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Acquisitions and Divestitures News

CNOOC Signs PSCs with KUFPEC
China >> 12/10/2014 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (“CNOOC”), has signed three production sharing contracts (PSCs) with KUFPEC (China) Inc. (“KUFPEC”) for Blocks ...
Statoil Adds Permits to New Zealand Portfolio
New Zealand >> 12/9/2014 - Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio. ...
ERHC Energy Retains Deloitte Corporate Finance LLC
Chad >> 12/9/2014 - ERHC Energy Inc has retained the services of Deloitte Corporate Finance LLC (DCF) to advise on the Company's oil assets in the Republics of Chad and Kenya. ...
BG Group Agrees Sale of Australian Pipeline for US$5 Billion
Australia >> 12/9/2014 - BG Group plc, a world leader in exploration and LNG, announced it has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group, Australia's largest gas infrastructure business, f...
Transfield Inks Deal with Wooside for NWS Offshore Facilities
Australia >> 12/5/2014 - Transfield Services (Australia) Pty Ltd. reported Thursday that it has signed a master services agreement with Woodside Petroleum Ltd. to provide multidiscipline implementation services at the Woodsid...
Global Energy Completed Llanos Basin Properties Sale
Colombia >> 12/5/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, is pleased to announce the completion of the sale of its...
Continued Interest & Activity in Permit EP478
Australia >> 12/5/2014 - The Directors of Mosman Oil and Gas Limited announce that the Joint Venture parties in the Canning Basin permit EP478 in WA, Australia recently approved a Joint Venture Agreement amendment to accommod...
MEO Completes Negotiations for Cuba “Block 9” PSC
Cuba >> 12/4/2014 - MEO Australia Limited has completed negotiations for 100% participating interest in a Production Sharing Contract (“PSC”) in the Republic of Cuba (“Cuba”). ...
Delek Group Buying Shares in Foreign Energy Companies
Israel >> 12/3/2014 - Delek Group has announced that as part of its strategy to focus on the energy field, with a special emphasis on identifying new international opportunities, it has recently started to make purchases o...
Disposal of Litwin Service Business
United Arab Emirates >> 12/2/2014 - Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces that it has entered into an agreement for the sale of one of it...
RAK Petroleum Increases Côte D'Ivoire Stake, Updates Operations
Ivory Coast (Cote D'Ivoire) >> 12/2/2014 - RAK Petroleum plc, the Oslo-listed oil and gas investment company, increased its stake in Côte d'Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other memb...
OXY Completes Spin-off of California Resources Corporation
United States >> 12/1/2014 - Occidental Petroleum Corporation announced it has completed the spin-off of its subsidiary California Resources Corporation . California Resources, which begins “regular way” trading on the New York S...
Derby Block Update & Backreef Oil
Australia >> 12/1/2014 - The Directors of Oil Basins Limited (OBL or the Company, ASX code OBL) wish to make the following ASX announcement to update shareholders and investors on matters pertaining to WA Petroleum Exploratio...
Van Oord will Acquire Activities of Ballast Nedam Offshore
United Kingdom >> 11/28/2014 - Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, ...
Jupiter's Application to Extend the Trial Production Licence for J-50 is Being Held
Kazakhstan >> 11/28/2014 - Applications for the extension of Trial Production licences on the J-51, J-52 and J-53 wells (all located on the Akkar East accumulation) are proceeding without delay. ...
Rosneft Acquires 16.67% Share in PCK Raffinerie GmbH
Germany >> 11/28/2014 - Total and Rosneft signed a Term Sheet that envisages the main terms and conditions of the purchase of 16.67% share in a refinery located in Schwedt, Germany (PCK Raffinerie GmbH). The document was sig...
Rey Resources Acquires 50% Interest in Derby Block
Australia >> 11/28/2014 - Rey Resources has announced that its subsidiary company Rey Lennard Shelf ('RLS') has entered into an agreement with Backreef Oil to acquire a 50% interest in petroleum exploration licence EP487, the ...
OBL Group Completes Acquisition of 2 Undeveloped Gippsland Gas fields
Australia >> 11/28/2014 - Oil Basins Limited (OBL) has provided an update on the Company’s ongoing activities in Vic/P47. It has been confirmed from NOPTA that the transfer to OBL and its wholly owned subsidiary Shelf Oil Pty ...
Woodside Enters into Contract for Reconnaissance Licence
Morocco >> 11/26/2014 - Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Mo...
GDF SUEZ Acquires Interest in PL 420 From Idemitsu
Norway >> 11/24/2014 - GDF SUEZ has signed a contract with Idemitsu for the acquisition of 10% share in the license PL 420. PL 420 is situated between the Gjoa field and the Skarfjell discovery, and contains the discovery T...

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