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Acquisitions and Divestitures News

PA Resources to Sell Entire Licence Interests to ETAP
Tunisia >> 5/9/2016 - PA Resources AB through its wholly owned subsidiaries, PA Resources Tunisia Limited, Hydrocarbures Tunisie Didon Limited, Hydrocarbures Didon Jersey Limited and Hydrocarbures Tunisie Corporation, have...
Entek Energy Exits Gulf of Mexico
United States >> 5/9/2016 - Entek Energy Limited has entered into an agreement with Peregrine Oil & Gas, LP to sell the Company’s entire Gulf of Mexico portfolio. These interests comprise Entek’s respective 38% and 25% interests...
Sterling Completed Withdrawal from Ambilobe Block
Madagascar >> 5/9/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that, following its previous announcement of 28 April 2016, its wholly owned subsidiary, Sterling Energy (UK) Limited has...
ICOFC Privatizes $11bn Production & Development Projects
Iran >> 5/8/2016 - According to ICOFC Public Relations Managing Director of Iranian Central Oil Fields Company (ICOFC) Salbali Karimi says the company has privatized 11 billion dollar worth of production and development...
AWE Sells Lengo for up to A$27.5 million
Indonesia >> 5/5/2016 - AWE has entered into an agreement to sell its 42.5% interest in the Bulu PSC to a 100% owned subsidiary of HyOil for cash consideration of up to A$27.5 million, subject to Indonesian government approv...
Primeline Enters Second Phase Of 33/07 Exploration
China >> 5/5/2016 - Primeline Energy Holdings Inc. (PEH) has agreed with China National Offshore Oil Corp. (“CNOOC”) that it will enter the next and second phase of exploration commitment under the Petroleum Contract for...
Newfield to Acquire Additional Acres in Anadarko Basin for $470m
United States >> 5/5/2016 - Newfield Exploration Company signed a definitive purchase and sale agreement with a subsidiary of Chesapeake Energy Corporation to acquire approximately 42,000 net acres in the Anadarko Basin STACK pl...
Approval of 4 Year Extension to Mahakam Hilir PSC Permit Term
Indonesia >> 5/4/2016 - Cue Energy Resources Ltd (CUE) is pleased to advise that it has been notified by SKK Migas of the approval of its request for a four year extension to the exploration period of the Mahakam Hilir PSC u...
Kosmos Energy Finalizes Suriname Farm-Out with Hess Corporation
Suriname >> 5/3/2016 - Kosmos Energy has entered into a farm-out agreement with Hess Suriname Exploration Limited, a wholly-owned subsidiary of the Hess Corporation, covering the Block 42 contract area offshore Suriname. Un...
Statoil to Increase Its Ownership in Lundin Petroleum
United Kingdom >> 5/3/2016 - Statoil ASA has entered into an agreement with Lundin Petroleum AB to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. ...
Statoil Divests Assets in the Marcellus
United States >> 5/2/2016 - Statoil has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash. This divestment of non-core assets comprises approximately 62,500 ...
Skyland Acquires 20% Interest in Potential Production Project in Georgia
Georgia >> 4/29/2016 - Skyland Petroleum Limited (SKP) is pleased to announce the completion of its acquisition of a 20% interest in the Block XIG Production Sharing Contract ('PSC') in the Republic of Georgia. ...
Eni Makes Progress on $8 Bln Asset Sales Goal
Eni Makes Progress on $8 Bln Asset Sales Goal Egypt >> 4/29/2016 - Italy's Eni is well on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile projects in Egypt and Mozambique and offset the impact...
Sterling Withdraws from Ambilobe Block
Madagascar >> 4/28/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that its wholly owned subsidiary, Sterling Energy (UK) Limited, has issued a notice of withdrawal from the Ambilobe block...
ANP Extending the Deadline for Consultation of Interest for the 16 Areas with Marginal Accumulations
Brazil >> 4/28/2016 - Due to the large number of requests, the date for the ANP of interest query schedule for 16 areas with marginal accumulations was postponed to May 4, and its realization was extended until the 18th of...
Cambodia's Ministry Terminates Agreement for Offshore Block D
Cambodia >> 4/28/2016 - We refer to our annual report dated 1 April 2016, and full year results announcements dated 29 February 2016 and 23 March 2016; as well as the announcement dated 6 August 2015 in relation to Cambodia ...
Gazprom Neft Extends Licence for Developing the Novoportovskoye Field to 2150
Russia >> 4/27/2016 - Gazpromneft Yamal LLC has successfully extended its licence for the development of the Novoportovskoye field. The Federal Subsoil Resources Management Agency (Rosnedra) extended this Gazprom Neft subs...
Parex Resources Executes Two Farm-in Agreements with Ecopetrol
Colombia >> 4/27/2016 - Parex Resources Inc. is pleased to announce the execution of two formal binding agreements with Ecopetrol S.A. whereby Parex will farm-in to operate and earn a 50% working interest in the De Mares and...
Lansdowne Relinquishes Celtic Sea Licences SEL 5/07 & SEL 5/08
Ireland >> 4/26/2016 - Lansdowne Oil & Gas, the independent oil and gas company focussed on offshore Ireland, provides an update on Lansdowne's licences in the Celtic Sea offshore the south coast of Ireland. ...
Husky Energy to Sell Partial Interest in Select Midstream Assets for $1.7 Billion
Canada >> 4/25/2016 - Husky Energy (HSE) has reached an agreement under which 65 percent of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan will be sold to Cheung Ko...

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