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Acquisitions and Divestitures News

Rosneft & ExxonMobil Win 3 Blocks in Mozambique License Round
Mozambique >> 10/29/2015 - RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic o...
Statoil to Explore Offshore South Africa
South Africa >> 10/29/2015 - Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Ri...
Bashneft to Transfer Control over a Number of Its Assets
Russia >> 10/29/2015 - The Board of Directors of PJSOC Bashneft has adopted resolutions aimed at streamlining the Company's corporate structure and transferring control over a number of its assets under Russian jurisdiction...
Delonex Energy Wins Block P5-A in Mozambique 5th Licence Round
Mozambique >> 10/28/2015 - The Institute of National Petroleum (INP) announced that Delonex Energy (as Operator) and its partner India Oil Corporation (IOC) have been awarded block P5-A in the Mozambique 5th Licensing Round and...
Kazakh Fund Signs Loan for up to $1.5 bln to Buy Stake in Kashagan Oilfield
Kazakhstan >> 10/27/2015 - Kazakh sovereign wealth fund Samruk-Kazyna said it had signed a five-year syndicated loan worth up to $1.5 billion to buy half of Kazmunaigas's 16.8 percent stake in the Kashagan oilfield.
Galp Acquires Block 6 at Sao Tome & Principe
Sao Tome and Principe >> 10/27/2015 - Galp Energia, SGPS, S.A informs that an agreement has been reached between the Government of Sao Tome and Principe, Galp Energia and Kosmos Energy for the award of Block 6 offshore Sao Tom and Princi...
Eni Sells 12.5% Stake in Saipem to Fondo Strategico Italiano
Italy >> 10/27/2015 - Eni S.p.A. executed a sale and purchase agreement (the Sale and Purchase Agreement), pursuant to which it will sell a stake in Saipem S.p.A. consisting of n. 55,176,364 ordinary shares, representing a...
Ecopetrol Announces Decision on Operation of Rubiales Field
Colombia >> 10/26/2015 - Ecopetrol S.A. hereby reports that, as decided by its Board of Directors, Ecopetrol will take over the operation of the Rubiales field following the conclusion of the Rubiales risk participation and P...
Gazprom & OMV Sign Memorandum of Understanding on Oil Supply
Russia >> 10/23/2015 - Vienna hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board. The parties discussed the cooperation i...
Russia Offers Gas, Oil Swap Deals to Iran
Russia >> 10/23/2015 - Russian Energy Minister Alexander Novak said on Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration. ...
Sound Energy to Purchase Maghreb Petroleum's Interest in Sidi Moktar Licences
Morocco >> 10/22/2015 - Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that, further to its announcement of 7 September 2015, it has signed heads of terms with Maghreb Petroleum Explora...
Trinity Sell Onshore Assets for $20.8 million to Touchstone
Trinidad and Tobago >> 10/21/2015 - Trinity has entered into an agreement to sell its interests in the WD-2, WD-5/6, WD-13, WD-14 and FZ-2 licences and related fixed assets to Touchstone Exploration Inc. for cash consideration of US$20....
ERHC Energy Reaches Agreement with Kosmos for Block 11
Sao Tome and Principe >> 10/20/2015 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in Sub-Saharan Africa announced today that it has reached an agreement with Kosmos Energy, a leading independent oil and gas...
Rosneft Agreed to Sell 8.99% Interest in Saras S.p.A.
Italy >> 10/20/2015 - Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximate...
Baron Oil Transfers Operatorship of Nancy Burdine Maxine Field to Ecopetrol
Colombia >> 10/19/2015 - On 16 October 2015, Inversiones Petroleras de Columbia (50% owned by Baron), the operator of the Nancy Burdine Maxine field in Columbia, handed over operational control of the field to Ecopetrol S.A. ...
Total Sells Further 15% Interest in the Gina Krog Field
Norway >> 10/19/2015 - Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will total 1.4 billion NOK. The tr...
Seacrest Portfolio Company AziLat Partners with ExxonMobil & Expands Portfolio, Offshore Brazil
Brazil >> 10/19/2015 - AziLat Ltd. (AziLat) has entered into a transaction with OGX Petroleo e Gas S.A. (OGX) to acquire OGXs full interest in two blocks offshore Brazil. ...
Petro Vista Provides Update on Sale of Interest in Tartaruga Block, Brazil
Brazil >> 10/16/2015 - Petro Vista Energy Corp., announces that the proposed sale, to Maha Energy Inc., of all of its 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offsho...
2016 - 2020 Program for Comprehensive Overhaul of Gas Mains Approved
Russia >> 10/16/2015 - The Gazprom Management Committee approved the 20162020 Program for Comprehensive Overhaul of Linear Sections of Gas Mains. ...
Gulfsands Petroleum Fails to Extend its Fes Petroleum Agreement
Morocco >> 10/16/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas exploration company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update on the Fes Petroleum Agreement. ...

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