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Acquisitions and Divestitures News

Schlumberger Bid for Eurasia Stake Could Face New Conditions
Russia >> 9/15/2015 - The Russian government could set further conditions before approving U.S. company Schlumberger's bid for a stake in Russia's Eurasia Drilling, news agency RIA reported citing the head of Russia's anti...
Neighbors are Iran’s Best Trade Partners
Iran >> 9/13/2015 - US companies in contacts with Iranian counterparts have expressed their willingness to return to the Islamic Republic, but according to the Vienna nuclear agreement they are banned from presence in Ir...
Armour Energy Recommends Shareholders Reject Takeover Offer from China's Landbridge Group
China >> 9/9/2015 - The Directors of Armour Energy have provided an update on their consideration of the unsolicited, hostile and conditional takeover bid lodged by Westside Corporation (a subsidiary of China's Landbridg...
Bifold Purchase Strengthens the Rotork Flow Control Group
United Kingdom >> 9/8/2015 - Rotork has announced the acquisition of the Bifold Group Ltd. (Bifold), a leading manufacturer of pneumatic and hydraulic instrument valves and components. ...
Proposed Transaction to Farm-Out A 25% Working Interest in Lemang PSC
Indonesia >> 9/7/2015 - Ramba Energy has announced that on 6 September 2015 the Company entered into a memorandum of understanding (MoU) with a strategic investor to farm-out a 25% working interest in the Lemang production s...
Exclusivity on Second Moroccan Acquisition
Exclusivity on Second Moroccan Acquisition Morocco >> 9/7/2015 - Sound Oil, the Mediterranean focused upstream gas company, is pleased to announce that it has entered into an agreement with Maghreb Petroleum Exploration S.A, under which Maghreb has awarded Sound Oi...
Iran Invites German Firms to Talks Before Sanctions Lifted
Iran >> 9/6/2015 - Iranian Petroleum Minister Bijan Zangeneh urged German companies to take the opportunity and enter into negotiations with Iranian counterparts prior to the lifting of sanctions so that contracts can b...
Gazprom & OMV Sign Asset Swap Agreement
Russia >> 9/4/2015 - As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board signed today in Vladivostok an Agreement on ter...
ONGC Videsh to Acquire 15% interest in Vankor Field
Russia >> 9/4/2015 - ONGC Videsh Limited signed definitive agreements to acquire up to 15% shares in CSJC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and NorthVan...
Sequa Petroleum Receives Aksai Licence Extension
Kazakhstan >> 9/4/2015 - Sequa Petroleum has received confirmation from the Kazakh authorities that effective 17th July 2015 the Aksai subsoil use licence has been extended for a period of 3 years to continue the exploration ...
IFR Enter into Round 1.3 of Historic Mexico Energy Reform
Mexico >> 9/3/2015 - International Frontier Resources Corporation (IFR) has registered and been granted access to the National Hydrocarbons Commission (CNH) data room for the third tender of Mexico's oil and gas bidding r...
Petronas Company Signed Addendum to Memorandum with SOCAR
Azerbaijan >> 9/3/2015 - SOCAR President Rovnag Abdullayev received a delegation led by Datuk Wan Zulkiflee Wan Ariffin, President and CEO of Malaysian Petronas. Expressing gratitude for sincere welcome, Datuk Wan Zulkiflee W...
Rosneft & Sinopec Agree on the Joint Development of Russkoye and Yurubcheno-Tokhomskoye Fields
Russia >> 9/3/2015 - Rosneft and China Petrochemical Corporation (Sinopec) signed the Heads of Agreement on cooperation within the proposed joint development of Russkoye and Yurubcheno-Tokhomskoye fields. The document was...
NOVATEK & The Silk Road Fund Conclude Framework Agreement on Acquisition of Stake in Yamal LNG
Russia >> 9/3/2015 - Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK (“NOVATEK”) and China’s Silk Road Fund (“SRF”) conc...
Rosneft, Sberbank and Pietro Barbaro Close the Acquisition of Prime Shipping
Russia >> 9/1/2015 - The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the Russian Federation (100% share of Pr...
Trinity Exploration & Production Sells Non-Core Asset for $2.8m
Trinidad and Tobago >> 9/1/2015 - Trinity announces that as part of the ongoing review process it is divesting a non-core asset. Oilbelt Services Limited ("Oilbelt"), a fully owned subsidiary of Trinity, has signed a Sale and Purchas...
Pacific Exploration & Production Awarded Block 192
Peru >> 9/1/2015 - Pacific Exploration & Production Corp. through its wholly-owned subsidiary Pacific Stratus Energy Del Peru S.A. has been awarded a two-year contract to operate Block 192 by Perupetro S.A. (the State c...
BG Puts Thai Gas Field Stake Worth $1.2b on Sale
Thailand >> 9/1/2015 - BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand's huge Bongkot offshore gas field, people familiar ...
Acquisition of Interest in UK Producing Blane Field
United Kingdom >> 9/1/2015 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the conditional acquisitio...
Acquisition of Interest in UK Producing Blane Field
United Kingdom >> 9/1/2015 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the conditional acquisitio...

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