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Acquisitions and Divestitures News

Seplat Completes Acquisition of Interest in OML 53
Nigeria >> 2/5/2015 - SEPLAT Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, announces that it has completed the acq...
Kosmos & Chevron Finalize Offshore Mauritania Farm-Out Agreement
Mauritania >> 2/4/2015 - Kosmos Energy has entered into a farm-out agreement with Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation, covering the C8, C12 and C13 contract areas offshore ...
Noble and Delek Will Have to Sell Some Reserves
Noble and Delek Will Have to Sell Some Reserves Israel >> 2/3/2015 - Israel's energy minister said natural gas companies operating offshore Israel will have to sell some of their reserves to avoid being deemed a monopoly, reinforcing a stance against control of the ass...
Solo & Aminex Sign Purchase Agreement for Kiliwani North Licence
Tanzania >> 2/3/2015 - Further to the Company’s 14 October 2014 announcement, regarding a binding agreement to sell up to 13% of Kiliwani North Development Licence (KNDL) to Solo Oil plc (Solo) for a total consideration of ...
Total to Relinquish Papua Exploration Block
Indonesia >> 2/3/2015 - French energy company Total has relinquished its South West Bird's Head exploration block in Papua, an official at Indonesia's energy regulator told Reuters on Tuesday, without giving a reason. Total ...
PA Resources & EnQuest Terminate Farm out Agreements
Tunisia >> 2/2/2015 - In May 2013 PA Resources and EnQuest signed Sale and Purchase Agreements for the transfer of 70% interest in each of the Didon producing oil field and the Zarat Permit to EnQuest. In July 2014, PA and...
Tender Oil & Gas Signs PSC in Senegal
Senegal >> 2/2/2015 - Tender Oil & Gas Casamance (TOG), a Tender Group subsidiary, recently signed a production sharing contract (PSC) with Senegal’s Ministry of Energy and Petrosen - the national oil company of Senegal. W...
Egdon Sell its Interests in 2 Non-Core Licences to UKOG
United Kingdom >> 2/2/2015 - Egdon Resources plc has agreed the sale of its interests in two non-core licences in Southern England to UK Oil & Gas Investments PLC. ...
SacOil Says Could Exit Nigeria Assets
Nigeria >> 2/2/2015 - South Africa's oil and gas explorer SacOil Holdings said on Monday it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and could exit other assets as the price of...
Roxi Provides Update on Proposed Sale of the Galaz Contract Area
Kazakhstan >> 2/2/2015 - Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has updated the market with news of progress concerning the possible sale the Galaz Contract Area in which it holds an...
Murphy Closes Sale of 30% of its Malaysian Oil & Gas Assets to Pertamina
Malaysia >> 1/30/2015 - Murphy Oil Corporation announced that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively Murphy), have closed on the second phase of the sale of ...
BP to Hand Back 2 Exploration Blocks to Indonesia on Risk Concerns
Indonesia >> 1/30/2015 - UK-listed energy giant BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company said. ...
INPEX to Transfer 10% PI in Block R to Santos
Malaysia >> 1/30/2015 - INPEX CORPORATION through its wholly-owned subsidiary, INPEX Offshore South West Sabah, Ltd. , has reached an agreement to transfer 10% of its participating interest in the Deepwater Block R to Santos...
Philips Extends Tender Offer Period to Acquire Volcano
Netherlands Antilles >> 1/29/2015 - Royal Philips and Volcano Corporation announced that Philips’ indirect wholly owned subsidiary Clearwater Merger Sub, Inc. is extending the expiration date for its previously announced tender offer u...
Total Awarded 10% in the New 40-Year ADCO Concession
United Arab Emirates >> 1/29/2015 - Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC), granti...
Conclusion of Formal Sale Process & Operational Update
Russia >> 1/27/2015 - Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Boa...
Petro-Victory Energy Dispute with President Energy
Paraguay >> 1/23/2015 - Petro-Victory Energy Corp. has received two notices of default from President Energy PLC, the Operator of the Pirity Concession, both of which the Company disputes. If the issues cannot be resolved by...
Egypt Signed 3 New Agreements with $ 47m
Egypt Signed 3 New Agreements with $ 47m Egypt >> 1/22/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources, Signed three new agreements to explore for oil and natural gas in the regions of Western Desert and the Nile Delta, with the Tunisian C...
Tethys Provides an Update in Kazakhstan
Kazakhstan >> 1/22/2015 - Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. ...
Faroe Petroleum Awarded 5 New licences in Norway
Norway >> 1/21/2015 - Faroe Petroleum has been awarded five new prospective exploration licences, including one operatorship, under the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Contin...

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