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Acquisitions and Divestitures News

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. ...
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 ...
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...
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...
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...
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...
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...
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...
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. ...
PA Resources to Sell Entire Licence Interests to ETAP
Tunisia >> 5/9/2016 - PA Resources AB through its wholly owned subsidiaries, PA Resources Tunisia Limited, Hydrocarbures Tunisie Didon Limited, Hydrocarbures Didon Jersey Limited and Hydrocarbures Tunisie Corporation, have...
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. ...
Entek Energy Exits Gulf of Mexico
United States >> 5/9/2016 - Entek Energy Limited has entered into an agreement with Peregrine Oil & Gas, LP to sell the Company’s entire Gulf of Mexico portfolio. These interests comprise Entek’s respective 38% and 25% interests...
Sterling Completed Withdrawal from Ambilobe Block
Madagascar >> 5/9/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that, following its previous announcement of 28 April 2016, its wholly owned subsidiary, Sterling Energy (UK) Limited has...
ICOFC Privatizes $11bn Production & Development Projects
Iran >> 5/8/2016 - According to ICOFC Public Relations Managing Director of Iranian Central Oil Fields Company (ICOFC) Salbali Karimi says the company has privatized 11 billion dollar worth of production and development...
Newfield to Acquire Additional Acres in Anadarko Basin for $470m
United States >> 5/5/2016 - Newfield Exploration Company signed a definitive purchase and sale agreement with a subsidiary of Chesapeake Energy Corporation to acquire approximately 42,000 net acres in the Anadarko Basin STACK pl...
AWE Sells Lengo for up to A$27.5 million
Indonesia >> 5/5/2016 - AWE has entered into an agreement to sell its 42.5% interest in the Bulu PSC to a 100% owned subsidiary of HyOil for cash consideration of up to A$27.5 million, subject to Indonesian government approv...
Primeline Enters Second Phase Of 33/07 Exploration
China >> 5/5/2016 - Primeline Energy Holdings Inc. (PEH) has agreed with China National Offshore Oil Corp. (“CNOOC”) that it will enter the next and second phase of exploration commitment under the Petroleum Contract for...
Approval of 4 Year Extension to Mahakam Hilir PSC Permit Term
Indonesia >> 5/4/2016 - Cue Energy Resources Ltd (CUE) is pleased to advise that it has been notified by SKK Migas of the approval of its request for a four year extension to the exploration period of the Mahakam Hilir PSC u...

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