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Acquisitions and Divestitures News

SOCAR to Provide Managerial Expertise to Antipinsky Refinery
Russia >> 10/31/2019 - State Oil Company of Azerbaijan (SOCAR) completed necessary procedures and became a minority shareholder of the SOCAR Energoresurs Group in Russia. SOCAR Energoresurs Group unites Antipinsky Refinery ...
Tethys Oil Farms Into Block 56 Exploration and Production License Onshore Oman
Oman >> 10/30/2019 - Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Oman Onshore Limited (“Tethys Oil”), has entered into an agreement with Biyaq Oil Field Services (“Biyaq”) to acquire a 20 percent interes...
Total Sells Its Interest in Offshore Block CA1
Brunei Darussalam >> 10/30/2019 - Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell...
KrisEnergy to Sell Its Interest in the Andaman II PSC
Indonesia >> 10/29/2019 - KrisEnergy has accepted a binding letter of offer by a major international oil and gas company for the disposal of a 30% non-operated working interest in the Andaman II production sharing contract (PS...
Assala has 4 Licence Renewals & New Exploration Acreage Acquisitions
Gabon >> 10/28/2019 - Assala Energy announced a 25-year renewal of four of its onshore production licences, as well as the acquisition of three new onshore exploration licences. ...
Israel Awards Exploration Licenses in the Second Bidding Round
Israel >> 10/28/2019 - The Minister of Energy, Dr. Yuval Steinitz, granted the 8 licenses to the British companies Cairn and Pharos and the Israeli company Ratio, which they received from the Petroleum Commissioner within t...
Petrobras Starts Non Binding Phase of Refineries
Brazil >> 10/24/2019 - Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the sale of downstream assets, which includes: Isaac Sabba Refinery...
Receipt of OFAC License and Assurance for Rhum
United Kingdom >> 10/24/2019 - Serica Energy plc (SQZ) is pleased to announce that it has received a renewed License and secondary sanctions assurance from the US Office of Foreign Assets Control (“OFAC”) relating to the North Sea ...
Shell, Consortium Exit Two Kazakh Offshore Projects
Kazakhstan >> 10/21/2019 - Royal Dutch Shell (RDSa.L) has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the ad...
President Energy Announces the Conditional Acquisition Contract in Argentina
Argentina >> 10/21/2019 - President Energy (PPC) announces the conditional acquisition of an exploration contract in Rio Negro Province, Argentina (the Acquisition) and the subscription for US$1.825m of new ordinary shares (Or...
Dragon Oil Acquires BP’s Stake in Gulf of Suez
Dragon Oil Acquires BP’s Stake in Gulf of Suez Egypt >> 10/21/2019 - As a part of its ongoing drive to be among regionally and globally ranked Oil and Gas companies, Dragon Oil Ltd. - the fully owned exploration and production platform of Emirates National Oil Company ...
Temasek Seeks Keppel Control
Singapore >> 10/21/2019 - Subject to certain Pre-Conditions, Kyanite Investment Holdings Pte. Ltd. (the Offeror), intends to make a Partial Offer to acquire 30.55% of Shares in Keppel Corporation Limited (Keppel) at S$7.35 per...
Ecopetrol Acquires 30% of the Gato do Mato Discovery in Brazil
Brazil >> 10/21/2019 - Ecopetrol S.A. (EC) reports that its subsidiary Ecopetrol Oleo e Gas do Brasil Ltda has entered into an agreement with Shell Brasil Petroleo Ltda. to acquire 30% of the interests, rights and obligatio...
Shell Egypt to Sell Assets in Western Desert
Shell Egypt to Sell Assets in Western Desert Egypt >> 10/20/2019 - Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. ...
DTE Midstream Expands Growth Platform with Acquisition of High-Quality Midstream Assets
United States >> 10/18/2019 - DTE Midstream, a non-utility business of DTE Energy (DTE), entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase...
Petro-Victory Energy Announces ANP Approval for Acquisition of Four Fields
Brazil >> 10/16/2019 - Petro-Victory Energy Corp. (VRY) (Petro-Victory) is delighted to announce that Petro-Victory has received final approval from the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (...
Sonoro Energy Ltd executes Selat Panjang PSC with Ministry of Energy in Indonesia
Indonesia >> 10/15/2019 - Sonoro Energy Ltd (Sonoro), through a wholly owned subsidiary company, Zamatra Bakau Straits Ltd., along with its Indonesian partner, announce that it has formally executed the Selat Panjang Productio...
ADNOC Awards Russia’s LUKOIL a Stake in the Ghasha Sour Gas Concession
ADNOC Awards Russia’s LUKOIL a Stake in the Ghasha Sour Gas Concession United Arab Emirates >> 10/15/2019 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company (LUKOIL) a five percent stake in the Ghasha ultra-sou...
LUKOIL Enters the Ghasha Project in the UAE
United Arab Emirates >> 10/15/2019 - LUKOIL has acquired a 5 percent share in the Ghasha Concession Agreement from the Abu Dhabi National Oil Company (ADNOC). ...
Neptune Energy Acquires North Sea Assets from Energean
Norway >> 10/14/2019 - Neptune Energy has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initia...

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