 25% WI in the Orinduik block offshore Guyana from Eco (Atlantic) Oil & Gas. The move comes as part of a September 2017 agreement...
Dec 05, 2018

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