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August 2016

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PDC Energy to acquire two US companies for $1.5bn 24 August 2016 US-based PDC Energy has signed agreements to acquire two companies managed by Kimmeridge Energy for approximately $1.5bn. ...

Mexico approves second open bid for 12 onshore oil and gas fields 24 August 2016 Mexico has launched the second open bid process for 12 onshore oil and gas fields for next...

GA-EMS to install electrostatic separator system at S-Oil’s Onsan refinery 24 August 2016 General Atomics Electromagnetic Systems (GA-EMS) will supply a 16-module Gulftronic Electrostatic Separator system for S-Oil’s Onsan refinery in the Republic of...

Rex Energy completes sale of Illinois Basin assets in US 23 August 2016 US-based Rex Energy completed the previously announced sale of its Illinois Basin assets to Campbell Development Group for $40m....

Blast at Rompetrol’s Petromedia refinery kills one and injures four 23 August 2016 A blast that occurred at Rompetrol’s Petromedia refinery in Romania has claimed the life of one person and injured four...

GeoPark tests Jacana 5 appraisal well in Jacana oil field, Colombia 23 August 2016 Latin American oil and gas exploration and production firm GeoPark has successfully tested the Jacana 5 appraisal well in the Jacana oil field located within the Llanos 34 block,...

Armour Energy restarts oil production from Emu Apple oil field in Queensland 22 August 2016 Armour Energy has restarted oil production from the Emu Apple oil field located in the Roma shelf in Queensland,...

Egdon to acquire additional 20% interest in licence PEDL068 22 August 2016 UK-based Egdon Resources has signed an agreement to acquire an additional 20% interest from DESS Energy in petroleum exploration and production licence PEDL068, located in the Cleveland Basin...

Alberta Oilsands to acquire Marquee Energy 22 August 2016 Alberta Oilsands (AOS) has signed an agreement to acquire Canadian-based Marquee Energy, pursuant to a plan of...

M&As this week: Europa Oil & Gas, Xylem 19 August 2016 Europa Oil & Gas (Holdings) plc has spent $1.29m to acquire Shale Petroleum (UK) Limited from Shale Petroleum Ltd...

Continental Resources to sell US properties for $222m 19 August 2016 Continental Resources has signed an agreement to sell its non-strategic properties in North Dakota and Montana, US, to an undisclosed firm for $222m....

Deals this week: Enerflex, Parsley Energy, Saturn Minerals 19 August 2016 Enerflex Ltd intends to raise approximately $77m through the issuance of 7,785,000 shares priced at $9.93...

Federated Co-Operatives’ Canadian refinery to use GE’s water recycling technology 19 August 2016 Federated Co-Operatives’ Co-op Refinery Complex in Regina, Saskatchewan, Canada, will install GE’s new water recycling technology for a wastewater improvement...

Report: Asia to lead as refinery industry projected to surge to more than 100mbd by 2020 19 August 2016 The global refinery industry is forecasted to increase at a robust growth rate of 16.7% by 2020, increasing to 115.3 million barrels a day (mbd) from 98.8mbd in 2016, says a GlobalData...

Nostra Terra completes sale of 20% stake in Chisholm Trail prospect in US 18 August 2016 Nostra Terra has completed the previously announced sale of a 20% interest in the Chisholm Trail prospect in Oklahoma, US, operated by Ward Petroleum, to Staghorn...

UK firm Sparrows Group and French-based Spie form oilfield services alliance 18 August 2016 UK-based Sparrows Group and French company Spie Oil & Gas Services have signed an agreement to collaborate in a bid to support the energy...

Gunvor Group secures $200m financing to develop upgrade facilities 18 August 2016 Swiss-based commodity trading company Gunvor Group’s subsidiary Gunvor Petroleum Rotterdam has secured a project financing of $200m for the development and infrastructural upgrade of its facilities....

ENOC unveils new growth strategy to serve Dubai’s energy needs 17 August 2016 Dubai Government-owned Emirates National Oil Company (ENOC) has unveiled a new five-year growth strategy aimed at serving the country’s growing energy...

Sonatrach, PTTEP and CNOOC complete drilling campaign in Algeria’s Hassi Bir Rekaiz permits 17 August 2016 Sonatrach and its partners PTT Exploration and Production (PTTEP) along with CNOOC in China have completed a drilling campaign within the Hassi Bir Rekaiz permits in...

Beach Energy sells Beach Petroleum Egypt to Rockhopper 17 August 2016 Beach Energy has completed the previously announced sale of Beach Petroleum Egypt to Rockhopper Exploration for...

Concho to acquire Midland Basin assets in US from Reliance Energy for $1.625bn 16 August 2016 Concho Resources has signed an agreement to acquire approximately 40,000 net acres in the core of the Midland Basin, US, from Reliance Energy in a deal valued at $1.625bn....