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Acquisitions and Divestitures News

BP to Hand Back 2 Exploration Blocks to Indonesia on Risk Concerns
Indonesia >> 1/30/2015 - UK-listed energy giant BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company said. ...
Philips Extends Tender Offer Period to Acquire Volcano
Netherlands Antilles >> 1/29/2015 - Royal Philips and Volcano Corporation announced that Philips’ indirect wholly owned subsidiary Clearwater Merger Sub, Inc. is extending the expiration date for its previously announced tender offer u...
Total Awarded 10% in the New 40-Year ADCO Concession
United Arab Emirates >> 1/29/2015 - Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC), granti...
Conclusion of Formal Sale Process & Operational Update
Russia >> 1/27/2015 - Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Boa...
Petro-Victory Energy Dispute with President Energy
Paraguay >> 1/23/2015 - Petro-Victory Energy Corp. has received two notices of default from President Energy PLC, the Operator of the Pirity Concession, both of which the Company disputes. If the issues cannot be resolved by...
Egypt Signed 3 New Agreements with $ 47m
Egypt Signed 3 New Agreements with $ 47m Egypt >> 1/22/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources, Signed three new agreements to explore for oil and natural gas in the regions of Western Desert and the Nile Delta, with the Tunisian C...
Tethys Provides an Update in Kazakhstan
Kazakhstan >> 1/22/2015 - Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. ...
Faroe Petroleum Awarded 5 New licences in Norway
Norway >> 1/21/2015 - Faroe Petroleum has been awarded five new prospective exploration licences, including one operatorship, under the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Contin...
HRT Acquires Bijupira & Salema Oil Fields
Brazil >> 1/20/2015 - PetroRio, the new brand of HRT Participacoes em Petroleo S.A. hereby announces the signing of a purchase and sale agreement to acquire 80% of the rights and obligations of the concession contracts for...
Schlumberger to Acquire Minority Share in Eurasia Drilling Company
Russia >> 1/20/2015 - Schlumberger Limited announced an agreement to acquire a minority equity interest in Eurasia Drilling Company Limited (EDC). The agreement extends the successful long-term relationship enjoyed by the ...
Eni Awarded Two Exploration Licenses in Norway
Norway >> 1/20/2015 - Eni was today awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014. ...
HRT to Buy Stake in Shell's Campos Fields
Brazil >> 1/19/2015 - Brazilian oil and gas company HRT Participacoes SA reached an agreement to buy offshore assets of Royal Dutch Shell Plc in the Campos Basin. ...
Salamander Satisfy SONA Condition Ready for Acquisition by Ophir
Thailand >> 1/19/2015 - The boards of Salamander Energy plc and Ophir Energy plc announced on 24 November 2014 the terms of a recommended acquisition by Ophir of the entire issued and to be issued share capital of Salamander...
Noreco and North Energy Agree Asset Transfer on PL484
Norway >> 1/19/2015 - Norwegian Energy Company ASA (Noreco) has agreed to transfer its 30 per cent ownership in PL484 in the Norwegian Sea to North Energy ASA (North). The transfer is subject to government approval. ...
ExxonMobil Signs PSC for Block EG-06
Equatorial Guinea >> 1/16/2015 - The Ministry of Mines, Industry and Energy is pleased to announce the signature of a new Production Sharing Contract (PSC) for Block EG-06, offshore Bioko Island, Republic of Equatorial Guinea. ...
Egypt: Signing Two New Agreements with $ 97m
Egypt: Signing Two New Agreements with $ 97m Egypt >> 1/16/2015 - Eng. Sherif Ismail, Minister of Petroleum signed two new agreements to explore for natural gas and oil in the Nile Delta region with the Emirati, Dana Gas Company and the British BP with minimum inves...
Metso to Sell its Process Automation Systems Business to Valmet
Finland >> 1/15/2015 - Metso Corporation and Valmet Corporation have entered into an agreement on the sale of Metso's Process Automation Systems (PAS) business to Valmet. The enterprise value of the transaction is EUR 340 m...
PA Resources Receives 2nd Licence Award in UK 28th Round
United Kingdom >> 1/15/2015 - PA Resources announces further success in the UK’s 28th Seaward Licensing Round through the award of Block 21/24b to a group comprising of PA Resources (33.33 percent), First Oil and Gas (33.33 percen...
Egypt Signed 6 New Agreements with $485m
Egypt Signed 6 New Agreements with $485m Egypt >> 1/14/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources signed 6 new agreements for oil and gas exploration in the Western Desert, the Gulf of Suez and the Mediterranean Sea regions with the I...
Eni Signed Two Concession Agreements
Egypt >> 1/14/2015 - As a result of the EGAS 2013 bid round, Eni signed two concession agreements for the North Leil and Karawan blocks offshore Egypt. ...

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