Acquisitions and Divestitures News in Turkey

Azerbaijan’s GL Group acquires 25% stake in a Natural Gas Development Project in Türkiye
10/18/2024 - GL Group, the first privately owned group of energy companies in Azerbaijan, is making its first international strategic move, with its entry into the upstream natural gas business in Türkiye. This ma...
Trillion Energy Announces Year Ended - December 31 2023 Financial Results
4/30/2024 - Trillion Energy International Inc. ("Trillion", or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to report operating and condensed financial results for the year ended December ...
Sercel Announces First Commercial Sale of its New 528 Land Acquisition System
4/10/2024 - Sercel has announced the first major sale of its next-generation 528™ cable-based land acquisition system to the Turkish Petroleum International Corporation (TPIC).

The client will deploy t...
Vitol-Owned Petrol Ofisi Agrees to Purchase BP’s Turkish Fuel Operations
11/16/2023 - bp has reached an agreement to sell its shares in BP Turkey Refining Limited and BP Petrolleri A.S. to Petrol Ofisi, owned by Vitol, for an undisclosed sum. The deal is subject to certain conditions p...
Galaxie to Sell Assets of Major Spiral Welded Steel Pipe Producer in Turkey
8/22/2023 - Emek Boru, a large spiral welded steel pipe producer for the oil, gas, construction, water, and waste transmission industries, is selling all of its major assets at its plant in Ankara, Turkey. Emek B...
Trillion Energy Farms into Oil Exploration Blocks in S.E. Turkiye
7/31/2023 - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce it has entered into a farm-in agreement with Derkim Poliüretan Sanayi...
Shearwater Recycles Western Trident as Part of Its Fleet Renewal Strategy
6/10/2021 - GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") has completed the sale of the seismic vessel Western Trident for recycling as part of the compan...
Hallow Gas Business Sale Closed
5/26/2021 - Valeura Energy Inc., an upstream oil and gas company with assets in the Thrace Basin of Turkey, is pleased to announce the closing of its sale of its shallow conventional gas business to TBNG Limited....
Valeura Energy Announces Government Approval of Shallow Gas Business Sale
5/7/2021 - Valeura Energy Inc. (VLU) ("Valeura"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, is pleased to announce that all Turkish government consents required to proceed to clo...
Valeura Energy Revised Outside Date for Shallow Gas Business Sale
4/15/2021 -  Valeura Energy Inc. (VLU) (“Valeura”) has agreed with TBNG Limited (the “Buyer”) to amend the long stop date (the “Outside Date”) for the completion of the previously announced sale of its shallow co...
UKOG Announces Formal Government Consent for Turkish Resan License
1/15/2021 - UK Oil & Gas PLC (UKOG) is delighted to announce that the Company's wholly owned subsidiary, UKOG Turkey Ltd, has received notice that formal government consent for the Company's acquisition of a 50% ...
Valeura Energy to Sell Shallow Conventional Assets for up to $18M
10/20/2020 - Valeura Energy Inc., an upstream natural gas company with assets in the Thrace Basin of Turkey, has executed a Share Purchase Agreement to sell its producing shallow conventional gas business to TBNG ...
UKOG Enters into Potential High Impact Turkish Oil Appraisal & Exploration Project
7/23/2020 - UK Oil & Gas PLC has signed a binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated ...
Equinor Exits Valeura Energy's Thrace Basin Deep Gas Appraisal Program
2/4/2020 - Valeura Energy Inc., the upstream natural gas producer focused on the Thrace Basin of Turkey, provides an update on partner participation in its deep gas appraisal programme. ...
TransAtlantic Petroleum to Sell Thrace Basin Natural Gas subsidiary to Valeura Energy
10/16/2016 - TransAtlantic Petroleum has entered into a share purchase agreement with Valeura Energy for the sale of its wholly-owned subsidiary, Thrace Basin Natural Gas (Turkiye) Corp ('TBNG'). ...
Extension of Contract to Acquire Turkish Oil and Gas Production Companies
10/11/2016 - Park Place Energy Inc. (PKPL) previously announced it had entered into an agreement to purchase three oil and gas exploration and production companies operating in Turkey. The "Tiway Companies" own in...
Valeura Executes Definitive Agreements for Statoil Farm-in on Banarli Licences
8/19/2016 - Valeura Energy Inc. is pleased to announce that its wholly-owned affiliate, Corporate Resources B.V. ("CRBV") (collectively "Valeura") has executed the definitive transaction documents (the "Definitiv...
Statoil Farms into Turkey Onshore Acreage
5/16/2016 - Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licence...
TransAtlantic Entered into a JV Agreement in Turkey
TransAtlantic Entered into a JV Agreement in Turkey 2/18/2014 - TransAtlantic Petroleum Ltd. (TAT) has entered into a farmout agreement with Onshore Petroleum Company AS (Onshore), a private oil and gas company based in Oslo, Norway. ...
GDF SUEZ Joins Nabucco West Gas Pipeline Project
GDF SUEZ Joins Nabucco West Gas Pipeline Project 5/28/2013 - GDF SUEZ has signed an agreement with OMV Gas and Power, Austrian energy group to purchase a ca. 9% share in the Nabucco West gas pipeline project, which will connect Turkey and Austria. The aim of th...

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