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Acquisitions and Divestitures News

Angola's Sonangol to Pull Out of Two Oilfields in Iraq
Iraq >> 2/25/2014 - Angolan state oil firm Sonangol has decided to exit Iraq due to security problems in a conflict region where it has operated two fields, a board member said. ...
Oil Search Plans Big Acquisition
Papua-New Guinea >> 2/25/2014 - Oil Search was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil's gas fields in Papua New Guinea. ...
Central Petroleum Awarded Production Licence in Australia
Australia >> 2/25/2014 - Central Petroleum advises that in a handover ceremony at Parliament House this morning, the Honourable Willem Westra Van Holthe MLA signed Production Licence #6 granting Central Petroleum Ltd its Prod...
Nido Acquires 15% Interest in Baronang PSC
Indonesia >> 2/24/2014 - Nido Petroleum Limited is pleased to advise that, in accordance with the terms and conditions of the farm-in agreement with Lundin Baronang BV (Lundin), the Company has exercised its option to increas...
Europa Oil Renewed Its 100% Tarbes Val d'Adour Permit
France >> 2/24/2014 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce the renewal of its 100% owned Tarbes Val d'Adour p...
Gazprom’s Next Acquisition in Algeria
Algeria >> 2/24/2014 - Russia’s oil and natural gas state monopoly Gazprom has been offered joint venture exploration projects in Algeria, the first foreign company to be invited to work in the country. The offer was discus...
KRG Exercises Back-in Right to Miran PSC
KRG Exercises Back-in Right to Miran PSC Iraq >> 2/23/2014 - Genel Energy plc (Genel) announces that, the Kurdistan Regional Government (KRG) notified the Company of its intention, pursuant to the Miran Production Sharing Contract (PSC), to exercise its Option ...
Pancontinental to Negotiate Renewal of Block 8 PSC
Kenya >> 2/21/2014 - Pancontinental Oil & Gas NL (Pancontinental) recently attended meetings with the Kenyan Ministry of Energy and Petroleum (the Ministry) to discuss the Kenyan offshore Block L8 Production Sharing Contr...
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...

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