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Acquisitions and Divestitures News

African Petroleum Signs New PSC with Ophir for Block CI-513
Ivory Coast (Cote D'Ivoire) >> 12/21/2015 - African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, has entered into a new Production Sharing Contract (PSC) with Ophir Ene...
INEOS Wins 21 New Shale Gas Licenses in UK
United Kingdom >> 12/17/2015 - INEOS was awarded 21 new shale gas licences as the final part of the UK Government’s 14th licensing round. The company, which is now one of the UK’s biggest shale gas players, was awarded 700,000 acre...
Sinopec Successfully Completed the Acquisition of a 10% Stake in SIBUR
Russia >> 12/17/2015 - SIBUR, Russia's largest gas processing and petrochemicals company, and China Petroleum & Chemical Corporation (Sinopec), a major global petrochemical corporation, announced today the successful comple...
Grupo R Petroleo y Gas Won the Contract for Secadero Block
Mexico >> 12/17/2015 - Grupo R Petroleo y Gas S.A.P.I. de C.V. through its affiliate Grupo R Exploracion y Producion, S.A. de C.V., has been successful in its bid in Round 1's Third Bid for a License Contract for the Extrac...
MX Oil Wins Concessions in Mexican Onshore Bid Round
Mexico >> 12/16/2015 - MX Oil, the AIM quoted oil and gas investing company, together with its partner Geo Estratos, is pleased to announce the joint venture has been successful in its bid for Land Contract Areas in the thi...
Sound Energy Completes Tendrara Farm-In
Morocco >> 12/16/2015 - Sound Energy has announced that the Company's farm in agreement with the Moroccan Oil and Gas Investment Fund in relation to the Tendrara Lakbir Licence, onshore Morocco has now been completed - with ...
Africa Energy Acquires Interests Offshore South Africa
South Africa >> 12/16/2015 - Africa Energy Corp is pleased to announce that, as part of its new corporate strategy, it has executed the following three definitive agreements which will result in the Company acquiring a 90% workin...
Renaissance Oil Awards Three Petroleum Blocks in Mexico
Mexico >> 12/16/2015 - Renaissance Oil Corp. was awarded three petroleum blocks in Call 3 of Round 1 auction of 25 on-shore "Mature Field" petroleum blocks in Mexico. There were 40 other bidders competing in the Mature Fiel...
Mexico to tender licenses to exploit 10 deep-water Gulf areas
Mexico >> 12/16/2015 - Mexico will tender licenses to explore and drill 10 deepwater areas in the Gulf of Mexico as part of a landmark opening of its long-closed oil sector, the country's energy regulator said. ...
Mexico's Oil Auction Beats Expectations Despite Oil Price Plunge
Mexico >> 12/15/2015 - Mexico's oil regulator awarded all 25 contracts on offer, beating expectations despite a dramatic plunge in crude prices, in an auction aimed at boosting new Mexican oil companies after a historic sec...
Rhino Resources Expands African Offshore Portfolio
Comoros >> 12/15/2015 - Rhino Resources has significantly expanded its African footprint with the recent acquisition of two offshore blocks in East Africa and two in West Africa. “Rhino Resources is excited to further grow o...
Submission of Tenders for Five Blocks in Mexico
Mexico >> 12/15/2015 - MX Oil plc is pleased to announce that, together with its partner Geo Estratos, the Company will submit tenders for five Land Contract Areas in the third phase of the Bid Round 1 Licensing for onshore...
China's Sinopec to Pay $1.3 Bln for 10% Stake in Russia's Sibur
Russia >> 12/11/2015 - China Petrochemical Corporation (Sinopec Group) will buy up to 20 percent in Sibur, Russia's top petrochemical company, Igor Artemyev, head of Russian antimonopoly watchdog, told reporters. ...
ConocoPhillips & Chevron Seek to Sell Stakes in South Natuna Sea Block B
Indonesia >> 12/11/2015 - Indonesia has received written requests from U.S.-listed energy giants ConocoPhillips and Chevron Corp to sell their interests in the South Natuna Sea Block B oil and gas block, an energy ministry off...
Byron Secures Multi-Well Farm Out Deal with Otto on GOM Properties
United States >> 12/11/2015 - Byron Energy Limited through its wholly owned subsidiary, Byron Energy Inc has entered into a binding participation agreement (PA) with Otto Energy (Louisiana) LLC, a wholly owned subsidiary of Otto E...
Petrobras Not Considering Libra Area Sale
Brazil >> 12/11/2015 - Brazil's Petroleo Brasileiro SA, or Petrobras, is not considering selling a 10 percent stake in its giant Libra offshore oil prospect at this time, the state-run oil company said. ...
ANP Asks Government to Extend Petrobras' Marlim Field Rights
Brazil >> 12/10/2015 - Brazil's oil industry regulator ANP asked the government to extend the concession to operate the giant Marlim offshore oil field of state-run oil company Petroleo Brasileiro SA that is scheduled to ex...
Brazil Sells 9 of 10 Inactive, Marginal Areas Offered at Auction
Brazil >> 12/10/2015 - Brazil's oil regulator ANP raised 4.25 million reais ($1.12 million) with the sale of nine out of 10 marginal oil-rights concessions it offered at an auction of inactive areas. ...
Soma Oil & Gas Applies for Somalia PSAs
Somalia >> 12/9/2015 - Soma Oil & Gas (Soma), the UK-registered oil and gas exploration company focused on Somalia, announces that, as per the terms of the Seismic Option Agreement (SOA), the company delivered the Explorati...
BP Bolsters West Nile Delta Interest
Egypt >> 12/9/2015 - BP Egypt completes its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The...

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