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Acquisitions and Divestitures News

Korean Firms Resolved to Join RIPI Projects
Iran >> 4/19/2016 - Korean research firms came to Iran last week to visit the research arm of the countrys energy sector, Research Institute of Petroleum Industry (RIPI), in a push to cement research deals with the insti...
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt Egypt >> 4/18/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for...
Tehran & Seoul to Sign MoUs in May 2016
Iran >> 4/18/2016 - South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said. ...
Det Norske Acquires Licenses from Centrica
Norway >> 4/18/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As co...
Primeline Commences Arbitration Against Zhejiang Gas to Rectify Gas Sales Contract Breach
China >> 4/15/2016 - Primeline Energy Holdings Inc. (PEH) announced that the China International Economic and Trade Arbitration Commission (“CIETAC”) hasserved formal notice of commencement of arbitration proceedings (“th...
Beach to Exit BMG Fields Offshore Southeast Australia
Australia >> 4/15/2016 - Cooper Energy Limited advises that Beach Energy Limited (Beach) and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta ...
Cox Oil and Chevron Successfully Complete Transaction in Gulf of Mexico
Cox Oil and Chevron Successfully Complete Transaction in Gulf of Mexico Mexico >> 4/15/2016 - Cox Oil Offshore, L.L.C. (Cox Oil) has successfully completed a transaction in which Cox Oil acquired a number of assets in the Gulf of Mexico from Chevron. The acquisition includes 19 fields and asso...
Ezra & EMAS Offshore to Sell 78.4% Stake in FPSO Lewek Emas
Vietnam >> 4/14/2016 - Ezra Holdings Limited (Ezra), a leading contractor and provider of integrated offshore solutions to the oil and gas industry and EMAS Offshore Production Service (Vietnam) Pte Ltd. (EOPS), a wholly-ow...
Pertamina Eyes Global Energy M&A, has $2b to Spend in 2016
Indonesia >> 4/12/2016 - Indonesia's state-owned energy company Pertamina has a budget of up to $2 billion for mergers and acquisitions in oil and gas assets this year, a company director said, amid efforts to supply Indonesi...
NOVATEK Wins Aauction for the Nyakhartinskiy License Area
Russia >> 4/12/2016 - OAO NOVATEK announced that its subsidiary OOO NOVATEK-Yurkharovneftegas won an auction for the exploration and production license for the Nyakhartinskiy license area. The license duration is 27 years ...
Saipem Signs MoU for Toos Gas Field Project in Iran
Iran >> 4/12/2016 - During the official State visit to Iran of the Italian Prime Minister, Matteo Renzi, Saipem Chief Executive Stefano Cao and Ali Yadghar, Managing Director of Razavi Oil & Gas Development Company, ente...
Schlumberger Issues Venezuela Operations Update
Venezuela >> 4/12/2016 - Schlumberger Limited will reduce its activity in Venezuela to align operations with cash collections. This measure is a result of insufficient payments received in recent quarters and a lack of progre...
Marathon Oil to Divest $950m of Non-Core Assets
United States >> 4/11/2016 - Marathon Oil Corporation has signed agreements for the sale of certain non-core assets for $950 million, bringing the total to approximately $1.3 billion since last year. ...
LyondellBasell Completes Second Polypropylene Compounds Acquisition in India
India >> 4/7/2016 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced that it completed the previously announced acquisition of the polypropylene (PP) compounding asset...
Victoria Secures Government Approval for 75% Interest in Matanda Block
Cameroon >> 4/7/2016 - Victoria Oil & Gas Plc, the integrated natural gas producing utility, is pleased to announce that the Government of Cameroon has approved the assignment from Glencore Exploration Cameroon Limited of a...
Increased Working Interest and Application for Extension
Tunisia >> 4/7/2016 - The Board of Independent Resources plc, the AIM listed oil and gas exploration and production company, is pleased to announce that with immediate effect Independent Resources Ksar Hadada Limited ("IRK...
Statoil Added to the Consortium of Oil Exploration in Block 14
Uruguay >> 4/7/2016 - The president of Ancap, Marta Jara, and the authorities of the Total companies, ExxonMobil and Statoil signed a contract that Total, operator of Block 14 hydrocarbon exploration in the Uruguayan sea p...
Lukoil Granted Right to Use Subsoil Area in the Baltic Sea
Russia >> 4/6/2016 - In accordance with Directive of the Russian Federation Government OOO “LUKOIL-Kaliningradmorneft” (a 100% subsidiary of PJSC “LUKOIL”) was granted the right to use a subsoil block of federal significa...
Danish Energy Agency Awarded DEA 2 Licenses
Denmark >> 4/6/2016 - The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of...
Carnarvon Secures NWS Exploration Acreage
Australia >> 4/6/2016 - Carnarvon Petroleum Limited (Carnarvon) has secured a 100% interest in a newly awarded offshore exploration permit, WA-521-P, located in the Roebuck Basin and positioned immediately adjacent to the Ph...

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