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Acquisitions and Divestitures News

NOVATEK Wins Aauction for the Nyakhartinskiy License Area
Russia >> 4/12/2016 - OAO NOVATEK announced that its subsidiary OOO NOVATEK-Yurkharovneftegas won an auction for the exploration and production license for the Nyakhartinskiy license area. The license duration is 27 years ...
Saipem Signs MoU for Toos Gas Field Project in Iran
Iran >> 4/12/2016 - During the official State visit to Iran of the Italian Prime Minister, Matteo Renzi, Saipem Chief Executive Stefano Cao and Ali Yadghar, Managing Director of Razavi Oil & Gas Development Company, ente...
Marathon Oil to Divest $950m of Non-Core Assets
United States >> 4/11/2016 - Marathon Oil Corporation has signed agreements for the sale of certain non-core assets for $950 million, bringing the total to approximately $1.3 billion since last year. ...
Increased Working Interest and Application for Extension
Tunisia >> 4/7/2016 - The Board of Independent Resources plc, the AIM listed oil and gas exploration and production company, is pleased to announce that with immediate effect Independent Resources Ksar Hadada Limited ("IRK...
LyondellBasell Completes Second Polypropylene Compounds Acquisition in India
India >> 4/7/2016 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced that it completed the previously announced acquisition of the polypropylene (PP) compounding asset...
Victoria Secures Government Approval for 75% Interest in Matanda Block
Cameroon >> 4/7/2016 - Victoria Oil & Gas Plc, the integrated natural gas producing utility, is pleased to announce that the Government of Cameroon has approved the assignment from Glencore Exploration Cameroon Limited of a...
Statoil Added to the Consortium of Oil Exploration in Block 14
Uruguay >> 4/7/2016 - The president of Ancap, Marta Jara, and the authorities of the Total companies, ExxonMobil and Statoil signed a contract that Total, operator of Block 14 hydrocarbon exploration in the Uruguayan sea p...
Carnarvon Secures NWS Exploration Acreage
Australia >> 4/6/2016 - Carnarvon Petroleum Limited (Carnarvon) has secured a 100% interest in a newly awarded offshore exploration permit, WA-521-P, located in the Roebuck Basin and positioned immediately adjacent to the Ph...
Lukoil Granted Right to Use Subsoil Area in the Baltic Sea
Russia >> 4/6/2016 - In accordance with Directive of the Russian Federation Government OOO “LUKOIL-Kaliningradmorneft” (a 100% subsidiary of PJSC “LUKOIL”) was granted the right to use a subsoil block of federal significa...
Danish Energy Agency Awarded DEA 2 Licenses
Denmark >> 4/6/2016 - The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of...
Solo Oil Signs SPA for Kiliwani North, Tanzania
Tanzania >> 4/4/2016 - Solo announces that further to the agreements previously announced with Aminex plc (Aminex) to acquire a further interest in the Kiliwani North Development Licence (KNDL) Solo has now executed a Sale ...
Fluxys Drops Out of Bidding for Stake in Greek Gas Grid Operator
Belgium >> 4/4/2016 - Belgium's Fluxys has dropped plans to acquire a stake in Greece's natural gas grid operator from Azerbaijan's state-owned energy company, the head of the Azeri company confirmed. ...
Kosmos Energy Signs Deal for Majority Stake in Sao Tome Oil Block
Sao Tome and Principe >> 4/2/2016 - Kosmos Energy has acquired majority rights to one of the oil blocks in Sao Tome and Principe's exclusive economic zone, the company and the African island nation said. ...
LANXESS and Saudi Aramco Complete Joint Venture Deal
Saudi Arabia >> 4/1/2016 - LANXESS and Saudi Aramco have completed the formation of their 50-50 joint venture for synthetic rubber, ARLANXEO. The deal was first announced in September 2015, and all relevant antitrust authoritie...
Swiss African Oil & PET Volta Win Licence for Keta Delta Block
Ghana >> 4/1/2016 - Swiss African Oil Company (a subsidiary of Swiss African Petroleum AG) and PET Volta Investments have been awarded a new exploration and production license for the Keta Delta block, located in the Vol...
Petromanas Closing Sale of Albanian Assets to Shell
Albania >> 3/31/2016 - Petromanas Energy Inc. is pleased to announce closing of the previously announced sale of substantially all of the assets of Petromanas Albania GmbH, Petromanas' wholly-owned subsidiary, to Shell Upst...
Chariot Signs Farm Out Agreement with Eni in Rabat Deep Offshore
Morocco >> 3/30/2016 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has signe...
Abu Dhabi's Adnoc ‘Open’ to More Partners at Onshore Oil Fields
United Arab Emirates >> 3/29/2016 - Abu Dhabi National Oil Co. is willing to accept additional partners at its main onshore fields, a senior company official said, almost a year after awarding less than half the production rights it off...
Eni Awarded New Exploration Licence Offshore Ghana
Ghana >> 3/29/2016 - Eni has been awarded a new exploration licence, the Cape Three Points Block 4, located in the prolific Tano basin, offshore Ghana. This acquisition will further strengthen the company’s position in th...
Engie Wins Concession for Antwerp Port LNG Bunkering Facility
Belgium >> 3/24/2016 - French gas and power utility Engie has been granted a 30-year concession by the Antwerp Port Authority in Belgium to build and operate a liquefied natural gas (LNG) bunkering station for barges, the c...

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