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Acquisitions and Divestitures News

Europa Provides Technical Update on Licensing Option 16/19
Ireland >> 7/18/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to provide detailed technical information on the recently awar...
DONG Energy Divests Five Norwegian Fields to Faroe Petroleum
Norway >> 7/14/2016 - DONG E&P Norge AS (DONG Energy) divests its ownership shares in five producing Norwegian oil and gas fields to Faroe Petroleum Norge AS (Faroe). The fields are Trym, Oselvar, Tambar (including Tambar ...
Kenya Pipeline Co. Mulls Storage-Leasing Plan for Idled Refinery
Kenya >> 7/14/2016 - State-owned Kenya Pipeline Co. said it’s considering leasing out storage tanks at the country’s only oil refinery, and isn’t currently looking at restarting fuel-processing at the idled plant that was...
Woodside Agrees to Acquire ConocoPhillips' Interests in Senegal
Senegal >> 7/14/2016 - Woodside has entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal for the purchase price of US$350 million, based on an e...
Diamondback Acquires Southern Delaware Basin Assets for $560m
United States >> 7/13/2016 - Diamondback Energy, Inc. (Diamondback) has entered into a definitive purchase agreement with an unrelated third party seller to acquire leasehold interests and related assets in the Southern Delaware...
Statoil Completes Divestment of Marcellus Assets in West Virginia
United States >> 7/11/2016 - Statoil and EQT Corporation completed their previously announced transaction, whereby Statoil has sold its non-core operated assets in the US state of West Virginia to EQT Corporation. The transaction...
Rosneft Says May Consider Role in Bashneft Privatisation
Russia >> 7/11/2016 - Russia's largest oil producer Rosneft may consider taking part in the privatisation of smaller rival Bashneft once the government defines the rules of the sale, a Rosneft spokesman told Reuters on Mon...
Faroe Petroleum Awarded New Licence in Irish Atlantic Margin
Ireland >> 7/7/2016 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities, is pleased to announce an award of a new licence under Ir...
Zion Oil & Gas Granted Exploration Licence Extension in Israel
Israel >> 7/7/2016 - Zion Oil & Gas reported that the Israeli Petroleum Commissioner modified Zion's work plan deadlines and awarded the Company a one-year extension on its Megiddo-Jezreel petroleum exploration licence, s...
Brazil 2017 Subsalt Oil Rights Sale to Unlock Stalled Fields
Brazil >> 7/6/2016 - Brazil said it will sell four areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries blocked by nationalist energy policies and state-run Petrobra...
Chevron Approves Next Major Tengiz Expansion Project
Chevron Approves Next Major Tengiz Expansion Project Kazakhstan >> 7/5/2016 - Chevron Corporation (CVX) announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP...
Noble Energy Sells 3% Interest in Tamar Field for $369 Million
Israel >> 7/5/2016 - Noble Energy, Inc. signed a definitive agreement to divest a 3 percent working interest in the Tamar field, offshore Israel, to the Harel Group ("Harel"), a leading insurance provider and pension mana...
Assignment of Offshore Australia Permit
Australia >> 7/4/2016 - MEO Australia Ltd. has reached an agreement to assign its 50 percent interest in the WA-454-P exploration permit in the Bonaparte Gulf, offshore northern Australia to Origin Energy Resources Ltd. foll...
Petrobras Puts Nine Shallow Water Concessions up for Sale
Brazil >> 7/4/2016 - Petrobras has started the process of transfer of rights of oil and natural gas exploration, development and production in shallow water fields in the states of Ceara and Sergipe. ...
Russia's Russneft Plans to Raise $500 Million in November IPO
Russia >> 7/3/2016 - Russian oil company Russneft plans to hold an IPO on the Moscow Exchange in November, aiming to raise $500 million for 10 percent of its shares, a source close to the deal told Reuters. ...
Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst
Singapore >> 7/1/2016 - Singapore-based Ezra Holdings Ltd. reported Friday that the firm and EMAS Offshore Production Service (Vietnam) Pte Ltd. (EOPS), a unit of its subsidiary Emas Offshore Ltd., announced Friday that they...
Boskalis Closes Acquisition of VolkerWessels Offshore Wind Energy Activities
Netherlands/Holland >> 7/1/2016 - Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of offshore-related activities from VolkerWessels. The transaction strengthens Boskalis' position in the attractive, growing of...
Rawson Resources Acquires 100% Interest in PPL 391 from Moira
Papua-New Guinea >> 6/30/2016 - Rawson Resources Limited, via its fully owned subsidiary Dondonald Limited (Dondonald), has entered into a Share Purchase Agreement (SPA) for Moira Limited (Moira). Moira currently maintain a 100% wor...
Harvest Enters into Agreement to Sell Interests in Venezuela
Venezuela >> 6/30/2016 - Harvest Natural Resources, Inc. (Harvest or the Company) and its wholly-owned subsidiary, HNR Energia B.V. (HNR Energia), have entered into a Share Purchase Agreement with CT Energy Holding SRL, a pri...
Statoil Completes Transaction with Lundin
Norway >> 6/30/2016 - Statoil ASA and Lundin Petroleum have completed their previously announced transaction, whereby Statoil has sold its entire 15 percent interest in the Edvard Grieg field for an increased shareholding ...

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