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Acquisitions and Divestitures News

Ithaca Enters Agreements with Oyster & TOTAL
United Kingdom >> 12/20/2013 - Ithaca Energy Inc executed an agreement with Oyster Petroleum Limited that results in further monetisation of the Handcross exploration prospect ahead of drilling the scheduled commitment well. The C...
RWE Dea Aawarded Operatorship in Three New Licenses
United Kingdom >> 12/20/2013 - In addition to the two 27th Round licences awarded earlier this year, P2018 West of Shetland and P1975 Northern North Sea, RWE Dea UK has recently been awarded a further three licences. ...
Lundin Provides Johan Sverdrup Update
Norway >> 12/20/2013 - Lundin Petroleum AB provides an update with respect to the progress on the Johan Sverdrup field. ...
Atlantic Petroleum Farms in to Norwegian Licence PL659
Norway >> 12/19/2013 - Atlantic Petroleum has reached an agreement with Det norske oljeselskap ASA to acquire a 10% interest in the Norwegian Licence PL659 in return for carrying a share of the cost of the upcoming explorat...
Simba Terminates Block 2A Farmout Negotiations with Ajax
Kenya >> 12/19/2013 - Simba Energy Inc. (Simba) announces that it has terminated negotiations with Ajax Exploration Ltd. (Ajax) of a definitive farmout agreement in respect of a farmout of a 66% interest and operatorship o...
Indonesia to Tender 27 Oil and Gas Blocks in 2014
Indonesia >> 12/19/2013 - Indonesia plans to offer 27 oil and gas blocks in 2014 in both regular tenders and direct offers, a government official said, as the former OPEC member pushes to support its ballooning energy demands ...
Methanex Sells 10% Stake in Egypt Methanol JV
Egypt >> 12/19/2013 - Methanex Corporation is pleased to announce it has completed its sale of an approximate 10% equity share in Egyptian Methanex Methanol Company S.A.E. (EMethanex) to Arab Petroleum Investments Corporat...
Fastnet Executes Farmout Agreement with SK Group
Morocco >> 12/18/2013 - Highlights
- Farmout agreement entered into with Korean-listed SK Innovation, an affiliate of SK Group the third largest conglomerate in South Korea, for half of Fastnet's interest, in the...
Oando to Raise $193m to Fund ConocoPhillips Deal
Nigeria >> 12/18/2013 - Nigerian energy firm Oando is offering 30.75 billion naira ($193 mln) in shares to help it buy ConocoPhillips' assets in Nigeria, bankers close to the deal told Reuters. ...
OMV Acquires Interests in Ophir's Blocks in Gabon
Gabon >> 12/18/2013 - Ophir Energy plc has entered into a comprehensive farm-out agreement with OMV covering its deepwater offshore blocks in Gabon. ...
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. ...
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). ...
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. ...
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...
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...
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...

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