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Acquisitions and Divestitures News

Statoil to Increase Its Ownership in Lundin Petroleum
United Kingdom >> 5/3/2016 - Statoil ASA has entered into an agreement with Lundin Petroleum AB to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. ...
Kosmos Energy Finalizes Suriname Farm-Out with Hess Corporation
Suriname >> 5/3/2016 - Kosmos Energy has entered into a farm-out agreement with Hess Suriname Exploration Limited, a wholly-owned subsidiary of the Hess Corporation, covering the Block 42 contract area offshore Suriname. Un...
Statoil Divests Assets in the Marcellus
United States >> 5/2/2016 - Statoil has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash. This divestment of non-core assets comprises approximately 62,500 ...
Eni Makes Progress on $8 Bln Asset Sales Goal
Eni Makes Progress on $8 Bln Asset Sales Goal Egypt >> 4/29/2016 - Italy's Eni is well on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile projects in Egypt and Mozambique and offset the impact...
Skyland Acquires 20% Interest in Potential Production Project in Georgia
Georgia >> 4/29/2016 - Skyland Petroleum Limited (SKP) is pleased to announce the completion of its acquisition of a 20% interest in the Block XIG Production Sharing Contract ('PSC') in the Republic of Georgia. ...
ANP Extending the Deadline for Consultation of Interest for the 16 Areas with Marginal Accumulations
Brazil >> 4/28/2016 - Due to the large number of requests, the date for the ANP of interest query schedule for 16 areas with marginal accumulations was postponed to May 4, and its realization was extended until the 18th of...
Cambodia's Ministry Terminates Agreement for Offshore Block D
Cambodia >> 4/28/2016 - We refer to our annual report dated 1 April 2016, and full year results announcements dated 29 February 2016 and 23 March 2016; as well as the announcement dated 6 August 2015 in relation to Cambodia ...
Sterling Withdraws from Ambilobe Block
Madagascar >> 4/28/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that its wholly owned subsidiary, Sterling Energy (UK) Limited, has issued a notice of withdrawal from the Ambilobe block...
Gazprom Neft Extends Licence for Developing the Novoportovskoye Field to 2150
Russia >> 4/27/2016 - Gazpromneft Yamal LLC has successfully extended its licence for the development of the Novoportovskoye field. The Federal Subsoil Resources Management Agency (Rosnedra) extended this Gazprom Neft subs...
Parex Resources Executes Two Farm-in Agreements with Ecopetrol
Colombia >> 4/27/2016 - Parex Resources Inc. is pleased to announce the execution of two formal binding agreements with Ecopetrol S.A. whereby Parex will farm-in to operate and earn a 50% working interest in the De Mares and...
Lansdowne Relinquishes Celtic Sea Licences SEL 5/07 & SEL 5/08
Ireland >> 4/26/2016 - Lansdowne Oil & Gas, the independent oil and gas company focussed on offshore Ireland, provides an update on Lansdowne's licences in the Celtic Sea offshore the south coast of Ireland. ...
PetroNeft's Agreement with Natlata
Russia >> 4/25/2016 - PetroNeft (PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 and Natlata Partners Limited, PetroN...
Russian Government in Talks with Potential Bidders for Rosneft, Bashneft Stakes
Russia >> 4/25/2016 - Russia's government is in talks with potential buyers of stakes in the nation's top oil producer Rosneft (ROSN.MM) and medium-sized oil producer Bashneft (BANE.MM), Russian news agencies quoted Russia...
Husky Energy to Sell Partial Interest in Select Midstream Assets for $1.7 Billion
Canada >> 4/25/2016 - Husky Energy (HSE) has reached an agreement under which 65 percent of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan will be sold to Cheung Ko...
Tanzania Offers to Buy Stake in Uganda Refinery
Uganda >> 4/22/2016 - Tanzania wants an 8 percent stake in Uganda's planned oil refinery, a Ugandan minister said, a move that could be designed to boost Tanzania's bid to secure a pipeline route for Ugandan crude over a r...
Halliburton Curtailing Business Activity in Venezuela
Venezuela >> 4/22/2016 - U.S. oil services firm Halliburton Co has decided to begin curtailing activity in Venezuela, the company said, less than two weeks after Schlumberger Ltd announced a similar decision as a result of pa...
Shell Eyes $700m Exit from Gabon
Gabon >> 4/21/2016 - Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence. ...
WA DMP Approves Pilot Energy's Acquisition of EP437 Interest
Australia >> 4/20/2016 - Pilot Energy Ltd is pleased to advise that the West Australian Department of Mines & Petroleum has approved the transfer of title to the Company, pursuant to its agreement with Caracal Exploration Pty...
Devon Energy to Sell its Non-Core Mississippian Assets
United States >> 4/20/2016 - Devon Energy Corp. has entered into a definitive agreement to sell its non-core Mississippian assets in northern Oklahoma to White Star Petroleum, LLC for $200 million. The transaction is subject to c...
Repsol Agrees to Sell its LPG Business in Peru & Ecuador to Abastible for $335m
Repsol Agrees to Sell its LPG Business in Peru & Ecuador to Abastible for $335m Peru >> 4/20/2016 - Repsol has entered into an agreement with the Chilean company Abastible to sell its LPG (Liquefied Petroleum Gas) businesses in Peru, for 980 million Peruvian soles, and in Ecuador, for 33 million dol...

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