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Acquisitions and Divestitures News

Block 50 Oman Licence Extended by Three Years - Seeking to Farm out
Oman >> 9/5/2016 - Rex International Holding Limited, and together with its subsidiaries, is ramping up activities in Oman and will be focusing on several initiatives to generate cash flow in 2017. ...
Ministry Transfers Shares in Salalah Port to Oman Global Logistics Group
Oman >> 9/4/2016 - Oman’s Ministry of Finance has transferred its 20.085 per cent stake held in Salalah Port Services to Oman Global Logistics Group SAOC. The number of shares in absolute terms is 36.12 million, with ea...
Russia Aiming for over $11 Billion from Rosneft Stake Sale
Russia >> 9/3/2016 - Russia hopes to raise more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry ...
Armour Energy Completes Kincora Acquisition from Origin
Australia >> 9/2/2016 - Amour Energy Limited is pleased to announce that settlement has now been completed on the last of the tenements (exploration licence ATP647) of its Kincora Project as acquired from Origin under agreem...
GE Completes Sale of Commercial Lending & Leasing Business in India
India >> 9/1/2016 - GE has completed the sale of its Commercial Lending and Leasing business in India to a consortium of former GE Capital executives led by Pramod Bhasin and Anil Chawla and backed by AION Capital Partne...
Terra Nova Enters Into Farmout Agreement for Bobocu Gas Field
Romania >> 9/1/2016 - Terra Nova Energy Ltd. (Terra Nova) has entered into a Farmout Agreement (Agreement) with Zeta Petroleum (Romania) S.R.L. (Zeta Petroleum) to acquire up to an eighty percent (80%) participating intere...
PBF Logistics Completes Acquisition of Torrance Valley Pipeline Interest
United States >> 9/1/2016 - PBF Logistics LP (NYSE: PBFX, the "Partnership") acquired a 50 percent interest in Torrance Valley Pipeline Company LLC (the "TVPC") from an affiliate of PBF Energy Inc. (PBF) for a total consideratio...
Zargon Closes Sale of its Southeast Saskatchewan Assets
Canada >> 9/1/2016 - Zargon Oil & Gas Ltd. (Zargon) announces the closing of the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million. The effective date of the transaction is July 1, 2...
At Least 8 Oil Companies to Bid in Mexico Trion Tender
Mexico >> 9/1/2016 - At least eight large oil companies will participate in Mexico's tender to partner with state oil company Pemex to develop the deep-water Trion field in the Gulf of Mexico, two sources from the Nationa...
African Petroleum Signs LOI for Farm out of Blocks A1 & A4
Gambia >> 8/31/2016 - African Petroleum, an independent oil and gas exploration company with interests in ten licences in five countries offshore West Africa, is pleased to announce that it has signed a Letter of Intent (L...
Brazil May Open Petrobras Subsalt Offshore Area to Other Companies
Brazil >> 8/31/2016 - Brazil may allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the exploration and production policy at the...
SeaOwl Pursues International Growth with Acquisition of Ogas Solutions
Thailand >> 8/30/2016 - Following the acquisition of Wellstaff (in April 2016) and three years after that of Fortiori (in July 2013), SeaOwl today announces the acquisition of Ogas Solutions, an oil and gas services group cr...
Uganda Awards Production Licences to Tullow Oil & Total
Uganda >> 8/30/2016 - Uganda granted five production licences to UK-listed explorer Tullow Oil and three to France's Total, clearing a major hurdle as the east African country aims to move more quickly towards crude produc...
Shell Divests Gulf Of Mexico Assets for $425m Plus Royalty Interests
United States >> 8/29/2016 - Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248,...
Verisk Analytics Acquires Quest Offshore’s Subscriptions Business
United States >> 8/29/2016 - Verisk Analytics, Inc., a leading data analytics provider, announced the acquisition of the data and subscriptions business of Quest Offshore Resources, Inc. (Quest Offshore), which supplies market in...
Verisk Analytics Acquires Quest Offshore’s Data and Subscriptions Business
United States >> 8/29/2016 - N.J., Verisk Analytics, Inc. (VRSK), a leading data analytics provider, announced the acquisition of the data and subscriptions business of Quest Offshore Resources, Inc. (“Quest Offshore”), which sup...
Gazprom Neft Acquires 3 Aviation Refuelling Complexes at Major Airports Throughout Chukotka
Russia >> 8/29/2016 - Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has completed its acquisition of a 100-percent holding in Chukotaerosbit LLC, an enterprise involved in aviation refuelling...
NIOC to Sign 2-3 Contracts Based on New Scheme by Year End
Iran >> 8/27/2016 - Deputy Managing Director of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said that by the end of this Iranian calendar year of 1395 (2016-17), more than three contracts will be sign...
Atlas Copco to Acquire Chinese Self-Pierce Riveting Solutions Business
Sweden >> 8/26/2016 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the self-pierce riveting business of Phillip-Tech (Beijing) Co., Ltd. ...
Relinquishment of South Marsh Island Block 6 Lease
United States >> 8/26/2016 - On June 9, 2016, Byron Energy Limited announced it would not re-enter the Byron Energy SM6 #2 (SM6 #2) wellbore due to concerns about the wellbore's mechanical integrity and geologic conditions encoun...

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