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Acquisitions and Divestitures News

Tethys Petroleum Limited Agrees Exclusivity Period Extension
Kazakhstan >> 6/29/2015 - Tethys Petroleum Limited (Tethys) is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 ("AGR Energy") until midnight Tuesday June 30th, 2015...
Africa Energy Withdraws from Puntland, Somalia Blocks
Somalia >> 6/29/2015 - Africa Energy Corp. (Africa Energy, previously Horn Petroleum Corp., or the "Company") has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 ...
African Petroleum Signs Agreement for Block CI-513
Ivory Coast (Cote D'Ivoire) >> 6/29/2015 - African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce that it has signed a binding joint bidding agree...
New Development Agreement & Update on Litigation
Indonesia >> 6/25/2015 - Highlights: ...
Three Year BNG License Extension Granted
Kazakhstan >> 6/25/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the licence for its flagship BNG Contract Area has been successfully renewed for a further period of...
Saudi Aramco Wants to Raise Stake in Luksar
Saudi Arabia >> 6/24/2015 - Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 percent, the chief executive of the Russian company said on Wednesday. 'They are in...
Staatsolie and Apache Corporation sign PSC for Offshore Block 58
Suriname >> 6/24/2015 - Staatsolie Maatschappij Suriname NV and American Apache Corporation have signed a production sharing contract for exploration, development and production of offshore Block 58. ...
Chevron Selling 40% Stakes in Two Nigerian Oil Blocks
Nigeria >> 6/24/2015 - U.S. oil company Chevron Corp said it was selling its 40 percent stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area. ...
Clontarf Provides Update on Peruvian Operations
Peru >> 6/22/2015 - Clontarf Energy plc holds a 3% over-riding royalty in Peruvian Block 183 in the central Peruvian forested foothills. This 3% over-riding royalty is capped at US$5 million per oil and / or gas discove...
Russia's Bashkortostan to Get Stake in Bashneft Oil Firm
Russia >> 6/22/2015 - Russian President Vladimir Putin has signed a decree on transferring a 25 percent plus one share stake in medium-sized oil producer Bashneft to the region of Bashkortostan, Interfax news agency said. ...
Energy XXI Signs Grand Isle Gathering System Sale Agreement for $245m
United States >> 6/22/2015 - Energy XXI has executed a purchase and sale agreement to monetize the Grand Isle Gathering System (GIGS) to CorEnergy Infrastructure Trust, Inc. (CorEnergy) for $245 million in cash plus the assumptio...
Total Sells Its Interest in the Schwedt Refinery to Rosneft
Germany >> 6/19/2015 - Total has signed an agreement to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The ...
Total & Rosneft Signed a Sale and Purchase Agreement
Russia >> 6/19/2015 - Total S.A. and Rosneft signed at the St. Petersburg International Economic Forum an agreement, confirming the execution of a sale and purchase agreement with regard to the 16.67% share in PCK Raffiner...
Update on the Sale of Galaz
Kazakhstan >> 6/19/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the sale of Galaz. ...
Wintershall to Sell Norwegian Assets for $602 Million
Wintershall to Sell Norwegian Assets for $602 Million Norway >> 6/18/2015 - Wintershall, a 100% BASF subsidiary, is further optimizing its portfolio by divesting assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) on the N...
PetroVietnam Acquires Chevron's Vietnam Upstream Assets
Vietnam >> 6/17/2015 - Vietnam Oil and Gas Group (Petrovietnam) has acquired 100% of the shares of the Chevron companies with assets in Vietnam and the operatorship that are part of the Block B, Block 48&95 and Block 52/97 ...
Shell& Japan Firms May Get Stake in Gazprom's Baltic LNG
Russia >> 6/17/2015 - Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia's...
Bahamas Petroleum Signs Licence Renewal Addendum
Bahamas >> 6/17/2015 - Bahamas Petroleum Company, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, announces that The Governor-General of The Bahama...
Lekoil Receives Nigerian Ministerial Consent for Otakikpo farm-In
Nigeria >> 6/16/2015 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeri...
Sales & Purchase Contract for Gas from Karachaganakskoye Field Extended Till 2038
Kazakhstan >> 6/16/2015 - Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Renato Maroli, Director General of Karachaganak Petroleum Operating (KPO) signed an agreement between KazRosGas and KPO in A...

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