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Acquisitions and Divestitures News

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...
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...
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...
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 ...
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...
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...
Eni CEO Says Open to Selling Stake in Egypt Mega Gas Find
Eni CEO Says Open to Selling Stake in Egypt Mega Gas Find Egypt >> 8/31/2015 - Italian energy group Eni is open to selling a stake in its mega gas discovery in Egypt, as it has done for another gas field in Mozambique, its chief executive said in a newspaper interview published ...
Swala Energy Concludes Agreement to Exit Zambia
Zambia >> 8/31/2015 - Swala Energy Limited (Swala) advises that, following a review of its assets and operations and as part of its continuing cost reduction exercise, it has decided to exit from Zambia so that it can cont...
Galilee Energy Completes ATP 529P Acquisition from AGL Energy
Australia >> 8/27/2015 - Galilee Energy Limited (GLL) is pleased to announce the successful completion of its acquisition of the remaining 50% interest in ATP 529 P from AGL Energy Limited (AGL). ATP 529P is a coal seam gas p...
Tap Oil Signs PSC for Highly Prospective Myanmar Block
Myanmar >> 8/27/2015 - Tap Oil Limited is pleased to advise it has formalised its entry into Myanmar following the signing of the Production Sharing Contract for the shallow water Block M-7 in the Moattama Basin (PSC). Tap ...
Asahi Kasei Completes Acquisition of Polypore
United States >> 8/27/2015 - Asahi Kasei Corp. completed its acquisition of Polypore International, Inc. on August 26, 2015, US Eastern time. ...
DNO Withdraws from Oman Exploration Blocks
Oman >> 8/26/2015 - Norwegian oil and gas operator DNO International ASA has confirmed that it has pulled out of two oil and gas blocks in the Sultanate. ...
Sterling Resources Completes Sale of Its Romanian Business to Gemini
Romania >> 8/26/2015 - Sterling Resources Ltd. is pleased to announce that it has completed the sale of its remaining Romanian business (the “Romanian Sale”) to The Carlyle Group (CG). The sale includes licence blocks 13 P...
Acquisitions of a Participating Interest in the Foz do Amazonas Basin of the Brazilian Amazon region
Brazil >> 8/26/2015 - JX Nippon Oil & Gas Exploration Corporation through its substantially wholly owned subsidiary, JX Nippon Oil & Gas Exploration (Brasil) Ltda. (“JX Brasil”), has executed a Farm-in Agreement with the B...
SOCAR Confirms Interest in Acquiring DESFA Stake
Azerbaijan >> 8/26/2015 - Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency ...

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