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Maha Energy: notification from Brazil National Oil Agency of clearance to close acquisition of Operator of Tartaruga field in Brazil

Tuesday, 29 Nov 2016 02:01am EST

Maha Energy Ab : Announces notification from the Brazil National Oil Agency of clearance to close acquisition of the operator of the Tartaruga field in Brazil . ANP confirmed that no additional approvals are required from ANP for Maha to proceed acquisition of 100% of Up Petróleo Brasil Ltda .Has been planning for a workover of SES 107 well on Tartaruga field.

Eni CEO hopes to sell stake in Zohr or Mozambique this year

Thursday, 24 Nov 2016 01:27pm EST

Eni CEO Claudio Descalzi says: hopes to sell stake in either Egypt's Zohr field or Mozambique Area 4 field this year - "let's hope we get a nice present at Christmas, either one or the other" . listing of Versalis chemicals unit cannot be ruled out in the future, right now is not the moment Further company coverage: [ENI.MI] (Reporting by Milan newsroom).

Rosneft-led group agrees to acquire 98 pct in India's Essar Oil

Saturday, 15 Oct 2016 05:55am EDT

ROSNEFT AND INVESTMENT CONSORTIUM OF TRAFIGURA & UCP SIGN AGREEMENTS TO ACQUIRE 98 PCT IN ESSAR OIL ESSAR SAYS TRANSACTION INCLUDES $10.9 BLN FOR ESSAR’S REFINING, RETAIL ASSETS, AND $2 BLN FOR VADINAR PORT, OTHER INFRASTRUCTURE (Mumbai Newsroom) ((+91 22 6180 7200;)) Keywords:.

Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility

Friday, 23 Sep 2016 06:52am EDT

Brookfield Infrastructure Partners LP : Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility . Deal for approximately US$5.2 billion . Petrobras, as a 10% owner in NTS, will have customary governance rights commensurate with size of its interest . Will fund proportionate share of up-front payment from existing liquidity which totalled about US$2 billion at June 30, 2016 . Have reached agreement to acquire a 90% controlling stake in Nova Transportadora Do Sudeste S.A. . Brookfield Infrastructure's investment will be a minimum of approximately 20% of transaction, representing about US$825 million . Brookfield Asset Management has agreed to participate initially for an approximate 30% interest in consortium .Purchase price payable in 2 tranches; up-front payment of us$4.3 billion on closing,balance payable on 5th anniversary of closing.

Turcas Petrol submits and application for privatization tender of two power plants

Monday, 5 Sep 2016 08:19am EDT

Turcas Petrol AS : Submits a pre-qualification application for privatization tender of Almus and Köklüce hydroelectric power plants in Tokat .Power plants have an installed capacity of 117 MW, which are included in group 3 hydroelectric power plant portfolio of Elektrik Üretim AS.

Diamond Offshore says unit received notice of termination from Petroleo Brasileiro

Thursday, 1 Sep 2016 06:25am EDT

Diamond Offshore Drilling Inc : On August 30, 2016, unit received notice of termination from Petroleo Brasileiro S.A. of drilling contract on Ocean Valor . Co does not believe Petrobras had valid/lawful basis for terminating contract, co to defend rights of unit under contract . Drilling contract was estimated to conclude in accordance with its terms in October 2018 - SEC filing Source: (http://bit.ly/2bXomra ) Further company coverage: [DO.N] ((Bangalore.newsroom@thomsonreuters.com;)).

Statoil sees more M&A deals in oil sector in N.American shale and Norway

Monday, 29 Aug 2016 11:07am EDT

John Knight, Statoil's executive vice-president for global strategy and business development, told Reuters on Monday: Asked whether he expected more mergers and acquisitions in the oil sector: "I think there are loads of deals out there." . Says: "If you look at the acquisition and divestment markets for upstream oil and gas on a global basis over the last five years, they have been falling to all-time lows. There's not much activity that's been going on, but the number of active spots, one of those is in certain parts of North American shale and you've seen us divesting some parts there to take advantage of that. And the other part is Norway." Further company coverage: [STL.OL] (Reporting by Stine Jacobsen in Stavanger, editing by Gwladys Fouche) ((gwladys.fouche@thomsonreuters.com;)).

Petrobras CEO expects to make decision on binding offers for BR Distribuidora in Q1 2017

Monday, 29 Aug 2016 07:39am EDT

Petrobras CEO Pedro Parente told reporters on the sidelines of the ONS oil conference in Stavanger, Norway, on Monday: Expects to make decision on binding proposals for BR Distribuidora in Q1 2017. Says: "The binding proposals we assess that we are going to have them by the end of this year and then first quarter next year we will have a decision on this issue." . Says has as not yet received offers for BR Distribuidora (Reporting by Gwladys Fouche and Karolin Schaps) ((gwladys.fouche@thomsonreuters.com;)).

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