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Acquisitions and Divestitures News

Woodside Acquires 65% Interest in AGC Profond Block
Senegal >> 2/18/2016 - Woodside advises that its subsidiary Woodside Energy (Senegal) Pty Ltd has entered into an agreement with Impact Oil & Gas AGC Ltd (Impact) to acquire a 65% participating interest in a Production Shar...
Statoil Agrees Farm-in with OMV in New Zealand
New Zealand >> 2/17/2016 - Statoil has agreed with OMV to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073. This will further strengthen Statoil’s position in New Zealand. ...
Termination of the Purchase & Sale Agreement for 80% of BJSA Fields
Brazil >> 2/16/2016 - Petro Rio S.A. (PetroRio) was notified by Shell Brasil Petroleo Ltda. of the termination of the purchase and sale agreement for the acquisition of the 80% stake in the rights and obligations of the co...
Tower Resources to Exit South Africa's Orange Basin
South Africa >> 2/16/2016 - Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company announces the following update with regards to its interests in the SW Orange Basin Technical Co-operation Permit (“...
Statoil Strengthens Its Position in Uruguay
Uruguay >> 2/15/2016 - Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. ...
Exxon Sells Remaining Stake in Ex-Japan Unit TonenGeneral
Japan >> 2/12/2016 - Exxon Mobil Corp has sold its remaining stake in Japan's second-biggest oil refiner by capacity, TonenGeneral Sekiyu KK , the Japanese firm said. ...
Austria's OMV Looks to Sell Turkish Unit Petrol Ofisi
Australia >> 2/12/2016 - Austrian oil group OMV said that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. ...
Europa Awarded New Offshore Ireland Licencing Option
Ireland >> 2/12/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is delighted to announce it has been awarded a new Licensing Option (the ...
Rosneft & BP Obtain Regulatory Approvals to Dissolve the German Ruhr Oel GmbH (ROG) JV
Germany >> 2/12/2016 - Rosneft has obtained the approval to dissolve the Ruhr Oel GmbH (ROG) Joint Venture from the German Federal Ministry of the Economy and Energy (Bundesministerium für Wirtschaft und Energie). Therefore...
Polarcus Extends Bareboat Agreement with SCF Group
Russia >> 2/12/2016 - Polarcus Limited (PLCS) is pleased to announce the three-year extension of the Bareboat Charter Party Agreement (BBCP) for M/V Vyacheslav Tikhonov (the Vessel) between Polarcus Selma Limited (Polarcus...
Aminex Agrees Disposal of 3.825% Interest in Kiliwani North
Tanzania >> 2/11/2016 - Aminex PLC ( Aminex) has reached an agreement with Solo Oil plc (Solo) for the disposal of a final 3.825% interest in the Kiliwani North Development Licence (KNDL) for a cash consideration of $2.16 mi...
Ramba Energy Completes Lemang PSC Farmout to Mandala Energy
Indonesia >> 2/11/2016 - Ramba Energy and Mandala Lemang Singapore have announced that SKKMIGAS approval has been received for the transfer of a 35% interest in the Lemang Production Sharing Contract (PSC) from Hexindo to Man...
Cooper Energy to Sell Indonesian Exploration Permits to Mandala Energy
Indonesia >> 2/10/2016 - Cooper Energy has signed agreements for the sale of its Indonesian exploration assets to Mandala Energy, a South East Asia focused oil and gas exploration and production company, for consideration of ...
Shell to Sell Its 7.59% stake in UK's Maclure Field
United Kingdom >> 2/10/2016 - Nobel Upstream, the independent UK-based exploration and production company, has announced it has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure o...
India's Essar Oil Says Rosneft Stake Buy in Advanced Due Diligence
Russia >> 2/9/2016 - Russia's top oil producer Rosneft is still carrying out due diligence to buy a stake in Essar Oil Ltd, the Indian group which runs India's second biggest private sector refinery said. ...
PA Resources Divests its North Sea Assets to Petrogas
Denmark >> 2/9/2016 - PA Resources AB has signed an agreement to divest its portfolio of North Sea assets to Petrogas E&P. The sale includes the company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tu...
QP & Chevron Strike Exploration Deal Offshore Morocco
Morocco >> 2/8/2016 - Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-wate...
ENGIE to Sell 15-20 billion Euros of Assets
France >> 2/8/2016 - French gas and power group Engie plans to sell 15 to 20 billion euros worth of assets over 2016-18, including 7 billion euros ($7.8 billion) in the short term, French newsletter La Lettre de l'Expansi...
OCB Oilfield Services Acquires 100% of Kuiper International
Australia >> 2/8/2016 - Gulf Capital, one of the leading alternative investment firms in the Middle East, announced today that its portfolio company OCB Oilfield Services, has acquired100 percent of Kuiper International Pte ...
Sound Energy to Acquire Meridja Area
Morocco >> 2/8/2016 - Sound Energy has signed a binding agreement with Oil & Gas Investment Fund S.A.S ("OGIF") whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja permit, onshore Moroc...

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