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Acquisitions and Divestitures News

Eni Signs Agreement for New Exploration Block
Eni Signs Agreement for New Exploration Block Egypt >> 1/9/2015 - Eni signed a new Concession Agreement to operate in the South-West Melehia block in the Western Desert of Egypt, following the Egyptian General Petroleum Corporation (EGPC) 2013 international competit...
Global Provides Termination of Farm-out Agreements for Bolivar and Bocachico Association Areas
Colombia >> 1/8/2015 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, announces that the Company has been informed that the wh...
Proposed Sale of the Galaz Contract Area
Kazakhstan >> 1/8/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of the Galaz Contract Area in which it holds an interest of 34.22 per cent. ...
Tethys Extends Akkulka Exploration Contract by 4 Years
Kazakhstan >> 1/6/2015 - Tethys Petroleum Limited announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP ("TAG"), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the A...
Strategic Review and SinoHan Transaction Update
Kazakhstan >> 1/5/2015 - Tethys Petroleum Limited provides further details of the previously-announced strategic review, and a SinoHan Oil and Gas Investment Number 6 B.V. (SinoHan) transaction update, to shareholders. ...
Eco Atlantic Farms out Licenses Offshore Namibia
Namibia >> 1/5/2015 - Eco (Atlantic) Oil & Gas Ltd. (Eco Atlantic) is pleased to announce that the Company has taken strategic actions to decrease its near to mid-term financial obligations by farming out part of its offsh...
Rockhopper Awarded 40% WI in Offshore Block 9 in Croatia
Croatia (Hrvatska) >> 1/5/2015 - Further to the Company's Mediterranean Operational Update announcement of 12 December 2014, Rockhopper Exploration plc has been awarded a 40% interest in offshore Block 9 in Croatia in partnership wit...
Cameron Sells Centrifugal Compression Business for $850m
United States >> 1/5/2015 - Cameron has completed the previously announced sale of its Centrifugal Compression business to Ingersoll Rand for cash consideration of approximately $850 million and after-tax proceeds of approximate...
Expiry of Tendrara Option Agreement
Morocco >> 1/2/2015 - Further to the announcement of 10 December 2014, the board of Fastnet has elected not to exercise the option to farm into the Tendrara Lakbir Licence onshore Morocco. The option expired on 31 December...
1st European Company Inks Deal to Explore Oil, Gas in Iran
Iran >> 12/31/2014 - National Iranian Oil Company announced signing of an agreement with a European company to start the new oil and gas discoveries in Iran’s Salt Domes. ...
Gazprom Purchasing 50% of Total Shares in South Stream Transport
Russia >> 12/29/2014 - Eni entered into an agreement for the sale of its 20% stake in South Stream Transport B.V. to Gazprom. ...
REG Closes Acquisition of Stake in Petrotec’s AG Biodiesel
Germany >> 12/29/2014 - Renewable Energy Group, Inc.announced that its wholly-owned subsidiary has completed the acquisition of IC Green Energy’s (ICG) majority equity ownership position in German biodiesel producer Petrotec...
Kawasaki to Acquire Shares in MES Yura
Japan >> 12/25/2014 - Kawasaki Heavy Industries, Ltd. announced today its decision to acquire a 40% share in MES Yura Inc., a wholly-owned subsidiary of Mitsui Engineering & Shipbuilding Co., Ltd. (MES), as of April 1, 201...
Hardy Relinquish Exploration Licence in India
India >> 12/24/2014 - Hardy Oil and Gas plc, the oil and gas exploration and production company focused in India announces that on 23 December 2014 the Company consented to the relinquishment of the KG-DWN-2003/1 (D3) expl...
Tunisia Portfolio Divestment Update
Tunisia >> 12/24/2014 - Cooper Energy Limited provides the following progress report on the divestment of its Tunisian portfolio. ...
Chariot Update on Morocco Farm-Out
Morocco >> 12/24/2014 - Farm-out of 25% interest in Rabat Deep Offshore (Morocco) to Woodside approved, majority of funds received ...
Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Russia >> 12/23/2014 - Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the cha...
African Petroleum Signs Term Sheet for Liberian Licence LB-08
Liberia >> 12/23/2014 - African Petroleum Corporation has signed a non-binding term sheet agreeing terms with a private London based independent oil and gas company to farm-in to the Company’s 100% owned Liberian LB-08 licen...
Bowleven Provides Etinde Permit Update
Cameroon >> 12/23/2014 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that the Etinde farm-out transaction with LUKOIL/NewAge is at the final stage of completion. Following ...
Touchstone Signs East Brighton Exploration License
Trinidad and Tobago >> 12/22/2014 - Touchstone Exploration Inc. has signed an Exploration and Production License for the East Brighton Block in the Republic of Trinidad and Tobago. The License is for an initial six year term, with the o...

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