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Acquisitions and Divestitures News

Petroceltic Interest Transfer to Subsidiary Approved
Petroceltic Interest Transfer to Subsidiary Approved Algeria >> 7/24/2015 - Petroceltic International plc, the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions is pleased to announce the approval by t...
RMP Farm-In to Otto's Block SC55 Receives Approval
Philippines >> 7/24/2015 - Red Emperor Resources NL (RMP) is pleased to announce that it has today received formal notification from the Department of Energy of the Republic of the Philippines that approval for the assignment o...
Pemex to Submit Rest of Deep Water Tie-Up Requests in August
Mexico >> 7/24/2015 - Mexico's Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil compan...
SOCAR Plans to Reduce Stake in Turkey's Petkim
Azerbaijan >> 7/22/2015 - Azeri state energy company SOCAR plans to sell part of its stake in Turkish petrochemicals company Petkim to cash in on a rise in its share price, SOCAR's president was quoted as saying by Azeri news ...
Xplorer to Acquire Interest in Five Permits in Western Sahara
Western Sahara >> 7/21/2015 - The board of directors of Xplorer has signed a memorandum of understanding (MoU) for the acquisition of a significant working interest in five shallow offshore exploration permits off the coast of Mor...
KKR Acquires an 80% Stake in Gestamp Solar
Spain >> 7/21/2015 - KKR a leading global investor, has reached a definitive agreement to acquire from Gestamp Renewables an 80% stake in Gestamp Asetym Solar, S.L. (Gestamp Solar), a premier global solar PV developer and...
Premier Oil Awards 2 Blocks in Mexico’s Round 1
Mexico >> 7/16/2015 - Premier together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, has been awarded Blocks 2 and 7 in Mexico’s Round 1 held in Mexico City on 15 July. The Blocks contain nu...
Expiry of Guyana Acquisition
Guyana >> 7/16/2015 - Petro-Victory Energy Corp. announces that, further to the Company's press release dated May 12, 2015 , the acquisition of certain assets in Guyana did not consummate prior to May 22, 2015 , nor did th...
Frontera & Naftogaz of Ukraine Sign Strategic MoU for Upstream and LNG Cooperation
Ukraine >> 7/15/2015 - Frontera Resources Corporation, an independent international oil and gas exploration and production company, today announces that on 13 July 2015 it signed a strategic Memorandum of Understanding (“MO...
Local PETRONAS Licence Secured by Plexus' Malaysian JV Company
Malaysia >> 7/14/2015 - Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that Plexus Pr...
ARKeX Awarded Offshore East Coast US Exploration Permit
United States >> 7/14/2015 - ARKeX Ltd. announced it has been awarded the first G&G oil and gas exploration permit by the Bureau of Ocean Management (BOEM). The ARKeX survey will acquire an airborne broadband gravity and magneti...
LGO Energy Update on Aacquistion of BOLT's Cedros Peninsula Assets
Trinidad and Tobago >> 7/9/2015 - LGO announces further progress on its Cedros Peninsula interests in the south west of Trinidad where it has entered into a further agreement with Beach Oilfield Limited ("BOLT") as part of the previou...
Azerbaijan President Open to Snam Taking Stake in TAP Project
Azerbaijan >> 7/9/2015 - Azerbaijan is open to Italian gas infrastructure group Snam taking a stake in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, President Ilham Aliy...
Saipem Received Notification of Termination for Convenience of the South Stream BV Contract
Russia >> 7/9/2015 - Saipem informs that late in the evening of July 8th it received notification of the termination for convenience of the South Stream BV contract. ...
Rosneft Strengthens Asian Foothold to Counter Sanctions
India >> 7/9/2015 - Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit...
Pemex to Skip First Phase of Mexico Round One Oil Tender
Mexico >> 7/8/2015 - Mexican state oil giant Pemex will not participate in the first phase of the so-called round one tender of Mexico's historic enegy opening, Mexican energy minister Pedro Joaquin Coldwell said. ...
Gazprom Discusses Nord Stream 2 Participation with BASF
Russia >> 7/7/2015 - Russian gas giant Gazprom said it had discussed with BASF the possibility of the German firm participating in its Nord Stream 2 gas pipeline project. Gazprom's current partners in Nord Stream 2 - a pl...
KBR Finalizes Sale of its Building Group Subsidiary to Pernix
United States >> 7/7/2015 - KBR finalized the sale of its Building Group subsidiary to Pernix Building Group, LLC, a subsidiary of Pernix Group, Inc. The sale of the Building Group completes a major aspect of the business transf...
Providence Acquires Atlantic Petroleum’s Interest in FEL 3/04
Ireland >> 7/6/2015 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, is pleased to provide an update on Frontier Exploration Licence (“FEL”) 3/04, which lies in c. 1,500 metre water depth in ...
ACL Purchases an Additional Northern Sumatra Oil & Gas Assets
Indonesia >> 7/6/2015 - ACL International Ltd. is pleased to announce that it has acquired a 38.25% working interest in a Production Sharing Contract for a block referred to as "South Block A" (the "Assets") located onshore,...

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