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Acquisitions and Divestitures News

African Petroleum Signs Amended PSCs for Blocks CI-509 & CI513
Ivory Coast (Cote D'Ivoire) >> 4/22/2014 - African Petroleum Côte d’Ivoire Limited, a wholly owned subsidiary of African Petroleum Corporation Limited, and the Government of Côte d’Ivoire have agreed amendments to the Production Sharing Contra...
BP Agrees to Sale of Interests in Four Alaska North Slope Assets
United States >> 4/22/2014 - BP has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 5...
Providence Awarded Newgrange in the 2011 Irish Atlantic Margin Licensing Round
Ireland >> 4/17/2014 - Providence Resources P.l.c., the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), is pleased to provide an update on Licensing Option 11...
Licence 61 Farmout Agreement with Oil India Limited
Russia >> 4/17/2014 - PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce that it has entered into a binding agreement in respect of a 50% interest in Licence 61 wit...
Seychelles Signs Final Approval for WHL Energy Farm out
Seychelles >> 4/16/2014 - WHL Energy Limited is pleased to announce that the Republic of the Seychelles has signed formal documentation approving Ophir Energy plc’s previously reported farm-in to WHL Energy’s large offshore ...
Lukoil Optimizes Hydrocarbon Asser Portfolio in Kazakhstan
Kazakhstan >> 4/15/2014 - Vagit Alekperov, OAO LUKOIL President, signed a purchase and sale agreement that allows the company to sell its 50-percent stake in the Caspian Investment Resources Ltd to China’s Sinopec. The total p...
PetroNeft Provides Licence 61 Farmout Update
Russia >> 4/15/2014 - PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an update on the negotiation of the farmout agreement for a 50% interest in Licence 61. ...
Providence Resources Provides Barryroe Farm out Update
Ireland >> 4/15/2014 - Providence Resources P.l.c, the Irish oil and gas exploration and appraisal company whose shares are quoted in London (AIM) and Dublin (ESM), notes recent press speculation concerning farm-out discuss...
Vietnam Block 105 and Block 120 – Partner Update
Vietnam >> 4/15/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, announces the following in relation to its Vietnam contract areas, Block 105-110/04 (“Block 105”) and Block 120: ...
RusPetro Provides Licence Extension & Commencement of Drilling
Russia >> 4/15/2014 - Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation is pleased to announce that its Vostochno-Inginsky lice...
BW Terminates LOI for Acquiring Stake in Polvo Field
Brazil >> 4/14/2014 - On 13 December 2013, BW Offshore announced the Letter of Intent ("LOI") to acquire 30% of the participating interests in the Polvo oil field in Brazil from HRT O&G Exploracao e Producao de Petroleo Lt...
Sugih Energy Withdraws Offer to Acquire Ramba Energy
Indonesia >> 4/13/2014 - PrimePartners Corporate Finance Pte. Ltd. (PPCF), for and on behalf of Sugih Energy Pte. Ltd. (the Offeror) which is a wholly-owned subsidiary of PT Sugih Energy Tbk (Sugih), refers to: ...
UAE Energy Minister Hopes Western Partners Keep Oilfields Role
United Arab Emirates >> 4/11/2014 - The energy minister of the United Arab Emirates said he hoped Western oil companies historically in charge of Abu Dhabi's biggest oilfields would keep a role, but that no one was assured of keeping th...
Petrobras Sells its Interest in Norte Fluminense Plant
Petrobras Sells its Interest in Norte Fluminense Plant Brazil >> 4/11/2014 - Petrobras has executed an agreement with Grupo Electricite de France (EDF) to sell its 10% interest in thermoelectric power plant Norte Fluminense (NTF). ...
Parkmead Group Completes Athena Acquisition
United Kingdom >> 4/10/2014 - Parkmead is pleased to report that it has completed the previously announced acquisition of an additional 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athen...
Frontera Signs Farms out Agreement for Taribani Field
Georgia >> 4/10/2014 - Frontera Resources Corporation, an independent oil and gas exploration and production company, is pleased to announce that its wholly-owned subsidiary, Frontera Resources Georgia Corporation, has sign...
Neon Executes Agreement for Sale of Californian Assets
United States >> 4/10/2014 - Neon Energy has executed a binding Purchase & Sale Agreement with a major Californian exploration and production company, for the sale of the Company’s Californian assets with a purchase price of US$2...
LGO Provides Update on Maxim Joint Venture in Trinidad
Trinidad and Tobago >> 4/10/2014 - LGO announces that, further to its announcement on 3 October 2013 concerning the non-binding Heads of Agreement ("HOA") with Maxim Resources Inc. ("Maxim"), originally announced in March 2013, agreeme...
Bass Strait Oil Divesting Offshore Gippsland Basin Assets
Australia >> 4/10/2014 - Bass Strait Oil Company Ltd has commenced a formal divestment process for its offshore Gippsland Basin portfolio as part of its forward strategy that is focused on delivering best value to shareholder...
Northern Petroleum Provides Update on UK Assets
United Kingdom >> 4/9/2014 - Northern Petroleum provides the following update on the Company's UK assets. Following a recent operating committee meeting with the operator of licence PEDL233 containing the Baxters Copse discovery,...

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