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Acquisitions and Divestitures News

Methanex Sells 10 Percent in Emethanex
Egypt >> 10/22/2013 - Canada's Methanex agreed to sell a 10 percent stake in Egyptian methanol producer EMethanex to one of its joint venture partners Arab Petroleum Investments Corp (APICORP) for $110 million, APICORP sai...
Petrobras Wants Competition at ANP's 12th Bid Round
Brazil >> 10/22/2013 - During the XV Brazilian Congress on Energy (CBE), held in Rio de Janeiro, the Director for Gas and Energy at Petrobras, Alcides Santoro, invited the industry to take part in the 12th Bid Round of the ...
Petrobras Acquired Rights of the Libra Block
Brazil >> 10/21/2013 - Petrobras announces that the consortium comprised of Petrobras (10%), Shell (20%), Total (20%), CNPC (10%) and CNOOC (10%) was the winner in the 1st Pre-salt bidding round held by the Brazilian Nation...
OOC to Get 40pc Stake in Block 61 Tight Gas Deal
Oman >> 10/21/2013 - Oman Oil Company (OOC) SAOC, the Sultanate’s flagship energy investment firm, is poised to acquire a 40 per cent stake in BP Oman upon the conclusion later this year of a much-awaited agreement on the...
Energy XXI Seeks Southeast Asia Assets Similar to GOM
United States >> 10/18/2013 - Energy XXI (Bermuda) Ltd. (EXXI) is looking to buy offshore assets in Southeast Asia that have similar geology to the U.S. Gulf of Mexico, where it operates five of the biggest shallow-water oil field...
WHL Energy Receives Seychelles Regulatory Approval
Seychelles >> 10/18/2013 - Australian energy company WHL Energy Limited is pleased to announce that is has received initial approval from the Seychelles regulatory authority PetroSeychelles regarding an extension to the existin...
ENRG Announced a New Gas Asset Acquisition in Mozambique
Mozambique >> 10/18/2013 - PT Energi Mega Persada Tbkt (ENRG) announced that it has acquired oil & gas Exploration and Production Concession Contract (EPCC) for Buzi EPCC Block in Mozambique, Africa. With this corporate action,...
Bashneft Wins Astashevsko-Sosnovsko-Nazarovskiy Block in Bashkortostan
Russia >> 10/17/2013 - At the auction conducted by the Department of Subsoil Use of the Republic of Bashkortostan (Bashnedra), Bashneft won the right to conduct geological exploration, prospecting and production of hydrocar...
W&T Offshore Acquired Assets in Callon Petroleum
United States >> 10/17/2013 - W&T Offshore, Inc. announced that it has entered into an agreement with Callon Petroleum Operating Company ("Callon") to acquire substantially all of Callon's exploration and production properties in ...
Northern Increases Equity in Guyane Maritime Permit
French Guiana >> 10/16/2013 - Northern Petroleum Plc has received formal notification from Wessex Exploration PLC ("Wessex"), the Company's joint venture partner in the Guyane Maritime permit offshore French Guiana (the "Guyane Pe...
Premier Oil Farms into Block 2B, Onshore Kenya
Kenya >> 10/15/2013 - Premier is pleased to announce that it has signed a farm-in for 55 per cent of Taipan Resources Inc (Taipan) licence interests in Block 2B, onshore Kenya. The block lies in the Southern Anza basin, a ...
Kosmos Finalizes Agadir Farm out Agreements with BP
Morocco >> 10/15/2013 - Kosmos Energy announced that it has entered into three farm-out agreements with BP plc, covering three blocks in the Agadir Basin, offshore Morocco. Under the terms of the agreements, BP will acquire ...
International Petroleum to Sale Russian & Kazakhstan Assets for $60 mln
Kazakhstan >> 10/14/2013 - International Petroleum Limited has entered into two binding conditional terms sheets (individually “Terms Sheet” or together “Terms Sheets”) with an unrelated company incorporated in Hong Kong (“Buye...
Approval of Farmout Agreement in Mauritania Block C19
Mauritania >> 10/14/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that, as detailed in the announcement of 8 August 2013, the farm-out agreement signed between its wholl...
ONGC Signed Agreements to Acquire 12% in Block BC-10
Brazil >> 10/14/2013 - ONGC Videsh, through its affiliates signed definitive agreements to acquire 12% Participating Interest (PI) in Block BC-10, Campos Basin, Deep Offshore Brazil as part of the sale of 35% share made by ...
Stetson Extends Option Agreement for Offshore African Acreage
Nigeria >> 10/11/2013 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private ...
South Africa to Take 20% Free Stake in New Oil Projects
South Africa >> 10/10/2013 - South Africa’s government plans to take a 20 percent free stake in all new oil and gas ventures and reserve the right to buy a further 30 percent at market-related rates, Mineral Resources Susan Shaba...
Lundin Receives Approval for Bertam Field Development Plan
Malaysia >> 10/10/2013 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has received approval for the Bertam Field Development Plan from PETRONAS. The Bertam field is the first ...
Reliance Signs Joint Study Agreement for Ayacucho 8
Venezuela >> 10/10/2013 - Reliance Industries Limited (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. ...
Parex Farms Out Moruga Block
Trinidad and Tobago >> 10/10/2013 - Parex Resources Inc., announces that its subsidiary Parex Resources (Trinidad) Ltd has signed a farmout agreement on the Moruga Block and has given notice that it will relinquish the Central Range Blo...

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