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Acquisitions and Divestitures News

Rosneft in Talks to Allow China into Offshore Arctic Projects
Russia >> 11/16/2015 - Russia's Rosneft is in talks with Chinese companies to allow them to take part in its offshore Arctic projects, the RIA news agency quoted Russian Deputy Energy Minister Anatoly Yanovsky as saying. ...
SacOil Provides Update Related to OPL281
Nigeria >> 11/12/2015 - As previously announced to shareholders on 1 April 2015, SacOil terminated its participation with Transnational Corporation of Nigeria Plc (“Transcorp”), the operator of Oil Prospecting Licence 281 (“...
OMNIS Transfers Afren's Interest in Block 1101 to Oyster
Madagascar >> 11/12/2015 - Oyster Oil and Gas Ltd. has noted the widely reported demise of the Afren group, and also the recent release of its formerly held interests in Block 1101 in Madagascar. The Company is pleased to confi...
Encana Completes Sale of its Haynesville Natural Gas Assets
United States >> 11/12/2015 - Encana Corporation through its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its Haynesville natural gas assets, located in northern Louisiana, t...
SOCAR Says Looks at Stakes in Egypt Oil Refineries
Egypt >> 11/10/2015 - Azeri state energy firm SOCAR is interested in buying stakes in refineries in Egypt and in participation in the African country's oil refining sector, SOCAR's president said. ...
Vitol to Buy 15% Stake in Pakistan Oil Marketer Hascol
Pakistan >> 11/10/2015 - Global oil giant Vitol will acquire 15 percent of Pakistani oil company Hascol Petroleum Ltd, with an option to buy another 10 percent within one year, Hascol said. ...
Marathon Oil Signs Agreement for Divestiture of GOM Assets
United States >> 11/9/2015 - Marathon Oil Corporation has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fiel...
Hibiscus Petroleum to Acquire Hydra Energy Holdings
Malaysia >> 11/9/2015 - Hibiscus Petroleum has executed a binding term sheet to acquire 100 percent of the outstanding shares of Hydra Energy Holdings. Subject to shareholder and regulatory approvals, and the satisfaction of...
Africa Oil Farms-Out Kenya & Ethiopia Blocks to Maersk Oil
Kenya >> 11/9/2015 - Africa Oil Corp. (Africa Oil) has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group (Maersk) whereby Maersk will acquire 50%...
Rosneft Offers Japan Chance to Join East Siberia & Far East Projects
Russia >> 11/8/2015 - Russia's Rosneft, the world's top listed oil producer by output, has offered Japanese companies a chance to join projects in Russia's East Siberia and Far East, Chief Executive Igor Sechin said. ...
Tellus Petroleum AS Acquires 15 % of the Gina Krog Unit from Total
Norway >> 11/7/2015 - Tellus Petroleum AS, a subsidiary of Sequa Petroleum N.V., is pleased to announce that the company has entered into an agreement with Total E&P Norge AS to purchase 30 % interests in PL 029 B, 14.78 %...
Iran Says Oil Firms Need Local Partners
Iran >> 11/7/2015 - Iran says its new format of oil sector contracts requires foreign companies to form partnerships with local firms over the projects they plan to take up in the country. ...
Completion of Acquisition of Interests in UK Blane & Enoch Fields
United Kingdom >> 11/6/2015 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the UK and Norway, is pleased to announce that it has completed the ...
Soco Says no Longer Holds Congo Block Permit
Congo, Democratic Republic (Zaire) >> 11/3/2015 - Soco International no longer holds the exploration licence for the area in the Democratic Republic of Congo's national park where it pulled out of last year following environemntal protests. Soco cond...
Iran & Russia to Negotiate Oil, Gas Swap
Iran >> 11/2/2015 - A delegation from a major Russian oil company is scheduled to visit Tehran in near future for negotiations on swap of oil and gas, Deputy Petroleum Minister for International Affairs Amir-Hossein Zama...
Noreco Provides Update on Huntington Licence
Norway >> 11/2/2015 - Norwegian Energy Company ASA (Noreco) reports that its UK subsidiary, Noreco Oil UK, has been served a notice of default (the Notice) under the Joint Operating Agreement (JOA) governing the Huntington...
Nexans Sells its Argentinean Activities to a Local Player
Argentina >> 11/2/2015 - Nexans has reached a definitive agreement to sell its Argentinean operations and expects to close this transaction by the end of November 2015, subject to customary closing conditions.
Shell Completes Two Downstream Divestments
China >> 11/1/2015 - Royal Dutch Shell plc (Shell) announced the completion of two divestments from its global downstream portfolio. ...
Ecuador Talking to Occidental to Resolve Oil Assets Seizure
Ecuador >> 10/31/2015 - Ecuador is in talks with Occidental Petroleum Corp to seek an agreement over a roughly $1.77 billion award the Andean country was ordered to pay for seizing the U.S.-based company's assets in 2006, Pr...
Sasol & ENH Awarded 2 Blocks in Mozambique
Mozambique >> 10/30/2015 - Sasol has confirmed that two of its three applications in Mozambique’s 5th Licensing Round were successful. Sasol (70% interest, operator) and Empresa Nacional de Hidrocarbonetos (ENH), the state oil ...

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