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Acquisitions and Divestitures News

Sonangol to Acquire Cobalt’s Angola Blocks for $1.75 Billion
Sonangol to Acquire Cobalt’s Angola Blocks for $1.75 Billion Angola >> 8/24/2015 - The Angolan National Concessionaire Sociedade Nacional de Combustiveis de Angola – Empresa Publica (Sonangol) and Cobalt International Energy, Inc. (Cobalt) have signed a Sale and Purchase Agreement f...
Russia's Novatek to Sell 10% in Yamal LNG to Chinese Fund
Russia >> 8/24/2015 - Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant...
ENOC to Acquire Remaining Dragon Oil Shares
United Arab Emirates >> 8/21/2015 - On 1 July 2015, the document containing (among other things) the full terms of and conditions to the Offer and the procedures for acceptance (the "Offer Document") was posted by ENOC to Dragon Oil Sha...
Rosneft Closes the Transaction for the Acquisition of a Russian Oilfield Service Company
Russia >> 8/20/2015 - A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. closed the transaction, pursuant to which a Rosneft subsidiary acquires a 100% participation interest in Trican Well Service...
Lukoil Closes Deal on Selling Its Share in Caspian Investments Resources Ltd
Russia >> 8/20/2015 - PJSC LUKOIL closed a deal to sell its 50% share in Caspian Investments Resources Ltd. to China-based Sinopec. The required permits from the state authorities of the Republic of Kazakhstan were acquire...
Aurora Energy Offered Block in 14th Onshore Licensing Round Awards
United Kingdom >> 8/19/2015 - Aurora Energy Resources Limited (AER) has been advised it will be offered a block in the first tranche of the 14th Landward Licensing Round. The block is located in the vicinity of Blackburn, Lancash...
Gulf of Mexico Lease Sale Yields $22.7m in High Bids on 190,080 Acres
United States >> 8/19/2015 - The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) held an oil and gas lease sale for the Western Gulf of Mexico that drew $22,675,212 in high bids for tracts on the U.S. Outer ...
CNOOC Signs PSCs with ROC
China >> 8/19/2015 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07...
Hutton Expands Its Position in the UK Onshore Licensing Round
United Kingdom >> 8/18/2015 - Hutton Energy Ltd has been offered three licenses in the first tranche in the UK 14th Onshore Licensing Round. These licenses are an addition to Hutton’s existing licenses in the East Midlands bringin...
IGas Offered New Blocks in 14th Onshore Licensing Round
United Kingdom >> 8/18/2015 - IGas, one of the leading producers of hydrocarbons onshore in Britain, is pleased to announce that the Company has been offered a total of 6 new licences, covering 7 blocks, in the first group of lice...
Egdon to Offer Blocks in the 14th Onshore Oil and Gas Licensing Round
United Kingdom >> 8/18/2015 - Egdon Resources plc notes that the Oil and Gas Authority (“OGA”) has announced the blocks to be offered in the first tranche of the 14th Onshore Oil and Gas Licensing Round, which closed on 28th Octob...
MX Oil Provides an Update with Regards to the on-Going Bid Round 1
Mexico >> 8/18/2015 - MX Oil plc is pleased to announce an update on the progress it is making in Mexico together with its partner Geo Estratos ("Geo") with regards to the on-going Bid Round 1 Licensing round and its effor...
Cuadrilla Offered New Onshore Oil & Gas Licences in Yorkshire
United Kingdom >> 8/18/2015 - Cuadrilla is pleased to announce it has been offered two new exploration licences, as part of the UK Government’s 14th Round for onshore oil and gas licences. The licences, each one approximately 100k...
Rosneft Filed the Registration of the 13th License Round in Brazil
Brazil >> 8/17/2015 - RN-Brasil, Rosneft subsidiary, registered as a participant in the 13th license round organized by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil). The registration is subjec...
Accenture to Acquire Schlumberger Business Consulting (SBC)
United States >> 8/17/2015 - Accenture (ACN) has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger, a global leader in oilfield services. The acquisition w...
Peru in Talks with Omega Energy and Two Other Firms on Oil Block
Peru >> 8/17/2015 - Peru is in talks with Omega Energy International and two other companies interested in operating the country's biggest oil block after a contract for the field failed to draw any bids last month, the ...
NNPC to Review Production-Sharing Contracts, Joint Ventures
Nigeria >> 8/16/2015 - The new head of the Nigerian National Petroleum Corp (NNPC) said he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the...
Primeline Completes Acquisition of Primeline Petroleum Corporation
China >> 8/14/2015 - Primeline Energy Holdings Inc. announced that, following receipt of disinterested shareholder approval at its Extraordinary General Meeting held on July 30, 2015, it has now completed the acquisition ...
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
Russia >> 8/14/2015 - A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareh...
Galicia Reaches in Principle Agreement to Sell Ukraine License
Ukraine >> 8/13/2015 - Galicia Energy Corporation Limited (GAL) announces that it has reached in principle agreement to the sale of Zinest Holdings, the holding company of its Ukraine oil and gas asset. The sale will enabl...

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