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Acquisitions and Divestitures News

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. ...
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. <...
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...
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. ...
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'...
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. ...
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. ...
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...
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...
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...
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. ...
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...
GeoPark Announces Morona Block Approval in Peru
Peru >> 12/1/2016 - GeoPark Limited (GPRK) announced it has obtained final regulatory approval for its acquisition of the Morona Block in Peru. ...
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...
SOCAR Did Not Extend the Term of the Privatization Tender for 66% of DESFA
Azerbaijan >> 12/1/2016 - SOCAR, Hellenic Republic Asset Development Fund S.A and Hellenic Petroleum S.A. did not extend the term of the privatization tender for 66% of Hellenic National Natural Gas System Operator S.A. (DESFA...
Ancala to Acquire SAGE Interest from Apache
United Kingdom >> 11/30/2016 - Ancala Midstream Acquisitions has agreed to terms to acquire Apache’s interest in the Scottish Area Gas Evacuation system (‘SAGE’) and Beryl pipeline. Ancala Midstream will acquire Apache’s 30.28 perc...
Investment in Canada, Farm-out and Fundraising
Canada >> 11/30/2016 - Northern Petroleum, the AIM quoted oil company focusing on production led growth, has agreed to divest interests in its assets, as detailed below, to High Power Petroleum LLC (H2P), for a consideratio...

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