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Acquisitions and Divestitures News

MX Oil Provides Update on Four Mexican Onshore Concessions
Mexico >> 2/4/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to provide an update in respect of the four Land Contract Areas (the "LCAs") it was awarded, alongside its local partner Geo Estratos (...
Rockhopper Provides Ombrina Mare Project Update
Italy >> 2/3/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and Greater Mediterranean region, provides the following update on the status ...
MX Oil Provides Update on Proposal for its Nigerian Investment
Nigeria >> 2/2/2016 - Further to its announcement on 25 January 2016, MX Oil is pleased to provide an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nige...
Statoil to Explore Offshore Uruguay
Uruguay >> 2/1/2016 - Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. ...
Serinus Commences Closing of Sale of Ukraine Interests
Ukraine >> 2/1/2016 - Serinus Energy Inc., is pleased to announce that it has commenced the process of closing the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entit...
Aminex Terminates Kiliwani North & Ruvuma Farmouts with Bowleven
Tanzania >> 2/1/2016 - Aminex PLC (Aminex) advises that the proposed disposal of a 25% interest in the Kiliwani North Development Licence and a 50% interest in the Ruvuma PSA to Bowleven PLC, announced to shareholders on 19...
Lundin Signs Farm-out Agreements in Malaysia
Malaysia >> 2/1/2016 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS B.V. (“DYAS”) for par...
Update on Proposed Acquisition of E.ONs UK North Sea Assets
United Kingdom >> 2/1/2016 - On 13 January 2016, Premier had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus completion adjustments. The proposed acquisition, which will be f...
Trident Petroleum Signs Exploration Agreement Worth $4.5m
Trident Petroleum Signs Exploration Agreement Worth $4.5m Egypt >> 1/31/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co and Egypt’s Trident Pe...
SKK Migas Extends Rengat PSC Exploration Period to November 2019
Indonesia >> 1/29/2016 - NuEnergy Gas Limited (NGY) wish to update that the Rengat Production Sharing Contract (PSC) drilling of the exploratory wells, RE-03, RE-04 and RE-05 has been successfully completed to the targeted de...
Sterling Energy Withdraws from Block C-3, Mauritania
Mauritania >> 1/29/2016 - Sterling Energy plc, the AIM listed upstream oil and gas company with interests in Africa, announces that its wholly owned subsidiary Sterling Energy Mauritania Limited (SEML) has submitted a notice o...
Bashneft Wins Rights for 5 Subsoil Areas in the Republic of Bashkortostan at Auction
Russia >> 1/27/2016 - At auctions for the right to conduct geological exploration, prospecting and production of hydrocarbons held by the Department of Subsoil Use of the Volga Federal District (Privolzhsknedra), Bashneft ...
Sound Energy Signs Agreement to Buy Further Sidi Moktar Interest
Morocco >> 1/26/2016 - Sound Energy, the Mediterranean focused upstream gas company, has reached heads of agreement with PetroMaroc Corporation Plc in respect of Sound Energy's acquisition of PetroMaroc's 50% operated inter...
Aramco IPO Could be Open to International Markets
Saudi Arabia >> 1/24/2016 - In initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi energy reserves, the company's chairman told Sau...
CNPC Takes Over Changbei Phase I Project from Shell
China >> 1/22/2016 - On January 20, at the turning-over ceremony of Changbei Phase I Project's operatorship held in Beijing, CNPC officially took on the role as operator of the project instead of Shell. ...
Russian Government Approves Sale of Yamal Stake to China Fund
Russia >> 1/22/2016 - The Russian government has approved the sale of a stake in the Yamal LNG plant to China's Silk Road Fund in a deal which should bring another $2 billion in investment for the project. ...
Extension to the BNG Contract Area
Kazakhstan >> 1/21/2016 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a 140.6 sq kilometers extension to the BNG Contract Area. ...
Chevron Seeks Buyers for 75% Stake in South African Unit
South Africa >> 1/21/2016 - Chevron Corp. said it was considering selling its 75 percent stake in its South African unit. Chevron has made a decision to solicit expressions of interest for the stake, a sale that would form part ...
Update on Petrogrand's Business
Russia >> 1/21/2016 - Following the Extraordinary Shareholders' Meetings in Petrogrand AB and Shelton Petroleum AB (currently Petrosibir AB) on 9 November 2015, the business combination of the two entities was completed in...
Mitsubishi Corporation Acquires Full Ownership of CIMA ENERGY, LTD.
Japan >> 1/20/2016 - Mitsubishi Corporation (MC) hereby announces that it has acquired all remaining partnership interest in its affiliated company, CIMA ENERGY, LTD. (CIMA), a Houston based oil and gas marketer, through ...

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