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Acquisitions and Divestitures News

Extension to the Completion Date of the Galaz Sale
Kazakhstan >> 4/30/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update investors in connection with the previously announced disposal of its interests in the Galaz Contract Area,...
Energy Ministry Terminates Block VIb PSC in Georgia
Georgia >> 4/30/2015 - Australia's Red Emperor Resources NL referred to its announcement April 14 and provided the following update with respect to its Georgian Project. ...
Statoil Completes Sale of 15.5% Share in Shah Deniz to Petronas
Azerbaijan >> 4/30/2015 - Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. ...
Acquisition of Marine Current Turbines Limited from Siemens
Acquisition of Marine Current Turbines Limited from Siemens Singapore >> 4/29/2015 - Atlantis, a global leader in the tidal power sector, is pleased to announce that it has reached agreement to acquire the entire issued share capital of the Bristol based tidal business, Marine Current...
Range Resources Terminates the Georgian Project Contract
Georgia >> 4/29/2015 - The Ministry of Energy of Georgia has formally notified the Operator of the Georgian project, Strait Oil & Gas (SOG in which Range holds a 45% interest) that the Production Sharing Contract (PSC) over...
Ophir Completes Acquisition of 4 Deepwater Indonesian PSCs
Indonesia >> 4/28/2015 - Ophir Energy plc announces that it has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources (Niko). This follows the announcement of the agr...
Condor Petroleum Receives Zharkamys Contract Extension
Kazakhstan >> 4/27/2015 - Condor Petroleum has announced that the Government of Kazakhstan has approved an extension to the Zharkamys West 1 exploration contract for ten months until December 14, 2016. The Zharkamys exploratio...
Inpex Joins Total in Developing Abu Dhabi’s Oil Fields
United Arab Emirates >> 4/27/2015 - INPEX CORPORATION (INPEX) has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of t...
Otto Marine Subsidiary Entered into 2 Stock Purchase Agreements
Australia >> 4/24/2015 - Otto Marine Limited wishes to announce that its indirect wholly owned subsidiary, Supply Fleet Pte. Ltd. (the Buyer), entered into two (2) stock purchase agreements, with an unrelated third party (the...
Chariot Oil & Gas Provides Update on Moroccan Portfolio
Morocco >> 4/21/2015 - Chariot Oil & Gas Limited provides an update on its Rabat Deep, Loukos and Mohammedia permits, offshore Morocco. ...
Total in Talks with Pertamina on Overseas Asset Swap for Mahakam Interest
Indonesia >> 4/21/2015 - Total is in talks with Indonesia's Pertamina on a possible asset swap in return for a continuing participating interest in the country's top gas producing field, an official at the French oil major sa...
Petsec Energy Acquires Oil Search Interest in Yemen Block 7
Yemen >> 4/17/2015 - Petsec Energy has executed an agreement with Oil Search to acquire all the shares of its subsidiary Oil Search (ROY) Limited which holds a 34% participating interest in Block 7, Al Barqa Permit, in th...
Anadarko Considers Selling Mozambique Gas Assets to Exxon
Mozambique >> 4/16/2015 - Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources sa...
Total & BP Say Feel No M&A Pressures After Shell Deal
France >> 4/16/2015 - French oil major Total and British rival BP are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell, they said. ...
New Times Energy Acquires 50% Participating Interest in Chirete Block
Argentina >> 4/15/2015 - New Times Energy Corporation Limited, together with its subsidiaries announces that the Company's Farm-in Offer has been accepted by Petrobras Argentina S.A. ("PESA") to transfer 50% of its Participat...
Enel Could Sell Assets in Algeria and Egypt
Egypt >> 4/15/2015 - Enel SpA, Italy’s largest utility, is considering a sale of assets across Europe and Africa that may raise as much as 1 billion euros ($1.1 billion), people with knowledge of the matter said. ...
PDVSA Offers to Buy Harvest's Stake in the Petrodelta Joint Venture
Venezuela >> 4/14/2015 - Venezuelan state oil company PDVSA has offered to buy Harvest Natural Resources Inc's stake in the Petrodelta joint venture, according to a source close to PDVSA, but the Texas-based oil and gas produ...
Shell Concludes Sale of 185 Service Stations across UK
United Kingdom >> 4/13/2015 - Shell UK is pleased to announce it has accepted offers for the sale of 185 company-owned service stations to selected independent dealers and has exchanged contracts for 158 of these service stations....
Woodside Closes Purchase of Apache Interests in Kitimat Asset
Canada >> 4/10/2015 - In December 2014 Woodside entered into a binding transaction with Apache Corporation to acquire Apache’s Australian Wheatstone LNG and Balnaves oil interests and Kitimat LNG project interests in Can...
Alvopetro Relinquish Blocks 131, 132, 144, and 157
Brazil >> 4/10/2015 - Alvopetro Energy Ltd. informed Brazil's National Agency of Petroleum, Natural Gas and Biofuels ("ANP") of our intention to relinquish Blocks 131, 132, 144, and 157 in accordance with the associated co...

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