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Acquisitions and Divestitures News

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 ...
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...
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...
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 ...
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...
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...
Russia’s Lukoil to Develop Oil Fields in Iran
Iran >> 8/13/2016 - Russian says its biggest private oil firm Lukoil is considering participating in the development of two oil fields in Iran – a move that would make Russia that first European country to invest in Iran...
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field Egypt >> 8/12/2016 - Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. ...
Termination of Ukraine Asset Sale Agreement
Ukraine >> 8/11/2016 - Hawkley Oil & Gas Limited (Hawkley) advises that the sale of its Ukraine assets to Tomeas Assets Ltd (“Tomeas”) has been terminated after Tomeas failed to meet the revised payment obligations as agr...
Mega Projects to Be Signed with Foreign Companies by March 2017
Iran >> 8/11/2016 - Deputy Minister of Petroleum for Trade and International Affairs Amir-Hossein Zamaninia says negotiations have been held with foreign companies to sign mega oil and gas projects by March 20, 2017. ...
Parkmead Doubles its Stake in 2 UK Oil Fields
United Kingdom >> 8/10/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea. The Pol...
Mega Project to Be Signed by Next 4-5 Months
Iran >> 8/10/2016 - Deputy Minister of Petroleum for Trade and International Affairs Amir-Hossein Zamaninia said that by the next four to five months mega projects will be signed with foreign companies. Zamaninia made th...
Mitra to Acquire 30% Working Interest in Blocks 05-1B & 05-1C
Vietnam >> 8/9/2016 - Vancouver, 9th August 2016: Mitra Energy Inc. (MTE) is pleased to announce that Mitra Energy (Vietnam 05-1) Pte Ltd (“Mitra 05-1”), a wholly-owned subsidiary of Mitra, as buyer, and Mitra, as guarant...
OMV Divests 30% Stake in Rosebank
United Kingdom >> 8/9/2016 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell a 30 percent interest in the UK offshore oil and gas project Rosebank to Suncor Energy (“Suncor” ). Suncor, ba...
Three Year Extension Awarded for Licence PL001
Falkland Islands >> 8/5/2016 - Argos Resources Limited, the Falkland Islands based company which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, has been advised that a three-year extension to ...

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