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Acquisitions and Divestitures News

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...
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...
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...
Foum Assaka Extension Period Agreement
Morocco >> 2/12/2014 - Fastnet Oil & Gas Plc, the E&P Company focused on near term exploration acreage in Africa and the Celtic Sea, is pleased to announce that it has been granted Government Approval to enter the First Ext...
Nuenergy Will Invest and Farm-In to its Rengat PSC
Indonesia >> 2/12/2014 - NuEnergy has signed a Letter of Intent (LOI) with a strategic Asian investor. Under the terms of the proposed Farm-In transaction the Farm-inParty will: ...
Trading Houses in Race to Buy Oil Majors' $3b Nigeria Assets
Nigeria >> 2/12/2014 - Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades. New upstream acquisitions would help cement their relationship with Africa's biggest oil producer, a key su...
Tullow May Sell Part of Stake in Ugandan Oil Field
Uganda >> 2/12/2014 - Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field it is developing with France's Total SA and China's Cnooc Ltd. to focus on Kenya, whe...
Apache Agrees to Sell Argentina Operations for $852m
Argentina >> 2/12/2014 - Apache Corporation and its subsidiaries announced an agreement to sell all of its operations in Argentina to YPF Sociedad Anonima for cash payment of $800 million plus the assumption of $52 million of...
Jacobs Announces Acquisition of Eagleton Engineering
United States >> 2/11/2014 - Jacobs Engineering Group Inc. announced that it has acquired Eagleton Engineering, LLC (Eagleton) headquartered in Houston, Texas. The acquisition enhances Jacobs’ capabilities in midstream and upstre...
Indonesia Appoints Winners in $4B Jangrik Gas Projects
Indonesia >> 2/11/2014 - Indonesia's state energy regulator, SKKMigas, has appointed firms for the $4.1 billion development of Jangrik and North East Jangrik offshore gas and condensate fields operated by Eni, heralding the c...
Kea Petroleum Provides Farm-out and Operations Update
New Zealand >> 2/11/2014 - Kea Petroleum plc, the oil and gas company focused on New Zealand, announces an update on progress with the farm-out of PEP 51153 and on production at Puka. ...
Brownstone to Divest Of Llanos 27 Project
Colombia >> 2/11/2014 - Brownstone Energy Inc has entered into an agreement to assign all of its 34.25% oil and gas participation interest in the Llanos 27 Project located in the Llanos Basin of Central Colombia (“Block 27”)...
Global Provides Update on Permit Applications in the Southern Adriatic
Italy >> 2/10/2014 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces an update to the Company's business development programme. The Company is please...
ERHC Energy Completes Kenya Block 11A Farm-out to CEPSA
Kenya >> 2/10/2014 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, is pleased to announce the completion of its farm-out agreement with CEPSA (Compania Espanola de Pet...
Woodside Enters Mou With Leviathan Participants
Israel >> 2/7/2014 - Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration (1992) LP, have agreed to convert a previou...

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