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Acquisitions and Divestitures News

Trident Petroleum Signs Exploration Agreement Worth $4.5m
Trident Petroleum Signs Exploration Agreement Worth $4.5m Egypt >> 1/31/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co and Egypt’s Trident Pe...
SKK Migas Extends Rengat PSC Exploration Period to November 2019
Indonesia >> 1/29/2016 - NuEnergy Gas Limited (NGY) wish to update that the Rengat Production Sharing Contract (PSC) drilling of the exploratory wells, RE-03, RE-04 and RE-05 has been successfully completed to the targeted de...
Sterling Energy Withdraws from Block C-3, Mauritania
Mauritania >> 1/29/2016 - Sterling Energy plc, the AIM listed upstream oil and gas company with interests in Africa, announces that its wholly owned subsidiary Sterling Energy Mauritania Limited (SEML) has submitted a notice o...
Bashneft Wins Rights for 5 Subsoil Areas in the Republic of Bashkortostan at Auction
Russia >> 1/27/2016 - At auctions for the right to conduct geological exploration, prospecting and production of hydrocarbons held by the Department of Subsoil Use of the Volga Federal District (Privolzhsknedra), Bashneft ...
Sound Energy Signs Agreement to Buy Further Sidi Moktar Interest
Morocco >> 1/26/2016 - Sound Energy, the Mediterranean focused upstream gas company, has reached heads of agreement with PetroMaroc Corporation Plc in respect of Sound Energy's acquisition of PetroMaroc's 50% operated inter...
Aramco IPO Could be Open to International Markets
Saudi Arabia >> 1/24/2016 - In initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi energy reserves, the company's chairman told Sau...
CNPC Takes Over Changbei Phase I Project from Shell
China >> 1/22/2016 - On January 20, at the turning-over ceremony of Changbei Phase I Project's operatorship held in Beijing, CNPC officially took on the role as operator of the project instead of Shell. ...
Russian Government Approves Sale of Yamal Stake to China Fund
Russia >> 1/22/2016 - The Russian government has approved the sale of a stake in the Yamal LNG plant to China's Silk Road Fund in a deal which should bring another $2 billion in investment for the project. ...
Extension to the BNG Contract Area
Kazakhstan >> 1/21/2016 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a 140.6 sq kilometers extension to the BNG Contract Area. ...
Chevron Seeks Buyers for 75% Stake in South African Unit
South Africa >> 1/21/2016 - Chevron Corp. said it was considering selling its 75 percent stake in its South African unit. Chevron has made a decision to solicit expressions of interest for the stake, a sale that would form part ...
Update on Petrogrand's Business
Russia >> 1/21/2016 - Following the Extraordinary Shareholders' Meetings in Petrogrand AB and Shelton Petroleum AB (currently Petrosibir AB) on 9 November 2015, the business combination of the two entities was completed in...
Mitsubishi Corporation Acquires Full Ownership of CIMA ENERGY, LTD.
Japan >> 1/20/2016 - Mitsubishi Corporation (MC) hereby announces that it has acquired all remaining partnership interest in its affiliated company, CIMA ENERGY, LTD. (CIMA), a Houston based oil and gas marketer, through ...
Fortis Petroleum Norway Wins Four Licences in APA 2015 Round
Norway >> 1/20/2016 - Fortis Petroleum Norway AS has been awarded participating interests in four exploration licences in the Norwegian APA 2015 Licensing Round: ...
Colombia's ANH Revokes Range Resources' Exploration Blocks
Colombia >> 1/19/2016 - Range advises that it has received a notice from Agencia Nacional de Hidrocarburos (“ANH”), National Hydrocarbons Agency of Colombia, which states that the licences over the three exploration blocks, ...
Statoil Awarded 24 Licences in APA Round 2015
Norway >> 1/19/2016 - In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner. ...
Chevron Will Not Extend Contract to Pperate Indonesia Oil & Gas Block
Indonesia >> 1/19/2016 - Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant said on Tuesday, as plunging crude prices hit producers around the world. ...
Eco Atlantic Granted License Offshore Guyana in Partnership with Tullow
Guyana >> 1/19/2016 - Eco (Atlantic) Oil & Gas Ltd. through its subsidiary, Eco (Atlantic) Guyana Inc. has been issued an interest in a Petroleum Prospecting License over the new Orinduik Block, offshore the Co-Operative R...
Norway Awards 56 Licences Offshore Norway in APA 2015 Round
Norway >> 1/19/2016 - The Ministry of Petroleum and Energy offers 56 exploration licenses on the Norwegian Continental Shelf (NCS) in the Awards in Pre-defined Areas 2015 (APA 2015) licensing round. ...
Shell Exits Development of Bab Sour Gas Reservoirs
United Arab Emirates >> 1/18/2016 - Following a careful and thorough evaluation of technical challenges and costs, Shell has decided to exit the joint development of the Bab sour gas reservoirs with ADNOC in the emirate of Abu Dhabi, an...
Petro Vista Executes Binding Defintive Agreement for the Sale of Interest in Tartaruga Block
Brazil >> 1/18/2016 - Petro Vista Energy Corp. has entered into a binding sale and purchase agreement with Maha Energy Inc. (Maha) for the sale of its wholly owned Brazilian subsidiary Petro Vista Energy Petroleo do Brasil...

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