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Acquisitions and Divestitures News

Swala Terminates its Arbitral Claim in Respect of Block 12B
Kenya >> 12/19/2014 - Swala Energy Limited (Swala) is pleased to announce that, pursuant to its announcement of the 10th November 2014, it has agreed with Tullow Oil Kenya B.V (Tullow) and CEPSA Kenya Limited (CEPSA), an a...
Sherritt Awarded Two New PSCs in Cuba
Cuba >> 12/19/2014 - The new blocks, 8A and 10, are located in Central and Northern Cuba and encompass areas of 967 square kilometres and 261 square kilometres respectively. ...
Unipetrol Refinery Deal Approved
Czech Republic >> 12/19/2014 - The Czech anti-monopoly office said it had approved Unipetrol's acquisition of a 32.4 percent stake in Ceska Rafinerska from Italy's ENI to give it full control of the refinery. ...
Change in Indonesia Permit & Acquisition of Additional Rights
Indonesia >> 12/19/2014 - Lion Energy has been granted an option to acquire a 15 per cent interest in the conventional Bohorok Production Sharing Contract in North Sumatra, Indonesia, in exchange for the Bohorok partners recei...
Asset Swap Between BASF & Gazprom will not Be Completed
Russia >> 12/18/2014 - BASF and Gazprom agreed today that they will not complete the asset swap, which was planned for the end of the year. ...
Shell Agrees Sale of Some Downstream Businesses in Norway
Shell Agrees Sale of Some Downstream Businesses in Norway Norway >> 12/18/2014 - Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will be...
Eni Enters the Upstream of Portugal
Portugal >> 12/18/2014 - Eni has finalised with Petrogal, a wholly owned subsidiary of the Portuguese company Galp Energia operating in the upstream oil & gas, the farm in agreement for the acquisition of a 70% stake and ope...
Woodside Finalises Farm in Agreement with BP Offshore Canada
Canada >> 12/18/2014 - Woodside advises that it has finalised an agreement with BP to farm in to offshore blocks in the Scotian Basin, located off the coast of Nova Scotia, Canada. BP accepted Woodside’s offer to acquire a ...
Solo Provides Update on Acquisition of Interest in Kiliwani North Field
Tanzania >> 12/17/2014 - Solo Oil plc has been advised by Aminex PLC (Aminex) that, further to the Company's announcement of 11 November 2014, Aminex has now received confirmation from the Tanzanian Ministry of Energy and Min...
TAG Oil Increases Exploration Interests in Taranaki Basin
New Zealand >> 12/16/2014 - TAG Oil Ltd. says that New Zealand Petroleum and Minerals has awarded the Company 100% interest in two new onshore Taranaki Basin permits: Petroleum Exploration Permit 57065 (Sidewinder North) and Pet...
ERHC Signs MOU for Sao Tomé and Principe Exclusive Economic Zone
Sao Tome and Principe >> 12/16/2014 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced the signing of a Memorandum of Understanding (MOU) with an International Operating Company ...
Cygam Updates Status of the Sud Tozeur Permit
Tunisia >> 12/15/2014 - CYGAM Energy Inc has received acknowledgement from the Tunisian authorities to a revised proposal regarding the sale process for the Sud Tozeur permit in Tunisia. ...
SOCAR & Russian Gazprombank Signed Collection of Basic Requirements
Azerbaijan >> 12/13/2014 - President of the State Oil Company of Azerbaijan Rovnag Abdullayev received the delegation led by Andrey Akimov, Chairman of Russian the Gazprombank Management Board in the Head Office of SOCAR. Welc...
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. ...

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