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Acquisitions and Divestitures News

Noble Energy Sells 3% Interest in Tamar Field for $369 Million
Israel >> 7/5/2016 - Noble Energy, Inc. signed a definitive agreement to divest a 3 percent working interest in the Tamar field, offshore Israel, to the Harel Group ("Harel"), a leading insurance provider and pension mana...
Chevron Approves Next Major Tengiz Expansion Project
Chevron Approves Next Major Tengiz Expansion Project Kazakhstan >> 7/5/2016 - Chevron Corporation (CVX) announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP...
Assignment of Offshore Australia Permit
Australia >> 7/4/2016 - MEO Australia Ltd. has reached an agreement to assign its 50 percent interest in the WA-454-P exploration permit in the Bonaparte Gulf, offshore northern Australia to Origin Energy Resources Ltd. foll...
Petrobras Puts Nine Shallow Water Concessions up for Sale
Brazil >> 7/4/2016 - Petrobras has started the process of transfer of rights of oil and natural gas exploration, development and production in shallow water fields in the states of Ceara and Sergipe. ...
Russia's Russneft Plans to Raise $500 Million in November IPO
Russia >> 7/3/2016 - Russian oil company Russneft plans to hold an IPO on the Moscow Exchange in November, aiming to raise $500 million for 10 percent of its shares, a source close to the deal told Reuters. ...
Boskalis Closes Acquisition of VolkerWessels Offshore Wind Energy Activities
Netherlands/Holland >> 7/1/2016 - Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of offshore-related activities from VolkerWessels. The transaction strengthens Boskalis' position in the attractive, growing of...
Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst
Singapore >> 7/1/2016 - Singapore-based Ezra Holdings Ltd. reported Friday that the firm and EMAS Offshore Production Service (Vietnam) Pte Ltd. (EOPS), a unit of its subsidiary Emas Offshore Ltd., announced Friday that they...
Enagas Agrees to Increase its Shareholding in Quintero LNG Plant to 60.4%
Chile >> 6/30/2016 - Enagas, via its subsidiary Enagas Transporte, has reached an agreement to acquire the total shareholding (42.5% via its 85% shareholding in Infraestructura de Gas, S.A.) of Union Fenosa Gas in the Sag...
NOVATEK Obtains New License Areas on the Gydan Peninsula
Russia >> 6/30/2016 - OAO NOVATEK (NOVATEK and/or the Company) announced that its subsidiary OOO NOVATEK-Yurkharovneftegas obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and ...
Statoil Completes Transaction with Lundin
Norway >> 6/30/2016 - Statoil ASA and Lundin Petroleum have completed their previously announced transaction, whereby Statoil has sold its entire 15 percent interest in the Edvard Grieg field for an increased shareholding ...
Pacific E&P Announces Reversion of the Rubiales Field to Ecopetrol
Colombia >> 6/30/2016 - Pacific Exploration & Production Corporation (Pacific) announced the reversion of the Rubiales Field to Ecopetrol, S.A. (Ecopetrol). ...
Harvest Enters into Agreement to Sell Interests in Venezuela
Venezuela >> 6/30/2016 - Harvest Natural Resources, Inc. (Harvest or the Company) and its wholly-owned subsidiary, HNR Energia B.V. (HNR Energia), have entered into a Share Purchase Agreement with CT Energy Holding SRL, a pri...
Rawson Resources Acquires 100% Interest in PPL 391 from Moira
Papua-New Guinea >> 6/30/2016 - Rawson Resources Limited, via its fully owned subsidiary Dondonald Limited (Dondonald), has entered into a Share Purchase Agreement (SPA) for Moira Limited (Moira). Moira currently maintain a 100% wor...
Papua New Guinea Petroleum Prospecting Licence 549 Award Confirmed
Papua-New Guinea >> 6/29/2016 - Rawson Resources Limited is very pleased to announce confirmation of the award of Papua New Guinea Petroleum Prospecting Licence (PPL) 549. The Minister for Petroleum and Energy has signed and issued ...
Energean Reaches Agreement with Montenegro upon 2 Offshore Blocks
Greece >> 6/29/2016 - Energean Oil & Gas has reached an agreement with the Ministry of Economy of Montenegro upon Hydrocarbons Exploration and Production for offshore blocks 4219-26 and 4218-30. ...
Statoil Completes Transaction in UK Licence for Utgard Field
United Kingdom >> 6/28/2016 - Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. ...
Total Obtains a 30% Interest in Al-Shaheen Field Concession for 25 Years
Qatar >> 6/27/2016 - Total has signed an agreement with Qatar Petroleum, granting the Group a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years beginning July 14, 2017. ...
Indonesia's Pertamina To Sign First Upstream Deal With Iran
Iran >> 6/27/2016 - Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry said. Iran's oil and gas infra...
Israel's Harel in Talks with Noble to Buy Stake in Tamar Field
Israel >> 6/26/2016 - Israel's Harel Insurance Investments and Financial Services said it is in talks to buy up to 4 percent in the Tamar natural gas field from Texas-based Noble Energy. ...
Hague and London Oil Acquires Premier's Western Sahara Licences
Western Sahara >> 6/24/2016 - Hague and London Oil PLC, the hydrocarbon exploration company, announces the acquisition, via its wholly-owned subsidiary Maghreb Exploration Limited (Maghreb), of Premier Oil (SADR) Limited (Premier ...

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