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Acquisitions and Divestitures News

18 Month Extension of Blythe and Skipper Licences
United Kingdom >> 3/3/2014 - Further to the update of 7th February 2014, the Board of Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to confirm that the Blythe and Skipper licences have been ex...
Carnarvon Petroleum Sells Thailand Concessions to Loyz Energy
Thailand >> 3/3/2014 - Carnarvon Petroleum entered into a Sale and Purchase Agreement (SPA) to divest half of its 40% interest in the Thailand concessions L44/43, L33/43 and SW1A (Thai assets) to Loyz Energy. ...
OER Extends Completion Date for Acquisition of Nigeria Business of ConocoPhillips
Nigeria >> 3/3/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013, November ...
Pakistan Petroleum Signs PCAs with OMV
Pakistan >> 2/28/2014 - Pakistan Petroleum Limited (PPL) signed three Exploration Licenses (ELs) and Petroleum Concession Agreements (PCAs) with the Government of Pakistan in Islamabad on February 28 for Blocks 2569-5 (Khipr...
PetroNova Enters into Farm-out Agreement with Pacific
Colombia >> 2/28/2014 - PetroNova Inc, a company engaged in the exploration and development of oil and natural gas resources in Colombia, is pleased to announce that its indirect wholly owned subsidiary, PetroNova Colombia I...
OVL Completes Acquisition of 10% Interest in the Rovuma Area 1 Offshore Block
Mozambique >> 2/28/2014 - ONGC Videsh Limited (OVL) completed the acquisition of 10% participating interest (“PI”) in the Rovuma Area 1 offshore Block from Anadarko Moçambique Area 1 Limitada (“Anadarko”). On the 24th August 2...
KrisEnergy Exits G3/48 in Thailand Due to Pre-emption
Thailand >> 2/26/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, announces that subsequent to the announcement of 28 January 2014, the Company has withdrawn from the acquisition process for a 60% operated...
KrisEnergy Adds Sakti PSC to Indonesia Portfolio
Indonesia >> 2/26/2014 - KrisEnergy Ltd. ,an independent upstream oil and gas company, announces that it has been awarded the operatorship and a 95% working interest in the Sakti Production Sharing Contract (“PSC”) offshore E...
Oil Search Plans Big Acquisition
Papua-New Guinea >> 2/25/2014 - Oil Search was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil's gas fields in Papua New Guinea. ...
Central Petroleum Awarded Production Licence in Australia
Australia >> 2/25/2014 - Central Petroleum advises that in a handover ceremony at Parliament House this morning, the Honourable Willem Westra Van Holthe MLA signed Production Licence #6 granting Central Petroleum Ltd its Prod...
Angola's Sonangol to Pull Out of Two Oilfields in Iraq
Iraq >> 2/25/2014 - Angolan state oil firm Sonangol has decided to exit Iraq due to security problems in a conflict region where it has operated two fields, a board member said. ...
Nido Acquires 15% Interest in Baronang PSC
Indonesia >> 2/24/2014 - Nido Petroleum Limited is pleased to advise that, in accordance with the terms and conditions of the farm-in agreement with Lundin Baronang BV (Lundin), the Company has exercised its option to increas...
Gazprom’s Next Acquisition in Algeria
Algeria >> 2/24/2014 - Russia’s oil and natural gas state monopoly Gazprom has been offered joint venture exploration projects in Algeria, the first foreign company to be invited to work in the country. The offer was discus...
Europa Oil Renewed Its 100% Tarbes Val d'Adour Permit
France >> 2/24/2014 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce the renewal of its 100% owned Tarbes Val d'Adour p...
KRG Exercises Back-in Right to Miran PSC
KRG Exercises Back-in Right to Miran PSC Iraq >> 2/23/2014 - Genel Energy plc (Genel) announces that, the Kurdistan Regional Government (KRG) notified the Company of its intention, pursuant to the Miran Production Sharing Contract (PSC), to exercise its Option ...
Lime Norway Acquire 20% Interest in New License
Norway >> 2/21/2014 - Lime Petroleum Norway AS has on 20 February 2014 signed an agreement with North Energy ASA to acquire a 20 per cent stake in a new licence in Norway, PL509CS. North Energy was awarded operatorship of ...
Shell Agrees Sale of Downstream Businesses in Australia to Vitol
Shell Agrees Sale of Downstream Businesses in Australia to Vitol Australia >> 2/21/2014 - Shell announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billio...
Pancontinental to Negotiate Renewal of Block 8 PSC
Kenya >> 2/21/2014 - Pancontinental Oil & Gas NL (Pancontinental) recently attended meetings with the Kenyan Ministry of Energy and Petroleum (the Ministry) to discuss the Kenyan offshore Block L8 Production Sharing Contr...
No New African Refineries without Govt Clarity on Policy
Algeria >> 2/20/2014 - In an environment of forecasted continuing weak refining margins, world-scale refinery plants, helped by low freight rates, will continue to pressurise product markets accessible by arbitrage, said Da...
Cap Energy Acquires an Indirect Interest in Block Djiffere
Senegal >> 2/20/2014 - Cap Energy PLC has acquired an indirect interest in the oil and gas exploration licence on the Block Djiffere (the "Djiffere Licence"), offshore Senegal. ...

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