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Acquisitions and Divestitures News

Aker BP Acquires Norwegian Offshore Licences from Tullow Norge
Norway >> 10/3/2016 - Aker BP ASA announces the acquisition of licenses from Tullow Norge AS. The transaction comprises working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discov...
Petronas Weighs Sale to Exit $27B Canada LNG Project
Malaysia >> 9/30/2016 - Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this w...
Apex Clean Energy Acquires Wind Energy Asset from Novus Windpower
United States >> 9/30/2016 - Apex Clean Energy has acquired the Novus IV wind energy project from Novus Windpower, LLC, headquartered in Guymon, Oklahoma. The project, which is located in Hansford County and Sherman County, Texas...
NYK Completes Acquisition of 25% Stake in EMAS CHIYODA Subsea
Singapore >> 9/29/2016 - Singapore-listed Ezra Holdings Ltd. reported that Japan's Nippon Yusen Kabushiki Kaisha (NYK) has completed the transaction to acquire a 25 percent interest in EMAS CHIYODA Subsea (ECS) from the compa...
Pemex to Cut Stake in 1st Deep-Water Venture
Mexico >> 9/28/2016 - Mexican state oil firm Pemex will cut its stake in its first deep-water joint venture with private operators, the national oil regulator said, agreeing to modify the terms of the planned tie-up to all...
Karoon Acquires Pacific’s Interest in the Santos Basin Blocks
Brazil >> 9/28/2016 - Karoon Gas Australia Ltd has entered into a binding Sale and Purchase Agreement for Pacific Exploration and Production Corp.’s 35% equity interest in the jointly held Santos Basin exploration blocks S...
Nigeria Looks to Raise Cash by Selling Oil Assets
Nigeria >> 9/28/2016 - Facing the likelihood of its first full-year economic contraction in 25 years, Nigeria is contemplating a rare sale of stakes in the oil and gas industry, the country’s biggest foreign-exchange earner...
ExxonMobil to be Considering Sale of $1b in Norway Assets
Norway >> 9/23/2016 - Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said. Exxon, th...
Sound Energy Renegotiated Terms for Sidi Moktar acquisition
Morocco >> 9/23/2016 - Sound Energy, the Mediterranean and African focused upstream company, reported in March 2016 that it had entered into a binding agreement with PetroMaroc Corporation Plc ("PetroMaroc") for the acquisi...
Hyperdynamics Receives Presidential Decree
Equatorial Guinea >> 9/22/2016 - Hyperdynamics Corporation has received notice of a Presidential Decree signed by the President of the Republic of Guinea, Alpha Conde, implementing the Second Amendment to its Production Sharing Contr...
Cue Energy announces Sampang Field Life Extension in Offshore Indonesia
Indonesia >> 9/22/2016 - Cue Energy Resources has advised that as part of its strategy of delivering disciplined growth through attractive opportunities in Indonesia, and subject to final government approvals, the Sampang Joi...
Snam-Allianz Consortium Wins Bid for 49% of Gas Connect Austria
Austria >> 9/22/2016 - Italian gas grid company Snam said its bid with Allianz to buy a 49 percent stake in pipeline company Gas Connect Austria had been successful, confirming what sources previously told Reuters. ...
InterOil Shareholders Approve ExxonMobil Transaction
Singapore >> 9/21/2016 - InterOil Corporation announced that at a Special Meeting held, its shareholders overwhelmingly voted to approve the transaction with Exxon Mobil Corporation. Of the votes cast at the Special Meeting, ...
Alvopetro Announces Block 107 Farmout
Brazil >> 9/21/2016 - Alvopetro Energy Ltd. is pleased to announce that we have entered into a Farm-out Agreement with an independent third party (Farmee) whereby the Farmee will acquire a 95% participating interest in Blo...
Carnarvon Wins Large New North West Shelf Permit - WA-524-P
Australia >> 9/20/2016 - Carnarvon Petroleum Limited (Carnarvon) has been awarded the WA-524-P permit which is situated on the flanks of the Dampier Sub-Basin, a part of the highly prospective Greater Carnarvon Basin, on West...
Tubarao Azul Field Area Relinquishment
Brazil >> 9/20/2016 - Oleo e Gas Participacoes S.A. - Em Recuperacao Judicial (OGPar) e OGX Petroleo e Gas S.A. - Em Recuperacao Judicial (OGX), in accordance with article 157, paragraph 4 of Brazilian Law No. 6.404/76 and...
KBR Acquires Honeywell Technology Solutions
United States >> 9/19/2016 - KBR, Inc. has completed the acquisition of Honeywell Technology Solutions, Inc. (HTSI). The acquisition of HTSI continues KBR's strategy of expanding its global Government Services offerings into high...
JPRL Provides an Operations Update in Kazakhstan
Kazakhstan >> 9/19/2016 - Jupiter Energy Limited (JPRL) is pleased to provide shareholders with the following Operations Update. ...
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...

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