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Acquisitions and Divestitures News

Mega Project to Be Signed by Next 4-5 Months
Iran >> 8/10/2016 - Deputy Minister of Petroleum for Trade and International Affairs Amir-Hossein Zamaninia said that by the next four to five months mega projects will be signed with foreign companies. Zamaninia made th...
Mitra to Acquire 30% Working Interest in Blocks 05-1B & 05-1C
Vietnam >> 8/9/2016 - Vancouver, 9th August 2016: Mitra Energy Inc. (MTE) is pleased to announce that Mitra Energy (Vietnam 05-1) Pte Ltd (“Mitra 05-1”), a wholly-owned subsidiary of Mitra, as buyer, and Mitra, as guarant...
OMV Divests 30% Stake in Rosebank
United Kingdom >> 8/9/2016 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell a 30 percent interest in the UK offshore oil and gas project Rosebank to Suncor Energy (“Suncor” ). Suncor, ba...
Three Year Extension Awarded for Licence PL001
Falkland Islands >> 8/5/2016 - Argos Resources Limited, the Falkland Islands based company which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, has been advised that a three-year extension to ...
Atlas Copco Completes Acquisition of South Korean Exhaust Management Company
Sweden >> 8/5/2016 - Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of CSK Inc., a leading supplier of exhaust management systems in the South Korean semiconductor, di...
Eni Reaches Deal with Exxon on Mozambique Gas Project
Mozambique >> 8/5/2016 - Italian oil firm Eni has wrapped up long-running talks to sell a multi-billion dollar stake in its planned Mozambique liquefied natural gas (LNG) development to Exxon Mobil, two sources with knowledge...
Fugro Divests Asia Pacific Subsea Services Business
Australia >> 8/4/2016 - Fugro NV (Fugro) and Shelf Subsea Holdings UK Ltd (Shelf Subsea) announce today that they have signed an agreement under which Shelf Subsea will acquire the Fugro subsea services business in Asia Paci...
SKP Executes Agreement to Acquire East Siberia Oil & Gas Asset
Russia >> 8/2/2016 - Skyland Petroleum has executed a binding share purchase agreement with a private Russian company for the purchase of a producing oil and gas asset located in Eastern Siberia. ...
Malaysia's Coastal to Acquire 49% Stake in Indonesia's JSK Gas
Indonesia >> 8/2/2016 - Malaysia's Coastal Contracts Bhd reported Monday that the firm has entered into a Memorandum of Understanding (MOU) with PT Jaya Samudra Karunia Internasional (JSK) to acquire 49 percent interest in I...
Cobalt's Angola Stake Sale to Sonangol Unlikely
Angola >> 8/2/2016 - Cobalt International Energy Inc said it was unlikely to close a $1.75 billion sale of its 40 percent stake in two offshore oil blocks in Angola to the state oil company, sending its shares down as muc...
Vaalco Acquired Additional Working Interest in Etame Marin Permit
Gabon >> 8/1/2016 - VAALCO Energy, Inc. has signed a purchase and sale agreement to acquire an additional 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame...
Marubeni Corporation to Acquire Stake in Portuguese Gas Distribution Business
Japan >> 7/29/2016 - Marubeni Corporation (“Marubeni”), together with Toho Gas Co., Ltd. (“Toho Gas”), have reached an agreement with Galp Energia, SGPS, S.A. (“Galp”), a major Portuguese energy company, to acquire a 22.5...
Statoil Acquires Operated Interest in Carcara Pre-salt Oil Discovery
Brazil >> 7/29/2016 - Statoil ASA and Petrobras have agreed that Statoil will acquire Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s highly prolific Santos basin. The acquisition includes a sub...
Key Petroleum Exercises Option to Acquire Interest in WA-481-P
Australia >> 7/29/2016 - Key Petroleum has exercised an option under a Cooperation Agreement with Pilot Energy to acquire a 40% interest in Exploration Permit WA-481-P, located in the offshore North Perth Basin, Western Austr...
Rimrock Resource Announces Acquisition Of SCOOP Assets
United States >> 7/28/2016 - Rimrock Resource Partners, LLC has closed a $150 million acquisition of assets from an undisclosed seller. The oil and gas assets cover approximately 24,500 net leasehold acres that are 100 percent he...
Mitra to Acquire 100% Interest in Stag Oilfield
Australia >> 7/28/2016 - Mitra Energy Inc. (MTE) is pleased to announce that Mitra Energy (Australia) Pty Ltd (“Mitra Australia”), a wholly owned subsidiary of Mitra, as buyer, and Mitra, as guarantor, have signed a definitiv...
Brazil to Sell Oil Rights near Areas Petrobras Seeks to Sell
Brazil >> 7/28/2016 - Brazil plans to sell rights to new oil exploration and production areas at an auction in 2017 adjacent to existing blocks where state-led Petroleo Brasileiro SA seeks to sell all or part of its stake,...
Cooper Energy Provides Update on Sale of Indonesian Assets
Indonesia >> 7/28/2016 - Cooper Energy has advised that completion of the sale of its 55% interest in the TangaiSukananti KSO, South Sumatra Basin, Indonesia is now expected to occur after 29 July 2016. ...
Venari Resources Increased Ownership in Deepwater Shenandoah Field
United States >> 7/27/2016 - Venari Resources LLC (Venari) has acquired an additional seven percent working interest in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company also reported successful results from ...
Call for Bids of Trion Block will Strengthen Pemex
Mexico >> 7/27/2016 - Pursuant to the authorization on June 10, 2016, by the Board of Directors of Petroleos Mexicanos to request the Ministry of Energy (SENER) the first migration with a partner for deepwater exploration ...

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