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Acquisitions and Divestitures News

Baytex to Acquire Aurora Oil & Gas
United States >> 2/6/2014 - Baytex Energy Corp.and Aurora Oil & Gas Limited have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the “Arrangement”), 100% of the shares...
Asset Sales by S.Korea Firms May Include Akkas Field
Iraq >> 2/6/2014 - Plans by South Korea's state-run energy firms to sell billions of dollars of overseas assets include the possible sale of stakes in Iraq's Akkas gas field, Australia's Bylong thermal coal fields and C...
FAR Signs Farmout Agreement with Milio for Kenya Block L6
Kenya >> 2/4/2014 - FAR Ltd (FAR) has completed the first farm in deal on its highly prospective onshore and offshore Kenya exploration permit, Block L6, located in the Lamu basin. Under the terms of the farm-in with Mil...
North Sea Signs Agreement with Ithaca Regarding withdrawal from the Jacky Field
United Kingdom >> 2/4/2014 - North Sea Energy Inc is pleased to announce that, through its wholly owned subsidiary North Sea Energy (UK) Limited (“NSE UK”), the Company has signed an agreement (the “Agreement”) with Ithaca Energy...
PetraGas Awarded Petroleum Exploration Licence in Tasmania
Australia >> 2/4/2014 - Petratherm advises that its wholly owned subsidiary, PetraGas Pty. Ltd., has been awarded a Petroleum Exploration Licence (EL3/2013) covering approximately 3,900 square kilometres, north of Hobart in ...
IGas Energy Completed Farm-out Agreement with Total E&P UK
United Kingdom >> 2/4/2014 - Further to the announcement of 13th January 2014, IGas, one of the leading producers of onshore oil and gas in the UK, announces the completion of the farm-out agreement with Total E&P UK Limited. IGa...
Total Sells its 15% Interest in Block 15/06 to Sonangol
Angola >> 2/4/2014 - Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approva...
Marathon Announces Purchase of Biodiesel Facility from Felda Iffco
Malaysia >> 2/3/2014 - Marathon Petroleum Corporation announced that it has signed an agreement to purchase a facility in Cincinnati, Ohio from Felda Iffco Sdn Bhd, Malaysia. The plant currently produces several products in...
Formal Addendum to Ruvuma Production Sharing Agreement
Tanzania >> 2/3/2014 - Aminex PLC (Aminex) is pleased to announce that a formal Addendum to the Ruvuma Production Sharing Agreement has been signed with the Tanzanian Minister of Energy and Mines. ...
Touchstone Announces Successful Bid in 2013 Bid Round
Trinidad and Tobago >> 2/3/2014 - Touchstone Exploration Inc. is pleased to announce that the Ministry of Energy and Energy Affairs ("MEEA") has informed Touchstone that its application, made through the Company's wholly owned Trinida...
Range Announces Successful Bid for St. Mary’s Block
Trinidad and Tobago >> 2/3/2014 - The Board of Range has been successful with its bid for the St. Mary’s block in Trinidad following the submission in the Trinidad Onshore Bid Round 2013. The successful bid was formally announced by t...
Vanoil Provides Update on License Renewals in Kenya
Kenya >> 2/3/2014 - Vanoil Energy Ltd., (Vanoil), a Vancouver-based Canadian international oil and gas development company wishes to confirm ongoing discussions with the Kenyan Government with regard to its license renew...
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...
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...
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 ...
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...
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...

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