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Acquisitions and Divestitures News

Three Petroleum Agreements Signed in Egypt
Egypt >> 1/31/2014 - Petroleum Minister, Eng. Sherif Ismail signed three agreements for the General Petroleum Authority and the Egyptian Natural Gas Holding Company (EGAS) at total investments of 165 million dollars. The ...
Canacol Acquires COR 4 & COR 12 Blocks
Colombia >> 1/31/2014 - Canacol Energy Ltd is pleased to announce that its subsidiary, Canacol Energy Colombia S.A, has acquired a right to an 80% interest in each of the COR 4 and COR 12 Exploration and Production (E&P) c...
Grant of New Hydrocarbon Licence in the Weiden Basin, Germany
Germany >> 1/31/2014 - Rose Petroleum plc, the AIM-listed natural resources company, is pleased to announce the grant to Rose of a new concession covering circa 657,000 acres (2,662.4 km2) in the Weiden Basin, located in th...
Egdon Signs Opt-in Agreement with Total in UK
United Kingdom >> 1/30/2014 - Egdon Resources plc and its partners Blackland Park Exploration Limited and Stelinmatvic Industries Limited are pleased to announce signature of an Opt-in Agreement with Total E&P UK Limited, a wholly...
Niko Approved The Transfer of Semai V PSC
Indonesia >> 1/30/2014 - Niko Resources Ltd. is pleased to announce that the Government of Indonesia has approved the transfer of a 100% interest in the Semai V PSC from Hess Corporation to Niko in connection with the previou...
Shell to Sell Interest in Offshore Brazil BC-10
Shell to Sell Interest in Offshore Brazil BC-10 Brazil >> 1/29/2014 - Shell announced an agreement to sell a 23% interest in the Parque das Conchas (BC-10) project offshore Brazil to Qatar Petroleum International for approximately US $1 billion, subject to closing. ...
Sterling Completes Sale of a Portion of the Midia Block
Romania >> 1/29/2014 - Sterling Resources Ltd is pleased to announce that the sale of its 65 percent interest in a portion of the Midia Block in the Romanian Black Sea (the "Sale Portion") to ExxonMobil Exploration and Pro...
KrisEnergy Acquires G3/48 Stake in Gulf of Thailand
Thailand >> 1/28/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, is pleased to announce that its wholly owned subsidiary, KrisEnergy (Gulf of Thailand) Ltd, has acquired from Mubadala Petroleum a 60% work...
Simba Signs Farmout Letter of Intent for Guinea Blocks 1 & 2
Guinea Bissau >> 1/28/2014 - Simba Energy Inc has signed an exclusive Letter of Intent (LOI) to farmout its Production Sharing Contract (PSC) for Blocs 1 & 2 in onshore Guinea with a private investor group (the Investor Group) ba...
Sterling Completes Additional Farmin to Odewayne Block
Somalia >> 1/27/2014 - On 8th November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (S...
Nigeria Court Rules Chevron Cannot Sell Assets Pending Dispute
Nigeria >> 1/27/2014 - A Nigerian court upheld an order barring Chevron from selling its onshore assets until a legal dispute with local firm Brittania-U is resolved, Brittania-U's lawyers said outside the court. Brittania-...
Ghanaian Parliament Ratifies South Deepwater Tano Agreement
Ghana >> 1/27/2014 - The Parliament of the Republic of Ghana has ratified the Petroleum Agreement among the Government of Ghana, Ghana National Petroleum Corporation (GNPC), GNPC Exploration and Production Company Limited...
Tower Provides Operational Update and Issue of Equity
Namibia >> 1/24/2014 - Tower Resources plc, the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the following update with respect to the possible farm-out of part of its interests in Namib...
Dana Awarded Three New Exploration Licences in Norway
Norway >> 1/23/2014 - Dana Petroleum has been awarded three new exploration licences by the Norwegian Ministry of Petroleum and Energy. ...
Wintershall Awarded Eight New Licenses in Norway
Norway >> 1/23/2014 - Wintershall is continuing its growth course in northern Europe: in the current licensing round APA 2013 ("Awards in Predefined Areas"), the Norwegian Petroleum and Energy Ministry has awarded eight ne...
New World Secures 6m Extension for the Danica Jutland Licences
Denmark >> 1/23/2014 - New World Oil and Gas Plc has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 ('the Licences') at its Danica Jutland Project in Western Denmark. This e...
Suriname's Staatsolie Inks Oil Deal with Tullow, Statoil
Suriname >> 1/23/2014 - Suriname's state oil company Staatsolie signed a 30-year deal with Britain's Tullow Oil and Norway's Statoil to invest $35 million in the exploration of an offshore oil block. ...
Faroe Awarded 10 New Exploration Licences in Norway
Norway >> 1/22/2014 - Faroe Petroleum has been awarded 10 new prospective exploration licences, including two operatorships, under the 2013 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Contine...
Orkustofnun Grants a Third Licence in the Dreki Area
Iceland >> 1/22/2014 - The licence is granted to CNOOC Iceland ehf. as operator with 60 % share, Eykon Energy ehf with 15 % share and Petoro Iceland AS with 25 % share. ...
Rocksource Awarded 5 New Licenses in the APA 2013 Licensing Round
Norway >> 1/21/2014 - Rocksource ASA is pleased to announce the award of five new licenses in the APA 2013 Licensing Round on the Norwegian Continental Shelf announced by the Ministry of Petroleum and Energy. ...

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