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Acquisitions and Divestitures News

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...
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...
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. ...
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...
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...
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 ...
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 ...
Baron Oil Receives Presidential Approval for Farmout of Block Z-34 to Union
Peru >> 7/26/2016 - The Board of Baron is pleased to announce that the outgoing President of the Republic of Peru has signed the Supreme Decree with respect to the assignment of a 30% interest in Block Z-34 from Baron's ...
UKOG Acquires Further Interest in Horse Hill-1 Oil Discovery & Licences
United Kingdom >> 7/22/2016 - UK Oil & Gas Investments PLC has acquired the entire 3.9% interest of Flowermay Limited ("Flowermay") in onshore Weald Basin licences PEDL137 and PEDL246 ("the Licences"). The Company now holds a 31.2...
Contango Enters into Agreement to Purchase Southern Delaware Basin Acreage
United States >> 7/21/2016 - Contango Oil & Gas Company has entered into an agreement with a private oil and gas company to purchase one-half of seller's interests in approximately 12,100 gross undeveloped acres (~5,000 net acres...
BHP Billiton Extends PSC for The Rhourde Ouled Djemma Unit
Algeria >> 7/21/2016 - BHP Billiton, Eni and Sonatrach signed an agreement to extend the production sharing contract (PSC) for the Rhourde Ouled Djemma (ROD) and satellite fields in Blocks 401a/402a for an additional 10 yea...
Petronas Awards Exploration Block SK410B Offshore Malaysia
Malaysia >> 7/21/2016 - PETRONAS has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited (PTTEP), KUFPEC Malaysia (SK-410B) Limited (KUFPEC), and PETRONAS Carigali Sdn Bhd for the exploration Block SK410...
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms Egypt >> 7/20/2016 - Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official told Reuters. ...
Mexico Approves Auction Terms for 15 Offshore Oil Areas
Mexico >> 7/19/2016 - Mexico's oil regulator approved contracts and auction terms for 15 shallow water areas in the southern Gulf of Mexico, to be bid out early next year as part of a series of tenders following a sweeping...
EnQuest in Talks to Farm out Interest in Kraken Field Development to Delek
United Kingdom >> 7/18/2016 - EnQuest PLC is pleased to announce that it is holding discussions with Delek Group Ltd for the sale by EnQuest to one of Delek’s subsidiaries of an interest in the Kraken development. EnQuest confirms...
Europa Provides Technical Update on Licensing Option 16/19
Ireland >> 7/18/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to provide detailed technical information on the recently awar...
DONG Energy Divests Five Norwegian Fields to Faroe Petroleum
Norway >> 7/14/2016 - DONG E&P Norge AS (DONG Energy) divests its ownership shares in five producing Norwegian oil and gas fields to Faroe Petroleum Norge AS (Faroe). The fields are Trym, Oselvar, Tambar (including Tambar ...
Kenya Pipeline Co. Mulls Storage-Leasing Plan for Idled Refinery
Kenya >> 7/14/2016 - State-owned Kenya Pipeline Co. said it’s considering leasing out storage tanks at the country’s only oil refinery, and isn’t currently looking at restarting fuel-processing at the idled plant that was...
Woodside Agrees to Acquire ConocoPhillips' Interests in Senegal
Senegal >> 7/14/2016 - Woodside has entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal for the purchase price of US$350 million, based on an e...

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