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Acquisitions and Divestitures News

PDVSA, Perenco $420m in Funding to Boost Output
Venezuela >> 3/7/2014 - Anglo-French oil company Perenco signed a deal with Venezuela's state oil firm PDVSA to provide $420 million to boost output at their joint venture in the OPEC nation. ...
BP Acquires Ownership of Indonesian PTA Joint Venture
Indonesia >> 3/7/2014 - On 28 February, BP completed the purchase of all interests previously held by Japan’s Mitsui Chemicals, Inc. (MCI) and Mitsui & Co. Ltd. (MBK) in PT Amoco Mitsui PTA Indonesia (AMI). For over fifteen ...
ANP Approves Assignment of 35% in Block S-M-1166
Brazil >> 3/6/2014 - Karoon has received notification from the Agencia Nacional do Petroleo (“ANP”) that the assignment of block S-M-1166 to Pacific Rubiales Energy Corp has been approved and that the transfer of a 35% pa...
Edison in Talks to Buy Two Israeli Gas Fields
Israel >> 3/6/2014 - Edison, the Italian utility owned by EDF, is in talks to buy two Israeli gas fields from U.S. explorer Noble Energy and Israel's Delek Drilling, which are estimated to hold up to 70 billion cubic metr...
Murphy Oil & OMV to Drill in Namibia
Namibia >> 3/6/2014 - Murphy Oil Corporation and OMV search for oil and gas off Namibia's coast, the southwest African country's petroleum commissioner said. ...
Algeria's Sonatrach Pulls out of Plant Project with Total
Algeria >> 3/5/2014 - Algerian state petrochemical group Sonatrach has decided to pull out of a 2007 deal with French energy giant Total to build a $5 billion ethane steam-cracking plant, knowledgable sources said. ...
Jordan, Egypt, Iraq to Sign Agreements on Natural Gas
Egypt >> 3/5/2014 - Jordan, Egypt and Iraq are expected to sign two agreements in the field of natural gas, said a statement by the Petroleum Ministry. ...
SOCO Receives Approval of Mer Profonde Sud Farmin in Congo
Congo >> 3/5/2014 - The assignment of a 60 percent working interest in the Mer Profond Sud exploration area to SOCO, announced on 4 November 2013, has now received governmental approval, subject to regulatory approval to...
AOC Announces Farmouts in the Rift Basin Area & Adigala Blocks in Ethiopia
Ethiopia >> 3/4/2014 - Africa Oil Corp has received Ethiopian government approval in respect of two farmout agreements: ...
Frontier Exploration Licences Issued in Irish Atlantic
Ireland >> 3/4/2014 - Petrel Resources plc is pleased to announce the award, by the Department of Communications, Energy and Natural Resources, of Frontier Exploration Licences 3/14 and 4/14 in the Irish Atlantic's Porcupi...
Glencore Interested in Buying Shell Assets in Nigeria
Nigeria >> 3/4/2014 - Commodity trader and miner Glencore confirmed its interest in buying oil assets that oil major Shell is selling in Nigeria. ...
WHL Energy Reaches Seychelles Farm in Agreement with Ophir
Seychelles >> 3/4/2014 - Australian energy company WHL Energy Limited has signed a farm-in agreement with Ophir Energy plc under which Ophir will farm-in to earn a 75% interest in WHL Energy’s exploration interests offshore...
Carnarvon Petroleum Sells Thailand Concessions to Loyz Energy
Thailand >> 3/3/2014 - Carnarvon Petroleum entered into a Sale and Purchase Agreement (SPA) to divest half of its 40% interest in the Thailand concessions L44/43, L33/43 and SW1A (Thai assets) to Loyz Energy. ...
18 Month Extension of Blythe and Skipper Licences
United Kingdom >> 3/3/2014 - Further to the update of 7th February 2014, the Board of Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to confirm that the Blythe and Skipper licences have been ex...
OER Extends Completion Date for Acquisition of Nigeria Business of ConocoPhillips
Nigeria >> 3/3/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013, November ...
PetroNova Enters into Farm-out Agreement with Pacific
Colombia >> 2/28/2014 - PetroNova Inc, a company engaged in the exploration and development of oil and natural gas resources in Colombia, is pleased to announce that its indirect wholly owned subsidiary, PetroNova Colombia I...
OVL Completes Acquisition of 10% Interest in the Rovuma Area 1 Offshore Block
Mozambique >> 2/28/2014 - ONGC Videsh Limited (OVL) completed the acquisition of 10% participating interest (“PI”) in the Rovuma Area 1 offshore Block from Anadarko Moçambique Area 1 Limitada (“Anadarko”). On the 24th August 2...
Pakistan Petroleum Signs PCAs with OMV
Pakistan >> 2/28/2014 - Pakistan Petroleum Limited (PPL) signed three Exploration Licenses (ELs) and Petroleum Concession Agreements (PCAs) with the Government of Pakistan in Islamabad on February 28 for Blocks 2569-5 (Khipr...
KrisEnergy Adds Sakti PSC to Indonesia Portfolio
Indonesia >> 2/26/2014 - KrisEnergy Ltd. ,an independent upstream oil and gas company, announces that it has been awarded the operatorship and a 95% working interest in the Sakti Production Sharing Contract (“PSC”) offshore E...
KrisEnergy Exits G3/48 in Thailand Due to Pre-emption
Thailand >> 2/26/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, announces that subsequent to the announcement of 28 January 2014, the Company has withdrawn from the acquisition process for a 60% operated...

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