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Acquisitions and Divestitures News

Niko Resources Re-Launches Sales Process for Deep-Water D6 Block Offshore India
India >> 11/10/2016 - Announcing its latest operating and financial results, Niko Resources said it was re-launching the sales process for the Company's interest in the deep-water D6 Block, offshore India. ...
PetroQuest Energy Enters into East Texas Joint Venture
United States >> 11/10/2016 - PetroQuest Energy, Inc. has entered into East Texas joint venture agreements to develop the Cotton Valley formation with a group of investors (the "Partners"), whereby the Partners acquired an approxi...
Mosman Oil and Gas Acquires Procusing Oil Asset in USA
United States >> 11/9/2016 - AIM-listed Mosman Oil and Gas has, via a newly formed USA subsidiary company, entered into an agreement with a subsidiary of Cue Energy Resources to acquire an 80 per cent. interest in the Pine Mills ...
Siccar Point Energy Confirms Acquisition of OMV (UK)
United Kingdom >> 11/9/2016 - Following OMV's announcement on Tuesday, Siccar Point Energy has confirmed its acquisition of OMV (UK) from OMV. Aberdeen-based Siccar Point is a North Sea focussed E&P company backed by funds managed...
KrisEnergy Farms out Block A Aceh Working Interest
Indonesia >> 11/9/2016 - KrisEnergy has reduced its working interest in the Block A Aceh production sharing contract to 15% in alignment with its revised business plan to reduce future capital expenditure while maintaining ex...
Denmark's DONG Energy to Exit Oil and Gas Business
Denmark >> 11/8/2016 - Danish energy group DONG Energy plans to quit the oil and gas business to focus solely on offshore wind power, adding to billions of dollars of North Sea oil and gas assets already up for sale. ...
Russia Signs Decree to Sell 19.5% Rosneft Stake
Russia >> 11/8/2016 - Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year. ...
OMV Sells OMV UK to Siccar Point Energy for $1 Billion
Scotland >> 11/8/2016 - OMV has reached an agreement for the sale of 100% of the shares in its wholly owned subsidiary OMV (U.K.) Limited to Siccar Point Energy Limited, Aberdeen. The transaction was approved in today's meet...
Yokogawa Electric Corporation Completed the Acquisition of SVM
Japan >> 11/8/2016 - Yokogawa Electric Corporation announces that it has completed the acquisition of Soteica Visual Mesa (SVM), a leading energy management technology provider, further delivering on a number of key objec...
Rosneft & Beijing Gas Sign Binding Documents for the Sale of 20% Stake in Verkhnechonskneftegaz
Russia >> 11/7/2016 - Rosneft and Beijing Gas Group Company Limited (Beijing Gas) signed a Purchase and Sale Agreement and a Shareholder and Operating Agreement for the sale of a 20% stake in Verkhnechonskneftegaz (a Rosne...
Botswana to Sell Struggling Chinese-Built Power Plant
Botswana >> 11/5/2016 - Botswana will sell a 600 megawatt Chinese-built power plant after persistent technical problems since it was commissioned in 2012, the country's state electricity firm said on Saturday. Botswana's Mor...
Nostra Terra Oil & Gas Completes Permian Basin Acquisition
United States >> 11/3/2016 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the acquisition of producing assets in the Permian Basin of Tex...
Update on Three West Coast Exploration Licences
Canada >> 11/1/2016 - The Canada-Newfoundland and Labrador Offshore Petroleum Board advises that Exploration Licences (ELs) 1127 and 1128, each of which were held 100% by Black Spruce Exploration Corp., have been cancelled...
FAR Disputes Conocophillips' Sale of Senegal Assets to Woodside
Senegal >> 10/31/2016 - FAR Ltd notes public announcements made by ConocoPhillips (COP) and Woodside Petroleum Limited (WPL) in relation to the proposed sale of COP’s Senegal assets. As noted by both COP and WPL in announcem...
NU-Oil and Gas Agrees Heads of Terms on PL2002-01(A)
Canada >> 10/31/2016 - The Company has agreed Heads of Terms with PVF Energy Services Inc. (PVF), (together, the "Parties"), under which the Parties will work together to establish commercial production operations on the Co...
IGas Energy Issues Announcement Regarding Press Speculation
United Kingdom >> 10/31/2016 - IGas Energy confirms, further to last week's announcement of Wednesday 26 October and press reports over the weekend, that as it seeks a capital structure appropriate for the business in the current o...
Statoil Increases Share in Byrding Development
Norway >> 10/31/2016 - Statoil has agreed to acquire Wintershall Norge’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). On conclusion of this transaction Statoil will increase its interest fro...
TAG Oil to Acquire Surat Basin Assets from Southern Cross
Australia >> 10/31/2016 - Oil and gas exploration and production company, TAG Oil Ltd. (TAG), is pleased to announce that its wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd. (Cypress), has entered into a definit...
NOVATEK Obtains Tanamskiy Subsoil License in the Krasnoyarsk Territory
Russia >> 10/28/2016 - PAO NOVATEK (NOVATEK) announces that its subsidiary OOO NOVATEK-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the Tanamskiy subsoil area fo...
Cluff Natural Resources Updates North Sea Licences P2253 & P2258
United Kingdom >> 10/28/2016 - In the Company's most recent announcement of 19 October the Company had received an extension on both of its 100% held licences (P2248 and P2252) for a further year to 30 November 2017 and that an ext...

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