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Acquisitions and Divestitures News

Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited
Kuwait Energy Signs Farm-Out Agreement With Global Connect Limited Egypt >> 1/17/2016 - Kuwait Energy plc is pleased to announce the signing of a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession fromits share, to Global Connect Limited; a recently esta...
Ophir Withdraws from Seychelles Farm-in Agreement with WHL Energy
Seychelles >> 1/16/2016 - Australian energy company WHL Energy refers to the farm-out agreement between Ophir Seychelles (Areas 1, 2 and 3),PetroQuest International and WHL Energy dated 4 March 2014. In accordance with the pro...
Russia's Lukoil Leaving Projects in Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 1/15/2016 - Russia's second-largest oil producer Lukoil is leaving projects in Ivory Coast, Interfax news agency reported, citing a source. Lukoil has been operating in the Gulf of Guinea offshore Ivory Coast sin...
Edison Looks To Sell Part of Egypt's Abu Qir Field
Edison Looks To Sell Part of Egypt's Abu Qir Field Egypt >> 1/14/2016 - Edison, Italy's No. 2 energy company owned by France's EDF, is trying to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers including Kuwait's KUFPEC, people famili...
Sound Energy Acquires Interest in Sidi Moktar
Morocco >> 1/14/2016 - Sound Energy, the Mediterranean focused upstream gas company, has entered into a binding agreement with Maghreb Petroleum Exploration S.A. for the purchase of MPE's 25% working interest in three onsho...
Mitra Energy Provides Update on Vietnam Gas Development Plan
Vietnam >> 1/14/2016 - Mitra Energy Inc. (MTE) is pleased to provide an update on the status of its gas development project in Vietnam as follows: ...
Premier to Acquire E.ON's UK North Sea Assets for $120m
United Kingdom >> 1/13/2016 - Premier Oil has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from ...
Saudi Government to Keep Controlling Stake in Aramco
Saudi Arabia >> 1/13/2016 - Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering of the world's largest oil firm, its chief executive said. ...
Sale of a Stake in Saipem
Italy >> 1/12/2016 - Reference is made to the sale by Eni S.p.A. (Eni) to Fondo Strategico Italiano S.p.A. of a stake in Saipem S.p.A., consisting of 55,176,364 ordinary shares that correspond to 12.5% of Saipem’s share c...
Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm in
Kenya >> 1/11/2016 - Africa Oil Corp. (Africa Oil) is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S (Maersk) has received approval from the Government of Kenya. Acc...
Aramco May Include Upstream in Listing
Saudi Arabia >> 1/11/2016 - Saudi Arabia’s potential sale of shares in its state-owned oil giant could include listing at least part of its exploration and production assets, the company’s chairman said in an interview Monday, c...
MOL, Gulf Keystone Hand Back Akri-Bijeel Stake to KRG
Iraq >> 1/11/2016 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, is making reference to announcement by MOL Hungarian Oil and Gas Plc., operator of the Akri-Bijeel...
Aramco Would Sell Downstream Ops, Not Upstream
Saudi Arabia >> 1/10/2016 - Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramc...
KS Energy Transfers 4.9% Stake in PT Java Star Rig to Indonesia's PT CAN
Indonesia >> 1/8/2016 - Singapore-listed KS Energy Limited reported that its associated company, PT KS Drilling Indonesia (PT KSDI), has on Oct. 6, 2015, entered into an agreement to transfer 4.9 percent ordinary shares in P...
Triple provides an Update on Activities in China’s CBM Blocks
China >> 1/8/2016 - The Directors of Triple Energy Limited are pleased to provide the following update on activities. ...
Saudis Consider Selling Shares in Aramco
Saudi Arabia >> 1/8/2016 - Saudi Aramco confirms that it has been studying various options to allow broad public participation in its equity through the listing in the capital markets of an appropriate percentage of the Company...
BP Agrees to Sale of Alabama Petrochemical Complex
United States >> 1/6/2016 - BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business...
Honeywell Acquires Remaining 30% Interest In UOP Russell LLC
United States >> 1/6/2016 - Honeywell (HON) announced that it has acquired the remaining 30 percent stake in UOP Russell LLC, which develops technology and manufactures modular equipment to process natural gas, for approximately...
Shawcor Ltd. Acquires Lake Superior Consulting
Canada >> 1/5/2016 - SHAWCOR LTD. (SCL) announced that it has acquired the units of Lake Superior Consulting, LLC (“Lake Superior”) for an undisclosed sum plus a potential earn out payment payable in 2016. Lake Superior ...
RH Petrogas Replaces PetroChina as Operator of Basin PSC in Indonesia
Indonesia >> 1/5/2016 - Mainboard-listed RH Petrogas Limited (RHP or the Group), engaged in the business of exploration, development and production of oil and gas resources, announced that its wholly owned subsidiary Petroga...

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