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Acquisitions and Divestitures News

Petsec Completes Acquisition of 29.75% in Block 7
Yemen >> 9/30/2015 - Petsec Energy has completed the acquisition of both the Mitsui E&P Middle East (8.5%) and AWE Limited (21.25%) Participating Interests in the Block 7, Al Barqa Permit, in the Republic of Yemen – combi...
Shell Awarded Deepwater Silistar Block, Offshore Bulgaria
Bulgaria >> 9/29/2015 - The company "Shell Exploration and Production (LIX) B.V." has been elected the holder of permit for deep-water prospecting and exploration of oil and natural gas in Blocks "1-14 Silistar" in the Black...
Parex Executes Agreement to Develop the Aguas Blancas Field
Colombia >> 9/29/2015 - Parex Resources Inc, a company focused on oil exploration and production in Colombia is pleased to announce the execution of a formal binding agreement with Empresa Colombiana de Petroleos S.A. ("Ecop...
Grana y Montero Participate in Peruvian Southern Gas Pipeline
Peru >> 9/29/2015 - Grana y Montero S.A.A. announced that after signing a Memorandum of Understanding with Odebrecht Latinvest, Grana y Montero Group agreed to participate with a 20% stake in the shareholder equity of Co...
Russian Billionaire Fridman Asks Britain to Delay North Sea Deadline
Russia >> 9/28/2015 - Russian billionaire Mikhail Fridman's LetterOne fund has asked Britain to delay an October deadline to sell its North Sea assets after a first round of offers disappointed, several sources said. The B...
Schlumberger Provides Update on Eurasia Drilling Transaction
United States >> 9/24/2015 - Schlumberger Limited (SLB) announced that it does not intend to extend the pending agreement to acquire a minority equity interest in Eurasia Drilling Company Limited, once the current extension expir...
FAR Secures Option on New Block Offshore Senegal
Senegal >> 9/24/2015 - FAR Ltd has entered into a farm in option agreement with a subsidiary of Trace Atlantic Oil Ltd for the Djiffere block offshore Senegal. The Djiffere block is adjacent to FAR’s highly prospective Rufi...
Hague and London Oil to Acquire Interest in Duyung PSC, Indonesia
Indonesia >> 9/23/2015 - Hague and London Oil has entered into a conditional agreement to acquire a material interest in the Duyung Production Sharing Contract, located in the Natuna Sea, Indonesia: ...
Genel Acquired 36% Stake in Bina Bawi Field
Iraq >> 9/22/2015 - Following approval from the Kurdistan Regional Government, the acquisition of OMV’s 36% operated stake in the Bina Bawi field has completed. As a result, Genel now holds an 80% operated interest in Bi...
Total Sells 10% Interest in Fort Hills to Suncor
Canada >> 9/21/2015 - Total has signed an agreement to sell a 10% interest in the Fort Hills oil sands mining project to the operating partner Suncor Energy. The total aggregate consideration at the time of the announcemen...
Licence PL001 Farmout Agreement Completed
Falkland Islands >> 9/21/2015 - Argos Resources Limited is pleased to confirm the completion by its wholly-owned subsidiary, Argos Exploration Limited, of a farmout agreement with Noble Energy Falklands Limited and Edison Internatio...
China Grants Two Independent Refineries Crude Oil Import Licenses
China >> 9/21/2015 - The Chinese government has granted two independent refiners licenses to import crude oil directly, shortly after they were allowed quotas to use imported crude oil, the Ministry of Commerce said. ...
Gazprom Neft Wins Licensing Round for Novochatylkinsky Subsoil Concession
Russia >> 9/16/2015 - Gazprom Neft has secured subsoil usage rights to the Novochatylkinsky licence block, including part of the Chatylkinsky oilfield. The concession is located within the Krasnoselkupsky district in the Y...
Tower Signs Thali Production Sharing Contract
Cameroon >> 9/16/2015 - Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company, is delighted to announce the signing of the shallow water Thali (formerly known as “Dissoni”) Production Sharing Co...
Schlumberger Bid for Eurasia Stake Could Face New Conditions
Russia >> 9/15/2015 - The Russian government could set further conditions before approving U.S. company Schlumberger's bid for a stake in Russia's Eurasia Drilling, news agency RIA reported citing the head of Russia's anti...
New Unconventional Concession Puesto Guardian Extends Concession Term to 2050
Argentina >> 9/15/2015 - President is pleased to announce the conversion of its former Puesto Guardian Concession which was due to expire in 2026 to a new Unconventional Concession for a term of 35 years expiring 2050. ...
Neighbors are Iran’s Best Trade Partners
Iran >> 9/13/2015 - US companies in contacts with Iranian counterparts have expressed their willingness to return to the Islamic Republic, but according to the Vienna nuclear agreement they are banned from presence in Ir...
Armour Energy Recommends Shareholders Reject Takeover Offer from China's Landbridge Group
China >> 9/9/2015 - The Directors of Armour Energy have provided an update on their consideration of the unsolicited, hostile and conditional takeover bid lodged by Westside Corporation (a subsidiary of China's Landbridg...
Bifold Purchase Strengthens the Rotork Flow Control Group
United Kingdom >> 9/8/2015 - Rotork has announced the acquisition of the Bifold Group Ltd. (Bifold), a leading manufacturer of pneumatic and hydraulic instrument valves and components. ...
Proposed Transaction to Farm-Out A 25% Working Interest in Lemang PSC
Indonesia >> 9/7/2015 - Ramba Energy has announced that on 6 September 2015 the Company entered into a memorandum of understanding (MoU) with a strategic investor to farm-out a 25% working interest in the Lemang production s...

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