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Acquisitions and Divestitures News

Apache Completes Sale of Wheatstone LNG Project for $2.817b
Australia >> 4/2/2015 - Apache Corporation has completed the previously disclosed sale of the Wheatstone LNG project and accompanying upstream oil and gas reserves to Woodside Petroleum Limited for total proceeds of $2.817 b...
Equatorial Guinea Ratifies New ExxonMobil Exploration Agreement
Equatorial Guinea >> 4/1/2015 - The Ministry of Mines, Industry and Energy of Equatorial Guinea is pleased to announce the Ratification of Production Sharing Contract for Block EG-06 by the government of Equatorial Guinea. The contr...
Reliance Signs Production Sharing Contracts for 2 Offshore Blocks
Myanmar >> 3/31/2015 - Reliance Industries Ltd (RIL) and Myanma Oil & Gas Enterprise (MOGE), an enterprise of the Government of Myanmar, have signed production sharing contracts for two offshore blocks (M17 and M18). ...
Brittania-U Prepares for May 18 Hearing in Ongoing Oil Lease Dispute
Nigeria >> 3/31/2015 - Nigeria's Supreme Court has set a May 18 hearing date in the 15-month-old dispute between Brittania-U Limited of Nigeria and Chevron Nigeria and Chevron USA over the sale of three oil leases in the Ni...
Eni Signs Production Sharing Contracts Offshore Myanmar
Eni Signs Production Sharing Contracts Offshore Myanmar Myanmar >> 3/31/2015 - Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 an...
Total Completes $1b of Onshore Divestments
Nigeria >> 3/30/2015 - Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML...
Rampart to Acquire Neon Energy's 80% Interest in WA-503-P Permit
Australia >> 3/30/2015 - Rampart Energy Ltd. reported Monday that the Company has secured rights to an 80 percent working interest as Operator in exploration permit WA-503-P offshore Western Australia, through an agreement wi...
Russia's Eurasia Drilling Extends Deadline for Schlumberger Deal
Russia >> 3/30/2015 - Russia's Eurasia Drilling said it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from March 31 to April 30. ...
Qatari Investors to Pay $5 Bln for 49% Shandong Dongming Petchem Stake
China >> 3/30/2015 - Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 percent of China's Shandong Dongming Petrochemical Group worth $5 bill...
OMV Has No Intention to Sell Stake in Borealis
Austria >> 3/27/2015 - Austrian energy group OMV does not plan to sell its 36-percent stake in plastics maker Borealis, supervisory board chief Rudolf Kemler said. ...
Chevron Announces Sale of Interest in Caltex Australia Ltd
Australia >> 3/26/2015 - Chevron Corporation's wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Austra...
Cue Energy Receives Approval for Farm-in to Mahato PSC
Indonesia >> 3/26/2015 - Cue Energy Resources has received government approval for the farm-in agreement with Bukit Energy Central Sumatra (Mahato) to acquire a 12.5% participating interest in the Mahato Production Sharing Co...
BlackRock, First Reserve to Acquire Stakes Los Ramones II Pipeline
Mexico >> 3/26/2015 - BlackRock and First Reserve have entered into a definitive agreement with P.M.I., a wholly owned subsidiary of Petroleos Mexicanos to acquire approximately forty-five percent equity interest in two na...
BP Sees TANAP Gas Pipeline Project Deal Within two Months
Azerbaijan >> 3/25/2015 - British oil major BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within two months to become a stakeholder in the multi-billion dollar project that aims to red...
Petroceltic and Hess to Relinquish Dinarta Licence
Petroceltic and Hess to Relinquish Dinarta Licence Iraq >> 3/25/2015 - Petroceltic International plc provides an update with respect to its operations in the Kurdistan Region of Iraq. ...
PetroVietnam Mulls Leaving Venezuela Joint Venture
Venezuela >> 3/25/2015 - Vietnam's state oil and gas group PetroVietnam (PVN) is considering selling its 40 percent stake in a joint venture with Venezuelan counterpart Petroleos de Venezuela (PDVSA), according to two sources...
SPDC Completes Sale OML29 & Nembe Creek Trunk Line
Nigeria >> 3/25/2015 - The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nemb...
Malaysia's CLIQ Energy Buys into Kazakhstan Oilfields for $117 Million
Kazakhstan >> 3/24/2015 - CLIQ Energy, a special-purpose acquisition company (SPAC), said it would acquire a controlling interest in two active oilfields in Kazakhstan for $117.3 million. ...
Range Completes Sale of Texas Assets to Citation Resources
United States >> 3/24/2015 - Range is pleased to announce that further to the Company’s previous announcements, the sale of its Texas assets to Citation Resources Limited (Citation) has completed. ...
Chevron Subsidiary Signs Production Sharing Contract in Myanmar
Myanmar >> 3/24/2015 - Chevron Corporation through its subsidiary, Unocal Myanmar Offshore Co., Ltd., has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) to explore for oil and gas i...

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