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Acquisitions and Divestitures News

Relinquishment of South Marsh Island Block 6 Lease
United States >> 8/26/2016 - On June 9, 2016, Byron Energy Limited announced it would not re-enter the Byron Energy SM6 #2 (SM6 #2) wellbore due to concerns about the wellbore's mechanical integrity and geologic conditions encoun...
Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
Kazakhstan >> 8/25/2016 - Reach Energy Berhad, Malaysia’s fourth and largest special purpose acquisition company (SPAC), secured Thursday the approval of the Securities Commission Malaysia (SC) for its proposed qualifying acqu...
Shell to Take Over Operatorship of Knarr & Gaupe from BG
Norway >> 8/25/2016 - A/S Norske Shell (Shell) is taking over the operatorship of Knarr and Gaupe from BG Norge AS (BG). As a result, Shell has applied for consent to use these facilities, even though consent for their use...
Joint Statement Pertamina and Pacifico on Maurel and Prom
France >> 8/25/2016 - PT Pertamina (Persero) ("Pertamina") and Pacifico announced that PT Pertamina Internasional Eksplorasi dan Produksi ("PIEP"), a wholly owned subsidiary of Pertamina, purchased all the shares held by P...
Cooper Energy Fails to Complete Sale of its Indonesian Production Assets
Indonesia >> 8/24/2016 - Cooper Energy has advised that the transaction for the sale of its 55% interest in the TangaiSukananti KSO, South Sumatra Basin, Indonesia to ACL International and Lamara Energy announced to the ASX o...
Saudi Aramco Could Reduce Stake in $5.5 bln Indonesia Refinery Project
Indonesia >> 8/24/2016 - Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said. Aramco has asked to cut its share of the project to up...
Mexico Energy Regulator Names Firms Qualified for Deep-Water Tender
Mexico >> 8/24/2016 - Mexico's energy regulator said that 26 companies had qualified to participate in the country's deep-water oil tender in December, the jewel in the crown of a landmark energy sector opening. ...
Proposed Conditional Sale of ConocoPhillips Interest in Senegal
Senegal >> 8/23/2016 - As duly reported in prior public statements by ConocoPhillips and Woodside, ConocoPhillips has confirmed to FAR Ltd that it has a right of pre-emption over the proposed sale of ConocoPhillips interest...
Hyperdynamics Signs MoU for Extension of Guinea Concession
Guinea >> 8/23/2016 - Hyperdynamics Corporation announced that on August 19, 2016, Ray Leonard, Chief Executive Officer, and the General Director of the National Petroleum Office of the Republic of Guinea, Diakaria Kouliba...
Statoil Takes 70% Ownership & Becomes Operator for UK Licence P.2170
United Kingdom >> 8/23/2016 - Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire 70% ownership and operatorship for the P.2170 licence o...
Urals Energy Acquires ANK
Russia >> 8/23/2016 - AIM-listed Urals Energy, the independent exploration and production company with operations in Russia, has agreed to purchase the entire share capital of Arctic Oil Company ('ANK') from ArcticMorNefte...
BP Unit Selling Up to $261 Mln Stake in Castrol India
India >> 8/23/2016 - Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters. ...
Cobalt International Says Angola Oil Block Stake Sale Terminated
Afghanistan >> 8/23/2016 - Cobalt International Energy Inc said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary ...
San Leon Provides Update on Acquisition of Interest in OML 18
Nigeria >> 8/22/2016 - Further to the announcement on 11 August 2016, the Company continues to progress with the acquisition of an indirect interest in OML 18, a producing onshore Oil field located in the Southern Niger Del...
Europa Oil & Gas Seeking Partner for Licensing Option 16/ 22
Ireland >> 8/22/2016 - AIM-listed Europa Oil & Gas has provided technical information on the recently awarded Licensing Option ('LO') 16/22. Europa has a 100% interest in, and is operator of, seven licences in the Atlantic...
Acquisition of Additional Interest in PEDL068
United Kingdom >> 8/22/2016 - Egdon Resources plc (EDR) is pleased to announce that it has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production License PEDL068 from DESS Energy Limited ("...
Valeura Executes Definitive Agreements for Statoil Farm-in on Banarli Licences
Turkey >> 8/19/2016 - Valeura Energy Inc. is pleased to announce that its wholly-owned affiliate, Corporate Resources B.V. ("CRBV") (collectively "Valeura") has executed the definitive transaction documents (the "Definitiv...
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...
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...

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