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Acquisitions and Divestitures News

Armour Energy Agrees Terms with Cornerstone Investor to Fund Development of Kincora Field Assets
Australia >> 11/21/2016 - Capital raising program of up to $40 million to fund the start-up of gas production from the Kincora project, the on-going development of the Kincora field assets, to refinance existing debt facilit...
Sunoco Logistics to Buy Energy Transfer Partners
United States >> 11/21/2016 - Pipeline companies Sunoco Logistics Partners LP and Energy Transfer Partners (ETP), both of which are controlled by general partner Energy Transfer Equity LP, said on Monday they would combine in a co...
Peru Considers Rescinding Odebrecht's Pipeline Contract
Peru >> 11/19/2016 - Peru is considering rescinding Odebrecht SA's $5 billion natural gas pipeline contract after the Brazilian company's attempt to sell its majority stake in the project got snagged on corruption concern...
Sale of Polish Assets
Poland >> 11/18/2016 - San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, announces that on 17 November 2016 it signed and completed sales agreements for its inter...
CCI Acquires Certain East Texas Assets from Anadarko Petroleum Corporation for Over $1 Billion
United States >> 11/18/2016 - Castleton Commodities International LLC (CCI) has acquired the Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 billion.

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Castleton Acquires $1B Assets from Anadarko Petroleum
United States >> 11/18/2016 - Castleton Commodities International LLC (CCI) announced that it has acquired the Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 bi...
Award of P2308 License
Australia >> 11/18/2016 - Hurricane is pleased to announce that it has been awarded the P2308 license ("Halifax") by the Oil and Gas Authority in an out of round application. The license is contiguous to, and extends north eas...
Hurricane Wins 'Out of Round' Licence Adjacent to its Lancaster Licence
United Kingdom >> 11/18/2016 - Hurricane has been awarded the P2308 licence (Halifax) by the Oil and Gas Authority in an out of round application. The licence is contiguous to, and extends north east from, Hurricane's existing Lanc...
Bridge Petroleum Fails to Complete Acquisition of Orlando Field Asset
United Kingdom >> 11/17/2016 - Bridge Petroleum has advised Atlantic Petroleum that they are unable to complete the transaction under the SPA for 25% of the Orlando asset announced on the 6th June 2016. This means that Atlantic Pet...
Santos Farms-In to PNG Exploration License
Papua-New Guinea >> 11/17/2016 - Santos had signed an agreement to farm-in for a 20% interest in Petroleum Prospecting License (PPL) 402 in Papua New Guinea. The interest will be acquired from both Oil Search and ExxonMobil.
ARC Resources Ltd. Announces Sale of Saskatchewan Assets
Canada >> 11/17/2016 - ARC Resources Ltd. ("ARC") has reached an agreement to sell all of its Saskatchewan assets and operations, which produce approximately 7,500 barrels of oil equivalent ("boe"), to Spartan Energy Corp. ...
New Zealand Oil & Gas to Sell Interest in Kupe Field
New Zealand >> 11/16/2016 - New Zealand Oil & Gas interest in Kupe field New Zealand Oil & Gas has reached agreement to sell its 15 per cent interest in the Kupe gas and oil fields and production station to Genesis Energy for NZ...
Egdon Resources Acquires Additional Interest in PEDL201
United Kingdom >> 11/16/2016 - Egdon Resources plc is pleased to announce the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area. Egdon will acquire a 12.5% interest in PEDL201 in the Widmerpo...
Lukoil CEO Sees No Risk for Bashneft Sale from Ulyukayev's Case
Russia >> 11/15/2016 - Vagit Alekperov, Chief Executive Officer of Russia's No.2 oilproducer Lukoil, which was bidding for rival Bashneft, said he saw no risks for Bashneft privatisation due to detention of Economy Minister...
Woodside Completes Acquisition of Half of BHP's Scarborough Assets
Australia >> 11/15/2016 - In September 2016, Woodside entered into binding Sale and Purchase Agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The ...
Russian Economy Minister Ulyukayev Detained in Bribery Case
Russia >> 11/15/2016 - Russian investigators said they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault li...
Rosneft Submitted a Mandatory Offer for the Acquisition of Bashneft Ordinary Shares
Russia >> 11/15/2016 - In accordance with the Russian legislation Rosneft on November, 15 2016 submitted to Bashneft the mandatory offer for the acquisition of 55 466 137 Bashneft ordinary shares, comprising 37,52% of the t...
Petsec Acquires KUFPEC's Interest in Block 7, Yemen
Yemen >> 11/15/2016 - Petsec Energy has executed an agreement with KUFPEC to acquire their 25% working interest in Block 7, Al Barqa Permit, in the Republic of Yemen. ...
Strata-X to Farm-in to 273,000 Acre Botswana CSG Project
Botswana >> 11/14/2016 - ASX disclosure note - 5.28.2 - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These...
Japan Passes Law to Allow JOGMEC to Invest in Foreign Oil & Gas Firms
Japan >> 11/12/2016 - Japan's parliament passed a bill to allow state-run Japan Oil, Gas and Metals National Corp (JOGMEC) to participant in purchases of foreign oil and gas companies by Japanese firms or buy into foreign ...

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