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Acquisitions and Divestitures News

Brazil Gives Petrobras Additional Subsalt Production Rights
Brazil Gives Petrobras Additional Subsalt Production Rights Brazil >> 6/24/2014 - Petrobras announces that the CNPE (National Energy Policy Council) has approved to directly contract Petrobras to produce the volume that exceeds what has been contracted under the transfer of rights ...
Swala Energy Completes Farm out with CEPSA in Kenya
Kenya >> 6/23/2014 - Swala Energy Limited (Swala) is pleased to announce the completion of the farm-out agreement for a 25% working interest in Block 12B (Kenya) to CEPSA Kenya Limited, an affiliate of Compania Espanola d...
Ithaca Energy Acquire Producing Assets in UK
United Kingdom >> 6/23/2014 - Ithaca Energy Inc has entered into an agreement with Sumitomo Corporation to acquire interests in three non-operated UK producing oil fields for a total consideration of $170 million. The acquisition...
Eni Signed New Production Sharing Contract with CNOOC
Eni Signed New Production Sharing Contract with CNOOC China >> 6/20/2014 - Eni signed a new Production Sharing Contract (PSC) with CNOOC for the exploration of one block offshore Hainan island, in the South China Sea. ...
Eni & CNOOC Sign New Contract for Exploration
China >> 6/20/2014 - Eni signed a new Production Sharing Contract ("PSC") with CNOOC for the exploration of one block offshore Hainan Island, in the South China Sea. ...
Swala Energy Requests Trading Halt Ahead of Kenya Farmout
Tanzania >> 6/19/2014 - In accordance with ASX Listing Rule 17.1, Swala Energy Limited (Swala) requests that a trading halt be implemented in respect of all Swala securities quoted on the ASX, pending an announcement from th...
VNG Norge Strengthens Its Position in the Norwegian Sea
Norway >> 6/19/2014 - VNG Norge AS has entered into an agreement to purchase Chevron Norge AS’s interest in Draugen and, subject to regulatory and government approval, will become a partner in the underlying licences with ...
Tethys Petroleum Awarded 15 Year Extension to Kyzyloi Gas Contract
Kazakhstan >> 6/19/2014 - Tethys Petroleum Limited, following on from the recently announced Kazakh State Reserves Committee (GKZ) approval, confirmed that it has received approval from the Ministry of Oil & Gas of the Republi...
Russia's Lukoil in Talks with Hess over Ghana Project
Ghana >> 6/18/2014 - Lukoil is in talks with U.S. oil firm Hess Corp to buy a stake in its offshore project in Ghana, two sources close to the talks said, as part of its strategy to look beyond a closed Russian market. Lu...
Nigerian Government Approved $1.65b Acquisition of Conocophillips
Nigeria >> 6/18/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for th...
Lundin Petroleum Increases Interest in PL359, Offshore Norway
Norway >> 6/17/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS is pleased to announce that it has entered into agreements to acquire an additional 25 percent interest in PL359, which contain...
Agreement to Sell Interest in CATS Pipeline & Infrastructure for Ł562m
United Kingdom >> 6/17/2014 - BG Group had agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners fo...
Asset Swap in the North Sea
Norway >> 6/17/2014 - Det norske oljeselskap ASA (DETNOR) has signed an agreement with Spike Exploration to swap a 10 percent interest in licence 554/B/C containing the Garantiana oil discovery for a 20 percent interest in...
Serica Acquire 8% Interest in UK Blocks 23/26a & 23/26b
United Kingdom >> 6/17/2014 - Serica Energy plc has agreed to acquire an 18% interest in UK blocks 23/26a (Area B) and 23/26b (Area B) containing the Erskine Field, located in the UK Central North Sea, from BP Exploration Operatin...
Noble Acquires Interest in Exploration Leases in GOM
United States >> 6/16/2014 - Noble Energy, Inc. has reached an agreement with BP Exploration & Production Inc. to acquire 50 percent of BP's interest in 17 deepwater exploration leases in the Gulf of Mexico. Each of the leases r...
Beach Energy Acquires Interest in Permit T/49P from 3D Oil
Australia >> 6/16/2014 - Beach Energy Limited has executed a binding sale and purchase agreement (“SPA”) for the purchase of a 20% interest in the T/49P offshore exploration permit in the Otway Basin from 3D Oil Limited. In a...
INPEX Awarded Permit to Explore Block WA-504-P
Australia >> 6/13/2014 - Inpex Corporation is pleased to announce that Inpex Browse E&P Pty Ltd, a subsidiary, was awarded an exploration permit for Release Area WA-504-P (the Block). INPEX Browse will hold a 40% participat...
Chevron Announces Sale of Interests in Chad and Cameroon
Chad >> 6/13/2014 - Chevron Corporation announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipel...
Eni Signs A Strategic Agreement with KazMunayGas
Kazakhstan >> 6/12/2014 - In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbayev,...
Niko Sells its Equity Stake in Block 5
Trinidad and Tobago >> 6/12/2014 - Niko Resources Ltd. announced that the Government of Trinidad and Tobago has approved the previously announced sale of a 25% interest in Block 5(c) in Trinidad and Tobago to a subsidiary of the BG Gro...

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