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Acquisitions and Divestitures News

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...
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 ...
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 ...
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. ...
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...
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...
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...
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...
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$...
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...

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