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Acquisitions and Divestitures News

Rocksource Concludes PL 509S & BS Farm-in Agreement
Norway >> 12/17/2013 - Rocksource ASA has executed closing of the farm-in agreement with Fortis Petroleum Norway AS for a ten per cent interest in licences PL 509S & BS on the Norwegian Continental Shelf (NCS). ...
Range Completes Farm in Agreement with Niko Resources 
Trinidad and Tobago >> 12/17/2013 - Range Resources Limited is pleased to announce that further to its announcement on 4 July 2013, the farm-in agreement has now been formally executed with Niko Resources Ltd the leading ...
Farm-out of Interest in Valleys Licence P.2032
United Kingdom >> 12/17/2013 - Trapoil entered into a Farm-out Agreement relating to its equity interest in Licence P.2032 (Blocks 21/8c, 21/9c, 21/10c, 21/14a and 21/15b) ("Valleys") with Total E&P UK Limited. ...
Petrel Increases Stake in Uruguay & Spain
Uruguay >> 12/16/2013 - Petrel Energy Limited has exercised its first option with Schuepbach Energy International LLC (SEI) for US$5.5m increasing its interests in the Norte Basin Uruguay project from 25% to 51% and its inte...
PA Resources Announces Farm-out of Denmark & German Assets
Denmark >> 12/16/2013 - PA Resources is divesting a 40% interest in Licence 12/06 in Denmark and a 56% interest in Licence B20008/73 in Germany to Dana Petroleum. ...
Wintershall to Sell Assets in the North Sea to MOL
United Kingdom >> 12/13/2013 - Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acqui...
NZEC Completes Acquisition of 80% Interest in Wairoa Permit
New Zealand >> 12/13/2013 - New Zealand Energy Corp and its wholly-owned subsidiary, NZEC Wairoa Limited, have received final approval from New Zealand Petroleum & Minerals ("NZPAM") to acquire 80% ownership of the Wairoa Permit...
Letter of Intent for Acquiring Stake in Polvo Field
Brazil >> 12/13/2013 - BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo oil field in Brazil. The definitive agreements are still subject to a due diligence process to be conducted by BW Offshore, and re...
C-NLOPB Rejects Shoal Point Application to Extend Part of EL 1097R
Canada >> 12/12/2013 - The Canada Newfoundland Labrador Offshore Petroleum Board (C-NLOPB) had on December 5, 2013 rejected the Company's application to extend part of Exploration Licence 1097R (EL 1097R) until January 15, ...
Brady Terminates Discussions for the Acquisitions of EER's Interest
Nigeria >> 12/12/2013 - On 31 October 2013, Brady was continuing to work towards the acquisition of the entire issued share capital of EER, a UK incorporated company with oil and gas interests in Nigeria. The proposed acqui...
PGN Says no Approach by Pertamina on Takeover Plan
Indonesia >> 12/12/2013 - Indonesian state oil firm Pertamina wants to buy the country's main natural gas distributor, state-owned PT Perusahaan Gas Negara (PGN) , but has made no official approach, a PGN spokesman said.
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PTTEP New Zealand Ltd Withdraws from PEP 50119
New Zealand >> 12/12/2013 - As operator, Shell New Zealand has confirmed that PTTEP New Zealand Ltd has withdrawn its 18% share from the Great South Basin venture (PEP 50119). PTTEP has made the decision based on its current inv...
Global Provides Namibia Farm Down Update
Namibia >> 12/12/2013 - Global Petroleum Limited updates the proposed farm down of the Company's 85% participating interest in Petroleum Exploration Licence No. 0029 ("the Licence") covering Offshore Blocks 1910B and 2010A i...
CEPSA Acquired 25% Stake in Suriname Block 53
Suriname >> 12/11/2013 - CEPSA closed a deal with Apache Suriname Corporation LDC, a subsidiary of the U.S. oil and gas company Apache Corporation, to acquire a 25% stake in Block 53, located offshore Suriname in the northern...
Israel Grants Zion Megiddo-Jezreel Exploration License
Israel >> 12/11/2013 - The State of Israel’s Petroleum Commissioner awarded Zion Oil & Gas, Inc. (ZN) the Megiddo-Jezreel Petroleum Exploration License No. 401, on December 3, 2013. ...
Independent Extended Blythe and Skipper Licences
United Kingdom >> 12/11/2013 - 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 extended by 3 months to 31st March 2014. It is...
Salamander Signs Malaysian PSC
Malaysia >> 12/11/2013 - Salamander has signed a Production Sharing Contract (“PSC”) for Block PM322, located in the Melaka Straits on the Malay side of the Central Sumatra Basin, offshore West Coast Peninsular Malaysia. Bloc...
GDF SUEZ Announces Success in 27th Licensing Round Awards
United Kingdom >> 12/10/2013 - GDF SUEZ E&P UK Ltd is pleased to announce that it has been awarded five further licences in the Southern North Sea (SNS), three as operator, in the second tranche of the 27th offshore oil and gas lic...
Talisman Announces $595m Sale of Colombian Pipeline Interest
Colombia >> 12/10/2013 - Talisman Energy Inc announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent ...
Woodside Sees Final Decision on Leviathan in 2014
Israel >> 12/10/2013 - Woodside Petroleum Ltd said it expects to make a final decision on an investment in Israel's Leviathan field in the first half of 2014, around the time that Israel is likely to finalise its tax policy...

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