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Acquisitions and Divestitures News

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...
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. ...
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...
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...
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...
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...
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...
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...
Kina Petroleum and Heritage Oil to Relinquish PPL 337
Papua-New Guinea >> 3/24/2016 - Kina Petroleum (KPL) has provided an update in respect of the PPL 337 exploration licence. During 2015, KPL were fully carried by Heritage Oil to drill two wells in PPL 337: Raintree-1 and Kwila-1. Wh...
China's ENN Buys $750 mln Stake in Australia's Santos
China >> 3/24/2016 - Chinese private gas distributor ENN is set to become the top shareholder in Australia's Santos Ltd after agreeing to buy an 11.7 percent stake for $750 million from Hony Capital, in a push to get into...
PA Resources Completes Divestment of North Sea Assets to Petrogas
Sweden >> 3/24/2016 - PA Resources AB has completed the transaction with Petrogas E&P announced on 9 February, 2016 regarding the divestment of its portfolio of North Sea assets. The agreement is based on the sale of three...
New Zealand Oil & Gas to Relinquish Kaheru Permit PEP52181
New Zealand >> 3/23/2016 - The joint venture in PEP 52181 (Kaheru), offshore South Taranaki, has submitted an application to surrender the permit. Operator New Zealand Oil & Gas announced in February that economic conditions co...
GoM Lease Sale Yields $156m in High Bids on 693,962 Acres
United States >> 3/23/2016 - As part of the Obama Administration's continued commitment to safe and responsible domestic energy production, Department of the Interior Assistant Secretary for Land and Minerals Management Janice Sc...
CLNR Signs HoT for Proposed Acquisition of North Sea Licences
United Kingdom >> 3/23/2016 - CLNR, the natural resources investing company with gas assets in the Southern North Sea, has signed Heads of Terms with Verus Petroleum (CNS) Limited and Verus Petroleum (SNS) Limited (both wholly-own...
Bashneft's Board of Directors Approves the Purchase of a 19% Shareholding in Ufaorgsintez
Russia >> 3/18/2016 - In accordance with a directive of the Government of the Russian Federation, today Bashneft’s Board of Directors has resolved that the Company should acquire a stake in the authorized share capital of ...
Elixir Still in Talks to Acquire AWE's Interest in Producing Perth Basin Cliff Head Field
Australia >> 3/16/2016 - Elixir Petroleum and AWE continue to work towards execution of an agreement for Elixir to acquire a 57.5% Working Interest in the producing Cliff Head oil field located in the Perth Basin, Western Aus...
Agreement Signed on Rehabilitation & Production Sharing for 3 Block
Azerbaijan >> 3/16/2016 - SOCAR, Zenith Aran Oil Company Limited and SOCAR Oil Affiliate have signed the Agreement on the Rehabilitation, Exploration, Development and Production Sharing for the Block including the Muradkhanli,...

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