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Acquisitions and Divestitures News

Hess to Sell Half of Bakken Midstream Assets for $2.68 billion
United States >> 6/11/2015 - Hess Corporation announced that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensiv...
Petro Matad Gets Government Approval of Farmout of Blocks IV & V
Mongolia >> 6/11/2015 - The Board of Directors of Petro Matad is pleased to announce that the Government of Mongolia has formally approved the farmout of a portion of Petro Matad's participating interests in Blocks IV and V ...
Essel Group ME to Invest into Simba's African Assets
Kenya >> 6/11/2015 - Essel Group Middle East, has signed an Agreement to invest into Simba's exploration assets to earn a 60% participating interest in the portfolio of the African oil and gas exploration projects owned b...
Saka Energi Emerges as Serious Player in Indonesia Oil & Gas Industry
Indonesia >> 6/11/2015 - PT Saka Energi is being taken more seriously in Indonesia's upstream oil and gas sector, having grown by making several asset acquisitions in the last few years. ...
KBR Announces Sale of its Building Group Subsidiary
United States >> 6/10/2015 - KBR announced it has agreed to sell its Building Group subsidiary to Pernix Building Group, LLC, a subsidiary of Pernix Group, Inc. The sale of the Building Group is consistent with the company's rest...
Statoil Selling at Forus, Signing a 15-Year Lease Agreement
Norway >> 6/9/2015 - Statoil has entered into an agreement with Colony Capital, Inc. for sale of the company’s head office building at Forus (Stavanger, Norway). At the same time the company is signing a 15-year lease agr...
Petrel Energy Farming out Uruguay Concessions
Uruguay >> 6/9/2015 - Following the receipt of unsolicited interest from several parties regarding early stage participation in its Uruguay concessions, Petrel Energy Limited and, its 51% owned partner-operator, Schuepbach...
Serinus Granted a New Licence in Ukraine
Ukraine >> 6/8/2015 - Serinus Energy Inc., is pleased to announce that KUB-Gas LLC (“KUB-Gas”), Serinus’ indirectly 70% owned subsidiary, has been granted a new concession in eastern Ukraine. The West Olgovskoye block was ...
BPZ Energy Puts All Assets up for Sale
Peru >> 6/8/2015 - BPZ Energy announced that its Board of Directors has determined that it is in the best interest of the Company's stakeholders for the Company to undertake an organized process to attempt to sell, in a...
Sound Oil Signs Farm-In Agreement for Tendrara Licence
Sound Oil Signs Farm-In Agreement for Tendrara Licence Morocco >> 6/8/2015 - Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to declare that it has entered into a farm in agreement with the Moroccan Oil and Gas Investment Fund ("OGIF") in relation...
Maxim Signs Extension to Its Reconnaissance Concession on Hassi Berkane
Maxim Signs Extension to Its Reconnaissance Concession on Hassi Berkane Morocco >> 6/7/2015 - Maxim Resources Inc., is pleased to announce that it has signed a 6 month extension to its Reconnaissance Concession Authorization in respect of the Hassi Berkane Block in the Kingdom of Morocco with ...
Serica Completes Acquisition of 18% Interest in Erskine Field
United Kingdom >> 6/5/2015 - Serica Energy plc is pleased to announce that the transaction to purchase an 18% interest in the producing North Sea Erskine Field from BP was completed on 4 June 2015. As a result Serica has acquired...
KTL to Buy 20% Stake in South Korea's Dae Kwang to Expand into North Asia
South Korea >> 6/5/2015 - Ropes and rigging specialist KTL Global Limited (KTL Global, and together with its subsidiaries, the Group) announced that it plans to acquire a 20 percent-stake in Korean rigging specialist, Dae Kwan...
Galilee to Acquire 100% of ATP 529P in Deal with AGL Energy
Australia >> 6/4/2015 - Galilee Energy has announced that AGL Energy has agreed to transfer its 50% interest in ATP 529P to Galilee. The transaction will be at no upfront cost to Galilee and is subject to the finalisation o...
Central Petroleum Acquires 50% of Mereenie field from Santos
Australia >> 6/4/2015 - Central Petroleum has agreed to acquire to acquire a 50% interest in the Mereenie oil & gas field from Santos and assume Operatorship of the field in the Northern Territory’s Amadeus Basin. The move w...
Lukoil May Cut Price to Close Kazakh Deal with Sinopec
Russia >> 6/4/2015 - Russia's second largest oil company Lukoil is in talks with China's Sinopec over a stalled sale of assets in Kazakhstan, and is ready to cut its price by up to 10 percent, industry sources said. ...
Lukoil Optimizes Asset Structure in Baltic States
Russia >> 6/3/2015 - OAO LUKOIL signed a sale-and-purchase contract with Aqua Marina AS to sell it 100% shares of Lukoil Eesti AS, who owns a network of 37 gas-filling stations on Estonian territory. The deal will be clos...
IOG Set for Full Ownership of Skipper in North Sea
Norway >> 6/3/2015 - Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has signed a Sale and Purchase Agreement to acquire the 50% of licence P1609 containing the Skipper discovery from Alpha P...
Sterling Acquires Interest in Mauritania Block C-10 from Tullow
Mauritania >> 6/3/2015 - Sterling Energy plc, the AIM listed oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Sterling Energy Mauritania Limited (SEML), has signed a sale and purchase ...
BG Group Completes Sale of QCLNG Pipeline
BG Group Completes Sale of QCLNG Pipeline Australia >> 6/3/2015 - BG Group plc, a world leader in exploration and LNG, has completed the sale of its wholly-owned 543 kilometre pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Ga...

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