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Acquisitions and Divestitures News

Rosneft Submitted a Mandatory Offer for the Acquisition of Bashneft Ordinary Shares
Russia >> 11/15/2016 - In accordance with the Russian legislation Rosneft on November, 15 2016 submitted to Bashneft the mandatory offer for the acquisition of 55 466 137 Bashneft ordinary shares, comprising 37,52% of the t...
Russian Economy Minister Ulyukayev Detained in Bribery Case
Russia >> 11/15/2016 - Russian investigators said they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault li...
Strata-X to Farm-in to 273,000 Acre Botswana CSG Project
Botswana >> 11/14/2016 - ASX disclosure note - 5.28.2 - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These...
Japan Passes Law to Allow JOGMEC to Invest in Foreign Oil & Gas Firms
Japan >> 11/12/2016 - Japan's parliament passed a bill to allow state-run Japan Oil, Gas and Metals National Corp (JOGMEC) to participant in purchases of foreign oil and gas companies by Japanese firms or buy into foreign ...
Botswana Identifies Buyer for Ailing Chinese-Built Power Plant
Botswana >> 11/12/2016 - Botswana will not sell back its troubled 600 megawatt power plant to the Chinese company that built it, as had been widely expected, and will instead offload it to a different Beijing-controlled firm,...
Hawkley Oil & Gas Completes Sale of Ukraine Assets
Ukraine >> 11/11/2016 - Hawkley Oil & Gas Limited (Hawkley) is pleased to announce that it has successfully completed the sale of its Ukraine assets to Tomeas Assets Ltd (“Tomeas”). Total consideration of US$1,000,000 has no...
ConocoPhillips Announces $5 to $8 Billion Divestiture Program
United States >> 11/11/2016 - ConocoPhillips analyst and investor meeting to outline strategy and actions for accelerating value proposition ...
Dril-Quip Completes Acquisition of TIW Corporation
United States >> 11/11/2016 - Dril-Quip, Inc. (DRQ) has completed its previously announced acquisition of TIW Corporation. TIW, based in Houston, Texas, is a global provider of liner hanger systems and related equipment and servi...
Mitra Closes Acquisition Of Stag Oilfield
Australia >> 11/11/2016 - Mitra Energy Inc. (MTE) is pleased to announce that Jadestone Energy (Australia) Pty Ltd (“Jadestone”), a wholly owned subsidiary of Mitra, has closed the acquisition of the Stag Oilfield. ...
Nigeria Proposes Broad Oil Sector Overhaul, Sale of Stakes in NNPC
Nigeria >> 11/11/2016 - Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernize and streamline an industry known for graft and mismanagement. The ministry...
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...
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. ...
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...
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 ...
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. ...
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...
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...
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...

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