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Acquisitions and Divestitures News

1st European Company Inks Deal to Explore Oil, Gas in Iran
Iran >> 12/31/2014 - National Iranian Oil Company announced signing of an agreement with a European company to start the new oil and gas discoveries in Iran’s Salt Domes. ...
Gazprom Purchasing 50% of Total Shares in South Stream Transport
Russia >> 12/29/2014 - Eni entered into an agreement for the sale of its 20% stake in South Stream Transport B.V. to Gazprom. ...
REG Closes Acquisition of Stake in Petrotec’s AG Biodiesel
Germany >> 12/29/2014 - Renewable Energy Group, Inc.announced that its wholly-owned subsidiary has completed the acquisition of IC Green Energy’s (ICG) majority equity ownership position in German biodiesel producer Petrotec...
Kawasaki to Acquire Shares in MES Yura
Japan >> 12/25/2014 - Kawasaki Heavy Industries, Ltd. announced today its decision to acquire a 40% share in MES Yura Inc., a wholly-owned subsidiary of Mitsui Engineering & Shipbuilding Co., Ltd. (MES), as of April 1, 201...
Samaraneftegaz Acquired New Licensed Area in Russia
Russia >> 12/25/2014 - As a result of auctions Samaraneftegaz acquired the right to use subsurface resources of the Pilovsky licensed block with the purpose of exploration, development and production of hydrocarbons during ...
Chariot Update on Morocco Farm-Out
Morocco >> 12/24/2014 - Farm-out of 25% interest in Rabat Deep Offshore (Morocco) to Woodside approved, majority of funds received ...
Hardy Relinquish Exploration Licence in India
India >> 12/24/2014 - Hardy Oil and Gas plc, the oil and gas exploration and production company focused in India announces that on 23 December 2014 the Company consented to the relinquishment of the KG-DWN-2003/1 (D3) expl...
Tunisia Portfolio Divestment Update
Tunisia >> 12/24/2014 - Cooper Energy Limited provides the following progress report on the divestment of its Tunisian portfolio. ...
Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Russia >> 12/23/2014 - Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the cha...
African Petroleum Signs Term Sheet for Liberian Licence LB-08
Liberia >> 12/23/2014 - African Petroleum Corporation has signed a non-binding term sheet agreeing terms with a private London based independent oil and gas company to farm-in to the Company’s 100% owned Liberian LB-08 licen...
Bowleven Provides Etinde Permit Update
Cameroon >> 12/23/2014 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that the Etinde farm-out transaction with LUKOIL/NewAge is at the final stage of completion. Following ...
Gulfsands Completed the Sale of Gulf of Mexico Interests
United States >> 12/22/2014 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and Colombia is pleased to provide the following the sale of the Gro...
Touchstone Signs East Brighton Exploration License
Trinidad and Tobago >> 12/22/2014 - Touchstone Exploration Inc. has signed an Exploration and Production License for the East Brighton Block in the Republic of Trinidad and Tobago. The License is for an initial six year term, with the o...
ShawCor Announces Expected Impairment Charge
United States >> 12/22/2014 - ShawCor Ltd. announced that it expects to incur an after tax impairment charge of up to approximately $80 million, relating to the goodwill and intangible assets of the Socotherm Gulf of Mexico coatin...
Canacol Acquires VIM 5 and VIM 19 E&P Contracts
Colombia >> 12/19/2014 - Canacol Energy Ltd. is pleased to announce that CNE Oil and Gas S.A., a subsidiary of the Corporation, has acquired 100% interest in the VIM 5 and VIM 19 Exploration and Production (“E&P”) contracts ...
Swala Terminates its Arbitral Claim in Respect of Block 12B
Kenya >> 12/19/2014 - Swala Energy Limited (Swala) is pleased to announce that, pursuant to its announcement of the 10th November 2014, it has agreed with Tullow Oil Kenya B.V (Tullow) and CEPSA Kenya Limited (CEPSA), an a...
Sherritt Awarded Two New PSCs in Cuba
Cuba >> 12/19/2014 - The new blocks, 8A and 10, are located in Central and Northern Cuba and encompass areas of 967 square kilometres and 261 square kilometres respectively. ...
Unipetrol Refinery Deal Approved
Czech Republic >> 12/19/2014 - The Czech anti-monopoly office said it had approved Unipetrol's acquisition of a 32.4 percent stake in Ceska Rafinerska from Italy's ENI to give it full control of the refinery. ...
Change in Indonesia Permit & Acquisition of Additional Rights
Indonesia >> 12/19/2014 - Lion Energy has been granted an option to acquire a 15 per cent interest in the conventional Bohorok Production Sharing Contract in North Sumatra, Indonesia, in exchange for the Bohorok partners recei...
Asset Swap Between BASF & Gazprom will not Be Completed
Russia >> 12/18/2014 - BASF and Gazprom agreed today that they will not complete the asset swap, which was planned for the end of the year. ...

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