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Acquisitions and Divestitures News

Russian Government Tells Rosneft Board to Approve Bashneft Purchase
Russia >> 10/6/2016 - The Russian government instructed the board of state oil firm Rosneft to approve the purchase of a 50.1 percent stake in smaller oil firm Bashneft for a price not higher than 330 billion roubles ($5.3...
Sale of Bauna and Tartaruga Verde Fields
Brazil >> 10/6/2016 - Petrobras announces that it is negotiating with Karoon Gas Australia Ltd the sale of its participation in the Bauna and Tartaruga Verde fields. ...
Rosneft Succesfully Closed the Transaction to Sell 23.9%shares in Vankorneft JSC
Russia >> 10/5/2016 - Rosneft and a consortium of Indian companies, consisting of Oil India Limited (the leader of the consortium), Indian Oil Corporation Limited and Bharat PetroResources Limited closed the transaction fo...
Rosneft Forms an International Consortium on the Basis of Taas-Yuryah Neftegasodobycha
Russia >> 10/5/2016 - Rosneft and the consortium of Indian companies, comprised of Oil India Limited (leader of the consortium), Indian Oil Corporation Limited and Bharat PetroResources Limited closed the transaction for t...
Intertek Acquires EWA-Canada
United Kingdom >> 10/5/2016 - Intertek, a Total Quality Assurance provider to a range of industries worldwide, has completed its acquisition of EWA-Canada, a leading provider of cyber security and assurance services for products, ...
Bondholders of Malaysia's Perisai Reject Extension of Maturity Date
Malaysia >> 10/4/2016 - Holders of Perisai Petroleum Teknologi Bhd's S$125 million ($91.41 million) bond have rejected the Malaysian oil and gas service provider's request for a four-month extension on the maturity date, the...
Russian Govt Ready to Sell Bashneft Stake This Month
Russia >> 10/3/2016 - Russian Economy Minister Alexei Ulyukayev said that the government was ready to privatise a stake in the Bashneft oil firm this month, Russian news agencies reported. ...
Aker BP Acquires Norwegian Offshore Licences from Tullow Norge
Norway >> 10/3/2016 - Aker BP ASA announces the acquisition of licenses from Tullow Norge AS. The transaction comprises working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discov...
Egdon Announces Details of UK 14th Onshore Oil and Gas Licensing Round Final Awards
United Kingdom >> 10/3/2016 - Egdon Resources plc is pleased to confirm that the Oil & Gas Authority has formally issued the Company with nine new Petroleum Exploration and Development Licences ("PEDLs") arising from the UK 14th O...
Union Jack Provides Update on PEDL339 farm-in
United Kingdom >> 10/3/2016 - Union Jack Oil plc, an onshore oil and gas production and development company with a focus on production, development and investment in the United Kingdom onshore hydrocarbon sector, note that the Oil...
Petronas Weighs Sale to Exit $27B Canada LNG Project
Malaysia >> 9/30/2016 - Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this w...
Apex Clean Energy Acquires Wind Energy Asset from Novus Windpower
United States >> 9/30/2016 - Apex Clean Energy has acquired the Novus IV wind energy project from Novus Windpower, LLC, headquartered in Guymon, Oklahoma. The project, which is located in Hansford County and Sherman County, Texas...
NYK Completes Acquisition of 25% Stake in EMAS CHIYODA Subsea
Singapore >> 9/29/2016 - Singapore-listed Ezra Holdings Ltd. reported that Japan's Nippon Yusen Kabushiki Kaisha (NYK) has completed the transaction to acquire a 25 percent interest in EMAS CHIYODA Subsea (ECS) from the compa...
Pemex to Cut Stake in 1st Deep-Water Venture
Mexico >> 9/28/2016 - Mexican state oil firm Pemex will cut its stake in its first deep-water joint venture with private operators, the national oil regulator said, agreeing to modify the terms of the planned tie-up to all...
Karoon Acquires Pacific’s Interest in the Santos Basin Blocks
Brazil >> 9/28/2016 - Karoon Gas Australia Ltd has entered into a binding Sale and Purchase Agreement for Pacific Exploration and Production Corp.’s 35% equity interest in the jointly held Santos Basin exploration blocks S...
Nigeria Looks to Raise Cash by Selling Oil Assets
Nigeria >> 9/28/2016 - Facing the likelihood of its first full-year economic contraction in 25 years, Nigeria is contemplating a rare sale of stakes in the oil and gas industry, the country’s biggest foreign-exchange earner...
ExxonMobil to be Considering Sale of $1b in Norway Assets
Norway >> 9/23/2016 - Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said. Exxon, th...
Sound Energy Renegotiated Terms for Sidi Moktar acquisition
Morocco >> 9/23/2016 - Sound Energy, the Mediterranean and African focused upstream company, reported in March 2016 that it had entered into a binding agreement with PetroMaroc Corporation Plc ("PetroMaroc") for the acquisi...
Hyperdynamics Receives Presidential Decree
Equatorial Guinea >> 9/22/2016 - Hyperdynamics Corporation has received notice of a Presidential Decree signed by the President of the Republic of Guinea, Alpha Conde, implementing the Second Amendment to its Production Sharing Contr...
Cue Energy announces Sampang Field Life Extension in Offshore Indonesia
Indonesia >> 9/22/2016 - Cue Energy Resources has advised that as part of its strategy of delivering disciplined growth through attractive opportunities in Indonesia, and subject to final government approvals, the Sampang Joi...

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