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Acquisitions and Divestitures News

Russian Government Approves Sale of Yamal Stake to China Fund
Russia >> 1/22/2016 - The Russian government has approved the sale of a stake in the Yamal LNG plant to China's Silk Road Fund in a deal which should bring another $2 billion in investment for the project. ...
Extension to the BNG Contract Area
Kazakhstan >> 1/21/2016 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a 140.6 sq kilometers extension to the BNG Contract Area. ...
Chevron Seeks Buyers for 75% Stake in South African Unit
South Africa >> 1/21/2016 - Chevron Corp. said it was considering selling its 75 percent stake in its South African unit. Chevron has made a decision to solicit expressions of interest for the stake, a sale that would form part ...
Update on Petrogrand's Business
Russia >> 1/21/2016 - Following the Extraordinary Shareholders' Meetings in Petrogrand AB and Shelton Petroleum AB (currently Petrosibir AB) on 9 November 2015, the business combination of the two entities was completed in...
Fortis Petroleum Norway Wins Four Licences in APA 2015 Round
Norway >> 1/20/2016 - Fortis Petroleum Norway AS has been awarded participating interests in four exploration licences in the Norwegian APA 2015 Licensing Round: ...
Mitsubishi Corporation Acquires Full Ownership of CIMA ENERGY, LTD.
Japan >> 1/20/2016 - Mitsubishi Corporation (MC) hereby announces that it has acquired all remaining partnership interest in its affiliated company, CIMA ENERGY, LTD. (CIMA), a Houston based oil and gas marketer, through ...
Colombia's ANH Revokes Range Resources' Exploration Blocks
Colombia >> 1/19/2016 - Range advises that it has received a notice from Agencia Nacional de Hidrocarburos (“ANH”), National Hydrocarbons Agency of Colombia, which states that the licences over the three exploration blocks, ...
Norway Awards 56 Licences Offshore Norway in APA 2015 Round
Norway >> 1/19/2016 - The Ministry of Petroleum and Energy offers 56 exploration licenses on the Norwegian Continental Shelf (NCS) in the Awards in Pre-defined Areas 2015 (APA 2015) licensing round. ...
Statoil Awarded 24 Licences in APA Round 2015
Norway >> 1/19/2016 - In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner. ...
Chevron Will Not Extend Contract to Pperate Indonesia Oil & Gas Block
Indonesia >> 1/19/2016 - Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant said on Tuesday, as plunging crude prices hit producers around the world. ...
Eco Atlantic Granted License Offshore Guyana in Partnership with Tullow
Guyana >> 1/19/2016 - Eco (Atlantic) Oil & Gas Ltd. through its subsidiary, Eco (Atlantic) Guyana Inc. has been issued an interest in a Petroleum Prospecting License over the new Orinduik Block, offshore the Co-Operative R...
Request for Ozenmunaigas 2015 MET Relief Denied
Kazakhstan >> 1/18/2016 - KazMunaiGas Exploration & Production (KMG EP) announces that Ozenmunaigas’s (“OMG”) request to temporarily have Mineral Extraction Tax (MET) relief for 2015, approved for the Uzen and Karamandybas fie...
Shell Exits Development of Bab Sour Gas Reservoirs
United Arab Emirates >> 1/18/2016 - Following a careful and thorough evaluation of technical challenges and costs, Shell has decided to exit the joint development of the Bab sour gas reservoirs with ADNOC in the emirate of Abu Dhabi, an...
Petro Vista Executes Binding Defintive Agreement for the Sale of Interest in Tartaruga Block
Brazil >> 1/18/2016 - Petro Vista Energy Corp. has entered into a binding sale and purchase agreement with Maha Energy Inc. (Maha) for the sale of its wholly owned Brazilian subsidiary Petro Vista Energy Petroleo do Brasil...
Australia's Carnarvon Takes Equity Stake in Singapore's Loyz Energy
Singapore >> 1/18/2016 - Loyz Energy Limited (Loyz Energy or the Company, and together with its subsidiaries, the Group), a fast-growing Singapore-based upstream energy group announced that Loyz Oil Thailand Pte Ltd (Loyz Oil...
Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited
Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited Egypt >> 1/17/2016 - Kuwait Energy plc is pleased to announce the signing of a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession fromits share, to Global Connect Limited; a recently esta...
Ophir Withdraws from Seychelles Farm-in Agreement with WHL Energy
Seychelles >> 1/16/2016 - Australian energy company WHL Energy refers to the farm-out agreement between Ophir Seychelles (Areas 1, 2 and 3),PetroQuest International and WHL Energy dated 4 March 2014. In accordance with the pro...
Russia's Lukoil Leaving Projects in Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 1/15/2016 - Russia's second-largest oil producer Lukoil is leaving projects in Ivory Coast, Interfax news agency reported, citing a source. Lukoil has been operating in the Gulf of Guinea offshore Ivory Coast sin...
Mitra Energy Provides Update on Vietnam Gas Development Plan
Vietnam >> 1/14/2016 - Mitra Energy Inc. (MTE) is pleased to provide an update on the status of its gas development project in Vietnam as follows: ...
Sound Energy Acquires Interest in Sidi Moktar
Morocco >> 1/14/2016 - Sound Energy, the Mediterranean focused upstream gas company, has entered into a binding agreement with Maghreb Petroleum Exploration S.A. for the purchase of MPE's 25% working interest in three onsho...

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