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Acquisitions and Divestitures News

Octant Energy Acquires Assets in Tanzania and Kenya
Kenya >> 10/30/2015 - Octant Energy Corp. (Octant) has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania (the "Proposed Tran...
Sasol & ENH Awarded 2 Blocks in Mozambique
Mozambique >> 10/30/2015 - Sasol has confirmed that two of its three applications in Mozambique’s 5th Licensing Round were successful. Sasol (70% interest, operator) and Empresa Nacional de Hidrocarbonetos (ENH), the state oil ...
Bashneft to Transfer Control over a Number of Its Assets
Russia >> 10/29/2015 - The Board of Directors of PJSOC Bashneft has adopted resolutions aimed at streamlining the Company's corporate structure and transferring control over a number of its assets under Russian jurisdiction...
Genel Energy Sells 20% Interest in Chia Surkh
Iraq >> 10/29/2015 - Genel Energy sells 20% participating interest in the Chia Surkh Production Sharing Contract (‘PSC’) to Petoil. As consideration for the sale of the 20% interest, Petoil will carry Genel’s share of ...
Rosneft & ExxonMobil Win 3 Blocks in Mozambique License Round
Mozambique >> 10/29/2015 - RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic o...
Statoil to Explore Offshore South Africa
South Africa >> 10/29/2015 - Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Ri...
Delonex Energy Wins Block P5-A in Mozambique 5th Licence Round
Mozambique >> 10/28/2015 - The Institute of National Petroleum (INP) announced that Delonex Energy (as Operator) and its partner India Oil Corporation (IOC) have been awarded block P5-A in the Mozambique 5th Licensing Round and...
Kazakh Fund Signs Loan for up to $1.5 bln to Buy Stake in Kashagan Oilfield
Kazakhstan >> 10/27/2015 - Kazakh sovereign wealth fund Samruk-Kazyna said it had signed a five-year syndicated loan worth up to $1.5 billion to buy half of Kazmunaigas's 16.8 percent stake in the Kashagan oilfield.
Eni Sells 12.5% Stake in Saipem to Fondo Strategico Italiano
Italy >> 10/27/2015 - Eni S.p.A. executed a sale and purchase agreement (the Sale and Purchase Agreement), pursuant to which it will sell a stake in Saipem S.p.A. consisting of n. 55,176,364 ordinary shares, representing a...
Galp Acquires Block 6 at Sao Tome & Principe
Sao Tome and Principe >> 10/27/2015 - Galp Energia, SGPS, S.A informs that an agreement has been reached between the Government of Sao Tome and Principe, Galp Energia and Kosmos Energy for the award of Block 6 offshore Sao Tomé and Princi...
Ecopetrol Announces Decision on Operation of Rubiales Field
Colombia >> 10/26/2015 - Ecopetrol S.A. hereby reports that, as decided by its Board of Directors, Ecopetrol will take over the operation of the Rubiales field following the conclusion of the Rubiales risk participation and P...
Gazprom & OMV Sign Memorandum of Understanding on Oil Supply
Russia >> 10/23/2015 - Vienna hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board. The parties discussed the cooperation i...
Russia Offers Gas, Oil Swap Deals to Iran
Russia >> 10/23/2015 - Russian Energy Minister Alexander Novak said on Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration. ...
Sound Energy to Purchase Maghreb Petroleum's Interest in Sidi Moktar Licences
Morocco >> 10/22/2015 - Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that, further to its announcement of 7 September 2015, it has signed heads of terms with Maghreb Petroleum Explora...
Trinity Sell Onshore Assets for $20.8 million to Touchstone
Trinidad and Tobago >> 10/21/2015 - Trinity has entered into an agreement to sell its interests in the WD-2, WD-5/6, WD-13, WD-14 and FZ-2 licences and related fixed assets to Touchstone Exploration Inc. for cash consideration of US$20....
Rosneft Agreed to Sell 8.99% Interest in Saras S.p.A.
Italy >> 10/20/2015 - Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximate...
ERHC Energy Reaches Agreement with Kosmos for Block 11
Sao Tome and Principe >> 10/20/2015 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in Sub-Saharan Africa announced today that it has reached an agreement with Kosmos Energy, a leading independent oil and gas...
Total Sells Further 15% Interest in the Gina Krog Field
Norway >> 10/19/2015 - Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will total 1.4 billion NOK. The tr...
Seacrest Portfolio Company AziLat Partners with ExxonMobil & Expands Portfolio, Offshore Brazil
Brazil >> 10/19/2015 - AziLat Ltd. (AziLat) has entered into a transaction with OGX Petroleo e Gas S.A. (OGX) to acquire OGX’s full interest in two blocks offshore Brazil. ...
Baron Oil Transfers Operatorship of Nancy Burdine Maxine Field to Ecopetrol
Colombia >> 10/19/2015 - On 16 October 2015, Inversiones Petroleras de Columbia (50% owned by Baron), the operator of the Nancy Burdine Maxine field in Columbia, handed over operational control of the field to Ecopetrol S.A. ...

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