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Acquisitions and Divestitures News

VNG Norge Strengthens Its Position in the Norwegian Sea
Norway >> 6/19/2014 - VNG Norge AS has entered into an agreement to purchase Chevron Norge AS’s interest in Draugen and, subject to regulatory and government approval, will become a partner in the underlying licences with ...
Swala Energy Requests Trading Halt Ahead of Kenya Farmout
Tanzania >> 6/19/2014 - In accordance with ASX Listing Rule 17.1, Swala Energy Limited (Swala) requests that a trading halt be implemented in respect of all Swala securities quoted on the ASX, pending an announcement from th...
Russia's Lukoil in Talks with Hess over Ghana Project
Ghana >> 6/18/2014 - Lukoil is in talks with U.S. oil firm Hess Corp to buy a stake in its offshore project in Ghana, two sources close to the talks said, as part of its strategy to look beyond a closed Russian market. Lu...
Nigerian Government Approved $1.65b Acquisition of Conocophillips
Nigeria >> 6/18/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for th...
Serica Acquire 8% Interest in UK Blocks 23/26a & 23/26b
United Kingdom >> 6/17/2014 - Serica Energy plc has agreed to acquire an 18% interest in UK blocks 23/26a (Area B) and 23/26b (Area B) containing the Erskine Field, located in the UK Central North Sea, from BP Exploration Operatin...
Agreement to Sell Interest in CATS Pipeline & Infrastructure for Ł562m
United Kingdom >> 6/17/2014 - BG Group had agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners fo...
Lundin Petroleum Increases Interest in PL359, Offshore Norway
Norway >> 6/17/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS is pleased to announce that it has entered into agreements to acquire an additional 25 percent interest in PL359, which contain...
Asset Swap in the North Sea
Norway >> 6/17/2014 - Det norske oljeselskap ASA (DETNOR) has signed an agreement with Spike Exploration to swap a 10 percent interest in licence 554/B/C containing the Garantiana oil discovery for a 20 percent interest in...
Beach Energy Acquires Interest in Permit T/49P from 3D Oil
Australia >> 6/16/2014 - Beach Energy Limited has executed a binding sale and purchase agreement (“SPA”) for the purchase of a 20% interest in the T/49P offshore exploration permit in the Otway Basin from 3D Oil Limited. In a...
Noble Acquires Interest in Exploration Leases in GOM
United States >> 6/16/2014 - Noble Energy, Inc. has reached an agreement with BP Exploration & Production Inc. to acquire 50 percent of BP's interest in 17 deepwater exploration leases in the Gulf of Mexico. Each of the leases r...
INPEX Awarded Permit to Explore Block WA-504-P
Australia >> 6/13/2014 - Inpex Corporation is pleased to announce that Inpex Browse E&P Pty Ltd, a subsidiary, was awarded an exploration permit for Release Area WA-504-P (the Block). INPEX Browse will hold a 40% participat...
Chevron Announces Sale of Interests in Chad and Cameroon
Chad >> 6/13/2014 - Chevron Corporation announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipel...
First Colombia Announces Plans To Acquire Oil And Gas Assets
Colombia >> 6/12/2014 - First Colombia Gold is pleased to announce plans to acquire oil and gas assets as part of its expansion. The goal of management is to become a Natural Resource company focused on building shareholder ...
Sound Oil Receives Permit Award for Laura Gas Discovery
Italy >> 6/12/2014 - Sound Oil has received the formal award of the D.R74.AP Permit (previously the D150DR-CS Permit) from the Italian Ministry of Economic Development. ...
Eni Signs A Strategic Agreement with KazMunayGas
Kazakhstan >> 6/12/2014 - In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbayev,...
Niko Sells its Equity Stake in Block 5
Trinidad and Tobago >> 6/12/2014 - Niko Resources Ltd. announced that the Government of Trinidad and Tobago has approved the previously announced sale of a 25% interest in Block 5(c) in Trinidad and Tobago to a subsidiary of the BG Gro...
Essar Group Plans to Sell UK Refinery
United Kingdom >> 6/11/2014 - India's Essar Group plans to sell the Stanlow refinery in Britain, three sources familiar with the matter said. ...
President Acquires Further 5% Interest in Pirity Concession
Paraguay >> 6/10/2014 - President announces the acquisition of the entire issued share capital of LCH SA ("LCH"), a Paraguayan company which has a carried 5% Participating Interest in the Pirity Concession, where President h...
Petrolia Enters into Agreement with Det norske
Norway >> 6/10/2014 - Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Det norske oljeselskap ASA to purchase 10% in PL 558. PL558 is located in the Norwegian Sea east and adjacent t...
Zeta Provides Update on Acquisition of Interest in Proven Oil Concession, Romania
Romania >> 6/10/2014 - Zeta Petroleum plc, the ASX listed oil and gas exploration and production company, announces an update in relation to the proposed acquisition of an interest in an oil concession in Romania, further d...

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