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Acquisitions and Divestitures News

Santos Completes Sale of Kipper Gas Field to Mitsui
Australia >> 3/3/2016 - Santos announced in November 2015 the sale of its 35% non-operated interest in the Kipper gas field, located in the Gippsland Basin, offshore Victoria to Mitsui E&P Australia Pty Ltd (Mitsui) for $520...
Frontier Resources Proposed Disposal of Oman EPSA
Oman >> 3/3/2016 - The Board of Frontier announces that the Company has conditionally agreed to dispose of Frontier Oman (which holds the Group's oil exploration interests in Oman) and its entire interest in FRII, whic...
Gazprom Neft Acquires Controlling Interest in High-Technology Bitumens Facility
Russia >> 3/3/2016 - Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, has acquired a 75-percent participating interest in the charter capital of NOVA-Brit LLC; the company’s interests include...
Statoil Awarded Six Licensing Options Offshore Ireland
Ireland >> 3/2/2016 - Statoil Exploration (Ireland) Limited has been awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round. ...
Det norske Acquires Noreco’s Norwegian Portfolio
Norway >> 3/2/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Noreco Norway AS (Noreco) to acquire Noreco’s Norwegian license portfolio, including a ca. NOK 45 million cash balance. The e...
MoU for Feasibility Study of Construction of Ultra-Supercritical Coal-fired Power Plant
Egypt >> 3/2/2016 - Marubeni Corporation (“Marubeni”) and El Sewedy Electric Company S.A.E (“El Sewedy”) executed a Memorandum of Understanding (“MOU”) with Egyptian Electricity Holding Company (“EEHC”) in relation to a ...
Brazil's Petrobras to Start Talks on Sale of Argentina Stake
Argentina >> 3/2/2016 - Petrobras, with respect to the sale of its equity interest in Petrobras Argentina, disclosed by Material Fact in 01/20/2016, informs that its Executive Board has approved the conduct of negotiations w...
Petrobras Approved the Sale of Onshore Fields
Brazil >> 3/2/2016 - Petrobras informs that its Executive Board has approved the initiation of the process of transfer of rights of oil and natural gas exploitation, development and production in certain onshore fields, a...
Petrobras Cancels Sale of Stake in Brazil
Brazil >> 3/1/2016 - Petrobras informs that the contracts regarding the sale of its 20% interest in the concessions of Bijupira and Salema, signed on July 1st, 2015, with PetroRio S.A., have been terminated. Therefore, Pe...
QUATTRO Signs Agreement to Acquire the El Cedro License
Guatemala >> 3/1/2016 - QUATTRO Exploration and Production Ltd. is pleased to announce the purchase of a 100% interest in the El Cedro License, Block 6-2012 in Guatemala, consisting of approximately 34,723 hectares in the So...
Sembcorp Marine Sells 50% Stake in Dolphin Workboats to Entraco Venture
Singapore >> 3/1/2016 - Sinagpore's Sembcorp Marine Ltd. (the Company) announced Monday that its wholly owned subsidiary, Dolphin Shipping Company Private Limited (DSC), has completed the sale of its entire 50 percent equity...
San Leon Energy Relinquishes Spanish Licence Applications
Spain >> 2/29/2016 - San Leon Energy Plc, the AIM listed company focused on oil and gas exploration and production in Europe and Africa, confirms that the Company has applied to relinquish six Spanish licence applications...
BNK Relinquished Polish Concession
Poland >> 2/28/2016 - BNK Petroleum Inc has filed the paperwork necessary to relinquish the Slupsk concession in the Baltic Basin of Poland and intends to shutdown all operations in Poland. ...
MX Oil Agrees Sale of Investment in Aje Field, Nigeria
Nigeria >> 2/26/2016 - MX Oil plc, the AIM quoted oil and gas investing company, has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC). GPD...
MEO Withdraws Application to Assume Operatorship of PEP51153
New Zealand >> 2/25/2016 - MEO Australia Limited has been advised by the liquidators of Kea Petroleum Limited (“Kea”) of the binding conditional sale of Kea’s 70% interest in onshore New Zealand exploration permit PEP51153 to a...
Anadarko to Monetize Approximately $1.3 Billion of Assets
United States >> 2/24/2016 - Anadarko Petroleum Corporation has closed or signed agreements to monetize approximately $1.3 billion of assets since the beginning of the year. The monetizations include the forward sale of future ro...
FourPoint to Acquire Chesapeake's Assets for $385 Million
United States >> 2/24/2016 - FourPoint Energy, LLC announced the signing of a definitive agreement to acquire all of Chesapeake Energy's remaining Western Anadarko Basin oil and gas assets for a purchase price of $385 million. Th...
Africa Oil Completes Ethiopia Farm Out Deal with Maersk Oil
Ethiopia >> 2/23/2016 - Africa Oil Corp has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk Oil") related to the South Omo and Rift Basin Blocks in Ethiopia. ...
Acquisition of Interest in North Sea Licences
United Kingdom >> 2/23/2016 - Zennor Petroleum Limited is pleased to announce that on 20th February 2016 it entered into a Conditional Sale and Purchase Agreement with the joint administrators of First Oil Expro Limited, a company...
Oil & Gas Investors Return 15 Exploration Blocks to Indonesia
Indonesia >> 2/22/2016 - Oil and gas investors relinquished 15 exploration blocks to the Indonesian government in 2015, nearly double those they returned the previous year, according to the country's energy regulator, amid lo...

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