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Acquisitions and Divestitures News

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. ...
Geopark Acquires the Morona Block in Peru
Peru >> 10/2/2014 - GeoPark Limited has executed a Joint Investment Agreement and Joint Operating Agreement with Petroleos del Peru S.A. (“Petroperu”) to acquire an interest in and operate the Morona Block located in nor...
Vanoil Commences International Arbitration Against the Government of Kenya
Kenya >> 10/1/2014 - Vanoil Energy Ltd. (Vanoil) has commenced an international arbitration against the Government of Kenya ( the "Respondent"). This action has been filed to resolve a dispute arising from the Respondent'...
Dragon Oil Awarded Exploration Blocks in Algeria
Dragon Oil Awarded Exploration Blocks in Algeria Algeria >> 10/1/2014 - Dragon Oil in partnership with ENEL Trade S.p.A. ("Enel") has been awarded two exploration blocks ("perimeters") in Algeria, Tinrhert Nord Perimeter and Msari Akabli Perimeter. ...
Statoil & Shell Awarded Timissit Licence in Algeria
Statoil & Shell Awarded Timissit Licence in Algeria Algeria >> 9/30/2014 - The licence is located in southeastern Algeria and covers an area of 2730 square kilometres. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold ...
Algeria Awards 4 Out of 31 Oil, Gas Blocks on Offer
Algeria >> 9/30/2014 - Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.
Enagas Joins TAP & Fluxys Increases its Shareholding
Enagas Joins TAP & Fluxys Increases its Shareholding Azerbaijan >> 9/30/2014 - Enagas has joined Trans Adriatic Pipeline as a new shareholder with a 16% stake in Trans Adriatic Pipeline AG company. In addition, existing shareholder Fluxys has increased its stake in TAP from 16% ...
Murphy Oil Announces Sell down of Malaysian Assets
Malaysia >> 9/30/2014 - Murphy Oil Corporation announced that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"), have entered into an agreement with PT Pertami...
UAE's Dana Gas Wins Gas Exploration Deals in Egypt
UAE's Dana Gas Wins Gas Exploration Deals in Egypt Egypt >> 9/29/2014 - Dana Gas Egypt, has been awarded the North El Salhiya (Block 1) and El Matariya (Block 3) onshore Concessions in the Nile Delta as part of the 2014 EGAS bidding round held recently in Egypt. ...
France's Total Wins Egypt Gas Exploration Licence
Egypt >> 9/29/2014 - French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (EGAS) said. ...
The Gabriella License Expired
Israel >> 9/29/2014 - Brownstone Energy Inc. has been informed by its joint venture partners on the Gabriella License that the Petroleum Commissioner in the Ministry of National Infrastructure, Energy and Water of the Stat...
Swala Refers Dispute with CEPSA over Block 12B to Arbitration
Kenya >> 9/29/2014 - Swala Energy Limited (Swala) advises that its wholly-owned subsidiary, Swala Energy (Kenya) Limited (Swala Kenya), has referred to arbitration a dispute with CEPSA Kenya Limited (CEPSA) in connection ...
Lundin Petroleum Acquires Interest in PM328
Malaysia >> 9/25/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Malaysia B.V. is pleased to announce that it has entered into agreements to acquire a 50 percent interest in PM328, and operatorship of t...
Eni Awarded 3 New Exploration Licenses in Egypt
Egypt >> 9/25/2014 - Italian oil major Eni said it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa. ...
Recent Important Achievements in Egypt
Egypt >> 9/24/2014 - Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said. The agreements cover seven exploration areas. Germany...
CAMAC Initiated with a Buy at Aegis Capital Corp
Nigeria >> 9/23/2014 - Aegis Capital Corp. is initiating coverage on CAMAC Energy, Inc. with a Buy rating and a 12-month price target of $1.00 per share. CAMAC Energy is an independent oil exploration and production company...
PTTEP Acquires Shell's Interest in Deepwater BM-ES-23
Brazil >> 9/22/2014 - PTTEP Brazil Investments in Oil and Gas Exploration and Production Limitada (PTTEP BL), a subsidiary of PTTEP, has entered into an agreement to acquire a total 20% participating interest from Shell Br...
Saexploration Awarded $40m New Project
Brazil >> 9/22/2014 - SAExploration Holdings, Inc. announced a project award extension for an existing contract in Alaska and three new project awards for logistical support and seismic data acquisition services in Alaska ...

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