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Acquisitions and Divestitures News

DNO International Completes Tunisian Acquisition
Tunisia >> 1/20/2014 - DNO International ASA completed the farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia, pursuant to...
Licence Applications with Statoil to Revert to BPC
United States >> 1/20/2014 - Bahamas Petroleum announces that it has received notification from Statoil of its intention to discontinue the joint licence development agreement ("JLDA") held with the Company following significant ...
Mubadala Petroleum Moves Forward in Malaysia
Malaysia >> 1/19/2014 - Mubadala Petroleum has coupled recent exploration success with expanding interests to develop its position offshore Malaysia. ...
Recognition of Impairment Loss & Provision for Operations in Libya
Libya >> 1/17/2014 - The Management Board of PGNiG announces recognition, as at December 31st 2013, of an impairment loss on PGNiG's interest in Polish Oil and Gas Company Libya BV (POGC Libya), a wholly owned subsidiary ...
Rawson Resources Acquires Remaining Shares in Otway Energy
Austria >> 1/17/2014 - Rawson Resources Ltd (Rawson) is pleased to advise that it has today entered into a Share Purchase Agreement (“SPA”) to increase its interest in Otway Energy (Otway) to 100%. ...
Three Bidders Emerge in Auction for RWE DEA Unit
Germany >> 1/17/2014 - Three bidders are expected to hand in initial offers for RWE DEA, the oil and gas exploration and production unit of Germany's second-biggest utility RWE, four people close to the negotiations told Re...
Condor Receives Final Approval for the Sale of Marsel
Kazakhstan >> 1/16/2014 - Condor Petroleum Inc is pleased to announce the receipt of Kazakhstan Antimonopoly Agency approval for the sale of Condor’s 66% interest in the Marsel Territory for US$88 million (the “Marsel Transac...
Dragon Oil Farms in into an Offshore Block in the Philippines
Philippines >> 1/16/2014 - Dragon Oil plc has signed a farm-in agreement with Nido Petroleum Philippines Limited for Service Contract 63 (SC 63) NW Palawan Basin, offshore the Philippines. ...
Addax Signs a New Partnership with the Gabonese Republic
Gabon >> 1/16/2014 - Addax Petroleum is pleased to announce the successful conclusion of its negotiations with the Gabonese Republic, which marks the beginning of a new mutually beneficial partnership for the next ten yea...
Rose Provide Update on Agreement in Germany
Germany >> 1/15/2014 - Rose Petroleum, the AIM-listed natural resources company, is pleased to announce an update in relation to its agreement to acquire two hydrocarbon licences over 635,000 acres (the "Licences"), further...
UKOG Agrees to Buy 10% Interests in the UK
United Kingdom >> 1/15/2014 - UK Oil & Gas Plc has reached agreement to acquire Angus Energy Eakring Development Limited and Angus Energy Kirklington Development Limited which in turn own 10% interests in onshore UK Petroleum Expl...
Maersk Acquires Two Exploration Blocks in Kurdistan Region
Maersk Acquires Two Exploration Blocks in Kurdistan Region Iraq >> 1/14/2014 - The Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40% non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A. ...
Shell to Sell $15b of Assets Including Some North Sea Fields
United States >> 1/14/2014 - Royal Dutch Shell could look to sell $15 billion (9.12 billion pounds) worth of assets over the next two years including some North Sea fields, said a media report, expanding on its existing guidance ...
NOVATEK Closes Sale of 20% Interest in Yamal LNG to CNPC
NOVATEK Closes Sale of 20% Interest in Yamal LNG to CNPC Russia >> 1/14/2014 - NOVATEK closed the sale of a 20% participation interest in Yamal LNG Project (Project) to CNODC, a subsidiary of China National Petroleum Corporation (CNPC), upon the receipt of all necessary regulato...
Gazprom Neft Acquired Russia's Largest Polymer Modified Bitumen Plant
Gazprom Neft Acquired Russia's Largest Polymer Modified Bitumen Plant Russia >> 1/14/2014 - Gazprom Neft has acquired 100% of the authorized capital of SYNTAZ OIL LLC, which owns Ryazan Petrochemical Experimental Plant JSC. Purchase of this asset will enable the company to become a leading p...
ONGC Looking to Buy Small Stake in Libra Project
Brazil >> 1/14/2014 - ONGC Videsh (OVL), the overseas investment arm of state explorer Oil and Natural Gas Corp, is in talks with Petrobras to buy a stake in the Libra pre-salt project in Brazil, its managing director D.K....
Reliance Industries Considering Carabobo Stake
Venezuela >> 1/14/2014 - Reliance Industries is considering taking an 11 percent stake in one of Venezuela's biggest petroleum projects, the energy major said, strengthening ties between the Latin American nation and its top ...
Legal Challenges Delay Chevron's $1b Nigeria Oil Block Sales
Nigeria >> 1/13/2014 - Chevron faces delays in closing sales of oil blocks in Nigeria worth up to $1 billion because of legal disputes involving potential buyers, industry sources say, highlighting a risk other oil majors c...
President Energy Acquired Interest in Hernandarias Block
Paraguay >> 1/10/2014 - President announces that, subject to Governmental and regulatory approvals, it has been granted an option at no cost to the staged farm-in of an up to 80% maximum participating interest in the Hernand...
Hess Completes Sale of Pangkah Asset in Indonesia
Indonesia >> 1/10/2014 - Hess Corporation completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration o...

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