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Acquisitions and Divestitures News

Anadarko Eyes $1b Sale of China Oil & Gas Project Stakes
China >> 11/4/2013 - Anadarko Petroleum Corp is considering the sale of its holdings in oil and gas projects in China in a deal that could be valued at about $1 billion (628 million pounds), sources familiar with the matt...
Apache Farms-in to Buru & Mitsubishi’s Acreage in the Canning Basin
Australia >> 11/4/2013 - Buru Energy Limited is pleased to announce that it has entered into binding agreements with Mitsubishi Corporation (“MC”) and Apache Energy Limited (“Apache”) pursuant to which an Apache subsidiary wi...
SOCO Announces Operatorship & Farm-in to MPS in Congo
Congo >> 11/4/2013 - SOCO announces that it has entered an agreement with PA Resources Congo SA, a wholly owned subsidiary of PA Resources AB, to farm-in to a 60% working interest in the Mer Profonde Sud permit, offshore ...
Sea Dragon Completes its Sale of Interest in Egypt
Egypt >> 11/1/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") is pleased to announce that it has completed the previously announced sale of all of the issued and outstanding shares of its indirect wholly-own...
Tethys Announces Farm-Out on Kazakhstan Assets
Kazakhstan >> 11/1/2013 - ethys Petroleum Limited (Tethys or the Company"), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has entered into a definiti...
Trinidad and Tobago 2013 Onshore Bid Round Achieves 11 Bids
Trinidad and Tobago >> 11/1/2013 - Eleven bids were received (October 31, 2013) for the first dedicated Onshore Bid Round in 15 years in Trinidad and Tobago. The bids were received from five companies for three land-based blocks. This ...
Egypt Awards 9 Oil & Gas Exploration Contracts
Egypt >> 10/31/2013 - Egypt signed nine crude oil and natural-gas exploration agreements with companies including Royal Dutch Shell Plc (RDSA) as the country struggles to revamp an economy battered by almost three years of...
Conoco Turns Homeward for Oil Growth
Kazakhstan >> 10/31/2013 - ConocoPhillips, abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Con...
Statoil Completes Transaction with OMV
Norway >> 10/31/2013 - Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. ...
ANP Approves Karoon for Petrobras Joint Venture
Brazil >> 10/31/2013 - On 30 August 2010, Karoon executed a Farm-in Agreement with Petroleo Brasileiro S.A. (“Petrobras”) to acquire a 20% interest in Blocks S-M-1352 and S-M-1354 in the Santos Basin, offshore Brazil. This ...
Gabon's Government Awards 13 Oil Blocks
Gabon >> 10/29/2013 - Gabon has awarded 13 oil and gas blocks to 11 companies as part of a major deepwater licensing round, which the Central African country hopes will double its output to 500,000 barrels per day (bpd), t...
Eneva Agrees on Option to Buy OGX Gas Fields
Brazil >> 10/28/2013 - Brazilian energy company Eneva SA has agreed on a put option to buy a 66.7 percent stake in gas fields owned by OGX Maranhao for 200 million reais ($90.9 million) if parent firm OGX Petroleo e Gas Par...
Pacific Rubiales Farm-in to Karoon’s Blocks Approved
Brazil >> 10/28/2013 - Karoon is pleased to announce it has received notification from the Agencia Nacional do Petroleo (“ANP”) that the assignment of blocks S-M-1101, S-M-1102, S-M-1037 and S-M-1065 to Pacific Rubiales Ene...
Sterling Energy Farms into Somaliland Odewayne Block
Somalia >> 10/28/2013 - Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, is pleased to announce that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (Sterling),...
Kosmos Energy Finalizes Cap Boujdour Farm-out
Morocco >> 10/28/2013 - Kosmos Energy today announced that it has entered into a farm-out agreement with Capricorn Exploration & Development Company Limited, a wholly-owned subsidiary of Cairn Energy PLC, covering the Cap Bo...
Boem Proposes Central GOM Oil & Gas Lease Sale
Mexico >> 10/25/2013 - As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) announced that it will...
Ophir to Sell down its Interests in Three Tanzanian Blocks
Tanzania >> 10/24/2013 - Ophir Energy plc (Ophir) notes media speculation that it is looking to sell down its interests in Blocks 1, 3 and 4, Tanzania. ...
Oyster Closes Acquisition of Block 1101 in Madagascar
Madagascar >> 10/24/2013 - Further to the news release dated September 6, 2013, Oyster Oil and Gas Ltd is pleased to announce it has closed the transaction with Candax Energy Inc. ("Candax") to acquire a 10% working interest in...
Heritage Oil Expands Exploration Portfolio in PNG
Papua-New Guinea >> 10/24/2013 - Heritage Oil Plc, an independent upstream exploration and production company, announces that it has agreed with Kina Petroleum Limited (“Kina Petroleum”) to farm-in to two licences onshore Papua New G...
Australia Announces $580 Mln New Investment in Offshore Exploration
Australia >> 10/23/2013 - New offshore petroleum exploration promises $580 million over the next three years following the granting of exploration permits in Commonwealth waters off Western Australia and South Australia. ...

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