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Acquisitions and Divestitures News

BP Agrees to Sale of Alabama Petrochemical Complex
United States >> 1/6/2016 - BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business...
Honeywell Acquires Remaining 30% Interest In UOP Russell LLC
United States >> 1/6/2016 - Honeywell (HON) announced that it has acquired the remaining 30 percent stake in UOP Russell LLC, which develops technology and manufactures modular equipment to process natural gas, for approximately...
Shawcor Ltd. Acquires Lake Superior Consulting
Canada >> 1/5/2016 - SHAWCOR LTD. (SCL) announced that it has acquired the units of Lake Superior Consulting, LLC (“Lake Superior”) for an undisclosed sum plus a potential earn out payment payable in 2016. Lake Superior ...
RH Petrogas Replaces PetroChina as Operator of Basin PSC in Indonesia
Indonesia >> 1/5/2016 - Mainboard-listed RH Petrogas Limited (RHP or the Group), engaged in the business of exploration, development and production of oil and gas resources, announced that its wholly owned subsidiary Petroga...
Jersey Oil & Gas Farms out UKCS Blocks to Azinor Catalyst
United Kingdom >> 1/5/2016 - Jersey Oil & Gas, an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea (UKNS), is pleased to announce that it has signed a sales and purchase agreem...
Prosafe and Statoil Agree to Mariner Field Re-Phasing
United Kingdom >> 1/4/2016 - Prosafe and Statoil (U.K.) Ltd (Statoil) have agreed to re-phase the Mariner Project in the UK Continental Shelf of the North Sea from 2016 into 2017, and extend the firm hire duration from 8 months t...
Extensions and Relinquishments on Certain Argentina Blocks
Argentina >> 1/4/2016 - Americas Petrogas Inc. has entered into settlement agreements with certain dissenting shareholders holding 22,523,667 common shares in the capital of the Company. The consideration to be paid for the ...
NIOC Announces Pre-Conditions for Signing Contracts with Int’l Firms
Iran >> 1/3/2016 - Managing Director of the National Iranian Oil Company (NIOC) said that HSE tops the list of Iran’s expectations to be observed by the international companies which are going to take part in the NIOC’s...
Statoil Completes Transactions with Repsol in Norway & US
Norway >> 12/31/2015 - Statoil and Repsol have completed two of the transactions announced on 11 December 2015: ...
Cronx Licence Extension & Southern North Sea Update
United Kingdom >> 12/31/2015 - Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to provide the following update on its Southern North Sea portfolio. ...
Formal Confirmation for the Extension of Skipper Licence P1609
United Kingdom >> 12/29/2015 - Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to announce that all resolutions were duly passed at the Company's General Meeting held earlier today in London. ...
Kenes Rakishev Becomes Controlling Shareholder of Kazkommertsbank
Kazakhstan >> 12/29/2015 - JSC Kazkommertsbank (KKB), one of the largest banks in Kazakhstan and Central Asia, announces that the major shareholder of KKB, Mr. Kenes Rakishev, completed transaction with Alnair investment compan...
Kul-Bas Contract Extended 2 Years
Kazakhstan >> 12/29/2015 - Tethys Petroleum Limited (TPL) announced it has been granted a 2-year extension to the Kul-Bas Exploration and Production Contract (the "Contract") in Kazakhstan and also provided an update on the pre...
Triangle Energy Sells Unit Operating Indonesia's Pase PSC to PT Enso Asia
Indonesia >> 12/28/2015 - Australia's Triangle Energy (Global) Limited (Triangle or the Company) confirmed Thursday that the shareholders at today's General Meeting voted overwhelmingly for the sale to Indonesia's PT Enso Asia...
SIBUR Acquires a 17.5% Stake in POLIEF from Republic of Bashkortostan
Russia >> 12/25/2015 - At the auction held on 22 December 2015, SIBUR acquired a 17.5% stake in AO POLIEF from the Government of the Republic of Bashkortostan. ...
Petroceltic Provides Operational and Financial Update
Petroceltic Provides Operational and Financial Update Egypt >> 12/24/2015 - The Board of Petroceltic International plc, the oil and gas exploration, development and Production Company focused on the North Africa and the Mediterranean region, provided an operating and financia...
Wintershall Signs New Investment Agreement for Vaca Muerta
Argentina >> 12/23/2015 - Wintershall Energia S.A. and the local state-owned energy company Gas y Petroleo del Neuquén S.A. have signed an agreement under which Wintershall, Germany’s largest internationally active crude oil a...
Gazprom Neft Acquires E&P Licences at Zapadno-Yubileynoye Field
Russia >> 12/23/2015 - Gazprom Neft has acquired a licence for geological prospecting at the Zapadno-Yubileyny block, located in the Nadymsky district of the Yamalo-Nenets Autonomous Okrug, and for exploration and productio...
A new Indonesian Partnership for Datum360
Indonesia >> 12/22/2015 - As part of Datum360’s expansion into South East Asia, the company recently entered into a partnership with one of Indonesia’s leading engineering solutions providers, FKA Global. ...
Independent Oil and Gas Completes Skipper Acquisition
United Kingdom >> 12/22/2015 - Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, is pleased to confirm the acquisition of 50% of licence P1609 which contains the Skipper discovery has now completed. IOG ...

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