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Acquisitions and Divestitures News

German Utility E.ON Plans Sale of Italian Business
Italy >> 11/28/2013 - Germany utility E.ON (EOAN.DE) has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to...
Dragon Oil Awarded an Exploration Block in Egypt
Egypt >> 11/28/2013 - Dragon Oil plc, an international oil and gas exploration, development and production company, is pleased to announce that we have been notified by Ganoub El Wadi Holding Petroleum Company (Ganope), on...
Result of the 12th Bidding Round of ANP
Brazil >> 11/28/2013 - Petrobras has acquired, alone or in partnership, 49 blocks, out of the 50 to which the company presented offers, in the 12th Bidding Round held by the Brazilian National Petroleum, Natural Gas an Biof...
Japan & Indian Groups May Split 10 % in Yamal LNG Plant
Russia >> 11/28/2013 - Two groups of Japanese and Indian companies may take a combined stake of almost 10 percent in Russia's Yamal liquefied natural gas (LNG) project, which would benefit from broader access to Asian marke...
Petrochina Acquires 25% Interest in the WQ1 TSC
Iraq >> 11/28/2013 - PetroChina Company Limited makes formal delivery for the acquisition, through its wholly-owned subsidiary, of 25% interests in the Technical Service Contract (TSC) for West Qurna-1 (WQ1) in Iraq held ...
Eni Signs PSA for Offshore Exploration & Development in Ukraine
Ukraine >> 11/27/2013 - Eni signed a Production Sharing Agreement with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovi? , for the ...
Mozambique Targets New Hydrocarbon Licensing Round in 2014
Mozambique >> 11/27/2013 - Mozambique is poised to launch its fifth oil and gas bidding round next year, mainly offshore, and is waiting for parliament to pass an amended petroleum law, a government official said. ...
East West Corp Announces Ratification of Romanian Concessions
Romania >> 11/27/2013 - East West Petroleum Corp, is pleased to announce that following publication in the Official Gazette of Romanian No 0721, the Company has received formal ratification of the remaining three blocks awar...
ConocoPhillips Completes Sale of Algeria Business Unit
Algeria >> 11/27/2013 - ConocoPhillips announced it has completed the transaction with Pertamina for the sale of its Algeria business unit for a total sales price of $1.75 billion, which resulted in proceeds of $1.65 billion...
AWE Completes AAL Selldown
Indonesia >> 11/25/2013 - AWE Limited, is pleased to announce that the sale of a 50% participating interest in the Northwest Natuna PSC, including the 101 million barrel (K-Sand) Ande Ande Lumut oil project, to a subsidiary of...
Andes Won New Exploration Licence in Paraguay
Paraguay >> 11/25/2013 - The Board of Andes, is pleased to announce the award by the Government of Paraguay of new a exploration permit on a block named "Capitan Mesa", located in the Itapua Department in the southeast region...
OGX Sells 35% Stake in POT-M-475 Block to Exxonmobil
Brazil >> 11/22/2013 - OGX Petroleo e Gas Participacoes S.A. (“OGX”), announces that it has entered into an agreement with ExxonMobil Exploracao Brasil Ltda (“Exxon”), aiming to sell a 35% interest, transferring the operati...
Rosneft Brazil Ups Stake in Solimoes Project
Brazil >> 11/22/2013 - Rosneft announces that its subsidiary Rosneft Brazil signed an agreement and related preliminary documentation with HRT subsidiary HRT O&G to acquire additional 6% in the Solimoes project. This will l...
NuEnergy Announces Farm-In to Rengat PSC
Indonesia >> 11/21/2013 - NuEnergy Gas has announced that it has issued a written offer to a potential strategic investor. The offer includes an investment in the company and a farm-in to the Rengat PSC located in Sumatra, Ind...
CAMAC Energy to Acquire Interests from Allied Energy
Nigeria >> 11/20/2013 - CAMAC Energy Inc announced that it has entered into a definitive agreement to acquire the remaining economic interests that it does not currently own in the production sharing contract covering Oil Mi...
Cooper Energy to Spread Its Acquisitions in South Australian
Cooper Energy to Spread Its Acquisitions in South Australian Australia >> 11/19/2013 - Cooper Energy Limited (Cooper Energy) announces that it has entered into agreements which will give it a greater spread of exposure in the South Australian section of Penola Trough of the Otway Basin ...
Alvopetro Sell Brazilian Assets to Petrominerales
Brazil >> 11/19/2013 - Alvopetro Inc has closed a transaction with Petrominerales Ltd to sell its 25 percent interest in 10 exploration blocks located in the Reconcavo Basin and three marginal fields located in Brazil for $...
Harvest Revised Proposal for Venezuela Interests
Venezuela >> 11/19/2013 - Harvest Natural Resources, Inc. announced updated information about its continuing discussions with Pluspetrol Venezuela S.A. to sell Harvest's 32% interest in Petrodelta, S.A., its Venezuelan equity ...
Petronas Rescinds $850m Deal for Stake in OGX Blocks
Brazil >> 11/18/2013 - Brazilian oil company OGX,which is in bankruptcy and controlled by former billionaire EikeBatista, said that Malaysia's Petroliam Nasional Bhd (Petronas) had rescinded a deal to buy a 40 percentstake ...
Niger Awards Second Oil Permit to CNPC
Niger >> 11/16/2013 - The government of Niger has awarded China National Petroleum Corporation (CNPC) a second operating permit in the Agadem block and plans to export the oil via Chad and Cameroon, state television report...

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