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Acquisitions and Divestitures News

Imperial Agrees to Sell Western Canada Conventional Oil & Gas Assets
Canada >> 3/17/2014 - Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for a...
Italian Ministry Approved the San Lorenzo Production Concession
Italy >> 3/14/2014 - Sound Oil, the Italian focused upstream oil and gas company, is pleased to announce that approval of the San Lorenzo Production Concession has now been received from the Italian Ministry of Economic D...
Apache Completes Sale of Argentina Assets to YPF
Argentina >> 3/12/2014 - Apache Corporation has completed the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima for cash payment of US $800 millionplus the assumption of $52 million ...
KrisEnergy Expands Bangladesh Footprint with Block SS-11
Bangladesh >> 3/12/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, is pleased to announce that it has been awarded a 45% non operating working interest in the production sharing contract (“PSC”) for the sha...
UAE, Oman and Iraq Lead Middle East Oil & Gas Transactions in 2013
Egypt >> 3/10/2014 - According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE, Oman and Iraq represented almost 60 percent of the total number of upstream transact...
Swala Energy to Farm Out 25% Stake in Kenya's Block 12B
Kenya >> 3/10/2014 - Swala Energy Limited (Swala) is pleased to announce the signing of a binding farm-out agreement for a 25% working interest in Block 12B (Kenya) with an international integrated oil and gas company (th...
Farm-out Agreement for Bolivar Contract Area
Colombia >> 3/10/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, is pleased to announce that it has signed a farm-out agr...
Triangle Energy to Discontinue Moroccan Applications
Morocco >> 3/10/2014 - With reference to the ASX announcement dated 12 December 2012 wherein Triangle Energy signed a Letter of Intent covering six Moroccan exploration blocks with Morocco’s Mines and Petroleum Office, ONHY...
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 ...
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...
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...
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. ...
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. ...
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. ...
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...
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...
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...
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: ...

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