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Acquisitions and Divestitures News

Mitsubishi Corporation Acquires Full Ownership of CIMA ENERGY, LTD.
Japan >> 1/20/2016 - Mitsubishi Corporation (MC) hereby announces that it has acquired all remaining partnership interest in its affiliated company, CIMA ENERGY, LTD. (CIMA), a Houston based oil and gas marketer, through ...
Fortis Petroleum Norway Wins Four Licences in APA 2015 Round
Norway >> 1/20/2016 - Fortis Petroleum Norway AS has been awarded participating interests in four exploration licences in the Norwegian APA 2015 Licensing Round: ...
Chevron Will Not Extend Contract to Pperate Indonesia Oil & Gas Block
Indonesia >> 1/19/2016 - Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant said on Tuesday, as plunging crude prices hit producers around the world. ...
Eco Atlantic Granted License Offshore Guyana in Partnership with Tullow
Guyana >> 1/19/2016 - Eco (Atlantic) Oil & Gas Ltd. through its subsidiary, Eco (Atlantic) Guyana Inc. has been issued an interest in a Petroleum Prospecting License over the new Orinduik Block, offshore the Co-Operative R...
Statoil Awarded 24 Licences in APA Round 2015
Norway >> 1/19/2016 - In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner. ...
Norway Awards 56 Licences Offshore Norway in APA 2015 Round
Norway >> 1/19/2016 - The Ministry of Petroleum and Energy offers 56 exploration licenses on the Norwegian Continental Shelf (NCS) in the Awards in Pre-defined Areas 2015 (APA 2015) licensing round. ...
Colombia's ANH Revokes Range Resources' Exploration Blocks
Colombia >> 1/19/2016 - Range advises that it has received a notice from Agencia Nacional de Hidrocarburos (“ANH”), National Hydrocarbons Agency of Colombia, which states that the licences over the three exploration blocks, ...
Request for Ozenmunaigas 2015 MET Relief Denied
Kazakhstan >> 1/18/2016 - KazMunaiGas Exploration & Production (KMG EP) announces that Ozenmunaigas’s (“OMG”) request to temporarily have Mineral Extraction Tax (MET) relief for 2015, approved for the Uzen and Karamandybas fie...
Petro Vista Executes Binding Defintive Agreement for the Sale of Interest in Tartaruga Block
Brazil >> 1/18/2016 - Petro Vista Energy Corp. has entered into a binding sale and purchase agreement with Maha Energy Inc. (Maha) for the sale of its wholly owned Brazilian subsidiary Petro Vista Energy Petroleo do Brasil...
Shell Exits Development of Bab Sour Gas Reservoirs
United Arab Emirates >> 1/18/2016 - Following a careful and thorough evaluation of technical challenges and costs, Shell has decided to exit the joint development of the Bab sour gas reservoirs with ADNOC in the emirate of Abu Dhabi, an...
Australia's Carnarvon Takes Equity Stake in Singapore's Loyz Energy
Singapore >> 1/18/2016 - Loyz Energy Limited (Loyz Energy or the Company, and together with its subsidiaries, the Group), a fast-growing Singapore-based upstream energy group announced that Loyz Oil Thailand Pte Ltd (Loyz Oil...
Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited
Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited Egypt >> 1/17/2016 - Kuwait Energy plc is pleased to announce the signing of a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession fromits share, to Global Connect Limited; a recently esta...
Ophir Withdraws from Seychelles Farm-in Agreement with WHL Energy
Seychelles >> 1/16/2016 - Australian energy company WHL Energy refers to the farm-out agreement between Ophir Seychelles (Areas 1, 2 and 3),PetroQuest International and WHL Energy dated 4 March 2014. In accordance with the pro...
Russia's Lukoil Leaving Projects in Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 1/15/2016 - Russia's second-largest oil producer Lukoil is leaving projects in Ivory Coast, Interfax news agency reported, citing a source. Lukoil has been operating in the Gulf of Guinea offshore Ivory Coast sin...
Edison Looks To Sell Part of Egypt's Abu Qir Field
Edison Looks To Sell Part of Egypt's Abu Qir Field Egypt >> 1/14/2016 - Edison, Italy's No. 2 energy company owned by France's EDF, is trying to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers including Kuwait's KUFPEC, people famili...
Sound Energy Acquires Interest in Sidi Moktar
Morocco >> 1/14/2016 - Sound Energy, the Mediterranean focused upstream gas company, has entered into a binding agreement with Maghreb Petroleum Exploration S.A. for the purchase of MPE's 25% working interest in three onsho...
Mitra Energy Provides Update on Vietnam Gas Development Plan
Vietnam >> 1/14/2016 - Mitra Energy Inc. (MTE) is pleased to provide an update on the status of its gas development project in Vietnam as follows: ...
Premier to Acquire E.ON's UK North Sea Assets for $120m
United Kingdom >> 1/13/2016 - Premier Oil has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from ...
Saudi Government to Keep Controlling Stake in Aramco
Saudi Arabia >> 1/13/2016 - Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering of the world's largest oil firm, its chief executive said. ...
Sale of a Stake in Saipem
Italy >> 1/12/2016 - Reference is made to the sale by Eni S.p.A. (Eni) to Fondo Strategico Italiano S.p.A. of a stake in Saipem S.p.A., consisting of 55,176,364 ordinary shares that correspond to 12.5% of Saipem’s share c...

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