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Acquisitions and Divestitures News

Shell Nigeria Selling Four Delta Oil Blocks
Nigeria >> 10/10/2013 - Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said, the latest move by an oil major t...
Apache Corp to Quit Kenya Offshore Block L8
Kenya >> 10/9/2013 - American explorer Apache Corp. has abandoned its hunt for hydrocarbons in Kenya, a hotspot in the race for new oil and gas deposits, after finding only non-commercial quantities of gas in its sole Ken...
SA Government Approves Ibhubesi Project Transfer to Sunbird
South Africa >> 10/9/2013 - The Directors of Sunbird Energy Ltd are pleased to announce that the South African Government, through the Petroleum Agency of South Africa (PASA) and the Department of Mineral Resources (DMR), has ap...
Brasoil Signs 3 Concession Contracts Acquired in Round 11 Auction
Brazil >> 10/9/2013 - On September 17, 2013 Brasoil executed the Concession Contracts for three blocks acquired in the Round 11 auction in Brasil. Two of the blocks are in the shallow water of the Foz do Amazonas basin (FZ...
BG Nears Partner Deal on Brazil Barreirinhas Basin
Brazil >> 10/8/2013 - BG Group Plc is close to a deal or deals that would reduce its 100 percent holdings in a group of six exploration licence blocks off Brazil's coast, the company said, a signal it aims to push ahead pr...
Tangiers Terminates Farm-out Agreement with CWH Resources
Australia >> 10/8/2013 - Tangiers Petroleum Limited (Tangiers) advises that it has terminated its Farm-out Agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 (Permits) located in the ...
Dragon Oil Signs Contracts for Two Blocks in Afghanistan
Afghanistan >> 10/8/2013 - Dragon Oil plc (DGO), an international oil and gas exploration, development and production company, is pleased to announce the formal signing by the Ministry of Mines and Petroleum of Afghanistan of t...
Sonatrach Pre-Empts Isarene PSC
Algeria >> 10/7/2013 - Petroceltic International plc ("Petroceltic" or "the Company"), the upstream oil and gas exploration and production company focussed on North Africa, the Mediterranean and Black Sea regions, confirms ...
Petrobras to Sell Uruguay Assets to Shell
Uruguay >> 10/4/2013 - Petrobras announces that its Executive Board has approved the sale of its participation in the companies owners of Blocks 3 and 4, in Punta del Este Basin, Uruguay, to Shell for US$ 17 million.
Premier & FOGL Farm-In to PL004a and PL004c
Falkland Islands >> 10/3/2013 - Rockhopper Exploration and Premier Oil plc ("Premier") have signed a Heads of Agreement with Falkland Oil and Gas Limited ("FOGL") to farm-in to licences PL004a and PL004c, conditional on the completi...
Libya's NOC Interested in Marathon Oil Stake
Libya >> 10/3/2013 - Libya's National Oil Corp (NOC) is interested in buying Marathon Oil's stake in one of the North African country's most important joint ventures, Oil Minister Abdelbari Arusi has said. ...
TransGlobe Announces New Concessions Ratified in Egypt
Egypt >> 10/3/2013 - TransGlobe Energy Corporation is pleased to announce the ratification of four new Production Sharing Concessions in Egypt. All dollar values are expressed in United States dollars unless otherwise sta...
Lukoil Seeks Exit from Junin-6 Project
Venezuela >> 10/2/2013 - Lukoil, Russia's second-biggest oil producer, wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil's head said. ...
Lundin Signs HOA With Rosneft in Russia
Russia >> 10/2/2013 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that Lundin Petroleum and its partner Gunvor Group (Gunvor) have entered into a Heads of Agreement with Rosneft Oil Company (Rosneft) to j...
Electronic Data Room Open for Blocks 2011B & 2111A
Namibia >> 10/1/2013 - The opportunity offers a farminee the chance to access over 11,000 km2 of undrilled acreage in the emerging offshore Namibia exploration province where recent drilling activity has established a worki...
Total Acquires Offshore Exploration Interests in South Africa
South Africa >> 9/30/2013 - Total announces that it has received approval from the South African authorities and has completed the acquisition of a 50% interest in Block 11B/12B, from CNR International (South Africa) Ltd., a who...
Geopark Announces Strategic Partnership with Tecpetrol
Brazil >> 9/30/2013 - Tecpetrol S.A. ("Tecpetrol"), the oil and gas subsidiary of the Techint Group (the multinational oilfield and steel conglomerate), and GeoPark Limited ("GeoPark"), the Latin American oil and gas explo...
Total Sells E&P Assets of Trinidad &Tobago
Trinidad and Tobago >> 9/30/2013 - Total announces the transfer to The National Gas Company of Trinidad &Tobago of all of its E&P assets in Trinidad through the sale of Total E&P Trinidad B.V and Elf Exploration Trinidad B.V. ...
Harvest Announces Exclusive Negotiations to Sell Interest in Gabon
Gabon >> 9/30/2013 - Harvest Natural Resources, Inc announced that its wholly-owned subsidiary, HNR Global Holding B.V. has entered into exclusive negotiations with Vitol S.A. (Vitol), to sell the Company's 66.667 percent...
Alvopetro Announces Sale of Brazilian Assets
Brazil >> 9/30/2013 - Alvopetro Inc has entered into an agreement 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 ...

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