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Acquisitions and Divestitures News

Altona Energy Signs Agreement on the Arckaringa JV
Australia >> 11/14/2014 - AIM-listed Altona Energy has announced that Altona, Sino-Aus Energy Group and Wintask Group (together the 'JV Partners') have signed an agreement in respect of the terms of the Arckaringa project join...
Statoil to Withdraw from PetroFrontier's Georgina Permits
Australia >> 11/14/2014 - Baraka Energy & Resources has advised that Statoil Australia Theta has informed Baraka that it has concluded the drilling and testing campaign on the Company’s permits, EP127 and EP128 in the Georgina...
Genel Acquires 36% Stake in Bina Bawi from OMV
Genel Acquires 36% Stake in Bina Bawi from OMV Iraq >> 11/13/2014 - Genel Energy plc is pleased to announce that it has reached an agreement with the Ministry of Natural Resources (MNR) of the Kurdistan Regional Government (“KRG”) for the development of the Miran and ...
PA Resources Receives Provisional Licence Award in UK 28th Round
United Kingdom >> 11/13/2014 - PA Resources has been successful in the UK’s 28th Seaward Licensing Round and has been provisionally awarded Blocks 22/18c and 22/19d as part of a group comprising of PA Resources (25 percent), E.On (...
Petrobras Completes Sale of Assets in Peru to CNPC
Peru >> 11/12/2014 - Petrobras completed the sale of 100% of the shares of its wholly-owned subsidiary Petrobras Energia Peru (PEP) to the China National Petroleum Corporation (CNPC), for the sum of US$2.6 billion. The sa...
Partial Disposal of Kiliwani North Development Licence
Tanzania >> 11/12/2014 - Following Aminex’s announcement on 14 October 2014 that it had signed binding, conditional heads of terms with Solo Oil PLC (Solo) for the sale to Solo of up to 13% of in the Kiliwani North Developmen...
Transferring of a 51% Working Interest of East Jabung PSC
Indonesia >> 11/11/2014 - The transaction is subject only to Government of Indonesia approval and is anticipated to close upon the receipt of this approval, anticipated approximately March 2015. ...
CYGAM Announces Status of the Sud Tozeur Permit Sale Process
Tunisia >> 11/10/2014 - CYGAM Energy Inc has received a revised proposal from the Tunisian authorities regarding the sale process for the Sud Tozeur permit in Tunisia.

Sud Tozeur Exploration Permit (CYGAM 100%) ...
Re-Assignment of Interests in Block 12B, Kenya
Kenya >> 11/10/2014 - Swala Energy Limited (Swala) is pleased to provide an update following further developments in relation to Block 12B in Kenya. Swala advised the farm out of 25% of the participating interest in Block ...
InfraStrata Awarded Block on 28th Round Licence
United Kingdom >> 11/10/2014 - InfraStrata plc, the independent petroleum exploration and gas storage company, is pleased to announce that, together with joint venture partner Carstone Exploration Limited, the Company has been offe...
Rosneft & CNPC Signed a Framework Agreement
Russia >> 11/9/2014 - Rosneft and China National Oil & Gas Exploration and Development Corporation (CNPC subsidiary) have signed a framework agreement envisaging the purchase of a 10% share stake in ZAO Vankorneft. The doc...
UKCS 28th Offshore Licensing Round Awards
United Kingdom >> 11/7/2014 - MPX North Sea Limited is very pleased to have been offered four Promote Licences in the 28th Offshore Licensing Round, as announced by the DECC on 6th November 2014. ...
Faroe Awarded 2 New Exploration Licences on the UK Continental Shelf
United Kingdom >> 11/7/2014 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...
6 New Licences Awarded to Parkmead in UK 28th Licensing Round
United Kingdom >> 11/7/2014 - Parkmead has been provisionally awarded six new licences covering a total of nine offshore blocks in the UK 28th Licensing Round, as announced by the Energy Minister. These newly awarded licences are ...
CNR Awarded 11 Licences in the UK's 28th Offshore Licensing Round
United Kingdom >> 11/7/2014 - Cluff Natural Resources Plc has provisionally been awarded eleven promote licences by the Department of Energy and Climate Change (DECC) on the UK Continental Shelf in the UK's 28th Offshore Licensing...
Statoil Strengthens Position on UK Continental Shelf
United Kingdom >> 11/6/2014 - Statoil was awarded interests in 12 new licences, 9 as operator, in the 28th licensing round on the UK continental shelf, announced by the Department of Energy and Climate Change. ...
Occidental Petroleum to Sell its Interest in BridgeTex Pipeline
United States >> 11/6/2014 - Occidental Petroleum Corporation announced the entrance into an agreement with Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings, L.P. (PAGP) to sell its 50 percent interest in BridgeTex...
Petroamerica Drilled Two Exploration Wells & Acquired Additional WI on Llanos-10 Block
Colombia >> 11/6/2014 - Petroamerica Oil Corp., a Canadian oil and gas company operating in Colombia is pleased to announce the commencement of drilling operations on two of its exploration properties in the Llanos Basin of ...
ONGC Videsh Eyes Stake in Tullow Oil's Africa Assets
Ghana >> 11/6/2014 - ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, is looking to buy a stake in the assets of Africa-focused exploration company Tullow Oil Plc, a source with direct knowledge of ma...
Geopark Acquires an Interest in the Cpo-4 Block
Colombia >> 11/5/2014 - GeoPark Limited announces expansion in Colombia with the addition of the CPO-4 Block to its portfolio through a partnership with SK Innovation. ...

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