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Supplier News
WPX Energy Ssells Piceance subsidiary for $910 millionFeb 10, 2016WPX Energy has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter.
Sound Energy to acquire interest in Meridja permit, onshore MoroccoFeb 9, 2016Sound 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
Qatar Petroleum to acquire 30% Chevron's assets in MoroccoFeb 9, 2016Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from
Terra Energy closes minor non-core asset salesFeb 9, 2016Terra Energy Corp. has closed the sale of certain of the Company's minor non-core, P&NG assets in the Mica/Parkland area of the Province of British Columbia for approximately $1.0 million.
Ardyne launches with acquisition of Wellbore ASFeb 9, 2016New oilfield services company Ardyne has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition.
Serinus Energy closes sale of Ukraine interestsFeb 9, 2016Serinus Energy Inc. has closed the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entity actively involved in
Siemens UK & Ireland joins forces with EFC GroupFeb 8, 2016Siemens UK & Ireland has formed a strategic partnership with oil and gas control system company, EFC Group, in a collaboration which promises to deliver innovative,
Schlumberger-Cameron merger receives unconditional clearance from European CommissionFeb 8, 2016Schlumberger Limited and Cameron International Corporation jointly declared that the European Commission has cleared their proposed merger without any conditions
Suncor Energy acquires 72.9% of Canadian Oil Sands sharesFeb 8, 2016Suncor says that approximately 72.9 per cent of Canadian Oil Sands shares (COS) equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer.
Petsec Energy acquires Damis production licenceFeb 8, 2016Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest)
Vertex Energy sells Nevada facility for $35 millionFeb 5, 2016Vertex Energy, Inc. has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors, Inc. for $35 million, of which approximately $14 million was immediately
MX Oil gives details on four Mexican onshore concessionsFeb 5, 2016MX Oil gives details in respect of the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round
Agreement on the sale of transmission assets at Westermost RoughFeb 5, 2016Westermost Rough Ltd (WMR), a wholly owned subsidiary of DONG Energy A/S (50%), the UK Green Investment Bank plc (25%) and Marubeni Corporation (25%) has signed
Africa Oil completes Kenyan farmout deal with Maersk OilFeb 5, 2016Africa Oil Corp. has completed the previously announced farmout with Maersk Olie og Gas A/S (Maersk) related to Kenyan Blocks 10BB, 13T and 10BA.
Enerplus concludes sale of Canadian natural gas propertiesFeb 4, 2016Enerplus Corporation has completed one of the divestments announced January 11, 2016 of certain Canadian natural gas properties for cash proceeds of approximately $183 million,
AltaGas to sell non-core gas assetsFeb 4, 2016AltaGas Ltd. says that its wholly owned subsidiaries, AltaGas Processing Partnership and AltaGas Holdings Inc., have entered into an agreement with Tidewater Midstream and Infrastructure
Rockhopper says Ombrina Mare concession will not be awardedFeb 4, 2016Rockhopper Exploration has been informed by the Ministry of Economic Development that, following the re-introduction of the ban on exploration and production activity within 12 nautical miles
Touchstone closes sale of Kerrobert SaskatchewanFeb 4, 2016Touchstone Exploration Inc. has closed the sale of its Kerrobert facility, infrastructure and associated mineral rights. The disposition had an effective date of December 31, 2015.
Tourmaline Oil Corp. acquires Alberta Deep BasinFeb 4, 2016Tourmaline Oil Corp. has acquired assets for approximately $183 million CDN in the Minehead-Edson-Ansell area of the Alberta Deep Basin, immediately adjacent to one of
Percussion Petroleum forms partnership with Carnelian Energy CapitalFeb 3, 2016Percussion Petroleum, LLC has closed an equity commitment from Carnelian Energy Capital Management, L.P. through Carnelian's fund, Carnelian Energy Capital, L.P.
MX Oil to sell stake in Aje Field, offshore Nigeria, for US$18 millionFeb 3, 2016MX Oil has received a proposal last month for its Nigerian investment in the proven Aje Field offshore Nigeria.The Directors believe a sale of its Nigerian investment
Petromanas Energy to sell Albanian assets to ShellFeb 3, 2016Petromanas Energy Inc. has entered into a Sale and Purchase Agreement with Shell Upstream Albania B.V., a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which
Mosman cancels agreement for acquisition of South Taranaki Energy projectFeb 2, 2016Mosman Oil and Gas Limited declares an update on the proposed acquisition of the South Taranaki Energy Project in New Zealand from Origin Energy Limited and on operations at Murchison.
Shell to sell its shareholding in the Shell Refining Company in MalaysiaFeb 2, 2016Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC)
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