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Acquisitions and Divestitures News

Sao Tome to Terminate Oil Block with Sinopec-Sonangol JV
Sao Tome and Principe >> 12/7/2016 - Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol, a joint venture between China's and Angola's state-owned petroleum companies for "breach and violation" of their ...
Acquisition of Karish and Tanin Natural Gas Fields
Israel >> 12/7/2016 - The Petroleum Council of Israel has announced its approval of the acquisition of 100% of the Karish and Tanin Natural Gas Fields by Energean Oil & Gas (“Energean” or “the Company”) from Delek Drilling...
BHP Billiton Awarded Bid for Trion in Deepwater
Mexico >> 12/6/2016 - BHP Billiton announced that it submitted the winning bid to acquire a 60 per cent participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the...
Total Awarded Exploration Blocks in Offshore Mexico
Total Awarded Exploration Blocks in Offshore Mexico Mexico >> 12/6/2016 - Total has been awarded exploration licenses on 3 Blocks in offshore Mexico, following the country’s first competitive deep water bid round. ...
Hellenic Declared Preferred Bidder for Block 10, Offshore Greece
Greece >> 12/6/2016 - The Ministry of Environment & Energy, in the context of the 2nd International Round, declared HELLENIC PETROLEUM as the “Selected Applicant” for the offshore block 10, W. Greece, Kyparissiakos Gulf. <...
Exxon Pulls out of Three Exploration Blocks in Kurdistan
Iraq >> 12/6/2016 - Exxon Mobil has pulled out of half of the six exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported. ...
Mitsui Acquires Shell's Interest in the Gulf of Mexico
United States >> 12/5/2016 - Mitsui & Co., Ltd. (Mitsui) is pleased to announce that it has reached an agreement with Shell Offshore Inc., (Shell), a subsidiary of Royal Dutch Shell plc , to acquire 20% working interest of Shell'...
BP Acquires Repsol's Stake in Tangguh LNG Project
Indonesia >> 12/5/2016 - BP has acquired Spanish group Repsol's 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. ...
Gazprom’s Supplies to Italy Increase by 36.5% in November 2016
Russia >> 12/5/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Claudio Descalzi, Chief Executive Officer of Eni, took place in St. Petersburg today. ...
Chesapeake Sells Haynesville Shale Acreage Positions for $450m
United States >> 12/5/2016 - Chesapeake Energy Corporation has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximatel...
Rosneft Board to Discuss Buying Stake in Shorouk Concession
Rosneft Board to Discuss Buying Stake in Shorouk Concession Egypt >> 12/5/2016 - The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said. ...
Indonesia Keen on Joining Iran Upstream Projects
Iran >> 12/5/2016 - Indonesian companies are interested to join upstream projects in Irans oil industry in fields like Ab Teymour and Mansouri oilfields, said Chairman of the Peoples Consultative Assembly (MPR) of Indone...
Australia's Origin Energy to Spin Off Oil and Gas Assets in IPO
Australia >> 12/5/2016 - Australia's top power and gas retailer Origin Energy will spin off its interests in conventional oil and gas fields in an initial public offering the company said on Tuesday, a reversal from September...
Statoil Awarded Licences in Mexico’s Deepwater Round
Statoil Awarded Licences in Mexico’s Deepwater Round Mexico >> 12/5/2016 - Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1. ...
Hyperdynamics Signs LoI for a 20% Interest in Guinea Concession
Guinea >> 12/5/2016 - Hyperdynamics Corporation has signed a Letter of Intent (LOI) with South Atlantic Petroleum Limited (SAPETRO) under which the two companies will negotiate the assignment of a participating interest in...
Pemex, Chevron & Inpex Winners of Block 3 in Round 1
Pemex, Chevron & Inpex Winners of Block 3 in Round 1 Mexico >> 12/5/2016 - Petroleos Mexicanos is pleased to announce that its subsidiary Pemex Exploracion y Produccion, participating jointly with the companies Inpex Corporation and Chevron Energia de Mexico S. de R.L. de C....
Murphy Oil & Partners Award of Deepwater Block in Mexico
Mexico >> 12/5/2016 - Murphy Oil Corporation (MUR) announced that a joint venture led by its Mexican subsidiary, Murphy Sur, S. de R.L. de C.V., was the high bidder and is expected to be awarded Block 5 during Mexico's fou...
Apex International Energy Awarded First Blocks in Egypt
Apex International Energy Awarded First Blocks in Egypt Egypt >> 12/2/2016 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has been awarded Blocks 8 and 9 by the Egyptian General Petrol...
Egypt Accepts Six Bids for Oil and Gas Exploration
Egypt Accepts Six Bids for Oil and Gas Exploration Egypt >> 12/2/2016 - Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said. ...
Melbana Energy Gets WA-488-P Licence Extension
Australia >> 12/1/2016 - Melbana Energy, formerly known as MEO Australia, has been notified by the National Offshore Petroleum Titles Administrator ('NOPTA') of the approval of its application to vary the WA-488-P (Melbana 10...

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