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Acquisitions and Divestitures News

Boskalis Subsidiary Acquires Australian Towage Company
Australia >> 12/12/2014 - Royal Boskalis Westminster N.V. (Boskalis) announces that Smit Lamnalco, a 50% owned associate, has substantially strengthened its position in Australia through the acquisition of PB Towage Australia ...
Grana Y Montero is Awarded Block III and Block IV Contracts
Peru >> 12/12/2014 - Grana y Montero S.A.A. a leading Engineering and Construction company, has been awarded the “Buena Pro” of the license contracts for 30 years for Block III and IV of Perupetro located in the Talara ba...
Interra Terminates Acquisition of Indonesia's PT Benakat Barat Petroleum
India >> 12/11/2014 - Interra Resources Limited (the Company) referred Wednesday to its announcements Sept. 3, 2013, Sept. 16, 2013, Sept. 23, 2013, June 2, July 2, Aug. 1, Aug. 23, Nov. 20 and Dec. 2 relating to the Propo...
Petronas Says Open to Selling Assets in Africa
Cameroon >> 12/11/2014 - Petronas, Malaysia's state oil company, said it is ready to divest certain assets in Africa if growth prospects are limited. ...
CNOOC Signs PSCs with KUFPEC
China >> 12/10/2014 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (“CNOOC”), has signed three production sharing contracts (PSCs) with KUFPEC (China) Inc. (“KUFPEC”) for Blocks ...
Statoil Adds Permits to New Zealand Portfolio
New Zealand >> 12/9/2014 - Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio. ...
ERHC Energy Retains Deloitte Corporate Finance LLC
Chad >> 12/9/2014 - ERHC Energy Inc has retained the services of Deloitte Corporate Finance LLC (DCF) to advise on the Company's oil assets in the Republics of Chad and Kenya. ...
BG Group Agrees Sale of Australian Pipeline for US$5 Billion
Australia >> 12/9/2014 - BG Group plc, a world leader in exploration and LNG, announced it has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group, Australia's largest gas infrastructure business, f...
Transfield Inks Deal with Wooside for NWS Offshore Facilities
Australia >> 12/5/2014 - Transfield Services (Australia) Pty Ltd. reported Thursday that it has signed a master services agreement with Woodside Petroleum Ltd. to provide multidiscipline implementation services at the Woodsid...
Global Energy Completed Llanos Basin Properties Sale
Colombia >> 12/5/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, is pleased to announce the completion of the sale of its...
Continued Interest & Activity in Permit EP478
Australia >> 12/5/2014 - The Directors of Mosman Oil and Gas Limited announce that the Joint Venture parties in the Canning Basin permit EP478 in WA, Australia recently approved a Joint Venture Agreement amendment to accommod...
MEO Completes Negotiations for Cuba “Block 9” PSC
Cuba >> 12/4/2014 - MEO Australia Limited has completed negotiations for 100% participating interest in a Production Sharing Contract (“PSC”) in the Republic of Cuba (“Cuba”). ...
Delek Group Buying Shares in Foreign Energy Companies
Israel >> 12/3/2014 - Delek Group has announced that as part of its strategy to focus on the energy field, with a special emphasis on identifying new international opportunities, it has recently started to make purchases o...
OBL to Get 2% Royalty for Hydrocarbons Produced in Permit Vic/P47
Australia >> 12/3/2014 - Oil Basins Ltd. (OBL) reported that documents were signed today which, with National Offshore Petroleum Titles Administrator (NOPTA) approval and registration, will see OBL's wholly owned subsidiary O...
Disposal of Litwin Service Business
United Arab Emirates >> 12/2/2014 - Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces that it has entered into an agreement for the sale of one of it...
RAK Petroleum Increases Côte D'Ivoire Stake, Updates Operations
Ivory Coast (Cote D'Ivoire) >> 12/2/2014 - RAK Petroleum plc, the Oslo-listed oil and gas investment company, increased its stake in Côte d'Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other memb...
Derby Block Update & Backreef Oil
Australia >> 12/1/2014 - The Directors of Oil Basins Limited (OBL or the Company, ASX code OBL) wish to make the following ASX announcement to update shareholders and investors on matters pertaining to WA Petroleum Exploratio...
OXY Completes Spin-off of California Resources Corporation
United States >> 12/1/2014 - Occidental Petroleum Corporation announced it has completed the spin-off of its subsidiary California Resources Corporation . California Resources, which begins “regular way” trading on the New York S...
Havoc Partners Acquires Interests in Four Western Sahara Licenses
Western Sahara >> 12/1/2014 - Havoc Partners LLP (Havoc) through its wholly owned subsidiary Calima Energy Limited (Calima) has entered into an agreement with Ophir Energy Plc to acquire a 50% interest and Operatorship in four Pro...
Jupiter's Application to Extend the Trial Production Licence for J-50 is Being Held
Kazakhstan >> 11/28/2014 - Applications for the extension of Trial Production licences on the J-51, J-52 and J-53 wells (all located on the Akkar East accumulation) are proceeding without delay. ...

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