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Acquisitions and Divestitures News

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...
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...
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...
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...
Van Oord will Acquire Activities of Ballast Nedam Offshore
United Kingdom >> 11/28/2014 - Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, ...
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. ...
Rosneft Acquires 16.67% Share in PCK Raffinerie GmbH
Germany >> 11/28/2014 - Total and Rosneft signed a Term Sheet that envisages the main terms and conditions of the purchase of 16.67% share in a refinery located in Schwedt, Germany (PCK Raffinerie GmbH). The document was sig...
Rey Resources Acquires 50% Interest in Derby Block
Australia >> 11/28/2014 - Rey Resources has announced that its subsidiary company Rey Lennard Shelf ('RLS') has entered into an agreement with Backreef Oil to acquire a 50% interest in petroleum exploration licence EP487, the ...
OBL Group Completes Acquisition of 2 Undeveloped Gippsland Gas fields
Australia >> 11/28/2014 - Oil Basins Limited (OBL) has provided an update on the Company’s ongoing activities in Vic/P47. It has been confirmed from NOPTA that the transfer to OBL and its wholly owned subsidiary Shelf Oil Pty ...
Woodside Enters into Contract for Reconnaissance Licence
Morocco >> 11/26/2014 - Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Mo...
GDF SUEZ Acquires Interest in PL 420 From Idemitsu
Norway >> 11/24/2014 - GDF SUEZ has signed a contract with Idemitsu for the acquisition of 10% share in the license PL 420. PL 420 is situated between the Gjoa field and the Skarfjell discovery, and contains the discovery T...
Cue Farms-in to Highly Prospective Onshore Acreage
Indonesia >> 11/21/2014 - The terms of the farm-in agreement provide that Cue contributes to Bukit’s costs for seismic and drilling but remain confidential due to Cue’s current discussions to capture other exploration opportun...
Exxon Mobil in Final Talks with Ivory Coast over Two Oil Blocks
Ivory Coast (Cote D'Ivoire) >> 11/21/2014 - Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reu...
Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Indonesia >> 11/21/2014 - Indonesia's state energy firm Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E&P Indonesie e...
Shell Completes Sale of Nigeria OML 24 Stake for $600m
Nigeria >> 11/20/2014 - The Shell Petroleum Development Company of Nigeria Limited (SPDC) has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to N...
Petronas Awards Blocks SB331 & SB332 to SapuraKencana
Malaysia >> 11/20/2014 - PETRONAS awarded two Production Sharing Contracts (PSC) for Blocks SB331 and SB332 onshore Sabah to SapuraKencana Energy Sabah Inc, M3nergy Berhad and PETRONAS Carigali Sdn Bhd. ...
Oyster Petroleum Farms into Further UK North Sea License
United Kingdom >> 11/20/2014 - Oyster Petroleum Limited has entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling, Oyster Petroleum will acquire a 30% interest in licence P.2132, covering...
Empire Sells Carnarvon Basin Tenements to Bounty O&G
Australia >> 11/20/2014 - Empire Oil & Gas has taken another key step in its strategy to unlock the value of its Perth Basin assets, signing an indicative agreement to sell its remaining acreage in WA's onshore Carnarvon Basin...
Oil Basins Increases Stake in Gippsland Basin Permit VIC/P47
Australia >> 11/19/2014 - Oil Basins Limited (OBL) has announced that documents have been signed transferring all the third-party interests in the offshore Gippsland Basin Permit Vic/P47 to the OBL Group. The OBL Group will no...

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