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Acquisitions and Divestitures News

Araca Energy Acquires Second Russian Company
Russia >> 9/12/2016 - Norwegian company Araca Energy has acquired Russian oil company Geopromneft, the second Russian oil company the company has acquired, following the acquisition last week of Petrarko. ...
Bankers Petroleum Announces Safe Approval for Proposed Arrangement
China >> 9/9/2016 - Bankers Petroleum Ltd. (Bankers) is pleased to announce that the proposed plan of arrangement (the "Arrangement") with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") has received Chinese St...
Canadian Company Announces Successful Acquisition of Refinery in Ireland
Ireland >> 9/9/2016 - Irving Oil announced the successful close of its purchase and sale agreement with Houston-based energy, manufacturing and logistics company, Phillips 66 (NYSE: PSX), to acquire the Whitegate refinery ...
Lukoil, Gazprom & Kazmunaygaz Joint Venture is Granted Tsentralnaya Subsoil License
Russia >> 9/9/2016 - LLC Neftegazovaya Kompaniya Tsentralnaya (Central Oil and Gas Company), a joint venture of PJSC LUKOIL, PJSC Gazprom and JSC NC KazMunayGaz (25% stake owned by LUKOIL), was granted the subsoil use lic...
CNPC Sells $3.8 Bln of Engineering Assets to Listed Unit
China >> 9/9/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $3.8 billion worth of engineering related assets to a listed arm as part of a push to restructure its non-core...
Condor Petroleum to Start Production at the Shoba Oil Field
Kazakhstan >> 9/8/2016 - Canada's Condor Petroleum has announced that the Shoba Production Contract has been executed with the Government of Kazakhstan, which provides for commercial production at the Company’s 100% owned Sho...
Acquisition of Stake in Maclure Field Successfully Completed
United Kingdom >> 9/8/2016 - Nobel Upstream, the independent UK-based exploration and production company, said its acquisition of a 7.59 per cent non-operated interest in the Maclure oil and gas field from Shell, announced on 10 ...
Saudi's SABIC Sells Polymershapes Unit to U.S. Firm
Saudi Arabia >> 9/7/2016 - Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its Polymershapes unit to U.S. investment firm Blackfriars Corp, SABIC said without giving a value for the deal. ...
Gazprom Neft Acquires 2 New Licences in the Yamalo-Nenets Autonomous Okrug
Russia >> 9/7/2016 - Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fiel...
Aminex Maintains Interest in Kiliwani North Development Licence
Tanzania >> 9/7/2016 - Aminex, the oil and gas producing company with assets in East Africa, announces that it will maintain its 54.575% interest in the Kiliwani North Development Licence (KNDL) in Tanzania, which the Compa...
Clontarf Energy Updates Negotiations for Tano Basin Acreage
Ghana >> 9/7/2016 - The directors of Clontarf wish to advise shareholders that, further to our announcement of 22nd June 2016, Clontarf and its partners have now met for discussions with Ghanaian officials. Negotiations ...
INEOS Secures £220m Reserve-Based Lending Facility
United Kingdom >> 9/7/2016 - INEOS UK E&P Holdings Limited confirms that it has entered into its first reserve-based lending facility (RBL Facility). The RBL facility is a senior secured five-year £220 million facility and has be...
Callon Petroleum Acquires Howard County Acreage for $327m
United States >> 9/6/2016 - Callon Petroleum Company (Callon) has entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties for total consideration of $327 million in cash. T...
Statoil Increases Share in Wisting Discovery in Deal with Tullow
Norway >> 9/6/2016 - Statoil and Tullow Norge AS have agreed on a transaction whereby Statoil will increase its equity in four licences on the Norwegian continental shelf (NCS). The transaction includes the Wisting discov...
CNPC Selling $11B in Financial Assets to Listed Unit in Reform Push
China >> 9/6/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure...
UKOG Completes Acquisition of Further Interest in Weald Basin Licences
United Kingdom >> 9/6/2016 - Further to the RNS dated 22 July 2016 regarding the agreement to acquire the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences PEDL137 and PEDL246 (the Licences),...
Saudi Aramco-Motiva in Lead to Buy Lyondell's Houston Refinery
Saudi Arabia >> 9/6/2016 - Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. ...
Block 50 Oman Licence Extended by Three Years - Seeking to Farm out
Oman >> 9/5/2016 - Rex International Holding Limited, and together with its subsidiaries, is ramping up activities in Oman and will be focusing on several initiatives to generate cash flow in 2017. ...
Urals Energy Completes Acquisition of Arctic Oil Company
Russia >> 9/5/2016 - Further to the announcement made on 23 August 2016, Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of ...
Ministry Transfers Shares in Salalah Port to Oman Global Logistics Group
Oman >> 9/4/2016 - Oman’s Ministry of Finance has transferred its 20.085 per cent stake held in Salalah Port Services to Oman Global Logistics Group SAOC. The number of shares in absolute terms is 36.12 million, with ea...

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