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Acquisitions and Divestitures News

China's CEFC in Talks for Stake at Abu Dhabi Oil Concessions
United Arab Emirates >> 12/19/2016 - Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discuss...
Mubadala to Hold Abu Dhabi's 2% Stake in BP
United Arab Emirates >> 12/19/2016 - The 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co, its spokesman was quot...
Vermilion Energy Closes Acquisition of Producing Properties in Germany
Germany >> 12/19/2016 - Vermilion Energy has completed the previously announced acquisition of interests in production and exploration assets in Germany from Engie E&P Deutschland, for total consideration of €33 million ($46...
BP Awarded 10% Interest in ADCO Onshore Concession
United Arab Emirates >> 12/17/2016 - BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil conce...
Akastor Completes Sale of Fjords Processing to National Oilwell Varco
Norway >> 12/16/2016 - Reference is made to the stock exchange release dated October 27, 2016 regarding Akastor's agreement to sell Fjords Processing to National Oilwell Varco. All closing conditions have been fulfilled. ...
Gazprom CEO Says Company May Swap Assets With Mitsui/Mitsubishi
Russia >> 12/16/2016 - Gazprom Chief Executive Alexey Miller said on Friday that strategic co-operation agreements with Japanese trading house Mitsui & Co and Mitsubishi Corp may involve asset swaps.
Brazil Assets Acquisition Update
Brazil >> 12/16/2016 - As announced on 7 October 2016, Karoon is negotiating the potential acquisition of an operated 100% interest in the Bauna oil project and a non-operated 50% interest in the Tartaruga Verde oil develop...
Shell, Varo in Talks on German Refinery Stake Sale
Germany >> 12/15/2016 - Royal Dutch Shell and Varo Energy are in advanced talks on the sale of Shell's 37.5 percent stake in the 220,000 barrels per day refinery in Schwedt, Germany, they said on Thursday. ...
Freeport-McMoRan Completes Sale of Deepwater GOM Properties
United States >> 12/15/2016 - Freeport-McMoRan Inc. (FCX) announced that it has completed the previously announced sale of its Deepwater Gulf of Mexico (GOM) properties to Anadarko Petroleum Corporation (APC) for $2.0 billion in c...
Mongolia Government Approval of Reassignment of Interest
Mongolia >> 12/15/2016 - Further to previous announcements on the matter, Petro Matad is pleased to announce the receipt of Mongolian Government approval of the reassignment of the interests in Blocks IV and V. Shell is being...
Empyrean Energy Awarded Block Offshore China
China >> 12/15/2016 - AIM-listed Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin, offshore China, following a successful application to t...
Anton Signs Strategic Cooperation Agreement with HBP & Geo-Jade
China >> 12/15/2016 - Anton Oilfield Services, a leading independent oil and gas field technical service provider in China, has signed an in-depth strategic cooperation agreement with China Oil HBP Science & Technology Co ...
88 Energy Announces Substantial Increase in Alaska Land Holding
United States >> 12/15/2016 - 88 Energy Limited (88 Energy) is pleased to announce the following update in relation to Project Icewine (77.5% Working Interest, Operator), located on the Central North Slope of Alaska. ...
CNPE Approves Guidelines for ANP Bids Rounds
CNPE Approves Guidelines for ANP Bids Rounds Brazil >> 12/14/2016 - The Ministry of Mines and Energy (MME) held the 33rd Meeting of the National Energy Policy Council (CNPE). Among the main definitions of meeting are the approval of the guidelines for the 14th Round o...
Gulfport Enters SCOOP Play with $1.85b Billion Acquisition
United States >> 12/14/2016 - Gulfport Energy Corporation (Gulfport) has entered into a definitive agreement with Vitruvian II Woodford, LLC (Vitruvian), a portfolio company of Quantum Energy Partners, to acquire approximately 46,...
Statoil Sells its Oil Sands Business
Canada >> 12/14/2016 - Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation. The transaction covers the producing ...
AWE Completes Divestment Program with Tui Sale
New Zealand >> 12/13/2016 - AWE Limited has entered into an agreement to sell the company’s 57.5% interest in the Tui Area Oil Fields to Tamarind Management Sdn Bhd (Tamarind), subject to customary consents from the New Zealand ...
Callon Petroleum Enters Into Core Southern Delaware Basin
United States >> 12/13/2016 - Callon Petroleum Company (Callon) announced that its wholly owned subsidiary, Callon Petroleum Operating Company, has entered into a definitive agreement to acquire certain undeveloped acreage and pro...
Sinopec Said to Eye Takeover of Kurdistan’s Gulf Keystone
Iraq >> 12/13/2016 - China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of beleaguered Kurdish oil producer Gulf Keystone Petroleum Ltd., people familiar with the matter said. ...
Receipt of Regulatory Approvals
Morocco >> 12/12/2016 - Sound Energy, the African and European focused upstream gas company, is pleased to announce, following receipt of regulatory approval, the transfer to the Company of the 75% operated interest in the S...

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