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Acquisitions and Divestitures News

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...
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. ...
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...
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...
Rosneft & PetroRio Received ANP Approval for the Solimoes Project Transaction
Brazil >> 7/6/2015 - Rosneft Brasil (Rosneft subsidiary) and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 5...
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,...
Bashneft Receives Notice of Changes of Its Shareholders
Russia >> 7/3/2015 - PJSOC Bashneft received a notice from JSC Reestr, a registrar, about the changes of its shareholders. ...
Approval for Manufacture & Sale of XIAFLEX® in Japan
Japan >> 7/3/2015 - Asahi Kasei Pharma today obtained approval for the manufacture and sale of XIAFLEX* injection (generic name: collagenase clostridium histolyticum, development code: AK160) for the treatment of Dupuytr...
Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind
Indonesia >> 7/2/2015 - Indonesian state energy firm Pertamina said it was considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources. ...
Iona Sells Southern North Sea Gas Pipeline Stake
United Kingdom >> 7/2/2015 - Iona Energy Inc., a Canadian independent oil & gas company with assets in the UK North Sea is pleased to announce that its UK subsidiary, Iona Energy Company (UK) plc, has entered into a definitive sa...
Noreco Reaches Agreement with Partners in Denmark
Denmark >> 7/2/2015 - Norwegian Energy Company ASA (Noreco) has reached an agreement with its joint venture partners in Denmark with respect to its forfeited licences and related abandonment liabilities. ...
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...

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