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Acquisitions and Divestitures News

Statoil Awarded Exploration License Onshore Argentina
Statoil Awarded Exploration License Onshore Argentina Argentina >> 11/30/2017 - As part of the Argentina’s Gas y Petroleo del Neuquen’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquen basin. ...
AWE Receives Indicative Proposal to Acquire 100% of AWE
China >> 11/30/2017 - AWE has received an unsolicited, non-binding, indicative and conditional proposal from China Energy Reserve and Chemical Group Australia, which is a subsidiary of China Energy Reserve and Chemical Gro...
Kenya Plans $1b Dual Listing of National Oil Corp by Early 2019
Kenya >> 11/29/2017 - Kenya plans to raise $1 billion (£0.74 billion) by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its ...
Execution of North West Shelf Farm-In & Call Option Agreements with Cue Energy
Australia >> 11/29/2017 - Beach Energy Ltd (Beach) advises that it has entered into binding agreements with Cue Exploration Pty Ltd, a 100% owned subsidiary of Cue Energy Resources Limited (Cue) to acquire, subject to terms an...
Sinopec to Sell Argentina Oil Assets for Up to $600M
Argentina >> 11/28/2017 - China’s Sinopec has decided to sell its oil assets in Argentina for $500 million to $600 million to Mexican company Vista Oil & Gas, a source with knowledge of the deal told Reuters. ...
Hess Completes Sale of Interests in Equatorial Guinea
Equatorial Guinea >> 11/28/2017 - Hess Corporation has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective Jan...
SOCO Increases Interest in Cabinda North Block
Angola >> 11/28/2017 - Following on from Eni's announcement on 27 November 2017 of their appointment as Operator of the Cabinda North Block, SOCO is pleased to announce that its 80% owned subsidiary, SOCO Cabinda Limited, h...
Cluff Natural Resources Announces Extension of Southern North Sea Licences
United Kingdom >> 11/28/2017 - Cluff Natural Resources, the AIM quoted natural resources investing company, has announced that the UK’s Oil & Gas Authority ('OGA') has confirmed that the Company’s two 100% owned Southern North Sea ...
Statoil Takes Over Operatorships & Equity in the Martin Linge Field
Norway >> 11/27/2017 - Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf ...
Questerre Energy consolidates Antler assets through acquisition
Canada >> 11/27/2017 - Questerre Energy has closed an acquisition of producing Bakken/Torquay oil assets in the Antler area of southeast Saskatchewan. ...
Eni Becomes Operator of Cabinda North
Angola >> 11/27/2017 - Eni’s CEO Claudio Descalzi and Sonangol’s Chairman of the Board of Directors Carlos Saturnino signed today an agreement that assigns operatorship of Cabinda North block to Eni, as well as 48% the bloc...
Carrizo Oil & Gas Provides Update on Divestiture Program
United States >> 11/27/2017 - Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that it has closed on both of its previously-announced Appalachia divestitures and has entered into an agreement to sell substantially all of its ...
LyondellBasell & SUEZ Purchase European Plastics Recycling Company
United States >> 11/27/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced it has entered into a definitive agreement to purchase a 50 percent stake in Quality Circular Poly...
Pemex Stake in Nobilis-Maximino Deep Water Tie-up to be Cut
Mexico >> 11/24/2017 - The stake held by Mexican state oil firm Pemex in the potentially lucrative Nobilis-Maximino deep water tie-up near the U.S. maritime border will be cut from 49 percent to 40 percent, an official at t...
A BP North Sea Field to Test U.S. Policy on Iran
Iran >> 11/24/2017 - A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fiel...
Trinity's Sale of Trinidad West Coast Assets to Range Resources Fails to Gain approval
Trinidad and Tobago >> 11/23/2017 - Trinity, the independent E&P company focused on Trinidad and Tobago, provides an update regarding the proposed sale of its West Coast Assets. On 11 August 2017, Trinity announced that it had entered i...
NOVATEK Acquires Severneft-Urengoy
Russia >> 11/23/2017 - PAO NOVATEK (NOVATEK) announced the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for ...
Sale of Azulao Field
Brazil >> 11/22/2017 - Petrobras, further to the Material Fact of 05/15/2017 and Press Release of 06/19/2017, informs that it has signed, with the company ENEVA SA, through its subsidiary Parnaiba Gas Natural SA, the contra...
India's ONGC Buys 15% Stake in Namibia offshore block from Tullow
Namibia >> 11/21/2017 - India’s ONGC Videsh Ltd (OVL), the overseas investment arm of the country’s top explorer Oil and Natural Gas Corp, said on Tuesday it had acquired a 15 percent stake in Namibia’s offshore Block 2012A ...
BP to Sell Bruce Assets to Serica
United Kingdom >> 11/21/2017 - BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy. BP currently operates the assets, which comprise the Bruce, Keith and Rhum fields, three bridge-...

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