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Acquisitions and Divestitures News

PetroRio Terminates Operations in Namibia
Namibia >> 3/9/2016 - Petro Rio S.A. ("PetroRio") will not execute any new investments and it is terminating its exploratory activities in Namibia. PetroRio, after a long period of conversations with the Namibian governmen...
Exmar & PEP to Terminate Liquefaction and Storage Agreement
China >> 3/9/2016 - EXMAR NV reported that the company and Pacific Exploration and Production (PEP) have agreed to terminate a Liquefaction and Storage Agreement, originally executed in March 2012 for a term of 15 years ...
Signs Tuba Obi East Gas Project Farm-In Agreement
Indonesia >> 3/8/2016 - Andalas Energy and Power Plc, the AIM listed investment company, is pleased to announce that it has conditionally entered into a farm-in agreement for the Tuba Obi East (“TOE”) Technical Assistance Co...
Baron Oil Extend the Licence Period for Block XXI
Peru >> 3/7/2016 - The Board of Baron Oil plc is pleased to announce that the recently acquired 2D seismic data on the 100% owned Block XXI onshore Peru has been processed by GSS and analysed by the company and its cons...
Hansa Hydrocarbons Enters Denmark with Two Licence Awards
Denmark >> 3/7/2016 - Hansa Hydrocarbons Limited has been provisionally awarded two new licences under the Danish 7th Licensing Round, namely Licences 7/16 and 14/16 in the Danish sector of the North Sea. The awards remain...
Brazil Says Onshore Assets for Sale Produce under 2% of Output
Brazil >> 3/4/2016 - Petrobras, complementing the Material Fact published on March 2, 2016, hereby announces that the process of transfer of rights of the oil and natural gas exploration, development and production rights...
Santos Completes Sale of Kipper Gas Field to Mitsui
Australia >> 3/3/2016 - Santos announced in November 2015 the sale of its 35% non-operated interest in the Kipper gas field, located in the Gippsland Basin, offshore Victoria to Mitsui E&P Australia Pty Ltd (Mitsui) for $520...
Gazprom Neft Acquires Controlling Interest in High-Technology Bitumens Facility
Russia >> 3/3/2016 - Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, has acquired a 75-percent participating interest in the charter capital of NOVA-Brit LLC; the company’s interests include...
Frontier Resources Proposed Disposal of Oman EPSA
Oman >> 3/3/2016 - The Board of Frontier announces that the Company has conditionally agreed to dispose of Frontier Oman (which holds the Group's oil exploration interests in Oman) and its entire interest in FRII, whic...
MoU for Feasibility Study of Construction of Ultra-Supercritical Coal-fired Power Plant
Egypt >> 3/2/2016 - Marubeni Corporation (“Marubeni”) and El Sewedy Electric Company S.A.E (“El Sewedy”) executed a Memorandum of Understanding (“MOU”) with Egyptian Electricity Holding Company (“EEHC”) in relation to a ...
Statoil Awarded Six Licensing Options Offshore Ireland
Ireland >> 3/2/2016 - Statoil Exploration (Ireland) Limited has been awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round. ...
Det norske Acquires Noreco’s Norwegian Portfolio
Norway >> 3/2/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Noreco Norway AS (Noreco) to acquire Noreco’s Norwegian license portfolio, including a ca. NOK 45 million cash balance. The e...
Petrobras Approved the Sale of Onshore Fields
Brazil >> 3/2/2016 - Petrobras informs that its Executive Board has approved the initiation of the process of transfer of rights of oil and natural gas exploitation, development and production in certain onshore fields, a...
Brazil's Petrobras to Start Talks on Sale of Argentina Stake
Argentina >> 3/2/2016 - Petrobras, with respect to the sale of its equity interest in Petrobras Argentina, disclosed by Material Fact in 01/20/2016, informs that its Executive Board has approved the conduct of negotiations w...
Petrobras Cancels Sale of Stake in Brazil
Brazil >> 3/1/2016 - Petrobras informs that the contracts regarding the sale of its 20% interest in the concessions of Bijupira and Salema, signed on July 1st, 2015, with PetroRio S.A., have been terminated. Therefore, Pe...
Sembcorp Marine Sells 50% Stake in Dolphin Workboats to Entraco Venture
Singapore >> 3/1/2016 - Sinagpore's Sembcorp Marine Ltd. (the Company) announced Monday that its wholly owned subsidiary, Dolphin Shipping Company Private Limited (DSC), has completed the sale of its entire 50 percent equity...
QUATTRO Signs Agreement to Acquire the El Cedro License
Guatemala >> 3/1/2016 - QUATTRO Exploration and Production Ltd. is pleased to announce the purchase of a 100% interest in the El Cedro License, Block 6-2012 in Guatemala, consisting of approximately 34,723 hectares in the So...
San Leon Energy Relinquishes Spanish Licence Applications
Spain >> 2/29/2016 - San Leon Energy Plc, the AIM listed company focused on oil and gas exploration and production in Europe and Africa, confirms that the Company has applied to relinquish six Spanish licence applications...
BNK Relinquished Polish Concession
Poland >> 2/28/2016 - BNK Petroleum Inc has filed the paperwork necessary to relinquish the Slupsk concession in the Baltic Basin of Poland and intends to shutdown all operations in Poland. ...
MX Oil Agrees Sale of Investment in Aje Field, Nigeria
Nigeria >> 2/26/2016 - MX Oil plc, the AIM quoted oil and gas investing company, has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC). GPD...

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