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Acquisitions and Divestitures News

Marathon Oil Signs Agreement for Divestiture of GOM Assets
United States >> 11/9/2015 - Marathon Oil Corporation has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fiel...
Rosneft Offers Japan Chance to Join East Siberia & Far East Projects
Russia >> 11/8/2015 - Russia's Rosneft, the world's top listed oil producer by output, has offered Japanese companies a chance to join projects in Russia's East Siberia and Far East, Chief Executive Igor Sechin said. ...
Iran Says Oil Firms Need Local Partners
Iran >> 11/7/2015 - Iran says its new format of oil sector contracts requires foreign companies to form partnerships with local firms over the projects they plan to take up in the country. ...
Tellus Petroleum AS Acquires 15 % of the Gina Krog Unit from Total
Norway >> 11/7/2015 - Tellus Petroleum AS, a subsidiary of Sequa Petroleum N.V., is pleased to announce that the company has entered into an agreement with Total E&P Norge AS to purchase 30 % interests in PL 029 B, 14.78 %...
Completion of Acquisition of Interests in UK Blane & Enoch Fields
United Kingdom >> 11/6/2015 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the UK and Norway, is pleased to announce that it has completed the ...
Soco Says no Longer Holds Congo Block Permit
Congo, Democratic Republic (Zaire) >> 11/3/2015 - Soco International no longer holds the exploration licence for the area in the Democratic Republic of Congo's national park where it pulled out of last year following environemntal protests. Soco cond...
Iran & Russia to Negotiate Oil, Gas Swap
Iran >> 11/2/2015 - A delegation from a major Russian oil company is scheduled to visit Tehran in near future for negotiations on swap of oil and gas, Deputy Petroleum Minister for International Affairs Amir-Hossein Zama...
Noreco Provides Update on Huntington Licence
Norway >> 11/2/2015 - Norwegian Energy Company ASA (Noreco) reports that its UK subsidiary, Noreco Oil UK, has been served a notice of default (the Notice) under the Joint Operating Agreement (JOA) governing the Huntington...
Nexans Sells its Argentinean Activities to a Local Player
Argentina >> 11/2/2015 - Nexans has reached a definitive agreement to sell its Argentinean operations and expects to close this transaction by the end of November 2015, subject to customary closing conditions.
Shell Completes Two Downstream Divestments
China >> 11/1/2015 - Royal Dutch Shell plc (Shell) announced the completion of two divestments from its global downstream portfolio. ...
Ecuador Talking to Occidental to Resolve Oil Assets Seizure
Ecuador >> 10/31/2015 - Ecuador is in talks with Occidental Petroleum Corp to seek an agreement over a roughly $1.77 billion award the Andean country was ordered to pay for seizing the U.S.-based company's assets in 2006, Pr...
Sasol & ENH Awarded 2 Blocks in Mozambique
Mozambique >> 10/30/2015 - Sasol has confirmed that two of its three applications in Mozambique’s 5th Licensing Round were successful. Sasol (70% interest, operator) and Empresa Nacional de Hidrocarbonetos (ENH), the state oil ...
Octant Energy Acquires Assets in Tanzania and Kenya
Kenya >> 10/30/2015 - Octant Energy Corp. (Octant) has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania (the "Proposed Tran...
Genel Energy Sells 20% Interest in Chia Surkh
Iraq >> 10/29/2015 - Genel Energy sells 20% participating interest in the Chia Surkh Production Sharing Contract (‘PSC’) to Petoil. As consideration for the sale of the 20% interest, Petoil will carry Genel’s share of ...
Rosneft & ExxonMobil Win 3 Blocks in Mozambique License Round
Mozambique >> 10/29/2015 - RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic o...
Statoil to Explore Offshore South Africa
South Africa >> 10/29/2015 - Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Ri...
Bashneft to Transfer Control over a Number of Its Assets
Russia >> 10/29/2015 - The Board of Directors of PJSOC Bashneft has adopted resolutions aimed at streamlining the Company's corporate structure and transferring control over a number of its assets under Russian jurisdiction...
Delonex Energy Wins Block P5-A in Mozambique 5th Licence Round
Mozambique >> 10/28/2015 - The Institute of National Petroleum (INP) announced that Delonex Energy (as Operator) and its partner India Oil Corporation (IOC) have been awarded block P5-A in the Mozambique 5th Licensing Round and...
Kazakh Fund Signs Loan for up to $1.5 bln to Buy Stake in Kashagan Oilfield
Kazakhstan >> 10/27/2015 - Kazakh sovereign wealth fund Samruk-Kazyna said it had signed a five-year syndicated loan worth up to $1.5 billion to buy half of Kazmunaigas's 16.8 percent stake in the Kashagan oilfield.
Galp Acquires Block 6 at Sao Tome & Principe
Sao Tome and Principe >> 10/27/2015 - Galp Energia, SGPS, S.A informs that an agreement has been reached between the Government of Sao Tome and Principe, Galp Energia and Kosmos Energy for the award of Block 6 offshore Sao Tomé and Princi...

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