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Acquisitions and Divestitures News

Noreco Norway Divests Oselvar Interests for NOK 201 Million
Norway >> 7/1/2015 - Noreco Norway AS, a subsidiary of Norwegian Energy Company ASA (Noreco), announced the sale of its 15 per cent participating interests in the Norwegian shelf licenses PL274 and PL 274 CS, which includ...
Energy XXI Closes East Bay Field Sale for $21 Million
United States >> 7/1/2015 - Energy XXI has closed on the sale of the East Bay Field for $21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exc...
KazMunaiGas Seeks to Sell 50% of Kashagan Stake to State Fund
Kazakhstan >> 7/1/2015 - Kazakh state oil company KazMunaiGas (KMG) said it plans to sell 50 percent of its stake in the Kashagan oilfield to the sovereign wealth fund Samruk-Kazyna and use the proceeds to reduce its debt. ...
Sale of Interest in Concessions of Bijupira and Salema
Brazil >> 7/1/2015 - Petrobras has signed with PetroRio S.A. the celebration of the contracts regarding the sale of 20% of its interest in the concessions of Bijupira and Salema fields, operated by Shell. The transaction ...
Nobel Oil Services Buys 50% of British Company’s Azerbaijan Fabrication Businesses
Azerbaijan >> 6/30/2015 - Nobel Oil Services (UK) Ltd acquired 50 % of Denholm Oilfield Services Limited’s fabrication business in Azerbaijan. Denholm confirmed that it has sold 50% of its interests in SDL Denholm Limited and ...
Oando Signs Agreement to Sell Its Stake in Downstream Businesses
Nigeria >> 6/30/2015 - Oando Plc, an integrated oil and gas company headquartered in Nigeria, is pleased to announce that a definitive agreement has been executed with HV Investments II B.V., (“HVI”), a joint venture owned ...
Sale of US & Cooper Basin Assets
Australia >> 6/29/2015 - New Standard Energy Limited (New Standard or Company) is pleased to announce that it has reached agreement with Sundance Energy Ltd (ASX:SEA, Sundance) for the sale to Sundance of New Standard’s Uni...
African Petroleum Signs Agreement for Block CI-513
Ivory Coast (Cote D'Ivoire) >> 6/29/2015 - African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce that it has signed a binding joint bidding agree...
Africa Energy Withdraws from Puntland, Somalia Blocks
Somalia >> 6/29/2015 - Africa Energy Corp. (Africa Energy, previously Horn Petroleum Corp., or the "Company") has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 ...
Tethys Petroleum Limited Agrees Exclusivity Period Extension
Kazakhstan >> 6/29/2015 - Tethys Petroleum Limited (Tethys) is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 ("AGR Energy") until midnight Tuesday June 30th, 2015...
New Development Agreement & Update on Litigation
Indonesia >> 6/25/2015 - Highlights: ...
Three Year BNG License Extension Granted
Kazakhstan >> 6/25/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the licence for its flagship BNG Contract Area has been successfully renewed for a further period of...
Saudi Aramco Wants to Raise Stake in Luksar
Saudi Arabia >> 6/24/2015 - Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 percent, the chief executive of the Russian company said on Wednesday. 'They are in...
Staatsolie and Apache Corporation sign PSC for Offshore Block 58
Suriname >> 6/24/2015 - Staatsolie Maatschappij Suriname NV and American Apache Corporation have signed a production sharing contract for exploration, development and production of offshore Block 58. ...
Chevron Selling 40% Stakes in Two Nigerian Oil Blocks
Nigeria >> 6/24/2015 - U.S. oil company Chevron Corp said it was selling its 40 percent stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area. ...
Clontarf Provides Update on Peruvian Operations
Peru >> 6/22/2015 - Clontarf Energy plc holds a 3% over-riding royalty in Peruvian Block 183 in the central Peruvian forested foothills. This 3% over-riding royalty is capped at US$5 million per oil and / or gas discove...
Russia's Bashkortostan to Get Stake in Bashneft Oil Firm
Russia >> 6/22/2015 - Russian President Vladimir Putin has signed a decree on transferring a 25 percent plus one share stake in medium-sized oil producer Bashneft to the region of Bashkortostan, Interfax news agency said. ...
Energy XXI Signs Grand Isle Gathering System Sale Agreement for $245m
United States >> 6/22/2015 - Energy XXI has executed a purchase and sale agreement to monetize the Grand Isle Gathering System (GIGS) to CorEnergy Infrastructure Trust, Inc. (CorEnergy) for $245 million in cash plus the assumptio...
Total Sells Its Interest in the Schwedt Refinery to Rosneft
Germany >> 6/19/2015 - Total has signed an agreement to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The ...
Total & Rosneft Signed a Sale and Purchase Agreement
Russia >> 6/19/2015 - Total S.A. and Rosneft signed at the St. Petersburg International Economic Forum an agreement, confirming the execution of a sale and purchase agreement with regard to the 16.67% share in PCK Raffiner...

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