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Acquisitions and Divestitures News

Faroe Completed Acquisition of Operated Interests in UK
United Kingdom >> 10/10/2014 - Faroe Petroleum has completed the previously announced acquisition of a 53.1% operated interest in the Schooner Field and a 60% operated interest in the Ketch Field in the UK Southern North Sea gas ba...
Rose Petroleum Completed Strategic Acquisition
United States >> 10/10/2014 - Rose Petroleum plc, the AIM-listed natural resources company, is pleased to announce that its wholly-owned U.S. subsidiary, Rose Petroleum (Utah) LLC has acquired 100% of the assets of a privately own...
Petrochem Makes Open Offer to Shareholders of Sah Ltd.
United Arab Emirates >> 10/8/2014 - Gulf Petrochem Group has announced that it has made an open offer to acquire 26% of Sah Petroleums Ltd, a leading manufacturer of industrial and automotive oil lubricants in India, from its public sha...
Dragon Oil in $786m Takeover Talks with Petroceltic
Algeria >> 10/6/2014 - The Board of Petroceltic announces that it is in detailed discussions regarding a possible offer to be made by Dragon Oil plc (Dragon Oil) for the issued, and to be issued, share capital of the Compan...
Faroe Awarded New Licensing Options in the Celtic Sea, Ireland
Ireland >> 10/6/2014 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the award...
Kosmos to Buy into Senegal Offshore Blocks for $400m
Senegal >> 10/4/2014 - Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore block...
Lukoil Sells its Stake in Venezuela Project to Rosneft
Venezuela >> 10/3/2014 - Lukoil has sold its 20-percent stake in a consortium developing a large oil project in Venezuela to its Russian peer Rosneft, Kommersant daily reported, citing sources close to the talks. ...
Geopark Acquires the Morona Block in Peru
Peru >> 10/2/2014 - GeoPark Limited has executed a Joint Investment Agreement and Joint Operating Agreement with Petroleos del Peru S.A. (“Petroperu”) to acquire an interest in and operate the Morona Block located in nor...
Dragon Oil Awarded Exploration Blocks in Algeria
Dragon Oil Awarded Exploration Blocks in Algeria Algeria >> 10/1/2014 - Dragon Oil in partnership with ENEL Trade S.p.A. ("Enel") has been awarded two exploration blocks ("perimeters") in Algeria, Tinrhert Nord Perimeter and Msari Akabli Perimeter. ...
Vanoil Commences International Arbitration Against the Government of Kenya
Kenya >> 10/1/2014 - Vanoil Energy Ltd. (Vanoil) has commenced an international arbitration against the Government of Kenya ( the "Respondent"). This action has been filed to resolve a dispute arising from the Respondent'...
Statoil & Shell Awarded Timissit Licence in Algeria
Statoil & Shell Awarded Timissit Licence in Algeria Algeria >> 9/30/2014 - The licence is located in southeastern Algeria and covers an area of 2730 square kilometres. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold ...
Algeria Awards 4 Out of 31 Oil, Gas Blocks on Offer
Algeria >> 9/30/2014 - Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.
Enagas Joins TAP & Fluxys Increases its Shareholding
Enagas Joins TAP & Fluxys Increases its Shareholding Azerbaijan >> 9/30/2014 - Enagas has joined Trans Adriatic Pipeline as a new shareholder with a 16% stake in Trans Adriatic Pipeline AG company. In addition, existing shareholder Fluxys has increased its stake in TAP from 16% ...
Murphy Oil Announces Sell down of Malaysian Assets
Malaysia >> 9/30/2014 - Murphy Oil Corporation announced that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"), have entered into an agreement with PT Pertami...
UAE's Dana Gas Wins Gas Exploration Deals in Egypt
UAE's Dana Gas Wins Gas Exploration Deals in Egypt Egypt >> 9/29/2014 - Dana Gas Egypt, has been awarded the North El Salhiya (Block 1) and El Matariya (Block 3) onshore Concessions in the Nile Delta as part of the 2014 EGAS bidding round held recently in Egypt. ...
France's Total Wins Egypt Gas Exploration Licence
Egypt >> 9/29/2014 - French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (EGAS) said. ...
The Gabriella License Expired
Israel >> 9/29/2014 - Brownstone Energy Inc. has been informed by its joint venture partners on the Gabriella License that the Petroleum Commissioner in the Ministry of National Infrastructure, Energy and Water of the Stat...
Swala Refers Dispute with CEPSA over Block 12B to Arbitration
Kenya >> 9/29/2014 - Swala Energy Limited (Swala) advises that its wholly-owned subsidiary, Swala Energy (Kenya) Limited (Swala Kenya), has referred to arbitration a dispute with CEPSA Kenya Limited (CEPSA) in connection ...
Lundin Petroleum Acquires Interest in PM328
Malaysia >> 9/25/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Malaysia B.V. is pleased to announce that it has entered into agreements to acquire a 50 percent interest in PM328, and operatorship of t...
Eni Awarded 3 New Exploration Licenses in Egypt
Egypt >> 9/25/2014 - Italian oil major Eni said it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa. ...

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