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Acquisitions and Divestitures News

SSE to Sell $755M Stake in Scotia Gas to Abu Dhabi
United Arab Emirates >> 10/17/2016 - SSE plc has entered into an agreement to sell a 16.7% equity stake in Scotia Gas Networks Limited (‘SGN’) to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for a headline cons...
Odfjell Sells $90M Stake in Sohar Tank Terminal
Oman >> 10/17/2016 - Odfjell SE announces that Odfjell Terminals B.V. (”OTBV”), the joint venture holding company that owns and operates substantially all of Odfjell’s tank terminals worldwide, has entered into an agreeme...
TransAtlantic Petroleum to Sell Thrace Basin Natural Gas subsidiary to Valeura Energy
Turkey >> 10/16/2016 - TransAtlantic Petroleum has entered into a share purchase agreement with Valeura Energy for the sale of its wholly-owned subsidiary, Thrace Basin Natural Gas (Turkiye) Corp ('TBNG'). ...
Rosneft Acquires 49% of Essar Oil Limited by USD 12.9 bln
Rosneft Acquires 49% of Essar Oil Limited by USD 12.9 bln Russia >> 10/15/2016 - Rosneft completes the signing of the Sale and Purchase Agreement for a 49% stake in Essar Oil Limited (hereinafter - “EOL”) from Essar Energy Holdings Limited and its affiliates. Rosneft Board of Dir...
Rosneft & ONGC Deal to Be Completed
Russia >> 10/15/2016 - Rosneft and ONGC Videsh Limited signed within the BRICS summit an Agreement on the preparation for the completion relating to the sale and purchase agreement of 11% shares in Vankorneft JSC. The docum...
NIOC Subsidiary in Sears of Int’l Partners to Develop Oil Projects
Iran >> 10/14/2016 - A subsidiary of the National Iranian Oil Company (NIOC) in upstream projects, Petroiran, is seeking international partners to develop offshore fields under the new model of oil contracts, the company’...
QGEP Takes Pacific Brazil’s Stakes in Three Blocks
QGEP Takes Pacific Brazil’s Stakes in Three Blocks Brazil >> 10/14/2016 - QGEP Participaçoes S.A. announces that it signed an agreement to assume the working interest that its partner, Pacific Brasil Exploraçao e Produçao de Oleo e Gas Ltda. (Pacific) holds in three explora...
Cue Energy Farms out North West Shelf Gas Prospet to BP
Australia >> 10/13/2016 - Cue Energy Resources has advised that its 100% owned subsidiary, Cue Exploration, has executed agreements with BP Developments Australia for BP, subject to government approval and completion of standa...
Clontarf & Petrel Submit Proposed Work Programme for Tano Acreage in Ghana
Ghana >> 10/12/2016 - The Directors of Clontarf are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghana...
Rosneft Closed the Deal on Acquisition of the Government’s Stake in Bashneft
Russia >> 10/12/2016 - Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bas...
Axens Files Proposal to Acquire Heurtey Petrochem Group
France >> 10/12/2016 - Axens announced today that it has filed a voluntary takeover bid proposal with the AMF (French capital markets authority) to acquire the shares of Heurtey Petrochem (the “Bid”). Axens is a wholly-own...
Extension of Contract to Acquire Turkish Oil and Gas Production Companies
Turkey >> 10/11/2016 - Park Place Energy Inc. (PKPL) previously announced it had entered into an agreement to purchase three oil and gas exploration and production companies operating in Turkey. The "Tiway Companies" own in...
SOCAR & OMV Petrol Ofisi Agreed on Aliaga Terminal
Azerbaijan >> 10/11/2016 - A group of international investors led by SOCAR, the largest direct foreign investor in Turkey, has reached an agreement with OMV Aktiengesellschaft to acquire the Aliaga Storage Facilities owned by O...
Terms of Running NIOC Tender Bids Soon to Be Announced
Iran >> 10/10/2016 - Deputy Head of National Iranian Oil Company (NIOC) for Hydrocarbon Source Projects Karim Zobeidi says terms and conditions of running new oil tenders will be announced soon. ...
Duke Energy Completes Exit of International Business in Deals Valued at $2.4 Billion
Peru >> 10/10/2016 - Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise v...
Harvest Natural Resources Close Sale Of Venezuelan Interests
Venezuela >> 10/7/2016 - Harvest Natural Resources, Inc. has sold all of its Venezuelan interests in a closing that became effective this morning. The closing occurred in accordance with Harvest's previously announced share p...
Jersey Oil and Gas plc Completes Farm-out to Statoil
United Kingdom >> 10/6/2016 - Jersey Oil & Gas, an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea, is pleased to announce that, further to the announcement of 23 August 2016, ...
Lukoil Takes Part in Building New Bulk Fuel Installations
Russia >> 10/6/2016 - OOO LUKOIL-AERO (a fully owned subsidiary of JPSC LUKOIL’s) and AO Aeroport Sheremetyevo have kicked off a joint project to build bulk fuel installations in the territory of Sheremetyevo International...
Russian Government Tells Rosneft Board to Approve Bashneft Purchase
Russia >> 10/6/2016 - The Russian government instructed the board of state oil firm Rosneft to approve the purchase of a 50.1 percent stake in smaller oil firm Bashneft for a price not higher than 330 billion roubles ($5.3...
Sale of Bauna and Tartaruga Verde Fields
Brazil >> 10/6/2016 - Petrobras announces that it is negotiating with Karoon Gas Australia Ltd the sale of its participation in the Bauna and Tartaruga Verde fields. ...

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