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Acquisitions and Divestitures News

NYK to Acquire Share of EMAS Chiyoda Subsea
Japan >> 6/13/2016 - NYK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation (Chiyoda) to acquire a 25 percent share of EMAS Chiyoda Subsea Limited (ECS). After NYK’s participation, the shar...
Magellan Sells Its Weald Basin Acreage and Settles Litigation
United Kingdom >> 6/13/2016 - Magellan Petroleum Corporation announced the sale of the Company's 50% interests in Petroleum Exploration and Development License ("PEDL") 234 in the Weald basin in the UK to UK Oil and Gas Investment...
Union Jack Oil Acquires Interest in PEDL182 from Egdon
United Kingdom >> 6/13/2016 - Union Jack Oil plc (Union Jack), an onshore oil and gas exploration and production company with a focus on exploration, production, development and investment opportunities in the United Kingdom hydro...
UK Oil & Gas Investments Acquires 100% Interest in PEDL234
United Kingdom >> 6/13/2016 - UK Oil & Gas Investments PLC has signed agreements with Celtique Energie and Magellan Petroleum to acquire 100% ownership of the 300 sq km (116 sq miles) Weald Basin licence PEDL234 (the "Licence"). T...
Europa Announces Transfer of Interest of FEL 2/13 and 3/13
Ireland >> 6/13/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce that consent has beenreceived from the Irish Minis...
EnerGulf Acquires Interests in Six Gulf of Mexico Prospects
United States >> 6/9/2016 - EnerGulf Resources Inc. (EnerGulf) is pleased to announce a signed Letter of Intent to acquire certain interests in offshore Gulf of Mexico oil and gas prospects, as well as provide a Company update. ...
Pemex to Seek Oil Firm Tie-up in Trion Field
Mexico >> 6/9/2016 - Mexican state oil firm Pemex will present to its board its first possible deep-water tie-up with oil firms in the Trion field, according to people familiar with the matter, another major step in the o...
Primeline Files Notice of Arbitration Against CNOOC
China >> 6/9/2016 - Primeline Energy Holdings Inc. (“Primeline” or the “Company” references to which include its subsidiaries) (TSXV: PEH) today announces that it has sent a Notice of Arbitration to China National Offsho...
SPD Updated the West Salym Oilfield Licence
Russia >> 6/8/2016 - Salym Petroleum Development (SPD) updated the terms of the license agreement for the West Salym oilfield. Pursuant to addendum to the document, SPD extended validity of the license until 31 December 2...
AzEire Petroleum Awarded Atlantic Margin Licences
Ireland >> 6/8/2016 - AzEire Petroleum Ltd, the Seacrest Capital Group-backed E&P company focused on oil & gas exploration opportunities offshore Ireland, is pleased to announce that it has been awarded two licence opt...
Cooper Energy announces Sale of Indonesian Production Assets
Indonesia >> 6/7/2016 - Cooper Energy (COE) announces it has signed an agreement with ACL International Ltd. (ACL), a Canadian oil and gas company (through its wholly owned subsidiary Bow Energy International Holdings Inc.) ...
Sale of LNG Terminals and Thermoelectric Power Plants
Sale of LNG Terminals and Thermoelectric Power Plants Brazil >> 6/7/2016 - Petrobras began a bidding process to sell its liquefied natural gas (LNG) terminals in Rio de Janeiro and Ceara, along with the thermoelectric power plants associated with these terminals. The daily r...
Devon to Monetize nearly $1 Billion of Upstream Assets
United States >> 6/6/2016 - Devon Energy Corp. has entered into definitive agreements with undisclosed parties to monetize nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty...
TAG Oil Acquires Kea Petroleum's Interest in Permit PEP 51153
New Zealand >> 6/6/2016 - TAG Oil Ltd. has acquired a 70% working interest and operatorship of the PEP 51153 (Puka) onshore permit in the Taranaki Basin of New Zealand. TAG’s joint venture partner in the Puka permit is MEO Aus...
Engie Brazil Unit Seeks to Sell Bahia & Maranhao Gas Blocks
Brazil >> 6/6/2016 - The Brazilian unit of French utility company Engie SA is looking to sell its natural gas blocks in Brazil's Bahia and Maranhao states as part of a global strategy to focus on renewable energy resource...
Russneft Plans Moscow Share Sale
Russia >> 6/6/2016 - Russian mid-sized oil producer Russneft, majority owned by businessman Mikhail Gutseriyev, plans to sell new shares on the Moscow stock exchange in the fourth quarter, a company spokesman said. ...
Statoil Secures Additional Equity in UK Licence for Utgard Field
United Kingdom >> 6/3/2016 - On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. On conclusion of this transaction Statoil will increase its holding...
Staatsolie received second offer under open door invitation
Suriname >> 6/3/2016 - Staatsolie received a second proposal from a O&GC for an area/ block offshore Suriname they are interested in exploring.
Petrel Resources Awarded Two Offshore Ireland Licences
Ireland >> 6/3/2016 - Petrel Resources plc, the AIM listed oil and gas exploration company, has been awarded two new Licensing Options (the 'LOs') in the Porcupine Basin, offshore Ireland, as part of phase 2 of the 2015 At...
Sale of Indonesian Exploration Assets Completed
Indonesia >> 6/1/2016 - Cooper Energy (COE) announces completion of the sale of its Indonesian exploration assets to Mandala Energy Investment Pte Ltd (Mandala), as announced to the ASX 10 February, 2016. ...

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