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Acquisitions and Divestitures News

Brazil Sells 2 of 10 Blocks In Sergipe-Alagoas Offshore Basin
Brazil >> 10/7/2015 - * Brazil Oil And Gas auction sells 2 of 10 blocks In Sergipe-Alagoas offshore basin, winning bids had no competition ...
Participation in the ANP’s 13th Bidding Round for Exploratory Blocks
Brazil >> 10/7/2015 - Petrobras hereby announces that it has not presented any proposals for the blocks offered during the 13th Exploratory Block Bidding Round of the National Petroleum, Natural Gas and Biofuel Agency (ANP...
Russian Billionaire Fridman Nears Deal for E.ON's North Sea Assets
Russia >> 10/6/2015 - Russian billionaire Mikhail Fridman's LetterOne fund has emerged as the frontrunner for the acquisition of German utility E.ON's Norwegian North Sea assets, three industry and banking sources said. ...
Aramco Will Buy CNPC Refinery Stake, Retail Assets
Saudi Arabia >> 10/6/2015 - Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said - a deal that ...
Acquisition of Remaining 36% of Pirity Concession, Paraguay
Paraguay >> 10/6/2015 - President announces has entered into a sale and purchase agreement (“SPA”) through its wholly owned subsidiary President Energy Paraguay S.A. (“Prepasa”), to acquire the entire 36% interest held by Pi...
IRG & Nostra Terra Acquire Producing Assets in Egypt
Egypt >> 10/6/2015 - Independent Resources (IRG) announced the intention to establish a strategic joint venture company ('JVCO') owned 50-50 with Nostra Terra Oil & Gas focused on the acquisition of producing assets in th...
KKR-Backed Mandala Energy Farms in to 35% Stake in Lemang PSC
Indonesia >> 10/5/2015 - Ramba Energy has announced that Mandala Energy will farm in to a 35% participating interest in the Lemang Production Sharing Contract from Ramba’s subsidiary PT Hexindo Gemilang Jaya (Hexindo), subjec...
Aminex Provides Kiliwani North Update
Tanzania >> 10/5/2015 - Aminex advises that the Tanzania Petroleum Development Corporation (TPDC) has notified the Company of its intention to acquire a 5% working interest in the Kiliwani North Development Licence (KNDL) an...
MX Oil Provides Update on Mexico Operations
Mexico >> 10/5/2015 - MX Oil plc is pleased to provide 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 effort...
Statoil Enters UK Licence for Alfa Sentral Project
United Kingdom >> 10/2/2015 - On 2 October 2015, Statoil acquired First Oil’s 24% equity share in the UK licence for the Alfa Sentral field for USD 15 million. ...
Andes Terminates its Joint Venture Agreement in Brazil.
Brazil >> 10/2/2015 - Andes announces the termination of its joint venture agreement in Brazil. ...
Kuwait Energy Awarded EGPC 10% Interest in Block 9
Kuwait Energy Awarded EGPC 10% Interest in Block 9 Iraq >> 10/2/2015 - Kuwait Energy, an independent oil and gas company with assets across the MENA region is pleased to announce the completion of the assignment of 10% participating interest in Block 9, to Egyptian Gene...
Eni Enters Mexico with the Development of Three Oil Fields Offshore
Mexico >> 10/1/2015 - Eni won with a 100% share a Production Sharing Contract to appraise, develop and exploit the oil fields of Amoca, Mizton e Tecoalli, located in the Area 1 in the Campeche Bay, offshore Mexico, followi...
BASF & Gazprom Complete Asset Swap BASF Subsidiary Wintershall
Russia >> 10/1/2015 - BASF and Gazprom have completed the swap of assets with equivalent value effective at the end of September 30, 2015, financially retroactive to April 1, 2013. With the swap, BASF is further expanding ...
Mexico Gets Stronger Demand in Second Oil Auction, Eni Among Winners
Mexico >> 9/30/2015 - Mexico awarded three out of five offshore production-sharing contracts in the second phase of its historic oil sector opening, comfortably beating the disappointing results of the first phase and givi...
Petsec Completes Acquisition of 29.75% in Block 7
Yemen >> 9/30/2015 - Petsec Energy has completed the acquisition of both the Mitsui E&P Middle East (8.5%) and AWE Limited (21.25%) Participating Interests in the Block 7, Al Barqa Permit, in the Republic of Yemen – combi...
JV Partners Withdraw from Vietnam’s Offshore Block 121
Vietnam >> 9/30/2015 - Pan Pacific Petroleum NL (PPP / Company) reported that the Block 121 Joint Venture parties are withdrawing from the license in the Phu Khanh Basin offshore Vietnam following the unsuccessful drilling ...
Shell Awarded Deepwater Silistar Block, Offshore Bulgaria
Bulgaria >> 9/29/2015 - The company "Shell Exploration and Production (LIX) B.V." has been elected the holder of permit for deep-water prospecting and exploration of oil and natural gas in Blocks "1-14 Silistar" in the Black...
Parex Executes Agreement to Develop the Aguas Blancas Field
Colombia >> 9/29/2015 - Parex Resources Inc, a company focused on oil exploration and production in Colombia is pleased to announce the execution of a formal binding agreement with Empresa Colombiana de Petroleos S.A. ("Ecop...
Grana y Montero Participate in Peruvian Southern Gas Pipeline
Peru >> 9/29/2015 - Grana y Montero S.A.A. announced that after signing a Memorandum of Understanding with Odebrecht Latinvest, Grana y Montero Group agreed to participate with a 20% stake in the shareholder equity of Co...

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