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Acquisitions and Divestitures News

Devon to Monetize nearly $1 Billion of Upstream Assets
United States >> 6/6/2016 - Devon Energy Corp. has entered into definitive agreements with undisclosed parties to monetize nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty...
TAG Oil Acquires Kea Petroleum's Interest in Permit PEP 51153
New Zealand >> 6/6/2016 - TAG Oil Ltd. has acquired a 70% working interest and operatorship of the PEP 51153 (Puka) onshore permit in the Taranaki Basin of New Zealand. TAG’s joint venture partner in the Puka permit is MEO Aus...
Russneft Plans Moscow Share Sale
Russia >> 6/6/2016 - Russian mid-sized oil producer Russneft, majority owned by businessman Mikhail Gutseriyev, plans to sell new shares on the Moscow stock exchange in the fourth quarter, a company spokesman said. ...
Engie Brazil Unit Seeks to Sell Bahia & Maranhao Gas Blocks
Brazil >> 6/6/2016 - The Brazilian unit of French utility company Engie SA is looking to sell its natural gas blocks in Brazil's Bahia and Maranhao states as part of a global strategy to focus on renewable energy resource...
Statoil Secures Additional Equity in UK Licence for Utgard Field
United Kingdom >> 6/3/2016 - On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. On conclusion of this transaction Statoil will increase its holding...
Staatsolie received second offer under open door invitation
Suriname >> 6/3/2016 - Staatsolie received a second proposal from a O&GC for an area/ block offshore Suriname they are interested in exploring.
Petrel Resources Awarded Two Offshore Ireland Licences
Ireland >> 6/3/2016 - Petrel Resources plc, the AIM listed oil and gas exploration company, has been awarded two new Licensing Options (the 'LOs') in the Porcupine Basin, offshore Ireland, as part of phase 2 of the 2015 At...
Sale of Indonesian Exploration Assets Completed
Indonesia >> 6/1/2016 - Cooper Energy (COE) announces completion of the sale of its Indonesian exploration assets to Mandala Energy Investment Pte Ltd (Mandala), as announced to the ASX 10 February, 2016. ...
Lundin Norway Increases Stake in Edvard Grieg
Norway >> 6/1/2016 - (Lundin Petroleum) is pleased to announce that the Norwegian Ministry of Petroleum and Energy has granted approval for the transaction where Lundin Norway AS will acquire from Statoil Petroleum AS an ...
Total to Buy East African Oil Retailer Gapco from Reliance
Kenya >> 5/31/2016 - A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya, Uganda and Tanzania. The tr...
Carnarvon Petroleum Awarded New Oil Prone Acreage
Australia >> 5/30/2016 - Carnarvon Petroleum Limited (Carnarvon) has acquired 100% of WA-523-P and added another high quality asset to its growing portfolio of oil and gas exploration projects on Australia’s North West Shelf ...
China's CNPC Eyes Role in Rosneft's Privatisation
Russia >> 5/30/2016 - China National Petroleum Corporation (CNPC) is interested in taking part in the privatisation of Russia's top oil producer Rosneft, Interfax news agency cited Russian Energy Minister Alexander Novak. ...
Foreign Companies Have Right to Choose Iranian Partners
Iran >> 5/28/2016 - Foreign companies who want to work in Iran, have the right to choose their Iranian partners, senior Ministry of Petroleum official said. Amir Faraji an official affiliated to the Ministry of Petroleum...
Thailand Considers Options for Petroleum Concession Deals
Thailand >> 5/25/2016 - Thailand wants to negotiate a better return from its petroleum concessions held by Chevron Corp and Thailand's PTT Exploration and Production , the Energy Minister said. Minister Anantaporn Kanjanarat...
Antilles Amends Block 105 Farm-in Agreement with Union Oil and Gas Group
Peru >> 5/25/2016 - Antilles Oil and Gas has amended its farm-in agreement with Union Oil and Gas Group in relation to its Block 105 onshore Peru project. ...
Pemex Discusses Potential Business Opportunities with Lukoil
Mexico >> 5/24/2016 - The chief executives of Mexican state oil company Pemex and Russian oil major Lukoil discussed potential joint business opportunities and the possibility of future cooperation, Pemex said. ...
PTTEP Says Keen to Buy Stake in Myanmar Gas Field from Chevron
Myanmar >> 5/24/2016 - PTT Exploration and Production (PTTEP), Thailand's largest oil and gas explorer, said it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp. ...
San Leon Provides Nigerian Onshore Production Deal Update
Nigeria >> 5/24/2016 - San Leon Energy plc, the AIM quoted oil and gas exploration and production company focused on Europe and Africa, is pleased to provide the following update on its production deal on the OML 18 block, ...
DEA Awarded Two Licences in the Barents Sea
Norway >> 5/23/2016 - In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea. ...
Lukoil Signs Amendment Related to a Large Gas Project in Uzbekistan
Uzbekistan >> 5/20/2016 - An Amendment to the Product Sharing Agreement (PSA) for Kandym group of fields, Khauzak, Shady and Kungrad areas has been signed in the city of Tashkent. ...

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