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Acquisitions and Divestitures News

Rosneft to Pay $500m to Boost Stake in Venezuela Oil
Venezuela >> 2/20/2016 - Russia’s Rosneft OAO agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. ...
Lukoil Granted Right to Use Subsoil Block of Federal Significance in Baltic Sea
Russia >> 2/20/2016 - In accordance with Directive of the Russian Federation Government No. 246-r. of 18 February 2016, OOO LUKOIL-Kaliningradmorneft (a wholly-owned subsidiary of PJSC LUKOIL) was granted the right to use ...
Romgaz & Lukoil to Relinquish EX29 Est Rapsodia Block
Romania >> 2/19/2016 - Following the results obtained from exploration operations, ROMGAZ and its partners intend to relinquish the EX29 Est Rapsodia Block in the Black Sea. ...
Petroceltic Completes Sale of Egyptian Exploration Interests to Edison
Petroceltic Completes Sale of Egyptian Exploration Interests to Edison Egypt >> 2/18/2016 - Petroceltic International plc, the oil and gas exploration, development and production company with licences in North Africa, the Mediterranean and Black Sea regions, announces the completion of the ...
Victoria Oil & Gas Secures 75% Interest in Matanda Block in Cameroon
Cameroon >> 2/18/2016 - Victoria Oil & Gas Plc has reached an agreement with Glencore Exploration Cameroon Limited and Afex Global Limited on the Matanda Block a large hydrocarbon licence in Cameroon. The terms of this agree...
Woodside Acquires 65% Interest in AGC Profond Block
Senegal >> 2/18/2016 - Woodside advises that its subsidiary Woodside Energy (Senegal) Pty Ltd has entered into an agreement with Impact Oil & Gas AGC Ltd (Impact) to acquire a 65% participating interest in a Production Shar...
Statoil Agrees Farm-in with OMV in New Zealand
New Zealand >> 2/17/2016 - Statoil has agreed with OMV to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073. This will further strengthen Statoil’s position in New Zealand. ...
Termination of the Purchase & Sale Agreement for 80% of BJSA Fields
Brazil >> 2/16/2016 - Petro Rio S.A. (PetroRio) was notified by Shell Brasil Petroleo Ltda. of the termination of the purchase and sale agreement for the acquisition of the 80% stake in the rights and obligations of the co...
Tower Resources to Exit South Africa's Orange Basin
South Africa >> 2/16/2016 - Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company announces the following update with regards to its interests in the SW Orange Basin Technical Co-operation Permit (“...
Statoil Strengthens Its Position in Uruguay
Uruguay >> 2/15/2016 - Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. ...
Rosneft & BP Obtain Regulatory Approvals to Dissolve the German Ruhr Oel GmbH (ROG) JV
Germany >> 2/12/2016 - Rosneft has obtained the approval to dissolve the Ruhr Oel GmbH (ROG) Joint Venture from the German Federal Ministry of the Economy and Energy (Bundesministerium für Wirtschaft und Energie). Therefore...
Europa Awarded New Offshore Ireland Licencing Option
Ireland >> 2/12/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is delighted to announce it has been awarded a new Licensing Option (the ...
Austria's OMV Looks to Sell Turkish Unit Petrol Ofisi
Australia >> 2/12/2016 - Austrian oil group OMV said that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. ...
Polarcus Extends Bareboat Agreement with SCF Group
Russia >> 2/12/2016 - Polarcus Limited (PLCS) is pleased to announce the three-year extension of the Bareboat Charter Party Agreement (BBCP) for M/V Vyacheslav Tikhonov (the Vessel) between Polarcus Selma Limited (Polarcus...
Exxon Sells Remaining Stake in Ex-Japan Unit TonenGeneral
Japan >> 2/12/2016 - Exxon Mobil Corp has sold its remaining stake in Japan's second-biggest oil refiner by capacity, TonenGeneral Sekiyu KK , the Japanese firm said. ...
Aminex Agrees Disposal of 3.825% Interest in Kiliwani North
Tanzania >> 2/11/2016 - Aminex PLC ( Aminex) has reached an agreement with Solo Oil plc (Solo) for the disposal of a final 3.825% interest in the Kiliwani North Development Licence (KNDL) for a cash consideration of $2.16 mi...
Ramba Energy Completes Lemang PSC Farmout to Mandala Energy
Indonesia >> 2/11/2016 - Ramba Energy and Mandala Lemang Singapore have announced that SKKMIGAS approval has been received for the transfer of a 35% interest in the Lemang Production Sharing Contract (PSC) from Hexindo to Man...
Cooper Energy to Sell Indonesian Exploration Permits to Mandala Energy
Indonesia >> 2/10/2016 - Cooper Energy has signed agreements for the sale of its Indonesian exploration assets to Mandala Energy, a South East Asia focused oil and gas exploration and production company, for consideration of ...
Shell to Sell Its 7.59% stake in UK's Maclure Field
United Kingdom >> 2/10/2016 - Nobel Upstream, the independent UK-based exploration and production company, has announced it has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure o...
PA Resources Divests its North Sea Assets to Petrogas
Denmark >> 2/9/2016 - PA Resources AB has signed an agreement to divest its portfolio of North Sea assets to Petrogas E&P. The sale includes the company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tu...

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