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Acquisitions and Divestitures News

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...
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...
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...
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...
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. ...
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...
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...
Korean Firms Resolved to Join RIPI Projects
Iran >> 4/19/2016 - Korean research firms came to Iran last week to visit the research arm of the countrys energy sector, Research Institute of Petroleum Industry (RIPI), in a push to cement research deals with the insti...
Tehran & Seoul to Sign MoUs in May 2016
Iran >> 4/18/2016 - South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said. ...
Det Norske Acquires Licenses from Centrica
Norway >> 4/18/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As co...
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt Egypt >> 4/18/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for...
Cox Oil and Chevron Successfully Complete Transaction in Gulf of Mexico
Cox Oil and Chevron Successfully Complete Transaction in Gulf of Mexico Mexico >> 4/15/2016 - Cox Oil Offshore, L.L.C. (Cox Oil) has successfully completed a transaction in which Cox Oil acquired a number of assets in the Gulf of Mexico from Chevron. The acquisition includes 19 fields and asso...
Primeline Commences Arbitration Against Zhejiang Gas to Rectify Gas Sales Contract Breach
China >> 4/15/2016 - Primeline Energy Holdings Inc. (PEH) announced that the China International Economic and Trade Arbitration Commission (“CIETAC”) hasserved formal notice of commencement of arbitration proceedings (“th...
Beach to Exit BMG Fields Offshore Southeast Australia
Australia >> 4/15/2016 - Cooper Energy Limited advises that Beach Energy Limited (Beach) and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta ...
Ezra & EMAS Offshore to Sell 78.4% Stake in FPSO Lewek Emas
Vietnam >> 4/14/2016 - Ezra Holdings Limited (Ezra), a leading contractor and provider of integrated offshore solutions to the oil and gas industry and EMAS Offshore Production Service (Vietnam) Pte Ltd. (EOPS), a wholly-ow...
Pertamina Eyes Global Energy M&A, has $2b to Spend in 2016
Indonesia >> 4/12/2016 - Indonesia's state-owned energy company Pertamina has a budget of up to $2 billion for mergers and acquisitions in oil and gas assets this year, a company director said, amid efforts to supply Indonesi...
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...

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