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Acquisitions and Divestitures News

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...
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 ...
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. ...
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. ...
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...
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...
Eni Reaches Deal with Exxon on Mozambique Gas Project
Mozambique >> 8/5/2016 - Italian oil firm Eni has wrapped up long-running talks to sell a multi-billion dollar stake in its planned Mozambique liquefied natural gas (LNG) development to Exxon Mobil, two sources with knowledge...
Atlas Copco Completes Acquisition of South Korean Exhaust Management Company
Sweden >> 8/5/2016 - Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of CSK Inc., a leading supplier of exhaust management systems in the South Korean semiconductor, di...
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 ...
Fugro Divests Asia Pacific Subsea Services Business
Australia >> 8/4/2016 - Fugro NV (Fugro) and Shelf Subsea Holdings UK Ltd (Shelf Subsea) announce today that they have signed an agreement under which Shelf Subsea will acquire the Fugro subsea services business in Asia Paci...
SKP Executes Agreement to Acquire East Siberia Oil & Gas Asset
Russia >> 8/2/2016 - Skyland Petroleum has executed a binding share purchase agreement with a private Russian company for the purchase of a producing oil and gas asset located in Eastern Siberia. ...

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