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Acquisitions and Divestitures News

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...
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...
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....
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...
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...
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 ...
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...
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 ...
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...
Gazprom Neft Acquires 2 New Licences in the Yamalo-Nenets Autonomous Okrug
Russia >> 9/7/2016 - Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fiel...
INEOS Secures £220m Reserve-Based Lending Facility
United Kingdom >> 9/7/2016 - INEOS UK E&P Holdings Limited confirms that it has entered into its first reserve-based lending facility (RBL Facility). The RBL facility is a senior secured five-year £220 million facility and has be...
Saudi's SABIC Sells Polymershapes Unit to U.S. Firm
Saudi Arabia >> 9/7/2016 - Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its Polymershapes unit to U.S. investment firm Blackfriars Corp, SABIC said without giving a value for the deal. ...
Clontarf Energy Updates Negotiations for Tano Basin Acreage
Ghana >> 9/7/2016 - The directors of Clontarf wish to advise shareholders that, further to our announcement of 22nd June 2016, Clontarf and its partners have now met for discussions with Ghanaian officials. Negotiations ...
Aminex Maintains Interest in Kiliwani North Development Licence
Tanzania >> 9/7/2016 - Aminex, the oil and gas producing company with assets in East Africa, announces that it will maintain its 54.575% interest in the Kiliwani North Development Licence (KNDL) in Tanzania, which the Compa...
CNPC Selling $11B in Financial Assets to Listed Unit in Reform Push
China >> 9/6/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure...
Statoil Increases Share in Wisting Discovery in Deal with Tullow
Norway >> 9/6/2016 - Statoil and Tullow Norge AS have agreed on a transaction whereby Statoil will increase its equity in four licences on the Norwegian continental shelf (NCS). The transaction includes the Wisting discov...
UKOG Completes Acquisition of Further Interest in Weald Basin Licences
United Kingdom >> 9/6/2016 - Further to the RNS dated 22 July 2016 regarding the agreement to acquire the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences PEDL137 and PEDL246 (the Licences),...
Callon Petroleum Acquires Howard County Acreage for $327m
United States >> 9/6/2016 - Callon Petroleum Company (Callon) has entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties for total consideration of $327 million in cash. T...
Saudi Aramco-Motiva in Lead to Buy Lyondell's Houston Refinery
Saudi Arabia >> 9/6/2016 - Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. ...

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