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Acquisitions and Divestitures News

Madalena Energy Terminates Coiron Amargo Acquisition & Offering
Argentina >> 3/14/2016 - Madalena Energy Inc. announces that, due to prevailing market conditions, it has elected not to proceed with the acquisition of an additional 10% working interest in the Coiron Amargo block in Argenti...
Cub Expanded 20-Year Production License
Ukraine >> 3/14/2016 - Cub Energy Inc. (Cub) announces that its wholly-owned subsidiary, Tysagaz LLC, has been granted a production license with additional acreage in western Ukraine. The new Uzhgorod license covers approxi...
China's CNOOC Eyes Petrobras' Stake in Braskem
Brazil >> 3/14/2016 - China's CNOOC Ltd is interested in purchasing a minority stake in Brazilian petrochemical company Braskem SA from state-run Petroleo Brasileiro SA, a Brazilian newspaper said. ...
SAFCO Eyes Potential Buy of SABIC's stake in JV
Saudi Arabia >> 3/13/2016 - Saudi Arabia Fertilizers Co 2020.SE (SAFCO) is considering taking full control of chemical fertilizer producer Ibn Al-Bayttar by buying out its joint venture partner Saudi Arabia Basic Industries Corp...
Sound Energy Signs Additional Sidi Moktar Interest & Farmout to Culebra Petroleum
Morocco >> 3/10/2016 - Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce: ...
African Petroleum Completes Farmout of Block CI-513 to Ophir
Ivory Coast (Cote D'Ivoire) >> 3/10/2016 - Further to the Company’s announcement of 21 December 2015, African Petroleum, an independent oil and gas exploration company with ten licences in five countries offshore West Africa, is pleased to ann...
PetroRio Terminates Operations in Namibia
Namibia >> 3/9/2016 - Petro Rio S.A. ("PetroRio") will not execute any new investments and it is terminating its exploratory activities in Namibia. PetroRio, after a long period of conversations with the Namibian governmen...
Atlantic Petroleum Sold Norwegian Assets & Licenses
Norway >> 3/9/2016 - Atlantic Petroleum announces that its fully owned subsidiary Atlantic Petroleum Norge AS (“APN”) has entered into a Sale and Purchase Agreement (“SPA”) with M Vest Energy AS for the sale of its Norweg...
Exmar & PEP to Terminate Liquefaction and Storage Agreement
China >> 3/9/2016 - EXMAR NV reported that the company and Pacific Exploration and Production (PEP) have agreed to terminate a Liquefaction and Storage Agreement, originally executed in March 2012 for a term of 15 years ...
Signs Tuba Obi East Gas Project Farm-In Agreement
Indonesia >> 3/8/2016 - Andalas Energy and Power Plc, the AIM listed investment company, is pleased to announce that it has conditionally entered into a farm-in agreement for the Tuba Obi East (“TOE”) Technical Assistance Co...
Hansa Hydrocarbons Enters Denmark with Two Licence Awards
Denmark >> 3/7/2016 - Hansa Hydrocarbons Limited has been provisionally awarded two new licences under the Danish 7th Licensing Round, namely Licences 7/16 and 14/16 in the Danish sector of the North Sea. The awards remain...
Baron Oil Extend the Licence Period for Block XXI
Peru >> 3/7/2016 - The Board of Baron Oil plc is pleased to announce that the recently acquired 2D seismic data on the 100% owned Block XXI onshore Peru has been processed by GSS and analysed by the company and its cons...
Brazil Says Onshore Assets for Sale Produce under 2% of Output
Brazil >> 3/4/2016 - Petrobras, complementing the Material Fact published on March 2, 2016, hereby announces that the process of transfer of rights of the oil and natural gas exploration, development and production rights...
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...

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