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Acquisitions and Divestitures News

Clontarf Provides Update on Negotiations for Tano Basin Acreage
Ghana >> 9/19/2016 - The directors of Clontarf are pleased to advise shareholders that, further to our announcement of 7th September 2016, Clontarf and its partners have been offered revised Tano Basin acreage coordinates...
MedcoEnergi & ConocoPhillips Sign Share SPA for South Natuna Sea Block B
Indonesia >> 9/19/2016 - PT Medco Energi Internasional Tbk (“MedcoEnergi" or the “Company”) has signed a share Sale and Purchase Agreement (“SPA”) to acquire ConocoPhillips Indonesia Inc. Ltd. (“CIIL”) and ConocoPhillips Sing...
Statoil Completes Sale of Non-core US Onshore Assets
Norway >> 9/16/2016 - Statoil and Antero Resources Corporation (“Antero”) completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the US state of West Virginia to An...
Tethys Petroleum Announces Corporate Update
Kazakhstan >> 9/16/2016 - Tethys Petroleum Limited announces a corporate update. ...
Total Said to Consider Sale of Stake in Norway Oil and Gas Field
Norway >> 9/15/2016 - Total SA is considering selling down its 51 percent stake in an offshore oil and gas field in Norway’s North Sea, people familiar with the matter said, as the French oil giant disposes of assets to of...
Shell Signs Agreement to Sell Denmark Refining Business
Denmark >> 9/15/2016 - Shell has reached an agreement with Dansk Olieselskab ApS for the sale of A/S Dansk Shell in Denmark, which consists of the 70 thousand barrels per day Fredericia refinery and local trading and supply...
Three Firms Vie for BP's China Petrochemicals Plant
China >> 9/15/2016 - At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. ...
Parkmead Increases Its Stake in Major UK Oil Project
United Kingdom >> 9/14/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea. The Pe...
Rosneft & ONGC Signed an Agreement of Sale and Purchase of 11% in Vankorneft
Russia >> 9/14/2016 - Rosneft and Indian ONGC Videsh Limited have signed the agreement of sale and purchase of 11% in Vankorneft and shareholders agreement in regard of the enterprise management. The documents were signed ...
RockRose Energy Acquires Maersk Oil Assets
United Kingdom >> 9/14/2016 - RockRose Energy plc has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) an...
China CEFC Acquires Stake in Chad Oil Blocks from CPC
Chad >> 9/13/2016 - Privately run CEFC China Energy has agreed to acquire a 35 percent stake in oil blocks in Chad from Taiwan's state-owned Chinese Petroleum Corp for about $110 million, according to CEFC company execut...
Araca Energy Acquires Second Russian Company
Russia >> 9/12/2016 - Norwegian company Araca Energy has acquired Russian oil company Geopromneft, the second Russian oil company the company has acquired, following the acquisition last week of Petrarko. ...
Qatar Considers Joining Exxon's Mozambique Gas Move
Mozambique >> 9/12/2016 - Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said....
Oil Search Acquires Exploration Acreage in Offshore Papuan Gulf
Papua-New Guinea >> 9/12/2016 - Oil Search announces that its subsidiary, Oil Search (PNG) Limited, has entered into agreements with Gini Energy Limited, ultimately owned by CNOOC Limited, to acquire a 40% interest in each of PPL 3...
Lukoil, Gazprom & Kazmunaygaz Joint Venture is Granted Tsentralnaya Subsoil License
Russia >> 9/9/2016 - LLC Neftegazovaya Kompaniya Tsentralnaya (Central Oil and Gas Company), a joint venture of PJSC LUKOIL, PJSC Gazprom and JSC NC KazMunayGaz (25% stake owned by LUKOIL), was granted the subsoil use lic...
Canadian Company Announces Successful Acquisition of Refinery in Ireland
Ireland >> 9/9/2016 - Irving Oil announced the successful close of its purchase and sale agreement with Houston-based energy, manufacturing and logistics company, Phillips 66 (NYSE: PSX), to acquire the Whitegate refinery ...
Bankers Petroleum Announces Safe Approval for Proposed Arrangement
China >> 9/9/2016 - Bankers Petroleum Ltd. (Bankers) is pleased to announce that the proposed plan of arrangement (the "Arrangement") with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") has received Chinese St...
CNPC Sells $3.8 Bln of Engineering Assets to Listed Unit
China >> 9/9/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $3.8 billion worth of engineering related assets to a listed arm as part of a push to restructure its non-core...
Condor Petroleum to Start Production at the Shoba Oil Field
Kazakhstan >> 9/8/2016 - Canada's Condor Petroleum has announced that the Shoba Production Contract has been executed with the Government of Kazakhstan, which provides for commercial production at the Company’s 100% owned Sho...
Acquisition of Stake in Maclure Field Successfully Completed
United Kingdom >> 9/8/2016 - Nobel Upstream, the independent UK-based exploration and production company, said its acquisition of a 7.59 per cent non-operated interest in the Maclure oil and gas field from Shell, announced on 10 ...

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