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Acquisitions and Divestitures News

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...
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. ...
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...
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...
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...
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...
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. ...
Enlink Acquire Victoria Express Pipeline from Devon Energy
United States >> 3/23/2015 - EnLink Midstream Partners, LP has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets (“VEX”) from Devon Energy Corporation. Total consider...
Woodside Inks 4 PSCs for Blocks Awarded in 2013 Bid Round
Myanmar >> 3/23/2015 - Woodside Energy Ltd. reported that the company signed production sharing contracts (PSCs) for offshore blocks AD-2, AD-5, A-4 and A-7, awarded to Woodside in the 2013 Myanmar Offshore Bid Round. ...
Mart Completed Purchase of Onshore Nigerian OML18
Nigeria >> 3/20/2015 - Mart Resources, Inc is a member of a consortium that has acquired a 45% participating interest in Nigerian Oil Mining Lease 18 (“OML 18”) and all associated assets, wells, pipelines and infrastructure...
Woodside Signs Production Sharing Contracts for Myanmar Offshore Acreage
Myanmar >> 3/20/2015 - Woodside signed production sharing contracts for offshore blocks AD-2, AD-5, A-4 and A-7, awarded to Woodside in the 2013 Myanmar Offshore Bid Round. ...
GASFRAC Gets Court Approval of Agreement for Purchase of Operating Assets & Services
Canada >> 3/20/2015 - GASFRAC Energy Services Inc. announces that GASFRAC has obtained the approval of the Court of Queen’s Bench of Alberta and the United States Bankruptcy Court (the Courts) in respect of the definitive ...
Acquisition of 27.5% of the Issued Share Capital of Timan Oil & Gas Plc
Russia >> 3/19/2015 - Araca Energy ASA (Araca) has signed a further agreement for the acquisition from Levant Energy Limited of 27.5 percent of the issued share capital of Timan Oil & Gas Plc. This agreement, which is on t...
INEOS and Solvay to Divest Remedy Business to ICIG
Belgium >> 3/19/2015 - INEOS and Solvay have reached an agreement with International Chemical Investors Group (ICIG) to acquire the assets being divested by INEOS. This agreement, which follows extensive discussions with th...
Solvay & INEOS Sell Assets to Holding Company ICIG
Switzerland >> 3/19/2015 - Belgian chemicals group Solvay said it agreed to sell some assets to chemical holding company ICIG, as part of a deal with the European Commission to get its PVC joint venture with Switzerland-based I...
Anadarko Takes Stake in Saddlehorn Pipeline
United States >> 3/18/2015 - Magellan Midstream Partners and Plains All American Pipeline, L.P. announced that a wholly owned subsidiary of Anadarko Petroleum Corporation has exercised its option to purchase a 20% equity interest...
New Licence Awarded Offshore Indonesia
Indonesia >> 3/18/2015 - The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil’s existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 1...

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