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Acquisitions and Divestitures News

ARKeX Awarded Offshore East Coast US Exploration Permit
United States >> 7/14/2015 - ARKeX Ltd. announced it has been awarded the first G&G oil and gas exploration permit by the Bureau of Ocean Management (BOEM). The ARKeX survey will acquire an airborne broadband gravity and magneti...
Local PETRONAS Licence Secured by Plexus' Malaysian JV Company
Malaysia >> 7/14/2015 - Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that Plexus Pr...
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...
Saipem Received Notification of Termination for Convenience of the South Stream BV Contract
Russia >> 7/9/2015 - Saipem informs that late in the evening of July 8th it received notification of the termination for convenience of the South Stream BV contract. ...
Rosneft Strengthens Asian Foothold to Counter Sanctions
India >> 7/9/2015 - Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit...
Azerbaijan President Open to Snam Taking Stake in TAP Project
Azerbaijan >> 7/9/2015 - Azerbaijan is open to Italian gas infrastructure group Snam taking a stake in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, President Ilham Aliy...
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...
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,...
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 ...
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...
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. ...
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. ...
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...
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...
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. ...

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