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Acquisitions and Divestitures News

Brazil Sells 9 of 10 Inactive, Marginal Areas Offered at Auction
Brazil >> 12/10/2015 - Brazil's oil regulator ANP raised 4.25 million reais ($1.12 million) with the sale of nine out of 10 marginal oil-rights concessions it offered at an auction of inactive areas. ...
ANP Asks Government to Extend Petrobras' Marlim Field Rights
Brazil >> 12/10/2015 - Brazil's oil industry regulator ANP asked the government to extend the concession to operate the giant Marlim offshore oil field of state-run oil company Petroleo Brasileiro SA that is scheduled to ex...
Soma Oil & Gas Applies for Somalia PSAs
Somalia >> 12/9/2015 - Soma Oil & Gas (Soma), the UK-registered oil and gas exploration company focused on Somalia, announces that, as per the terms of the Seismic Option Agreement (SOA), the company delivered the Explorati...
BP Bolsters West Nile Delta Interest
Egypt >> 12/9/2015 - BP Egypt completes its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The...
Petrobras Offers to Sell up to 10% of Libra Oil Field
Brazil >> 12/8/2015 - Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry,...
Trinity Reaches Agreement with LGO over Cancelled SPA of Interests in Tabaquite
Trinidad and Tobago >> 12/7/2015 - Trinity provides an update on the status of the Sale and Purchase Agreement (SPA) signed in November 2014 with LGO Energy plc (LGO) to sell Trinity's interests in Tabaquite E&P Company Limited (TEPCL)...
License Extension, SLB Results and Joint Broker
Russia >> 12/7/2015 - Ruspetro plc (RPO), an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, is pleased to announce that the Group's Palyanov...
ANP Approves 40% Stake for PetroRio in Polvo Field
Brazil >> 12/4/2015 - Petro Rio S.A. announces that received the confirmation from the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis - ANP) fo...
Simba Completes Definitive Agreement with EGME for Block 2A
Kenya >> 12/3/2015 - Simba Energy Inc. (Simba) has executed a definitive farmout agreement (Definitive Agreement) with Essel Group Middle East DMCC (Essel Group Middle East) on Block 2A in Kenya wherein Essel Group Middle...
Providence to Acquire 60% Interest in OPL 1
Ireland >> 12/3/2015 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, through its wholly owned subsidiary, Exola Limited, Providence has entered into an exclusive option agreement (the “Option...
CNOOC Signs PSC with Husky
China >> 12/3/2015 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Blo...
Pre-Qualification Confirmed for Upcoming Mexican Onshore Bid Round
Mexico >> 12/2/2015 - MX Oil plc has been notified by the National Hydrocarbons Commission (CNH) that the Company, together with its partner Geo Estratos (Geo), has pre-qualified to participate in the third phase of the Bi...
Renaissance Oil Prequalified for the Mature Field Auction In Mexico
Mexico >> 12/2/2015 - Renaissance Oil Corp. has received notification from the Comision Nacional de Hidrocarburos (CNH) of Mexico that the Company has been prequalified to participate in the Call 3 of Round 1 auction of 2...
Northcote Withdraws from Mexico Bid Round Pre-Qualification Process
Mexico >> 12/2/2015 - Northcote provides the following announcement in respect to its Mexico Bid Process. As per the announcements dated 4 September 2015 and 9 October 2015, the Company had entered the data room and submi...
North Energy Farms out PL 707 to Lime Petroleum
Norway >> 12/2/2015 - North Energy ASA has signed a sale and purchase agreement with Lime Petroleum Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 707 to Lime. This transaction fo...
INEOS Completes Deal to Acquire DEA UK North Sea Gas Fields
United Kingdom >> 12/1/2015 - INEOS completed the purchase of the North Sea natural gas assets of DEA Deutsche Erdoel AG, which is owned by L1 Energy. The platforms, infrastructure and the highly skilled team that runs them will f...
Statoil to Divest Interest in Trans Adriatic Pipeline for EUR 208 million
Statoil to Divest Interest in Trans Adriatic Pipeline for EUR 208 million Azerbaijan >> 12/1/2015 - Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Sna...
Rosneft Have Closed the Acquisition of 16.67% Share in PCK Raffinerie GmbH from Total
Russia >> 12/1/2015 - Rosneft and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH ...
Sterling Provides Update on the Ntem Concession
Cameroon >> 12/1/2015 - Sterling Energy has provided an update on the Ntem Concession, offshore Cameroon. The Company is aware that Société Nationale des Hydrocarbures ('SNH'), the state oil company of Cameroon, has included...
Green Light to the Drilling Campaign Offshore Mexico
Mexico >> 12/1/2015 - Eni signed in Mexico City with the Comision Nacional de Hidrocarburos of Mexico (CNH) a Production Sharing Contract (PSC) for the development and exploitation of the Amoca, Mizton and Tecoalli oil fi...

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