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Acquisitions and Divestitures News

Eni CEO Says Open to Selling Stake in Egypt Mega Gas Find
Eni CEO Says Open to Selling Stake in Egypt Mega Gas Find Egypt >> 8/31/2015 - Italian energy group Eni is open to selling a stake in its mega gas discovery in Egypt, as it has done for another gas field in Mozambique, its chief executive said in a newspaper interview published ...
Swala Energy Concludes Agreement to Exit Zambia
Zambia >> 8/31/2015 - Swala Energy Limited (Swala) advises that, following a review of its assets and operations and as part of its continuing cost reduction exercise, it has decided to exit from Zambia so that it can cont...
Asahi Kasei Completes Acquisition of Polypore
United States >> 8/27/2015 - Asahi Kasei Corp. completed its acquisition of Polypore International, Inc. on August 26, 2015, US Eastern time. ...
Galilee Energy Completes ATP 529P Acquisition from AGL Energy
Australia >> 8/27/2015 - Galilee Energy Limited (GLL) is pleased to announce the successful completion of its acquisition of the remaining 50% interest in ATP 529 P from AGL Energy Limited (AGL). ATP 529P is a coal seam gas p...
Tap Oil Signs PSC for Highly Prospective Myanmar Block
Myanmar >> 8/27/2015 - Tap Oil Limited is pleased to advise it has formalised its entry into Myanmar following the signing of the Production Sharing Contract for the shallow water Block M-7 in the Moattama Basin (PSC). Tap ...
Acquisitions of a Participating Interest in the Foz do Amazonas Basin of the Brazilian Amazon region
Brazil >> 8/26/2015 - JX Nippon Oil & Gas Exploration Corporation through its substantially wholly owned subsidiary, JX Nippon Oil & Gas Exploration (Brasil) Ltda. (“JX Brasil”), has executed a Farm-in Agreement with the B...
DNO Withdraws from Oman Exploration Blocks
Oman >> 8/26/2015 - Norwegian oil and gas operator DNO International ASA has confirmed that it has pulled out of two oil and gas blocks in the Sultanate. ...
Sterling Resources Completes Sale of Its Romanian Business to Gemini
Romania >> 8/26/2015 - Sterling Resources Ltd. is pleased to announce that it has completed the sale of its remaining Romanian business (the “Romanian Sale”) to The Carlyle Group (CG). The sale includes licence blocks 13 P...
SOCAR Confirms Interest in Acquiring DESFA Stake
Azerbaijan >> 8/26/2015 - Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency ...
Russia's Novatek to Sell 10% in Yamal LNG to Chinese Fund
Russia >> 8/24/2015 - Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant...
Sonangol to Acquire Cobalt’s Angola Blocks for $1.75 Billion
Sonangol to Acquire Cobalt’s Angola Blocks for $1.75 Billion Angola >> 8/24/2015 - The Angolan National Concessionaire Sociedade Nacional de Combustiveis de Angola – Empresa Publica (Sonangol) and Cobalt International Energy, Inc. (Cobalt) have signed a Sale and Purchase Agreement f...
ENOC to Acquire Remaining Dragon Oil Shares
United Arab Emirates >> 8/21/2015 - On 1 July 2015, the document containing (among other things) the full terms of and conditions to the Offer and the procedures for acceptance (the "Offer Document") was posted by ENOC to Dragon Oil Sha...
Lukoil Closes Deal on Selling Its Share in Caspian Investments Resources Ltd
Russia >> 8/20/2015 - PJSC LUKOIL closed a deal to sell its 50% share in Caspian Investments Resources Ltd. to China-based Sinopec. The required permits from the state authorities of the Republic of Kazakhstan were acquire...
Aurora Energy Offered Block in 14th Onshore Licensing Round Awards
United Kingdom >> 8/19/2015 - Aurora Energy Resources Limited (AER) has been advised it will be offered a block in the first tranche of the 14th Landward Licensing Round. The block is located in the vicinity of Blackburn, Lancash...
Gulf of Mexico Lease Sale Yields $22.7m in High Bids on 190,080 Acres
United States >> 8/19/2015 - The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) held an oil and gas lease sale for the Western Gulf of Mexico that drew $22,675,212 in high bids for tracts on the U.S. Outer ...
CNOOC Signs PSCs with ROC
China >> 8/19/2015 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07...
MX Oil Provides an Update with Regards to the on-Going Bid Round 1
Mexico >> 8/18/2015 - MX Oil plc is pleased to announce 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 effor...
Cuadrilla Offered New Onshore Oil & Gas Licences in Yorkshire
United Kingdom >> 8/18/2015 - Cuadrilla is pleased to announce it has been offered two new exploration licences, as part of the UK Government’s 14th Round for onshore oil and gas licences. The licences, each one approximately 100k...
Hutton Expands Its Position in the UK Onshore Licensing Round
United Kingdom >> 8/18/2015 - Hutton Energy Ltd has been offered three licenses in the first tranche in the UK 14th Onshore Licensing Round. These licenses are an addition to Hutton’s existing licenses in the East Midlands bringin...
IGas Offered New Blocks in 14th Onshore Licensing Round
United Kingdom >> 8/18/2015 - IGas, one of the leading producers of hydrocarbons onshore in Britain, is pleased to announce that the Company has been offered a total of 6 new licences, covering 7 blocks, in the first group of lice...

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