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Acquisitions and Divestitures News

Mart Participates to Acquire Onshore Nigerian OML 18
Nigeria >> 10/21/2014 - Mart Resources, Inc is a member of a consortium that has entered into an assignment agreement with The Shell Petroleum Development Company of Nigeria Limited (“SPDC”), Total E&P Nigeria Limited and ...
QEP Sold Its Midstream Business for $2.5 bln to Tesoro
United States >> 10/19/2014 - QEP Resources, Inc. announced that its wholly owned subsidiary, QEP Field Services Company (“Field Services”), has entered into a definitive agreement to sell its midstream business, including the Com...
ANP Blocks Maersk Sale Of Polvo Oilfield Stake To HRT
Brazil >> 10/16/2014 - Brazil's oil regulator ANP rejected the sale of a 40 percent stake in the Polvo offshore oilfield to HRT Participacoes em Petroleo SA by the oil unit of Danish energy and shipping group AP Moeller Mae...
Oryx Acquires 85% Interest in AGC Central License Area
Senegal >> 10/16/2014 - Oryx Petroleum Corporation Limited has acquired an 85% interest in the AGC Central license located in the joint development offshore area between Senegal and Guinea Bissau. ...
JAPEX Acquires Additional Interests in UK North Sea Licences
United Kingdom >> 10/15/2014 - As stated in a press release issued on 25th March 2014, JAPEX UK E&P LIMITED, wholly owned by Japan Petroleum Exploration Co., Ltd. executed a farm-out agreement with Apache North Sea Limited to acqui...
Aminex to sell up to 13% of Kiliwani North Licence
Tanzania >> 10/14/2014 - Aminex PLC (Aminex) is pleased to announce that it has reached a binding agreement to sell up to a 13% interest in the Kiliwani North Development Licence (KNDL) in Tanzania (the ‘Initial Acquisition’)...
UAE Asks Oilfield Bidders for 2-Month Offer Extension
United Arab Emirates >> 10/14/2014 - The United Arab Emirates has asked bidders for its biggest onshore oilfields to extend their offers by two months until Dec. 31, sources familiar with the matter said, as the country considers bringin...
Eco Announces Successful Closing of the Tullow Oil Farm-Out Transaction
Namibia >> 10/14/2014 - Eco (Atlantic) Oil & Gas Ltd is pleased to announce that, through its wholly-owned subsidiary, it has closed the previously announced farm out transaction with Tullow Kudu Limited, a wholly owned subs...
Woodside Acquire 30% in Tilapia PSC
Cameroon >> 10/14/2014 - Woodside advises that it has finalised an agreement with Noble Energy and Glencore to farm in to the Tilapia Production Sharing Contract (PSC) off the coast of Cameroon. ...
Global Energy Sold Llanos Basin Properties
Colombia >> 10/14/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, announces that on 13 October 2014, the Company entered i...
Eni Signs Two New PSC Contracts in Vietnam
Vietnam >> 10/13/2014 - Eni's CEO, Claudio Descalzi, signed with Petrovietnam's President and CEO, Do Van Hau, two Production Sharing Contracts (PSCs) for the exploration of blocks 116 and 124, located off the coast of Vietn...
Clontarf Provides an Update on Ghana Legal Proceedings
Ghana >> 10/13/2014 - The board of Clontarf Energy plc are pleased to report that an agreement has been reached with the Ghanaian authorities on the specific revised co-ordinates of the signed Petroleum Agreement on a lice...
Statoil Sells Shah Deniz Stake to Petronas for $2.25b
Statoil Sells Shah Deniz Stake to Petronas for $2.25b Azerbaijan >> 10/13/2014 - Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, an...
Faroe Completed Acquisition of Operated Interests in UK
United Kingdom >> 10/10/2014 - Faroe Petroleum has completed the previously announced acquisition of a 53.1% operated interest in the Schooner Field and a 60% operated interest in the Ketch Field in the UK Southern North Sea gas ba...
Rose Petroleum Completed Strategic Acquisition
United States >> 10/10/2014 - Rose Petroleum plc, the AIM-listed natural resources company, is pleased to announce that its wholly-owned U.S. subsidiary, Rose Petroleum (Utah) LLC has acquired 100% of the assets of a privately own...
Petrochem Makes Open Offer to Shareholders of Sah Ltd.
United Arab Emirates >> 10/8/2014 - Gulf Petrochem Group has announced that it has made an open offer to acquire 26% of Sah Petroleums Ltd, a leading manufacturer of industrial and automotive oil lubricants in India, from its public sha...
Faroe Awarded New Licensing Options in the Celtic Sea, Ireland
Ireland >> 10/6/2014 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the award...
Dragon Oil in $786m Takeover Talks with Petroceltic
Algeria >> 10/6/2014 - The Board of Petroceltic announces that it is in detailed discussions regarding a possible offer to be made by Dragon Oil plc (Dragon Oil) for the issued, and to be issued, share capital of the Compan...
Kosmos to Buy into Senegal Offshore Blocks for $400m
Senegal >> 10/4/2014 - Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore block...
Lukoil Sells its Stake in Venezuela Project to Rosneft
Venezuela >> 10/3/2014 - Lukoil has sold its 20-percent stake in a consortium developing a large oil project in Venezuela to its Russian peer Rosneft, Kommersant daily reported, citing sources close to the talks. ...

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