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Acquisitions and Divestitures News

Tethys Increases Interest in Rietavas Licence Onshore Lithuania
Lithuania >> 7/7/2014 - Tethys Oil AB has increased its indirect interest in the Rietavas licence onshore Lithuania from 14% to 30% as joint venture partner Chevron elects to leave the licence. The work programme, focused on...
Italy Prosecutors Open Probe into Eni on Nigeria Oil Block Deal
Nigeria >> 7/4/2014 - Italian prosecutors have opened a probe into alleged corruption relating to the 2011 acquisition of a big oil field in Nigeria by Italian oil group Eni and Shell, judicial sources with direct knowledg...
Woodside Acquire 25% Interest from Chariot Offshore Morocco
Morocco >> 7/4/2014 - Woodside advises that it has finalised an agreement with Chariot Oil & Gas to farm-in to the prospective Doukkala Basin offshore north western Morocco. Under the agreement Woodside acquires an initial...
Completion of Licence 61 Farmout to Oil India Limited
Russia >> 7/4/2014 - PetroNeft, an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to announce the completion of the Licence 61 Farmout to Oil India Limited. ...
Lundin Sells Interest in PL359, Offshore Norway
Norway >> 7/4/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS has entered into an agreement to sell an additional 15 percent interest in PL359, which contains the Luno II discovery. Lundin ...
Statoil Divests Equity in Blocks 38 and 39 Offshore Angola
Angola >> 7/3/2014 - Statoil is divesting equity in blocks 38 and 39 in the Kwanza basin offshore Angola. “The transactions are part of Statoil’s continued optimisation and portfolio adjustments process. We do this to max...
Total in Talks with Petrochina to Sell China Refinery Stake
China >> 7/2/2014 - France's Total is in talks with PetroChina to sell its stake in a Chinese refinery after nearly two decades of investment, in what could be the latest foreign energy firm giving up on a vast but tight...
Option Agreement for Offshore African Acreage Terminated
Nigeria >> 7/2/2014 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that the exclusive option agreement (the "Option Agreement") entered into with a private company ("Privateco") for the option ...
Browse Basin Permits JV Pre-emption Rights Expired
Australia >> 7/1/2014 - Karoon is pleased to advise the pre-emption rights associated with the sale of the Company’s interest in the Browse Basin permits WA-315-P and WA-398-P to Origin Energy (“Origin”) have now expired. Th...
KrisEnergy Acquires 41.6666% in Block A Aceh, Indonesia
Indonesia >> 7/1/2014 - KrisEnergy Ltd has agreed to acquire from Premier Oil Overseas B.V its entire 41.6666% working interest in the Block A Aceh production sharing contract (“PSC”) in Indonesia where several gas condensat...
Stone Energy Announces Sale of Non-Core GOM Shelf Properties
United States >> 6/30/2014 - Stone Energy Corporation announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash and assumed futu...
Premier Oil Sells Interests in Scott, Telford and Rochelle Fields
United Kingdom >> 6/30/2014 - Premier has sold its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 million. MOL will assume the liabilities for future abando...
Apache Completes Sale of Lucius & Heidelberg GOM Developments
United States >> 6/30/2014 - Freeport-McMoRan Copper & Gold Inc announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed the previously announced acquisition of certain of Apache Corporation’s...
Bowleven Farms out Bomono Permit to Africa Fortesa Corp
Cameroon >> 6/27/2014 - Bowleven has entered into a conditional drill-to-earn arrangement with privately held Africa Fortesa Corp Ltd (AFC) and its affiliate subject, inter alia, to approval by the Cameroon government. ...
Eni Signs New Contract for Exploration with PetroVietnam
Vietnam >> 6/26/2014 - Eni’s Ceo, Claudio Descalzi, signed in Hanoi with PetroVietnam President and Ceo, Do Van Hau, a Production Sharing Contract (PSC) for the exploration of the offshore Block 122. ...
Gazprom in Talks to Buy Abu Dhabi's OMV Stake
Iraq >> 6/26/2014 - Gazprom is in talks to buy a 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters, a deal that would deepen already controversial Austro-Russian ties if i...
New Cooper Basin Search as Government Grants Key Permits to Blue Energy
Australia >> 6/25/2014 - A sparsely explored area of Australia’s Cooper Basin is the focus of a new oil and gas search by Blue Energy Limited following the granting of four key permit areas to the Company by the Queensland Go...
Gran Tierra Closes the Sale of its Argentina Business
Argentina >> 6/25/2014 - Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, has closed the sale of its Argentina business and provides a corporate update. ...
Eni Granted 3 New Prospection Permits by Sonatrach
Algeria >> 6/25/2014 - Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timi...
MEO & Apache Sign Option Agreement for AC/P50 and AC/P51
Australia >> 6/25/2014 - MEO Australia Limited has executed a binding option agreement with Apache Northwest Pty Ltd in relation to the AC/P50 and AC/P51 exploration permits. Under the agreement, Apache has an option until 30...

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