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Acquisitions and Divestitures News

Croatia Awards 6 Onshore Oil & Gas Exploration Licenses
Croatia (Hrvatska) >> 6/2/2015 - Three companies will share six licences to explore for oil and gas in Croatia's northern Drava river basin and in the east of the country, the Zagreb government said on its website on Tuesday, ahead o...
China's Landocean Partners CPHLC in Block D Exploration in Cambodia
Cambodia >> 6/2/2015 - Singapore-listed Mirach Energy Limited’s (MIRACH) associated company, CPHL Cambodia Co. Ltd., (CPHLC) signed a Project Cooperation Agreement for Cambodia Offshore Block D (Block D) with two subsidiari...
Pancontinental & PTTEP Withdraw from Kenya Block L10A
Kenya >> 6/1/2015 - Pancontinental Oil & Gas NL and its L10A joint venture partner PTTEP of Thailand (PTTEP) have issued Operator BG Kenya L10A Limited (BG) notices of withdrawal from Block L10A in the Lamu Basin offshor...
Delek Looks to Increase Stake in Cyprus Gas Field
Cyprus >> 6/1/2015 - Delek Group has begun preliminary negotiations with Noble Energy International, Ltd. (Noble Cyprus) for the acquisition of 19.9% of its share in Block 12 in Cyprus. For a general description of the ri...
INEOS ChlorVinyls Completes Sale of Interest in China’S Suzhou Huasu Plastics
China >> 6/1/2015 - INEOS ChlorVinyls has completed the sale of its 35.7% interest in Suzhou Huasu Plastics, China, to Westlake Chemical Corporation. This brings to an end INEOS ChlorVinyls’ involvement in this PVC Joint...
Sun Plastech Acquires of Novachem
United States >> 6/1/2015 - Sun Plastech Inc. (Parsippany, NJ), the manufacturer of the leading purging compound ASACLEAN™, announced that it has signed an agreement to purchase substantially all of the assets of NOVACHEM, a man...
Swala Energy Successfully Farms-out of Tanzanian Licences
Tanzania >> 6/1/2015 - Swala Energy Limited (Swala) is pleased to announce that Swala Oil and Gas (Tanzania) Plc (Swala Tanzania) has reached agreement with Tata Petrodyne Limited (TPL), a subsidiary of the multinational Ta...
ONE Completes Acquisition of Sean Assets from Shell & Esso
United Kingdom >> 6/1/2015 - Amsterdam based Oil and Gas producer Oranje-Nassau Energie B.V. (ONE) announced the successful completion of the acquisition of a 50 per cent interest in the Sean field. ONE has taken over operatorshi...
Total CEO Says No Reason to Sell Hutchinson Currently
France >> 5/29/2015 - Total's chief executive said the French oil major saw no reason currently to sell its Hutchinson rubber unit and that the group will explain in due time what its plans are for the business. ...
Finalisation of Interest in Tarfaya Offshore Block
Morocco >> 5/29/2015 - 88 Energy is pleased to declare that it has received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalising the divestment of the i...
Pertamina Proposes to Take Over Sanga-Sanga Oil Block
Indonesia >> 5/29/2015 - Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, t...
Statoil Awarded Licences Offshore Nicaragua
Norway >> 5/29/2015 - Statoil was today awarded four licences offshore the Nicaraguan Pacific. ...
Wartsila Completes Acquisition of L-3 Marine Systems International
Germany >> 5/29/2015 - Wartsila Corporation announces that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wartsila with effec...
Premier Oil Exits Kenya Block 2B Joint Venture
Kenya >> 5/28/2015 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, provides an update on the status of Block-2B, onshore Kenya. Tower has received formal notification from Li...
Petrobras Abandons Deepwater Prospect in Brazil’s Top Region
Brazil >> 5/27/2015 - Brazil’s state-controlled oil company Petroleo Brasileiro SA abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries. ...
PL802 Farm Down and PL602 Withdrawal
Norway >> 5/27/2015 - P/F Atlantic Petroleum announces that Statoil will exercise their option to take 10% of the PL802 licence in the Norwegian Sea. This will leave Atlantic Petroleum with 10% equity in License PL802 cont...
Woodside Pulls out of Farm-in to Lake Tanganyika South PSA
Tanzania >> 5/27/2015 - Beach Energy Limited (Beach) has been advised by Woodside Energy (Tanzania) Limited (Woodside) that it has decided not to enter into the next period of the exploration program relating to the Lake Tan...
Chevron to Release Documents in Lawsuit over Nigerian Oil Leases
Nigeria >> 5/26/2015 - Chevron USA and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two companies and other entities to the Nigerian oil company that has sued ...
Israeli Regulator to Resign, May Free Up Noble & Delek
Israel >> 5/25/2015 - Israel's anti-monopoly regulator, who has been pushing to open the energy sector to competition, said on Monday he would step down in August, potentially lifting the pressure on exploration companies ...
NuEnergy Gas Acquires Dart Indonesia's CBM Assets in Sumatra
Indonesia >> 5/21/2015 - NuEnergy Gas Ltd., an Australian gas and ancillary power generation development company focused on unconventional gas exploration and production in Indonesia, disclosed the conditional Share Purchase ...

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