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Acquisitions and Divestitures News

Lukoil May Cut Price to Close Kazakh Deal with Sinopec
Russia >> 6/4/2015 - Russia's second largest oil company Lukoil is in talks with China's Sinopec over a stalled sale of assets in Kazakhstan, and is ready to cut its price by up to 10 percent, industry sources said. ...
Lukoil Optimizes Asset Structure in Baltic States
Russia >> 6/3/2015 - OAO LUKOIL signed a sale-and-purchase contract with Aqua Marina AS to sell it 100% shares of Lukoil Eesti AS, who owns a network of 37 gas-filling stations on Estonian territory. The deal will be clos...
BG Group Completes Sale of QCLNG Pipeline
BG Group Completes Sale of QCLNG Pipeline Australia >> 6/3/2015 - BG Group plc, a world leader in exploration and LNG, has completed the sale of its wholly-owned 543 kilometre pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Ga...
Sterling Acquires Interest in Mauritania Block C-10 from Tullow
Mauritania >> 6/3/2015 - Sterling Energy plc, the AIM listed oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Sterling Energy Mauritania Limited (SEML), has signed a sale and purchase ...
IOG Set for Full Ownership of Skipper in North Sea
Norway >> 6/3/2015 - Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has signed a Sale and Purchase Agreement to acquire the 50% of licence P1609 containing the Skipper discovery from Alpha P...
Rey Resources Completes Acquisition of 50% Interest in the Derby Block
Australia >> 6/2/2015 - Rey Resources has announced that its wholly owned subsidiary company Rey Lennard Shelf (RLS) has completed the acquisition of a 50% participating interest in petroleum exploration permit EP487 ('the D...
Frontier Resources Enters Farmout Discussions for Oman Block 38
Oman >> 6/2/2015 - Frontier's 100%-owned Block 38 is located in the Rub Al Khali Basin in the southwest of the Sultanate of Oman and covers a surface area of approximately 17,425 square kilometers. A six year Exploratio...
Croatia Awards 6 Onshore Oil & Gas Exploration Licenses
Croatia (Hrvatska) >> 6/2/2015 - Three companies will share six licences to explore for oil and gas in Croatia's northern Drava river basin and in the east of the country, the Zagreb government said on its website on Tuesday, ahead o...
China's Landocean Partners CPHLC in Block D Exploration in Cambodia
Cambodia >> 6/2/2015 - Singapore-listed Mirach Energy Limited’s (MIRACH) associated company, CPHL Cambodia Co. Ltd., (CPHLC) signed a Project Cooperation Agreement for Cambodia Offshore Block D (Block D) with two subsidiari...
INEOS ChlorVinyls Completes Sale of Interest in China’S Suzhou Huasu Plastics
China >> 6/1/2015 - INEOS ChlorVinyls has completed the sale of its 35.7% interest in Suzhou Huasu Plastics, China, to Westlake Chemical Corporation. This brings to an end INEOS ChlorVinyls’ involvement in this PVC Joint...
Sun Plastech Acquires of Novachem
United States >> 6/1/2015 - Sun Plastech Inc. (Parsippany, NJ), the manufacturer of the leading purging compound ASACLEAN™, announced that it has signed an agreement to purchase substantially all of the assets of NOVACHEM, a man...
Delek Looks to Increase Stake in Cyprus Gas Field
Cyprus >> 6/1/2015 - Delek Group has begun preliminary negotiations with Noble Energy International, Ltd. (Noble Cyprus) for the acquisition of 19.9% of its share in Block 12 in Cyprus. For a general description of the ri...
Pancontinental & PTTEP Withdraw from Kenya Block L10A
Kenya >> 6/1/2015 - Pancontinental Oil & Gas NL and its L10A joint venture partner PTTEP of Thailand (PTTEP) have issued Operator BG Kenya L10A Limited (BG) notices of withdrawal from Block L10A in the Lamu Basin offshor...
Swala Energy Successfully Farms-out of Tanzanian Licences
Tanzania >> 6/1/2015 - Swala Energy Limited (Swala) is pleased to announce that Swala Oil and Gas (Tanzania) Plc (Swala Tanzania) has reached agreement with Tata Petrodyne Limited (TPL), a subsidiary of the multinational Ta...
ONE Completes Acquisition of Sean Assets from Shell & Esso
United Kingdom >> 6/1/2015 - Amsterdam based Oil and Gas producer Oranje-Nassau Energie B.V. (ONE) announced the successful completion of the acquisition of a 50 per cent interest in the Sean field. ONE has taken over operatorshi...
Pertamina Proposes to Take Over Sanga-Sanga Oil Block
Indonesia >> 5/29/2015 - Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, t...
Finalisation of Interest in Tarfaya Offshore Block
Morocco >> 5/29/2015 - 88 Energy is pleased to declare that it has received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalising the divestment of the i...
Wartsila Completes Acquisition of L-3 Marine Systems International
Germany >> 5/29/2015 - Wartsila Corporation announces that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wartsila with effec...
Statoil Awarded Licences Offshore Nicaragua
Norway >> 5/29/2015 - Statoil was today awarded four licences offshore the Nicaraguan Pacific. ...
Total CEO Says No Reason to Sell Hutchinson Currently
France >> 5/29/2015 - Total's chief executive said the French oil major saw no reason currently to sell its Hutchinson rubber unit and that the group will explain in due time what its plans are for the business. ...

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