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Acquisitions and Divestitures News

Petsec Energy Acquires Oil Search Interest in Yemen Block 7
Yemen >> 4/17/2015 - Petsec Energy has executed an agreement with Oil Search to acquire all the shares of its subsidiary Oil Search (ROY) Limited which holds a 34% participating interest in Block 7, Al Barqa Permit, in th...
Anadarko Considers Selling Mozambique Gas Assets to Exxon
Mozambique >> 4/16/2015 - Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources sa...
Total & BP Say Feel No M&A Pressures After Shell Deal
France >> 4/16/2015 - French oil major Total and British rival BP are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell, they said. ...
New Times Energy Acquires 50% Participating Interest in Chirete Block
Argentina >> 4/15/2015 - New Times Energy Corporation Limited, together with its subsidiaries announces that the Company's Farm-in Offer has been accepted by Petrobras Argentina S.A. ("PESA") to transfer 50% of its Participat...
Enel Could Sell Assets in Algeria and Egypt
Egypt >> 4/15/2015 - Enel SpA, Italy’s largest utility, is considering a sale of assets across Europe and Africa that may raise as much as 1 billion euros ($1.1 billion), people with knowledge of the matter said. ...
PDVSA Offers to Buy Harvest's Stake in the Petrodelta Joint Venture
Venezuela >> 4/14/2015 - Venezuelan state oil company PDVSA has offered to buy Harvest Natural Resources Inc's stake in the Petrodelta joint venture, according to a source close to PDVSA, but the Texas-based oil and gas produ...
Shell Concludes Sale of 185 Service Stations across UK
United Kingdom >> 4/13/2015 - Shell UK is pleased to announce it has accepted offers for the sale of 185 company-owned service stations to selected independent dealers and has exchanged contracts for 158 of these service stations....
Woodside Closes Purchase of Apache Interests in Kitimat Asset
Canada >> 4/10/2015 - In December 2014 Woodside entered into a binding transaction with Apache Corporation to acquire Apache’s Australian Wheatstone LNG and Balnaves oil interests and Kitimat LNG project interests in Can...
Alvopetro Relinquish Blocks 131, 132, 144, and 157
Brazil >> 4/10/2015 - Alvopetro Energy Ltd. informed Brazil's National Agency of Petroleum, Natural Gas and Biofuels ("ANP") of our intention to relinquish Blocks 131, 132, 144, and 157 in accordance with the associated co...
Sterling Completes Acquisition of Murphy's Interest in Ntem Concession
Cameroon >> 4/9/2015 - Sterling Energy Plc, the AIM listed oil and gas exploration company, is pleased to provide an update on the transaction between its wholly owned subsidiary Sterling Cameroon Limited and Murphy Cameroo...
Pancontinental Withdraws from Block L10B Offshore Kenya
Kenya >> 4/8/2015 - Pancontinental advises that it has served a notice of withdrawal on BG Kenya L10B Limited (BG), the only remaining participant and operator of Kenya Licence L10B (L10B), from the Joint Operating Agree...
Petro Matad Farms Out 78% Stake in Mongolia's Blocks IV, V to BG
Mongolia >> 4/8/2015 - Petro Matad Ltd. announced Tuesday that it has entered into a farm-out agreement with BG Group whereby BG Group will acquire a 78 percent interest in Block IV and Block V in central Mongolia, with an ...
BG Farms into Block IV and Block V in Central Mongolia
Mongolia >> 4/7/2015 - The Board of Directors of Petro Matad has entered into a farm-out agreement with BG Group whereby BG Group will acquire a 78% interest in Block IV and Block V in central Mongolia, with an effective da...
Gazprom Plans to Sell Stake in German Gas Group VNG
Russia >> 4/6/2015 - Gazprom said it plans to sell its 10.52 percent stake in Germany's natural gas supplier Verbundnetz Gas (VNG), in line with the Russian company's strategy to pull back from operations in Europe. ...
EV Energy Agrees to Divest Its 21% Interest in Utica East Ohio for $575 million
United States >> 4/6/2015 - EV Energy Partners, L.P. has signed a definitive agreement to divest its entire 21 percent interest in Utica East Ohio Midstream LLC , to Utica Gas Services, L.L.C., a subsidiary of Williams Partners...
Apache Completes Sale of Wheatstone LNG Project for $2.817b
Australia >> 4/2/2015 - Apache Corporation has completed the previously disclosed sale of the Wheatstone LNG project and accompanying upstream oil and gas reserves to Woodside Petroleum Limited for total proceeds of $2.817 b...
Equatorial Guinea Ratifies New ExxonMobil Exploration Agreement
Equatorial Guinea >> 4/1/2015 - The Ministry of Mines, Industry and Energy of Equatorial Guinea is pleased to announce the Ratification of Production Sharing Contract for Block EG-06 by the government of Equatorial Guinea. The contr...
Eni Signs Production Sharing Contracts Offshore Myanmar
Eni Signs Production Sharing Contracts Offshore Myanmar Myanmar >> 3/31/2015 - Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 an...
Brittania-U Prepares for May 18 Hearing in Ongoing Oil Lease Dispute
Nigeria >> 3/31/2015 - Nigeria's Supreme Court has set a May 18 hearing date in the 15-month-old dispute between Brittania-U Limited of Nigeria and Chevron Nigeria and Chevron USA over the sale of three oil leases in the Ni...
Reliance Signs Production Sharing Contracts for 2 Offshore Blocks
Myanmar >> 3/31/2015 - Reliance Industries Ltd (RIL) and Myanma Oil & Gas Enterprise (MOGE), an enterprise of the Government of Myanmar, have signed production sharing contracts for two offshore blocks (M17 and M18). ...

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