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Acquisitions and Divestitures News

SIBUR Sold the RUB 575m OJSC Plastik
Russia >> 12/30/2013 - SIBUR has sold its 100% stake in OJSC Plastik (Uzlovaya, Tula Region, Russia) to the group of private investors. The deal value totalled RUB 575 million. ...
Batista's Oleo e Gas must Pay Debt or Risk Field Loss
Brazil >> 12/30/2013 - Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA risks losing its 40 percent stake in the Atlanta and Oliva fields in Brazil's Santos Basin for failure to pay its share of development costs...
Petrobras Concludes Sale Transaction of its Stake in BC-10
Brazil >> 12/30/2013 - Petrobras concluded the sale of its 35% stake in the offshore project Parque das Conchas (BC-10) for US$ 1.636 billion. ...
Aberdeen Sells Part of Stake in Brazil's Petrobras
Brazil >> 12/27/2013 - UK-based Aberdeen Asset Managers Limited sold 14.88 million preferential shares in Petrobras to reduce its stake in the Brazilian state-run oil company to 4.98 percent, Petrobras said in a securities ...
Chemaweyaat & Indorama Establish an Aromatics JV
United Arab Emirates >> 12/26/2013 - Abu Dhabi National Chemicals Company (ChemaWEyaat) and Indorama Ventures Public Company Limited signed a joint venture agreement to develop the Tacaamol Aromatics Plant on Madeenat ChemaWEyaat Al Ghar...
Oando & Oando Plc Executes Second Facility Agreement
Nigeria >> 12/24/2013 - Oando Energy Resources Inc., a company focused on oil and gas exploration and production in Nigeria, announced that it has entered into a second facility agreement (Second Facility Agreement) with Oan...
Borealis & First Energy JV Buys Stake in Bulgaria's Neochim
Bulgaria >> 12/23/2013 - A joint venture formed by chemicals company Borealis and First Energy Bank of Bahrain has bought a 20.3 percent stake in listed Bulgarian firm Neochim, Borealis said. ...
Gulfsands Reaches Agreement in Tunisia
Tunisia >> 12/23/2013 - Gulfsands Petroleum plc reached a number of agreements in relation to its interests in Tunisia. ...
Armour Farmin Rights Exercised – PRL2 Victoria
Australia >> 12/23/2013 - The Directors of Armour Energy Limited (the Company) wish to advise that the Company has exercised a right to farmin to Petroleum Retention Lease 2 in Victoria (PRL2), held by Lakes Oil NL. ...
Buru Acquires Additional Interest in Australia EP 438
Australia >> 12/23/2013 - Buru Energy Limited (Buru) is pleased to announce that it has entered into an agreement with Gulliver Productions Pty Ltd (Gulliver), a wholly owned subsidiary of Key Petroleum Limited and Indigo Oil ...
Kina Awarded 25% Interest in PRL 38 Offshore PNG
Papua-New Guinea >> 12/23/2013 - Kina Petroleum Limited has been awarded a 25% interest in the newly released Petroleum Retention Licence 38 (PRL 38), located offshore Papua New Guinea. ...
ANP Approves Transfer of Polvo to HRT
ANP Approves Transfer of Polvo to HRT Brazil >> 12/23/2013 - HRT Participacoes em Petroleo S.A., together with its wholly-owned subsidiary, HRT Oil & Gas Ltda, that it acknowledged the approval, through the Official Letter no 1397/2013/SEP, given on December 18...
New Interest Acquired in Indonesia
Indonesia >> 12/23/2013 - New Zealand Oil & Gas has picked up a new interest in a Production Sharing Contract in onshore south Sumatra, Indonesia. ...
Vale Signs Agreement to Sell Additional Stake in VLI
Vale Signs Agreement to Sell Additional Stake in VLI Brazil >> 12/23/2013 - Vale S. A. had signed an agreement with an investment fund managed by Brookfield Asset Management (Brookfield) for the sale of 26.5% of Vale’s stake in VLI S.A, an integrated general cargo logistics c...
Statoil Awarded New Greenland Licence
Greenland >> 12/20/2013 - Statoil, along with partners ConocoPhillips and Nunaoil, has been awarded block 6 in the East Greenland licence round. Statoil will be operator of the block. Block 6 is located offshore north-east Gre...
Ithaca Enters Agreements with Oyster & TOTAL
United Kingdom >> 12/20/2013 - Ithaca Energy Inc executed an agreement with Oyster Petroleum Limited that results in further monetisation of the Handcross exploration prospect ahead of drilling the scheduled commitment well. The C...
Tangiers Receives Official Approval for Farm-out to Galp Energia
Morocco >> 12/20/2013 - The Ministries of Energy and Finance in Morocco have officially approved the assignment of a 50 per cent interest in the Tarfaya Offshore Block from Tangiers to Galp Energia (Galp). Tangiers will main...
Lundin Provides Johan Sverdrup Update
Norway >> 12/20/2013 - Lundin Petroleum AB provides an update with respect to the progress on the Johan Sverdrup field. ...
RWE Dea Aawarded Operatorship in Three New Licenses
United Kingdom >> 12/20/2013 - In addition to the two 27th Round licences awarded earlier this year, P2018 West of Shetland and P1975 Northern North Sea, RWE Dea UK has recently been awarded a further three licences. ...
Indonesia to Tender 27 Oil and Gas Blocks in 2014
Indonesia >> 12/19/2013 - Indonesia plans to offer 27 oil and gas blocks in 2014 in both regular tenders and direct offers, a government official said, as the former OPEC member pushes to support its ballooning energy demands ...

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