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Acquisitions and Divestitures News

San Leon Provides Nigerian Onshore Production Deal Update
Nigeria >> 5/24/2016 - San Leon Energy plc, the AIM quoted oil and gas exploration and production company focused on Europe and Africa, is pleased to provide the following update on its production deal on the OML 18 block, ...
PTTEP Says Keen to Buy Stake in Myanmar Gas Field from Chevron
Myanmar >> 5/24/2016 - PTT Exploration and Production (PTTEP), Thailand's largest oil and gas explorer, said it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp. ...
DEA Awarded Two Licences in the Barents Sea
Norway >> 5/23/2016 - In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea. ...
Lukoil Signs Amendment Related to a Large Gas Project in Uzbekistan
Uzbekistan >> 5/20/2016 - An Amendment to the Product Sharing Agreement (PSA) for Kandym group of fields, Khauzak, Shady and Kungrad areas has been signed in the city of Tashkent. ...
BP Sells Partial Stake in Castrol India
India >> 5/19/2016 - BP announced that its wholly-owned subsidiary, Castrol Limited, has been successful in selling part of the shareholding it holds in Castrol India. Castrol Limited today sold approximately 11.5% from t...
Shell Said to Start Talks With Buyers for North Sea Asset Sales
Norway >> 5/19/2016 - Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group Plc, according to people familiar with t...
Lundin Petroleum Awarded 5 Licences in 23rd Licensing Round
Norway >> 5/18/2016 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded five exploration licences in the 23rd Norwegian Licensing Round. All the l...
ArPetrol Sells Substantially All of its Argentine Assets to ENAP Sipetrol
Argentina >> 5/18/2016 - ArPetrol Ltd. is pleased to announce the signing of a share and debt purchase agreement with Empresa Nacional Del Petroleo (ENAP) and its subsidiary ENAP Sipetrol Argentina S.A. that provides for the ...
Norway Announces 23rd Licensing Round Awards
Norway >> 5/18/2016 - The Norwegian Ministry of Petroleum and Energy is awarding ten new licenses, consisting of 40 blocks in total. Three of the licenses are located in the newly opened area in the Barents Sea southeast, ...
Statoil Awarded Considerable Position in 23rd Licensing Round
Norway >> 5/18/2016 - The Ministry of Petroleum and Energy has awarded five licences to Statoil in the 23rd licensing round, four as operator and one as partner. ...
Det norske Awarded 3 Licences in Norway's 23rd Licensing Round
Norway >> 5/18/2016 - Det norske oljeselskap ASA has been awarded one operatorship and two partnerships in the 23rd licensing round. ...
Extension of Concession Contracts for the Marlim and Voador Fields
Brazil >> 5/17/2016 - Petrobras hereby announces that signed with the National Petroleum Agency (ANP) the extension of the concession contracts for the Marlim and Voador fields, until 2052. The extension of the fields’ Pro...
Statoil Farms into Turkey Onshore Acreage
Turkey >> 5/16/2016 - Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licence...
BP Doubles its Interest in Culzean Field Development
United Kingdom >> 5/16/2016 - BP has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in t...
Kunlun Energy Seeks to Sell Upstream Assets & Buy Tangshan LNG
China >> 5/15/2016 - Kunlun Energy, a unit of China National Petroleum Corp, plans to sell upstream assets and may buy an LNG terminal from its parent as the company shifts focus to gas distribution, Chairman Huang Weihe ...
The ANP Signed Concession Contracts at Inactive Areas with Marginal Accumulations
Brazil >> 5/13/2016 - The ANP promoted the signing of eight concession contracts for the rehabilitation and production of oil and natural gas in inactive areas with marginal accumulations. The areas were auctioned on Decem...
Cooper Energy Exits Nabeul Permit
Tunisia >> 5/12/2016 - Cooper Energy Limited announces that terms of the exit from the Nabeul Permit, offshore Tunisia, have been agreed with the Tunisian Government authority. The Nabeul joint venture has agreed to pay com...
IFR Jointly Owned Tonalli Energia Awarded Tecolutla Onshore Block
Mexico >> 5/12/2016 - International Frontier Resources Corporation (IFR) is pleased to announce that Tonalli Energia has been notified by the Mexico Comision Nacional de Hidrocarburos (CNH) that it has been awarded the Ons...
Husky Energy Sells Southwest Saskatchewan Assets for $595 Million
Canada >> 5/10/2016 - Husky Energy (TSX) has reached an agreement for the sale of select assets in southwest Saskatchewan for $595 million to Whitecap Resources. ...
Hyundai Heavy Industries to Cut Jobs & Dispose of Non-Core Assets
South Korea >> 5/9/2016 - South Korea's Hyundai Heavy Industries Co Ltd will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders, it said. ...

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