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Acquisitions and Divestitures News

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...
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. ...
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 OGXs full interest in two blocks offshore Brazil. ...
Petro Vista Provides Update on Sale of Interest in Tartaruga Block, Brazil
Brazil >> 10/16/2015 - Petro Vista Energy Corp., announces that the proposed sale, to Maha Energy Inc., of all of its 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offsho...
2016 - 2020 Program for Comprehensive Overhaul of Gas Mains Approved
Russia >> 10/16/2015 - The Gazprom Management Committee approved the 20162020 Program for Comprehensive Overhaul of Linear Sections of Gas Mains. ...
Gulfsands Petroleum Fails to Extend its Fes Petroleum Agreement
Morocco >> 10/16/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas exploration company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update on the Fes Petroleum Agreement. ...
Nostra Terra Completes Acquisition of East Ghazalat Interest
Egypt >> 10/15/2015 - Nostra Terra, an oil and gas exploration and production company with a growing portfolio of producing and exploration prospects, in a newly-formed joint venture ("JVCO") with Independent Resources plc...
PetroRio Concludes the Sale of Assets in Solimoes
Brazil >> 10/13/2015 - Petro Rio S.A. ("PetroRio"), hereby announces the closing of the transaction for the sale and transfer of all of its interest, and respective rights and obligations, in the Concession Contracts of Oil...
Eni Awarded 2 New Exploration Licenses Offshore Egypt
Eni Awarded 2 New Exploration Licenses Offshore Egypt Egypt >> 10/12/2015 - Eni has been awarded with two new exploration licenses located in the Egyptian offshore of the Mediterranean Sea, North El Hammad and North Ras El Esh, as a result of the competitive 2015 EGAS bid rou...
INEOS Buys North Sea Gas Field from Russian Billionaire
Russia >> 10/12/2015 - Swiss chemicals giant Ineos has bought its first British North Sea gas fields from Russian billionaire Mikhail Fridman's investment fund LetterOne, outlining plans to further expand its energy resourc...
North Energy Farms out of PL 708 in the Barents Sea
Norway >> 10/12/2015 - North Energy ASA has signed a sale and purchase agreement with Pure E&P Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 708 to Pure. ...
Northcote Confirms Following its Initial Evaluation in Phase III of Mexico Round 1
Mexico >> 10/9/2015 - Northcote is pleased to provide an update on the progress it has made in Mexico with regards to the due diligence it has been undertaking in contemplation of participating in Phase III of Round 1 of t...
Lundin Petroleum Sells its Indonesian Business
Indonesia >> 10/9/2015 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce the signing of a sale and purchase agreement (SPA) with PT Medco Energi Internasional TBK (Medco), to sell its oil and gas assets in Indon...
Swala Completes Farmout of Kilosa-Kilombero & Pangani Licence Interests to TPL
Tanzania >> 10/8/2015 - Swala Energy Limited (Swala) is pleased to advise that its partly-owned subsidiary company, Swala Oil and Gas (Tanzania) Plc (Swala Tanzania) and Tata Petrodyne Limited (TPL) have finalised the outst...
BP Wins Two Iranian Oilfield Development Projects
Iran >> 10/8/2015 - Iran has left the development of two oilfields to the energy giant British Petroleum (BP), an informed source told the Tasnim News Agency on the condition of anonymity. ...

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