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Acquisitions and Divestitures News

Shell Agrees Sale of Downstream Businesses in Australia to Vitol
Shell Agrees Sale of Downstream Businesses in Australia to Vitol Australia >> 2/21/2014 - Shell announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billio...
Lime Norway Acquire 20% Interest in New License
Norway >> 2/21/2014 - Lime Petroleum Norway AS has on 20 February 2014 signed an agreement with North Energy ASA to acquire a 20 per cent stake in a new licence in Norway, PL509CS. North Energy was awarded operatorship of ...
Cap Energy Acquires an Indirect Interest in Block Djiffere
Senegal >> 2/20/2014 - Cap Energy PLC has acquired an indirect interest in the oil and gas exploration licence on the Block Djiffere (the "Djiffere Licence"), offshore Senegal. ...
Oil Basins to Acquire 25% Interest in Gippsland Basin permit VIC/P47
Australia >> 2/20/2014 - The Directors of Oil Basins Limited ( OBL and OBLOB) are pleased to make the following ASX announcement to keep the market fully informed. ...
No New African Refineries without Govt Clarity on Policy
Algeria >> 2/20/2014 - In an environment of forecasted continuing weak refining margins, world-scale refinery plants, helped by low freight rates, will continue to pressurise product markets accessible by arbitrage, said Da...
Independent Resources Reports on Application for Extension of Ksar Hadada License
Tunisia >> 2/20/2014 - Independent Resources together with Tunisia's national oil company, Entreprise Tunisienne d'Activités Pétrolières (ETAP) has received formal notice from Tunisia's Ministry of Industry, Energy and Mine...
Magellan Signs Agreement for Sale of Australia Assets for AUD $35.0 m
Australia >> 2/18/2014 - Magellan Petroleum Corporation (Magellan or the Company) announced that the Company has entered into a definitive agreement (the "Sale Deed") to sell the Palm Valley and Dingo gas fields to Central Pe...
TransAtlantic Entered into a JV Agreement in Turkey
TransAtlantic Entered into a JV Agreement in Turkey Turkey >> 2/18/2014 - TransAtlantic Petroleum Ltd. (TAT) has entered into a farmout agreement with Onshore Petroleum Company AS (Onshore), a private oil and gas company based in Oslo, Norway. ...
Dana Gas Signs North El Arish Concession Agreement
Egypt >> 2/18/2014 - Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to announce that It has signed an agreement for the North El Arish (Block 6) Concession Area, offshore the e...
Anadarko Announces $1.075 Billion China Divestiture
China >> 2/17/2014 - Anadarko Petroleum Corporation has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Limited, whereby Anadarko will divest its Chinese subsidiary...
ONGC Signs Contracts to Explore for Oil, Gas Off Bangladesh
Bangladesh >> 2/17/2014 - State-run oil and gas company ONGC Videsh signed two production sharing contracts (PSC) to explore oil and gas in Bangladeshi waters. ...
FAR Receives Government Approval for Kenya L6 Farmout Deal
Kenya >> 2/17/2014 - FAR Ltd (FAR) has received approval from the Ministry of Energy and Petroleum in Kenya for its first farm in deal on its highly prospective onshore and offshore Kenya exploration permit, Block L6, loc...
Essar Energy's Largest Shareholder is in Talks to Buy out Company
India >> 2/16/2014 - Essar Energy's majority shareholder is expected to make a bid for the remainder of shares it does not own in the coming days at a price tag of no more than 75 pence per share, the Sunday Times reporte...
Brightoil Held Talks with Anadarko, Newfield to buy China Operations
China >> 2/14/2014 - Hong Kong-listed oil trader and shipping firm Brightoil Petroleum Holdings has held talks with U.S. oil companies Anadarko Petroleum Corp and Newfield Exploration Co to buy their China operations. ...
TPDC Terminates Eyasi Negotiations with Swala Energy
Tanzania >> 2/14/2014 - Swala Energy Limited (Swala) advises that the Tanzanian Petroleum Development Corporation (TPDC) has terminated the negotiations for the Eyasi licence with the Company’s 65.13%-owned subsidiary, Swala...
Algeria Farmout in Ain Tsila Gas-Condensate Field
Algeria >> 2/13/2014 - Petroceltic International plc, the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the agreed sale of ...
NGE to Sell 50% Interest in PPL 269 for up to $40m
Papua-New Guinea >> 2/13/2014 - New Guinea Energy Ltd is pleased to announce that NGE and its wholly owned subsidiary, Kirkland Limited (Kirkland) have signed an agreement with a subsidiary of Santos Limited, Barracuda Limited (Sant...
Egypt Signs O&G Exploration Deals with Dana, Edison and Petroceltic
Egypt Signs O&G Exploration Deals with Dana, Edison and Petroceltic Egypt >> 2/13/2014 - Petroleum Ministry signed three new agreements on excavating petrol and natural gas in maritime areas north and east of Egypt and Delta with United Arab Emirates’ Dana Gas, the Irish Petroceltic PLC a...
Occidental Announces Sale of Hugoton Field Assets
United States >> 2/13/2014 - Occidental Petroleum Corporation has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 billion. This sale was approved by the Board o...
NuEnergy Attracts Investors for Coal Seam Gas Project
Indonesia >> 2/13/2014 - NuEnergy has signed a Letter of Intent with a strategic Asian investor that will result in a cash injection of A$4.3 million and a free carry for exploration wells at the Rengat production sharing con...

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