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Acquisitions and Divestitures News

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. ...
KrisEnergy Acquires G3/48 Stake in Gulf of Thailand
Thailand >> 1/28/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, is pleased to announce that its wholly owned subsidiary, KrisEnergy (Gulf of Thailand) Ltd, has acquired from Mubadala Petroleum a 60% work...
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...
Sterling Completes Additional Farmin to Odewayne Block
Somalia >> 1/27/2014 - On 8th November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (S...
Nigeria Court Rules Chevron Cannot Sell Assets Pending Dispute
Nigeria >> 1/27/2014 - A Nigerian court upheld an order barring Chevron from selling its onshore assets until a legal dispute with local firm Brittania-U is resolved, Brittania-U's lawyers said outside the court. Brittania-...
Ghanaian Parliament Ratifies South Deepwater Tano Agreement
Ghana >> 1/27/2014 - The Parliament of the Republic of Ghana has ratified the Petroleum Agreement among the Government of Ghana, Ghana National Petroleum Corporation (GNPC), GNPC Exploration and Production Company Limited...
Tower Provides Operational Update and Issue of Equity
Namibia >> 1/24/2014 - Tower Resources plc, the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the following update with respect to the possible farm-out of part of its interests in Namib...
New World Secures 6m Extension for the Danica Jutland Licences
Denmark >> 1/23/2014 - New World Oil and Gas Plc has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 ('the Licences') at its Danica Jutland Project in Western Denmark. This e...
Suriname's Staatsolie Inks Oil Deal with Tullow, Statoil
Suriname >> 1/23/2014 - Suriname's state oil company Staatsolie signed a 30-year deal with Britain's Tullow Oil and Norway's Statoil to invest $35 million in the exploration of an offshore oil block. ...
Dana Awarded Three New Exploration Licences in Norway
Norway >> 1/23/2014 - Dana Petroleum has been awarded three new exploration licences by the Norwegian Ministry of Petroleum and Energy. ...
Wintershall Awarded Eight New Licenses in Norway
Norway >> 1/23/2014 - Wintershall is continuing its growth course in northern Europe: in the current licensing round APA 2013 ("Awards in Predefined Areas"), the Norwegian Petroleum and Energy Ministry has awarded eight ne...
Faroe Awarded 10 New Exploration Licences in Norway
Norway >> 1/22/2014 - Faroe Petroleum has been awarded 10 new prospective exploration licences, including two operatorships, under the 2013 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Contine...
Orkustofnun Grants a Third Licence in the Dreki Area
Iceland >> 1/22/2014 - The licence is granted to CNOOC Iceland ehf. as operator with 60 % share, Eykon Energy ehf with 15 % share and Petoro Iceland AS with 25 % share. ...
Noreco Awarded Five Licences in APA 2013
Norway >> 1/21/2014 - Noreco has been awarded five new licences in the 2013 Awards in Predefined Areas (APA) in Norway (see attached maps). In two of these, Noreco has been offered operatorship. ...
Rose Completes Acquisition of 2 Licences in Germany
Germany >> 1/21/2014 - Rose Petroleum (formerly VANE Minerals), the AIM-listed natural resources company, is pleased to announce the completion of its purchase of the entire issued share capital of Parkyn Energy Holdings pl...
Det norske Awarded Six New Licences
Norway >> 1/21/2014 - Det norske oljeselskap ASA has been awarded six new licences, of which two as operator. Det norske is very pleased with the awards. ...
Statoil Awarded New Acreage on the Norwegian Continental Shelf
Norway >> 1/21/2014 - Statoil has been awarded interests in 10 production licences in the Awards in Predefined Areas 2013 (APA 2013) on the Norwegian continental shelf. Statoil will be the operator in 7 of the licences. ...
Lundin Awarded 9 Licences in Norwegian Licensing Round
Norway >> 1/21/2014 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded nine exploration licence interests in the 2013 Norwegian Licensing Round (Awards in Predef...
Rocksource Awarded 5 New Licenses in the APA 2013 Licensing Round
Norway >> 1/21/2014 - Rocksource ASA is pleased to announce the award of five new licenses in the APA 2013 Licensing Round on the Norwegian Continental Shelf announced by the Ministry of Petroleum and Energy. ...
Shell Sells Wheatstone LNG Stake in Australia
Shell Sells Wheatstone LNG Stake in Australia Australia >> 1/20/2014 - Royal Dutch Shell plc (Shell) announced it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone liquefied nat...

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