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Acquisitions and Divestitures News

BP Unit Selling Up to $261 Mln Stake in Castrol India
India >> 8/23/2016 - Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters. ...
Cobalt International Says Angola Oil Block Stake Sale Terminated
Afghanistan >> 8/23/2016 - Cobalt International Energy Inc said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary ...
Proposed Conditional Sale of ConocoPhillips Interest in Senegal
Senegal >> 8/23/2016 - As duly reported in prior public statements by ConocoPhillips and Woodside, ConocoPhillips has confirmed to FAR Ltd that it has a right of pre-emption over the proposed sale of ConocoPhillips interest...
San Leon Provides Update on Acquisition of Interest in OML 18
Nigeria >> 8/22/2016 - Further to the announcement on 11 August 2016, the Company continues to progress with the acquisition of an indirect interest in OML 18, a producing onshore Oil field located in the Southern Niger Del...
Europa Oil & Gas Seeking Partner for Licensing Option 16/ 22
Ireland >> 8/22/2016 - AIM-listed Europa Oil & Gas has provided technical information on the recently awarded Licensing Option ('LO') 16/22. Europa has a 100% interest in, and is operator of, seven licences in the Atlantic...
Acquisition of Additional Interest in PEDL068
United Kingdom >> 8/22/2016 - Egdon Resources plc (EDR) is pleased to announce that it has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production License PEDL068 from DESS Energy Limited ("...
John Laing Completes its First Investment in an Off Shore Wind Farm
Germany >> 8/19/2016 - John Laing Group plc (John Laing), the international originator, active investor and manager of infrastructure projects, has acquired a 30% stake in a 110.7MW offshore wind farm project in the German ...
Valeura Executes Definitive Agreements for Statoil Farm-in on Banarli Licences
Turkey >> 8/19/2016 - Valeura Energy Inc. is pleased to announce that its wholly-owned affiliate, Corporate Resources B.V. ("CRBV") (collectively "Valeura") has executed the definitive transaction documents (the "Definitiv...
Thailand's PTTEP to Sell Oman 44 Project to ARA Petroleum
Thailand's PTTEP to Sell Oman 44 Project to ARA Petroleum Oman >> 8/19/2016 - PTTEP has signed the Sales and Purchase Agreement (SPA) to sell PTTEP Oman Company Limited (PTTEP OM), a subsidiary of PTTEP that holds 100% interest in the Oman 44 Project located in Sultanate of Oma...
Exxon, Chevron, Hess in Joint Bid for Mexican Oil
Mexico >> 8/19/2016 - Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with direct knowledge of the plans. ...
No Plan to Exit Thailand, May Keep Stake In Myanmar Gas Field
Myanmar >> 8/19/2016 - Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major's exit, and may keep a Myanmar gas field stake if no attractive offer is made for the ...
Sembcorp Marine Acquires LMG Marin AS
Norway >> 8/19/2016 - Sembcorp Marine Ltd is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement with its existing share...
Nostra Terra Completes $2.1m Sale of Chisholm Trail Prospect in Oklahoma
United States >> 8/18/2016 - Further to the recent announcements by the Company concerning the sale of its interest in the Chisholm Trail Prospect ("the Sale"), the Board is pleased to announce the US$2.1 million Sale has complet...
Hyperdynamics Announces Settlement of Arbitration with Tullow and Dana
Guinea >> 8/17/2016 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd., ("SCS"), Tullow Guinea Ltd. ("Tullow"), and Dana Petroleum (E&P) Ltd. ("Dana") entered into a Settlement an...
Cypriot Firm Energean to Buy two Israeli Gas Fields
Israel >> 8/17/2016 - The partners in Israeli offshore gas fields Tamar and Leviathan have agreed to sell their rights in two smaller fields to Ocean Energean Oil and Gas Ltd for $148.5 million to comply with a government ...
Russia Orders Surprise Delay in Bashneft Oil Firm Sale
Russia >> 8/16/2016 - Russian Prime Minister Dmitry Medvedev has postponed the privatization of mid-sized oil producer Bashneft, his spokeswoman said, a decision she said was approved by President Vladimir Putin. ...
Faroe Petroleum Provides Update on the Acquisition of an Interest in Ula Field
Norway >> 8/16/2016 - Faroe Petroleum plc (Faroe) Update on acquisition of an interest in the Ula producing field Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and prod...
Siccar Point Energy Acquires Interest in the Greater Mariner Area
United Kingdom >> 8/16/2016 - Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners (“Blackstone”), announced the acquisition of an 8.9% interest in the Greater Mariner Are...
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets Egypt >> 8/16/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, has completed the acquisition of Bea...
Parkmead Doubles Its Stake in the Polecat & Marten Oil Fields
United Kingdom >> 8/14/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea. The Polecat and Marten fields are locate...

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