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Acquisitions and Divestitures News

Pertamina Proposes to Take Over Sanga-Sanga Oil Block
Indonesia >> 5/29/2015 - Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, t...
Statoil Awarded Licences Offshore Nicaragua
Norway >> 5/29/2015 - Statoil was today awarded four licences offshore the Nicaraguan Pacific. ...
Wartsila Completes Acquisition of L-3 Marine Systems International
Germany >> 5/29/2015 - Wartsila Corporation announces that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wartsila with effec...
Premier Oil Exits Kenya Block 2B Joint Venture
Kenya >> 5/28/2015 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, provides an update on the status of Block-2B, onshore Kenya. Tower has received formal notification from Li...
Petrobras Abandons Deepwater Prospect in Brazil’s Top Region
Brazil >> 5/27/2015 - Brazil’s state-controlled oil company Petroleo Brasileiro SA abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries. ...
PL802 Farm Down and PL602 Withdrawal
Norway >> 5/27/2015 - P/F Atlantic Petroleum announces that Statoil will exercise their option to take 10% of the PL802 licence in the Norwegian Sea. This will leave Atlantic Petroleum with 10% equity in License PL802 cont...
Woodside Pulls out of Farm-in to Lake Tanganyika South PSA
Tanzania >> 5/27/2015 - Beach Energy Limited (Beach) has been advised by Woodside Energy (Tanzania) Limited (Woodside) that it has decided not to enter into the next period of the exploration program relating to the Lake Tan...
Chevron to Release Documents in Lawsuit over Nigerian Oil Leases
Nigeria >> 5/26/2015 - Chevron USA and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two companies and other entities to the Nigerian oil company that has sued ...
Israeli Regulator to Resign, May Free Up Noble & Delek
Israel >> 5/25/2015 - Israel's anti-monopoly regulator, who has been pushing to open the energy sector to competition, said on Monday he would step down in August, potentially lifting the pressure on exploration companies ...
MEO Farms Out WA-488-P to Rex International Subsidiary
Australia >> 5/21/2015 - MEO Australia has announced the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit to a wholly owned subsidiary of SGX-listed Rex Internatio...
NuEnergy Gas Acquires Dart Indonesia's CBM Assets in Sumatra
Indonesia >> 5/21/2015 - NuEnergy Gas Ltd., an Australian gas and ancillary power generation development company focused on unconventional gas exploration and production in Indonesia, disclosed the conditional Share Purchase ...
NOVATEK Extends Share Buyback Program
Russia >> 5/21/2015 - The Management Board of OAO NOVATEK (NOVATEK) approved the extension of the share buyback program until 7 June, 2016, keeping all the terms of the program unchanged. ...
Wintershall Pulls out of Qatar
Qatar >> 5/21/2015 - Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on 25 May 2015. Wintershall’s office in Doha will be closed. In 2013, Wintershal...
BG Group Assumes Operational Control of QCLNG & Pre-Conditions for Pipeline Sale
Australia >> 5/21/2015 - BG Group announces that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group’s Australian subsidiary, from Bechtel Australia, which construc...
Russia to Decide on Schlumberger Did for Eurasia Drilling in 2-3 Weeks
Russia >> 5/21/2015 - A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks, an official from Russia's Federal Antimonopoly Service (FAS) said. ...
Vanguard Natural to Acquire Eagle Rock Energy Partners, L.P. for $614 Million
United States >> 5/21/2015 - Vanguard Natural Resources, LLC and Eagle Rock Energy Partners, L.P. have entered into an Agreement and Plan of Merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total c...
Range Signed Agreement to Increase Interest in the Guayaguayare Block
Trinidad and Tobago >> 5/21/2015 - Range has signed an amendment agreement in respect of its interest in the Guayaguayare Block in Trinidad. As a result of the amended agreement, Range will acquire the full interest of Niko Resources ...
SacOil Terminates Participation in Oil Prospecting Licence 233
Nigeria >> 5/20/2015 - SacOil shareholders are advised that, in line with SacOil’s strategy to focus on proven resources as a basis for growth, the Company has embarked on a process of balancing and rationalising its portfo...
Oman Oil Company Sold its 5% Stake in Enagas
Oman >> 5/20/2015 - Oman Oil Holdings Spain, a wholly owned subsidiary of Oman Oil Company (OOC) sold its 5% stake in Enag?s – a Spanish energy company, in a secondary block trade. The joint-book runners were Citigroup a...
Orca Energy Completes Sale of Cooper Basin Assets to Senex Energy
Australia >> 5/19/2015 - Orca Energy has advised that it has completed the sale of its Cooper Basin assets to Senex Energy. Orca received the balance amount of $1,400,000 from Senex afternoon. In total, the Company received j...

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