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Acquisitions and Divestitures News

Petronas Rescinds $850m Deal for Stake in OGX Blocks
Brazil >> 11/18/2013 - Brazilian oil company OGX,which is in bankruptcy and controlled by former billionaire EikeBatista, said that Malaysia's Petroliam Nasional Bhd (Petronas) had rescinded a deal to buy a 40 percentstake ...
Niger Awards Second Oil Permit to CNPC
Niger >> 11/16/2013 - The government of Niger has awarded China National Petroleum Corporation (CNPC) a second operating permit in the Agadem block and plans to export the oil via Chad and Cameroon, state television report...
Sonde Terminates the Viking Farm-Out in North Africa
Tunisia >> 11/15/2013 - Sonde Resources Corp announced that the North Africa farm-out agreement with Viking Exploration and Production Tunisia Limited (“Viking”) has been terminated. ...
Ophir Energy to Sell 20% Interest in Tanzania Blocks
Tanzania >> 11/14/2013 - Ophir Energy plc (Ophir) is pleased to announce that it has entered into an agreement to sell to Pavilion Energy a 20 percent interest in Tanzanian Blocks 1, 3 and 4 for a maximum consideration of US$...
Apache Completes Egypt Partnership with Sinopec
Apache Completes Egypt Partnership with Sinopec Egypt >> 11/14/2013 - Apache Corporation announced completion of its previously disclosed sale of a one-third minority participation in its Egypt oil and gas business to Sinopec International Petroleum Exploration and Prod...
Fastnet to Farm-out a Share in Morocco
Morocco >> 11/14/2013 - Fastnet , the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, is pleased to announce that it has selected a preferred bidder ("Preferred Bidder") and entered...
GDF Enters Gas Licences for the First Time in Brazil
Brazil >> 11/14/2013 - GDF SUEZ has signed an ‘Asset Purchase Agreement’ (APA) with Vale S.A., one of the largest metals and mining company in the world, to acquire its 20% participating interest in two gas exploration bloc...
Hibiscus & 3D Oil Offered Production Licence for West Seahorse Field
Australia >> 11/14/2013 - 3D Oil Limited is pleased to announce that the National Offshore Petroleum Titles Administrator (NOPTA) has offered the VIC/P57 Joint Venture (JV) a Production Licence over the West Seahorse (WSH) oil...
Sasol Signs Exploration Right Permit to Explore Offshore ZA
South Africa >> 11/13/2013 - Sasol, through its upstream oil and gas subsidiary, Sasol Petroleum International, signed an Exploration Right permit to explore for hydrocarbons on the East Coast (Durban and Zululand basins), offsho...
ERHC Seeks Government Consent for Block 11A Farm out
Kenya >> 11/13/2013 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, issued an update on the Company’s progress. ...
Petrobras Signed $2.6bln Peru Sale to CNPC
Petrobras Signed $2.6bln Peru Sale to CNPC Peru >> 11/13/2013 - Petrobras announces that, after duly authorized by its Board of Directors, signed the sale of 100% of shares issued by its subsidiary Petrobras Energia Peru (PEP) to China National Petroleum Corporati...
Transactions Completed between BG & CNOOC for QCLNG Stake
Australia >> 11/11/2013 - BG Group announced it has completed transactions with China National Offshore Oil Corporation (CNOOC) for the sale of additional interests in the Queensland Curtis LNG (QCLNG) project in Australia for...
TransGlobe Signed New Concession Agreements in Egypt
Egypt >> 11/8/2013 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") is pleased to announce the signing of agreements for the four new Production Sharing Concessions in Egypt. All dollar values are expressed...
Congo Licensing Round to Offer Around 10 Oil Blocks
Congo >> 11/8/2013 - Congo Republic plans to award around 10 onshore and offshore oil blocks by early next year in a new licensing round, the deputy head of state-owned energy company Societe Nationale des Petroles du Con...
Jacka Signs Farmout Agreement for Odewayne Block PSC
Somalia >> 11/8/2013 - Jacka Resources Limited (Jacka) is pleased to advise that its wholly owned subsidiary Jacka Resources Somaliland Limited has signed a Farmout Agreement (Agreement) with Sterling Energy (East Africa) L...
Rialto Signs New PSC for Block CI-202 in Cote d'Ivoire
Ivory Coast (Cote D'Ivoire) >> 11/8/2013 - Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd (Rialto CdI) has completed the previously announced transaction with Vitol E&P (Vitol) and also signed a new Product...
East Lagia Concession Agreement Signed
Egypt >> 11/7/2013 - His Excellency the Minister of Petroleum and Vegas Oil & Gas signed the East Lagia Concession Agreement at an official signing ceremony held on 7th November, 2013. The block was offered in the 2011 EG...
Sterling Energy Completes Farmin to Odewayne Block
Somalia >> 11/6/2013 - On 28th October 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...
ExxonMobil Receives Extensions to Madagascar Licenses
Madagascar >> 11/6/2013 - Exxon Mobil Corporation announced that its affiliates in Madagascar have received extensions to their production sharing contract licenses, which will enable the resumption of exploration activities o...
Jacobs to Acquire Interest in Guimar Engenharia
Brazil >> 11/5/2013 - Jacobs Engineering Group Inc. announced that it has acquired an interest in Guimar Engenharia, a privately held engineering services and project management/construction management (PMCM) company based...

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