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Acquisitions and Divestitures News

Sterling Completes Acquisition of an Interest in Block C-3
Mauritania >> 7/30/2015 - Sterling Energy plc, the AIM listed upstream oil and gas company with interests in Africa, is pleased to announce that completion has now occurred under the sale and purchase agreement between its who...
Subsea 7 Awarded $500m BP Contract Offshore Egypt
Subsea 7 Awarded $500m BP Contract Offshore Egypt Egypt >> 7/30/2015 - Subsea 7 S.A. declared the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egy...
SOCO Signs MoU for Blocks 125/126, Offshore Vietnam
Vietnam >> 7/30/2015 - On 29 July 2015, SOCO’s President and Chief Executive, Ed Story, attended a signing ceremony in Hanoi, Vietnam to sign a Memorandum of Understanding among SOCO, PetroVietnam and SOVICO Holdings regard...
Total Sells 20% Interest in West of Shetland Area for $876m
United Kingdom >> 7/29/2015 - Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (arou...
Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
Kazakhstan >> 7/29/2015 - Kazakhstan's sovereign wealth fund will sell 10 percent of shares in state oil firm KazMunaiGas to the central bank, the government said, in a move aimed at easing the debt burden of a company hit by ...
Belgian Chemical Firm Solvay Buys Cytec for $5.5B
Belgium >> 7/29/2015 - Solvay has entered into a definitive merger agreement with U.S.-based Cytec to acquire 100% of its share capital forUS$75.25per share in cash. The total cash consideration will amount toUS$5.5billion,...
Clontarf to Reapply for an Exploration Licence over Block Tano 2A
Ghana >> 7/28/2015 - The board of Clontarf Energy wish to announce that they have agreed with the Ghanaian authorities that Pan Andean Resources Ltd (Pan Andean), the Company's local subsidiary (60% Clontarf, 30% Petrel, ...
Vermilion Energy Farms in New Agreement in Germany
Germany >> 7/28/2015 - Vermilion Energy Inc. is pleased to announce that we have entered into a farm-in agreement (the "Farm-in" or the "Agreement") with Mobil Erdgas-Erd?l GmbH ("MEEG") and BEB Erdgas und Erd?l GmbH & Co.K...
Mart Resources Amended Agreemnet
Nigeria >> 7/27/2015 - Mart Resources, Inc announces that further to its press releases of June 15, 2015 and July 16, 2015, Midwestern and Mart have jointly agreed, pursuant to the terms of a second amending agreement, to f...
Termination of Agreement to Purchase Blocks 1(a) & 1(b)
Trinidad and Tobago >> 7/27/2015 - Trinity has been unable to extend the term of its agreement to complete the purchase of 80% interests in Blocks 1(a) & 1(b) from Centrica. Consequently the Sale & Purchase Agreement between Trinity an...
Petroceltic Interest Transfer to Subsidiary Approved
Petroceltic Interest Transfer to Subsidiary Approved Algeria >> 7/24/2015 - Petroceltic International plc, the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions is pleased to announce the approval by t...
RMP Farm-In to Otto's Block SC55 Receives Approval
Philippines >> 7/24/2015 - Red Emperor Resources NL (RMP) is pleased to announce that it has today received formal notification from the Department of Energy of the Republic of the Philippines that approval for the assignment o...
Pemex to Submit Rest of Deep Water Tie-Up Requests in August
Mexico >> 7/24/2015 - Mexico's Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil compan...
SOCAR Plans to Reduce Stake in Turkey's Petkim
Azerbaijan >> 7/22/2015 - Azeri state energy company SOCAR plans to sell part of its stake in Turkish petrochemicals company Petkim to cash in on a rise in its share price, SOCAR's president was quoted as saying by Azeri news ...
Xplorer to Acquire Interest in Five Permits in Western Sahara
Western Sahara >> 7/21/2015 - The board of directors of Xplorer has signed a memorandum of understanding (MoU) for the acquisition of a significant working interest in five shallow offshore exploration permits off the coast of Mor...
KKR Acquires an 80% Stake in Gestamp Solar
Spain >> 7/21/2015 - KKR a leading global investor, has reached a definitive agreement to acquire from Gestamp Renewables an 80% stake in Gestamp Asetym Solar, S.L. (Gestamp Solar), a premier global solar PV developer and...
Premier Oil Awards 2 Blocks in Mexico’s Round 1
Mexico >> 7/16/2015 - Premier together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, has been awarded Blocks 2 and 7 in Mexico’s Round 1 held in Mexico City on 15 July. The Blocks contain nu...
Expiry of Guyana Acquisition
Guyana >> 7/16/2015 - Petro-Victory Energy Corp. announces that, further to the Company's press release dated May 12, 2015 , the acquisition of certain assets in Guyana did not consummate prior to May 22, 2015 , nor did th...
Frontera & Naftogaz of Ukraine Sign Strategic MoU for Upstream and LNG Cooperation
Ukraine >> 7/15/2015 - Frontera Resources Corporation, an independent international oil and gas exploration and production company, today announces that on 13 July 2015 it signed a strategic Memorandum of Understanding (“MO...
ARKeX Awarded Offshore East Coast US Exploration Permit
United States >> 7/14/2015 - ARKeX Ltd. announced it has been awarded the first G&G oil and gas exploration permit by the Bureau of Ocean Management (BOEM). The ARKeX survey will acquire an airborne broadband gravity and magneti...

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