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Acquisitions and Divestitures News

Callon Petroleum Closes Midland Basin Acquisition
United States >> 10/24/2016 - Callon Petroleum Company (Callon) announced the closing of its previously announced acquisition of certain assets located in the Midland Basin within its WildHorse operating area. On October 20, 2016,...
Agilent Receives Expanded FDA Approval for Use of Dako PD-L1 IHC 22C3 pharmDx Companion Diagnostic
United States >> 10/24/2016 - Agilent Technologies Inc. announced that its Dako PD-L1 IHC 22C3 pharmDx now has an expanded label approved by the U.S. Food and Drug Administration for use in determining PD-L1 expression status to i...
Africa Energy Acquires 90% Interest in Block 2B Offshore
South Africa >> 10/21/2016 - Africa Energy Corp. (Africa Energy) has closed three transactions resulting in the Company acquiring a 90% participating interest and operatorship in Block 2B offshore the Republic of South Africa. ...
Verus Petroleum Acquires Additional Interest in Boa Oil Field
United Kingdom >> 10/20/2016 - Verus Petroleum is pleased to announce the signing of a sale and purchase agreement with Maersk Oil North Sea UK Limited for the acquisition of Maersk Oil’s 9.8% interest in the Boa oil field. This ac...
Shell Divests Non-Core Shale Acreage in Canada for $1 Billion
Shell Divests Non-Core Shale Acreage in Canada for $1 Billion Canada >> 10/20/2016 - Royal Dutch Shell plc, through its affiliate Shell Canada Energy (Shell) has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp....
Cooper Energy Sells Remaining Indonesian Asset to Bass Strait Oil
Indonesia >> 10/19/2016 - Cooper Energy has accepted an offer from Bass Strait Oil Company for the sale of its remaining Indonesian asset, a 55% interest in the Tangai-Sukananti KSO, South Sumatra Basin, Indonesia. A share sa...
Gulfsands Signed Farm-Out Agreement for PUT-14
Colombia >> 10/19/2016 - Gulfsands Petroleum plc (Gulfsands) has signed a Farmout Agreement relating to the Colombian, Putumayo-14 Exploration and Production of Hydrocarbons Contract No 2 of 2013, (the PUT-14 Contract). ...
SM Energy Acquires Midland Basin Assets & Divests Williston Basin Assets
United States >> 10/18/2016 - SM Energy Company has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the Company’s Midland Basin footprint to approxima...
Pemex Approves Second JV for Ayin & Batsil Fields
Mexico >> 10/18/2016 - The Board of Directors of Petroleos Mexicanos authorized the company sent to the Secretary of Energy application migration partner for exploration and extraction of Ayin and Batsil fields in shallow w...
SSE to Sell $755M Stake in Scotia Gas to Abu Dhabi
United Arab Emirates >> 10/17/2016 - SSE plc has entered into an agreement to sell a 16.7% equity stake in Scotia Gas Networks Limited (‘SGN’) to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for a headline cons...
Odfjell Sells $90M Stake in Sohar Tank Terminal
Oman >> 10/17/2016 - Odfjell SE announces that Odfjell Terminals B.V. (”OTBV”), the joint venture holding company that owns and operates substantially all of Odfjell’s tank terminals worldwide, has entered into an agreeme...
TransAtlantic Petroleum to Sell Thrace Basin Natural Gas subsidiary to Valeura Energy
Turkey >> 10/16/2016 - TransAtlantic Petroleum has entered into a share purchase agreement with Valeura Energy for the sale of its wholly-owned subsidiary, Thrace Basin Natural Gas (Turkiye) Corp ('TBNG'). ...
Rosneft Acquires 49% of Essar Oil Limited by USD 12.9 bln
Rosneft Acquires 49% of Essar Oil Limited by USD 12.9 bln Russia >> 10/15/2016 - Rosneft completes the signing of the Sale and Purchase Agreement for a 49% stake in Essar Oil Limited (hereinafter - “EOL”) from Essar Energy Holdings Limited and its affiliates. Rosneft Board of Dir...
Rosneft & ONGC Deal to Be Completed
Russia >> 10/15/2016 - Rosneft and ONGC Videsh Limited signed within the BRICS summit an Agreement on the preparation for the completion relating to the sale and purchase agreement of 11% shares in Vankorneft JSC. The docum...
NIOC Subsidiary in Sears of Int’l Partners to Develop Oil Projects
Iran >> 10/14/2016 - A subsidiary of the National Iranian Oil Company (NIOC) in upstream projects, Petroiran, is seeking international partners to develop offshore fields under the new model of oil contracts, the company’...
QGEP Takes Pacific Brazil’s Stakes in Three Blocks
QGEP Takes Pacific Brazil’s Stakes in Three Blocks Brazil >> 10/14/2016 - QGEP Participaçoes S.A. announces that it signed an agreement to assume the working interest that its partner, Pacific Brasil Exploraçao e Produçao de Oleo e Gas Ltda. (Pacific) holds in three explora...
Cue Energy Farms out North West Shelf Gas Prospet to BP
Australia >> 10/13/2016 - Cue Energy Resources has advised that its 100% owned subsidiary, Cue Exploration, has executed agreements with BP Developments Australia for BP, subject to government approval and completion of standa...
Clontarf & Petrel Submit Proposed Work Programme for Tano Acreage in Ghana
Ghana >> 10/12/2016 - The Directors of Clontarf are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghana...
Rosneft Closed the Deal on Acquisition of the Government’s Stake in Bashneft
Russia >> 10/12/2016 - Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bas...
Axens Files Proposal to Acquire Heurtey Petrochem Group
France >> 10/12/2016 - Axens announced today that it has filed a voluntary takeover bid proposal with the AMF (French capital markets authority) to acquire the shares of Heurtey Petrochem (the “Bid”). Axens is a wholly-own...

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