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Acquisitions and Divestitures News

Eni Signs A Strategic Agreement with KazMunayGas
Kazakhstan >> 6/12/2014 - In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbayev,...
Niko Sells its Equity Stake in Block 5
Trinidad and Tobago >> 6/12/2014 - Niko Resources Ltd. announced that the Government of Trinidad and Tobago has approved the previously announced sale of a 25% interest in Block 5(c) in Trinidad and Tobago to a subsidiary of the BG Gro...
Essar Group Plans to Sell UK Refinery
United Kingdom >> 6/11/2014 - India's Essar Group plans to sell the Stanlow refinery in Britain, three sources familiar with the matter said. ...
President Acquires Further 5% Interest in Pirity Concession
Paraguay >> 6/10/2014 - President announces the acquisition of the entire issued share capital of LCH SA ("LCH"), a Paraguayan company which has a carried 5% Participating Interest in the Pirity Concession, where President h...
Petrolia Enters into Agreement with Det norske
Norway >> 6/10/2014 - Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Det norske oljeselskap ASA to purchase 10% in PL 558. PL558 is located in the Norwegian Sea east and adjacent t...
Zeta Provides Update on Acquisition of Interest in Proven Oil Concession, Romania
Romania >> 6/10/2014 - Zeta Petroleum plc, the ASX listed oil and gas exploration and production company, announces an update in relation to the proposed acquisition of an interest in an oil concession in Romania, further d...
Eni Enters Offshore Exploration Right Permit in South Africa
South Africa >> 6/10/2014 - Eni has concluded an agreement with Sasol Petroleum International, the upstream O&G subsidiary of Sasol Limited, to acquire a 40% interest and Operatorship in the Exploration Right permit 236 (ER236)...
Calumet Becomes JV Partner in Commercial GTL Project
United States >> 6/9/2014 - Calumet Specialty Products Partners, L.P, a leading independent producer of specialty hydrocarbon and fuel products, announced its investment as a joint venture partner in the construction of a commer...
OER Executes Extension for Acquisition of Nigerian Assets from ConocoPhillips
Nigeria >> 6/9/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press release dated April 9, 2014, OER also announces that it has ext...
AziPac Takes 40% Interest in the Bone PSC
Indonesia >> 6/9/2014 - AziPac Limited, the Seacrest Group backed E&P company focussed on the maritime basins offshore Asia Pacific and the Bay of Bengal, is pleased to announce that it has taken a 40% participating interest...
Exxonmobil Signed MOU with The Ministry of Mines, Industry & Energy
Equatorial Guinea >> 6/9/2014 - The Ministry of Mines, Industry and Energy is pleased to announce that a Memorandum of Understanding (MOU) was signed in Malabo today between the Government of Equatorial Guinea, represented by the Mi...
Niger Awards New Oil Production Contract to UK Firm
Niger >> 6/7/2014 - Niger has awarded a production-sharing contract to a UK-based firm called Savannah Petroleum as it seeks to attract a broader range of investors into its nascent oil industry. ...
Ramboll Enters UK Oil & Gas Market with the Acquisition of Apply Altra
Norway >> 6/6/2014 - Up until the acquisition, which was officially signed in Norway last week, Apply Altra has been part of the Apply Group. With the formal shift in ownership on 2 June, the name has been changed to Ramb...
PPG to Acquire Specialty Coatings Supplier the Homax Group
United States >> 6/5/2014 - PPG Industries announced that its North American architectural coatings business has reached a definitive agreement to acquire The Homax Group, Inc., a supplier of decorative wall and ceiling texture ...
Agreement to Sell 40% Stake in Greater Bualuang Area
Thailand >> 6/5/2014 - Salamander has signed a non-binding HoA with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang Field) and the surrounding G4/50 concession for a tota...
Temporary Adjournment of Legal Proceedings for Tano 2A
Ghana >> 6/4/2014 - The board of Petrel Resources announces that the legal proceedings being pursued in the High Court in Accra, Ghana in relation to the Tano 2A exploration licence have been temporarily adjourned while ...
LGO Terminates Talks on Potential Partnership in Spain
Spain >> 6/4/2014 - LGO announces that further to its announcement of 18 March 2014 it has now terminated negotiations with Pansoinco s.r.l. over a possible partnership in LGO's oil and gas assets located in Northern Spa...
Renewable Energy Group Completes Syntroleum Acquisition
United States >> 6/3/2014 - Renewable Energy Group, Inc. announced that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of substantially all of the assets of Syntroleum Corporation. ...
Tower Resources Completes Farm-in to Block 2B, Kenya
Kenya >> 6/3/2014 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, is pleased to announce the completion of its farm-in to Block 2B, onshore Kenya. ...
Karoon Enters Agreement for the Sale of Browse Basin Exploration Permits
Australia >> 6/2/2014 - Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for...

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