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Acquisitions and Divestitures News

Woodside Acquires Exploration Acreage in Gabon
Gabon >> 8/11/2014 - Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin. ...
PTTEP Signs PSC for Block MOGE 3 Onshore Myanmar
Myanmar >> 8/8/2014 - PTT Exploration and Production Public Company Limited, or PTTEP, wishes to announce that, on 8 August 2014, the consortium consisting of PTTEP South Asia Limited (PTTEP SA), a subsidiary of PTTEP, Pal...
MEO to Sell Tassie Shoal Projects Offshore Northern Australia
Australia >> 8/7/2014 - MEO Australia Limited, is pleased to announce an initiative to realise value from its strategic Tassie Shoal Methanol and LNG projects proposed for offshore Northern Australia. The decision to pursue ...
Pacific Entered into Agreements Restructuring of Kazakhstan Asset Acquisition
Kazakhstan >> 8/5/2014 - Pacific Energy Development, an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today announced that it has entered into a series of agree...
AziNam Increases 10% Interest in Blocks 2111B and 2211A
Namibia >> 8/5/2014 - AziNam Ltd has secured an additional 10% working interest position in Blocks 2111B and 2211A, the “Guy Block”, from Eco (Atlantic) Oil & Gas. ...
Serica Completes Farm out to UK East Irish Sea Blocks
United Kingdom >> 8/5/2014 - Serica Energy plc has completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited ("HRL"). ...
NDPR Executes Omerelu Farm out Agreement
Nigeria >> 8/4/2014 - The Omerelu Farm Out Agreement between Niger Delta Petroleum Resources Ltd (NDPR) and the NNPC/Chevron JV has been executed by all parties. ...
Aramco, Sumitomo to Transfer Rabigh II to Petrorabigh
Aramco, Sumitomo to Transfer Rabigh II to Petrorabigh Saudi Arabia >> 8/3/2014 - Saudi Aramco and Sumitomo Chemical will transfer ownership of a planned 32 billion riyal ($8.5 billion) petrochemical facility to their joint venture PetroRabigh, the venture said. ...
Completion of Acquisition of Interests in three UK Producing Oil Fields
United Kingdom >> 8/1/2014 - Ithaca Energy Inc is pleased to report that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporat...
Ocean Mineral Clears Next Step for Seabed Exploration
Singapore >> 8/1/2014 - Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence. ...
Andes Awarded 3 Discovered Oil Fields in Colombia
Colombia >> 8/1/2014 - The Board of Andes is pleased to announce, as part of the Colombia bidding round 2014, the preliminary award of three undeveloped fields with conventional oil discoveries, located in the Llanos basin ...
Venezuela Seeks Buyer for Citgo Petroleum Refinery
United States >> 7/31/2014 - Petroleos de Venezuela SA is seeking a buyer for Citgo Petroleum Corp., its U.S. refining and marketing company, in a deal that may be worth as much as $15 billion. ...
Eni Signs PSCs for the Exploration of Two Onshore Blocks
Myanmar >> 7/31/2014 - Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed in Nay Pyi Taw in presence of the Country’s Energy Ministry, two Pr...
Murphy Announces Milford Haven Refinery Sales Agreement
United Kingdom >> 7/31/2014 - Murphy Oil Corporation through its wholly-owned subsidiary, Murco Petroleum Limited, has signed an agreement to sell its Milford Haven refinery and terminal assets to Klesch Refinery, Ltd. Pending re...
Results of the 2013 Deep Water Competitive Bid Round
Trinidad and Tobago >> 7/30/2014 - The Ministry of Energy and Energy Affairs (MEEA) is pleased to announce the names of the companies who were successful in 2013 Deepwater Competitive Bid Round. The blocks and the successful bidders ar...
President Provides Puesto Guardian Acquisition Update
Argentina >> 7/30/2014 - Highlights ...
New Zealand Receives Copper Moki Mining Permit
New Zealand >> 7/29/2014 - New Zealand Energy Corp. has been granted a 943.7 acre (3.819 km2) Petroleum Mining Permit ("Copper Moki Mining Permit") in the Taranaki Basin. The Copper Moki Mining Permit (PMP 55491) has been carve...
Eco Receives Parliamentary Approval for Oil Block Offshore Ghana
Ghana >> 7/29/2014 - Eco (Atlantic) Oil & Gas Ltd. (Eco Atlantic) is pleased to announce that the Parliament of the Republic of Ghana has ratified a petroleum agreement pursuant to which the Company may acquire a 50.51% i...
Drillsearch, Beach to Expand Cooper Basin Oil Partnership with ATP 924P
Australia >> 7/28/2014 - Drillsearch Energy Limited has executed an agreement with Beach Energy Limited for Beach to farm in to its ATP 924P oil and gas exploration permit in the south west Queensland section of the Cooper Ba...
Sale of UK Assets for £1.5 million
United Kingdom >> 7/24/2014 - Northern Petroleum has signed sale and purchase agreements to sell the Company's interests in all of its UK licences and assets for £1.5 million to UK Oil & Gas Investments PLC ("UKOG"). Completion of...

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