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Acquisitions and Divestitures News

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. ...
Azinor Catalyst Farms into Zennor Petroleum's UKCS Block 14/17a
United Kingdom >> 12/12/2016 - Azinor Catalyst (Catalyst), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (UKCS), has signed an agreement to acquire a 50% operated interest in UKCS Lic...
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft Egypt >> 12/12/2016 - Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently h...
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin Egypt >> 12/12/2016 - Rosneft Chief Executive Igor Sechin arrived yesterday in Cairo to meet tith Minister of Petroleum and Mineral Resources Tarek El Molla, to discuss existing and potential opportunities in Egypt’s oil a...
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...
Perenco Acquired 70% Interest in TSP Block in Trinidad
Trinidad and Tobago >> 12/9/2016 - Perenco is pleased to announce the acquisition of a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago. The interest in the fields, located offshore south east of Trinidad, h...
ENAP Acquired 100% of Petropower Power Plant
Chile >> 12/9/2016 - The National Petroleum Company, ENAP, through its subsidiary ENAP Refineries SA (ERSA) - signed an agreement with Foster Wheeler-Amec plc for the purchase of 85% ownership of Petropower Energy Ltda. w...
Madalena Farms Out Coiron Amargo Sur Este to Pan American
Argentina >> 12/7/2016 - Madalena Energy Inc. (MVN and MDLNF) is pleased to announce that it has entered into agreements with Pan American Energy LLC, Sucursal Argentina (PAE) relating to its 90% working interest (WI) in the ...
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...
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. <...
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. ...
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. ...
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...

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