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Acquisitions and Divestitures News

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. ...
Onal Agreement with the Government of Gabon
Gabon >> 10/8/2015 - Tullow Oil plc has reached agreement with the Government of Gabon over its licences in the Onal Complex Fields. ...
QIC Wins Bid for Iona Gas Storage Facility in Victoria
Australia >> 10/8/2015 - A QIC led consortium has entered into a binding agreement to acquire the Iona Gas Storage Facility (Iona) west of Melbourne in Victoria from EnergyAustralia, a member of the China Light & Power Group....
Malaysia's Petronas Says Still Operating in Mauritania
Mauritania >> 10/8/2015 - Malaysia's Petroliam Nasional Bhd (Petronas) said it was still operating in Mauritania after media reports this week said it had started to pull out of the north African nation as low global oil price...
Gazprom Neft Acquires New E&P Licences in the Khanty-Mansiysk Autonomous Okrug
Russia >> 10/7/2015 - Gazprom Neft has acquired additional licences for geological prospecting, exploration and development at the Yuilsky-3, Lyaminskiy-6 and Severo-Ityakhskiy-1 blocks, all located in the Khanty-Mansiysk ...
Withdrawal of Proposed Offer by Nostrum Oil & Gas PLC
Ireland >> 10/7/2015 - Tethys Petroleum Limited announces that Nostrum Oil & Gas PLC (Nostrum) has withdrawn its proposed offer that was previously announced on September 23, 2015 ("Proposed Offer") to acquire the entire is...
ENEVA Participates in the 13th Bidding Round of ANP
Brazil >> 10/7/2015 - ENEVA S.A. informs its shareholders and the market in general that the consortium formed by its subsidiary Parnaiba Participaçoes S.A. and BPMB Parnaiba S.A. presented at the 13th Bidding Round of ANP...
Brazil Sells 2 of 10 Blocks In Sergipe-Alagoas Offshore Basin
Brazil >> 10/7/2015 - * Brazil Oil And Gas auction sells 2 of 10 blocks In Sergipe-Alagoas offshore basin, winning bids had no competition ...
Alvopetro Awarded 4 Blocks at Brazil's 13th Bid Round
Brazil >> 10/7/2015 - Following Brazil's 13th Bid Round, administered by the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis of Brazil (ANP), Alvopetro Energy Ltd. is pleased to announce that we were the succes...
Parnaiba Gas Natural & ENGIE Awarded 2 Blocks in the 13th Bidding Round
Brazil >> 10/7/2015 - Parnaiba Gas Natural (PGN) informs that the consortium composed by PGN (65%, operator) and ENGIE (35%, through its affiliate GDF SUEZ E&P Brasil Participaçoes Limitada) acquired exploration blocks PN-...
Parnaiba Gas Natural Awarded 6 Blocks in the 13th Bidding Round
Brazil >> 10/7/2015 - Parnaiba Gas Natural (PGN) succeeded in winning all of the 6 blocks (representing an area of 18,000 Km2) for which the Company offered bids in the 13th Bidding Round held by the Brazilian National Pet...
Participation in the ANP’s 13th Bidding Round for Exploratory Blocks
Brazil >> 10/7/2015 - Petrobras hereby announces that it has not presented any proposals for the blocks offered during the 13th Exploratory Block Bidding Round of the National Petroleum, Natural Gas and Biofuel Agency (ANP...
Acquisition of Remaining 36% of Pirity Concession, Paraguay
Paraguay >> 10/6/2015 - President announces has entered into a sale and purchase agreement (“SPA”) through its wholly owned subsidiary President Energy Paraguay S.A. (“Prepasa”), to acquire the entire 36% interest held by Pi...
Russian Billionaire Fridman Nears Deal for E.ON's North Sea Assets
Russia >> 10/6/2015 - Russian billionaire Mikhail Fridman's LetterOne fund has emerged as the frontrunner for the acquisition of German utility E.ON's Norwegian North Sea assets, three industry and banking sources said. ...
Aramco Will Buy CNPC Refinery Stake, Retail Assets
Saudi Arabia >> 10/6/2015 - Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said - a deal that ...
KKR-Backed Mandala Energy Farms in to 35% Stake in Lemang PSC
Indonesia >> 10/5/2015 - Ramba Energy has announced that Mandala Energy will farm in to a 35% participating interest in the Lemang Production Sharing Contract from Ramba’s subsidiary PT Hexindo Gemilang Jaya (Hexindo), subjec...
Aminex Provides Kiliwani North Update
Tanzania >> 10/5/2015 - Aminex advises that the Tanzania Petroleum Development Corporation (TPDC) has notified the Company of its intention to acquire a 5% working interest in the Kiliwani North Development Licence (KNDL) an...
MX Oil Provides Update on Mexico Operations
Mexico >> 10/5/2015 - MX Oil plc is pleased to provide an update on the progress it is making in Mexico together with its partner Geo Estratos ('Geo') with regards to the on-going Bid Round 1 Licensing round and its effort...

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