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Acquisitions and Divestitures News

Shell and Total must Accept Petrobras as Partner
Brazil >> 9/17/2014 - Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wedne...
RWE Dea Awarded Two New Concessions in Egypt
RWE Dea Awarded Two New Concessions in Egypt Egypt >> 9/17/2014 - In the International Bid Round 2013, the Egyptian General Petroleum Corporation (EGPC) has awarded RWE Dea two new offshore concessions with operatorship. The concessions are located in the Gulf of Su...
Swala Wins Exploration Rights over Block 44 in Zambia
Zambia >> 9/17/2014 - Swala Energy Limited (Swala) is pleased to announce that its 93% owned subsidiary company, Swala Energy (Zambia) Limited, has been formally awarded hydrocarbon exploration rights over Block 44 in the ...
Total Resumes $2.5b Nigerian Deepwater Oil Field Sale
Nigeria >> 9/16/2014 - Total SA , Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. ...
Statoil Announces 1.3b Asset Sale to Wintershall
Norway >> 9/12/2014 - Statoil ASA farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment. ...
Mitsubishi to Enter Exploration Business in Côte D’Ivoire
Ivory Coast (Cote D'Ivoire) >> 9/12/2014 - Mitsubishi Corporation (MC) has agreed to acquire a 20% ownership interest in Block CI-103 Hydrocarbon Production Sharing Contract from US-based Anadarko Petroleum Corporation. Block CI-103, which is ...
Wintershall Expands Oil & Gas Production in Norway
Norway >> 9/12/2014 - BASF Group company Wintershall is further expanding its oil and gas production and reserves in the North Sea. Wintershall will acquire shares in the two producing fields Gjoa (5%) and Vega (24.5%), th...
Acquisition of 100% Interest in the Lagia Oil Field
Egypt >> 9/10/2014 - SacOil, the African independent upstream oil and gas company, is pleased to announce that it has entered into a sale and purchase agreement dated 9 September 2014 (the “Agreement”) to acquire a Cyprus...
Baron Signed a Farm-Out Agreement with Vale
Peru >> 9/10/2014 - Baron Oil plc, the independent oil and gas exploration and production company focused on Latin America, is pleased to make the following announcement. ...
Maersk Tests Water for Angola Oil in Chissonga Project
Angola >> 9/9/2014 - Maersk Oil, a unit of Denmark's A.P. Moller-Maersk A/S, is testing the water for the sale of a significant part of its stake in the deepwater Chissonga project in Angola, Danish daily Jyllands Posten ...
DNO Granted Two year extension for Block SL18 in Somaliland
Somalia >> 9/8/2014 - DNO ASA, the Norwegian oil and gas operator, has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland. The first exploration period will now e...
San Leon Energy Increases Morocco Footprint
Morocco >> 9/8/2014 - San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, is pleased to provide an update on its Morocco acreage. San Leon has acquired the following worki...
BP, CNPC Raise Shares in Iraq's Rumaila Oilfield
Iraq >> 9/7/2014 - A revised contract signed last week by British oil major BP and China's CNPC for Iraq's Rumaila oilfield has raised both companies' stakes in a joint venture formed to develop the field, a senior Iraq...
Gulfsands Provides Tunisia Update
Tunisia >> 9/5/2014 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.A. is pleased to provide the following update ...
Tullow Agrees Gas Assets Sale in Netherlands Blocks L&Q
Netherlands/Holland >> 9/5/2014 - Tullow Oil plc announces that its subsidiary Tullow Exploration & Production B.V., has entered into an agreement to sell its operated and non-operated L12/L15 block interests and non-operated Q4 and Q...
Statoil Farms into Acreage Offshore Colombia
Colombia >> 9/4/2014 - Statoil has signed farm-in agreements with Repsol, acquiring a 10% equity share in the Tayrona licence and a 20% equity share in the Guajira Offshore 1 licence. ...
M&P Amends the Extension Duration in Colomibia
Colombia >> 9/4/2014 - On 23 July 2014, the company Etablissements Maurel & Prom was awarded the SN-11 exploration permit in Colombia at the “Ronda ANH 2014” (a bidding process in Colombia). The exploration permit, which is...
ADX Sale of the Chorbane Permit Interest to Gulfsands
Tunisia >> 9/3/2014 - Further to ADX Energy Ltd’s announcement on 15 August 2014 reporting that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) had approved the transfer of all of AOG’s (ADX ‘s wholly owned...
Gazprom in Talks to Buy Stakes in Brazilian Oil Blocks
Brazil >> 9/2/2014 - OAO Gazprom, the world's largest natural gas producer, is in talks with rivals to buy stakes in oil exploration areas in Brazil, a senior executive said. ...
APC Provides Operational Update on West Africa Exploration
Ivory Coast (Cote D'Ivoire) >> 9/1/2014 - African Petroleum Corporation is pleased to provide an operational update on its West African exploration portfolio. ...

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