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Acquisitions and Divestitures News

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...
Rosneft Filed the Registration of the 13th License Round in Brazil
Brazil >> 8/17/2015 - RN-Brasil, Rosneft subsidiary, registered as a participant in the 13th license round organized by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil). The registration is subjec...
Accenture to Acquire Schlumberger Business Consulting (SBC)
United States >> 8/17/2015 - Accenture (ACN) has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger, a global leader in oilfield services. The acquisition w...
Peru in Talks with Omega Energy and Two Other Firms on Oil Block
Peru >> 8/17/2015 - Peru is in talks with Omega Energy International and two other companies interested in operating the country's biggest oil block after a contract for the field failed to draw any bids last month, the ...
NNPC to Review Production-Sharing Contracts, Joint Ventures
Nigeria >> 8/16/2015 - The new head of the Nigerian National Petroleum Corp (NNPC) said he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the...
Primeline Completes Acquisition of Primeline Petroleum Corporation
China >> 8/14/2015 - Primeline Energy Holdings Inc. announced that, following receipt of disinterested shareholder approval at its Extraordinary General Meeting held on July 30, 2015, it has now completed the acquisition ...
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
Russia >> 8/14/2015 - A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareh...
Galicia Reaches in Principle Agreement to Sell Ukraine License
Ukraine >> 8/13/2015 - Galicia Energy Corporation Limited (GAL) announces that it has reached in principle agreement to the sale of Zinest Holdings, the holding company of its Ukraine oil and gas asset. The sale will enabl...
Galicia Reaches in Principle Agreement to Sell Ukraine License
Ukraine >> 8/13/2015 - Galicia Energy Corporation Limited (“GAL”) has reached in principle agreement to the sale of Zinest Holdings, the holding company of its Ukraine oil and gas asset. The sale will enable GAL to exit the...
Glencore to Cut Spending & Take $790m Writedown on Chad Oil Assets
Chad >> 8/13/2015 - Glencore cut back its spending plans for this year and said it would take a $790 million charge on oil assets in Chad after a fall in oil prices. ...
Beach Acquires AGL's Interest in Permit ATP 1056
Australia >> 8/12/2015 - Beach Energy has signed a binding agreement to acquire a 40% operating interest in the ATP 1056 permit from AGL Cooper Basin, a subsidiary of AGL Energy, for $1.15 million. ...
ConocoPhillips to Seek Buyers for Its Stake in South Natuna Block B
Indonesia >> 8/11/2015 - U.S. oil and gas company ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production sharing block it operates in the Natuna Sea, company and government...
LyondellBasell's Definitive Agreement to Acquire SJS Plastiblends
India >> 8/10/2015 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced that it has entered into a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd....
Rockhopper Strikes Deal with $22m for Beach Energy Assets in Egypt
Rockhopper Strikes Deal with $22m for Beach Energy Assets in Egypt Egypt >> 8/10/2015 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, is pleased to announce ...
Taipan Resources Enters LOI to Acquire 50% in PEL's Block 2769-13 (Salam)
Pakistan >> 8/10/2015 - Taipan Resources Inc. has entered into a non-binding letter of intent dated July 29, 2015 (the "Letter of Intent") with Petroleum Exploration Limited ("PEL") to acquire a 50% interest in PEL's Block 2...
Oyster Issues Default Notice to Afren
Madagascar >> 8/10/2015 - Oyster Oil and Gas Ltd. on Friday 7th August notified Afren PLC of its failure to meet and maintain the financial obligations for its wholly owned subsidiary EAX Madagascar Limited ("EAX") and has iss...
Shell to Sell Stake in Tongyi Lubricants to Huo’s Group & The Carlyle Group
China >> 8/7/2015 - Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016, subject to r...
Prumo Sells 20% of Brazil Acu Oil Terminal to Oiltanking
Brazil >> 8/6/2015 - Prumo Logistica SA agreed to sell 20 percent of its oil terminal at Brazil's Port of Açu to Germany's Oiltanking for $200 million, Prumo said. ...
Petromanas Receives Notification of Successful Bid on Block 4
Albania >> 8/6/2015 - Petromanas Energy Inc is pleased to announce that the Albanian National Agency of Natural Resources ("AKBN") has advised that the Company, together with its joint venture partner Royal Dutch Shell, is...
ExxonMobil to Increase Position in Permian Basin
United States >> 8/6/2015 - Exxon Mobil Corporation has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin. The two agreements include an acquisition and farm-in adjo...

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