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Mergers & Acquisitions
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)
Premier Oil updates on acquisition of E.ON's UK North Sea assetsFeb 2, 2016On 13 January 2016, Premier had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus completion adjustments. The proposed acquisition, which will be funded from
Cub Energy to increase ownership interest in KUBGAS up to 40%Feb 2, 2016Cub Energy Inc. says that pursuant to a letter agreement between the Company's wholly-owned subsidiary, Gastek LLC (Gastek), and Resano Trading Ltd (Resano), Gastek has revoked its notice to
Americas Petrogas acquires additional 30% interest in Bayovar ConcessionFeb 2, 2016Americas Petrogas Inc., through its Peruvian subsidiary, has acquired an additional 30% beneficial interest in the Bayovar mineral concessions 5, 6, 7 and 8 (the "Bayovar Concessions")
Statoil to explore offshore UruguayFeb 2, 2016Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200 kilometres off the coast of Uruguay. It covers an area of 6,690 square kilometres in water depths of 1,850 to 3,500 metres.
Sterling Energy withdraws from Block C-3, MauritaniaFeb 1, 2016Sterling Energy says that its wholly owned subsidiary Sterling Energy Mauritania Limited has submitted a notice of withdrawal to its joint venture partners in relation to Block C-3, offshore Mauritania.
Polymer aerogel technology targets oil and gas pipeline applicationsFeb 1, 2016Collaboration between US company Blueshift, the University of Strathclyde and the Oil & Gas Innovation Centre (OGIC) has helped to accelerate the development of a new aerogel product
Enbridge acquires Montney natural gas assets from Murphy Oil Corp.Jan 29, 2016Enbridge Inc. agrees the $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from the Canadian subsidiary of Murphy Oil Corporation (Murphy).
Independent Oil and Gas confirms extension of Skipper licenceJan 29, 2016Independent Oil and Gas says that following discussions with the UK Oil & Gas Authority, the Skipper Licence P1609 Block 9/21a has been formally extended until 31 December 2016.
GE Oil & Gas launches pilot program with BP and partnership with ParadigmJan 29, 2016GE Oil & Gas declared the creation of its new Oil & Gas Digital Solutions business, appointing Matthias Heilmann as head of the organization and Chief Digital Officer.
Carnarvon Petroleum secures 35% stake in Retention License TR/3Jan 28, 2016Carnarvon Petroleum Limited has secured a 35 percent interest in retention license TR/3 offshore Western Australia, containing the previously discovered Blencathra oil resource, WA-155-P
Shell shareholders vote in favour of the recommended combination between Shell and BGJan 28, 2016Royal Dutch Shell plc declares the poll result from General Meeting held at the Circustheater, Circusstraat 4, 2586 CW, The Hague, The Netherlands.
Proteafurther delivers its first Man-Riding winchJan 28, 2016Protea has further expanded its product range with the delivery of its first winch certified for man-riding operations for installation on the Maersk Gallant Jack-up rig.
AWE sells US Shale assets for $190 millionJan 28, 2016AWE Limited has entered into an agreement to sell its 10% working interest in the Sugarloaf Area of Mutual Interest (AMI) to Carrier Energy Partners II, LLC (CEP II), for cash
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