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Acquisitions and Divestitures News

Molopo Announces Agreement to Sell South African Assets
South Africa >> 9/13/2013 - Molopo Energy Limited is pleased to announce that it has reached an agreement with a South African?based party (the “Purchaser”) to divest its interests in its South African biogenic gas assets, which...
Petrobras Announces Asset Sale in Colombia
Colombia >> 9/13/2013 - Petrobras announces that its Board of Directors, in a meeting held, approved the sale of 100% of shares issued by Petrobras Colombia Limited (PEC) to Perenco for US$ 380 million. ...
Tellus Farmout arrangement with Senex in its PEL 105
Australia >> 9/11/2013 - Tellus Resources Ltd (the “Company” or “TLU”) and its wholly owned subsidiary PNC AUST Pty Ltd (“PNC”) are pleased to announce that they have agreed to a farmout arrangement with Senex Energy Limite...
Venezuela & Trinidad Agree to Chevron Gas Deal
Venezuela >> 9/11/2013 - Venezuela and Trinidad and Tobago said that Venezuela's state oil company PDVSA will work with U.S. company Chevron to develop an offshore natural gas field, one of three that span the Caribbean count...
WHL Receives Support for Seychelles Work Program Extensions
Seychelles >> 9/11/2013 - Following recent successful meetings in the Seychelles between company executives and senior Government and PetroSeychelles officials, Australian energy company WHL Energy Limited is pleased to report...
EnerGulf Retains Moyes & Co
Congo, Democratic Republic (Zaire) >> 9/11/2013 - EnerGulf Resources Inc is pleased to announce it has retained Moyes & Co (UK) Limited (“Moyes”) to assist in facilitating a transaction with a strategic co-venturer for the development of EnerGulf’s L...
Global Filed an Application to Renew Juan de Nova Est permit
Madagascar >> 9/11/2013 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that an application has been filed to renew the Juan de Nova Est permit for a fiv...
Sea Dragon Sold its Interest in KomOmbo Concession
Egypt >> 9/11/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") announces that it has entered into a share purchase agreement (the "Agreement") dated September 9, 2013 with a private company (the "Purchaser") ...
Iraq & BP Sign Deal to Revive Northern Kirkuk Oilfield
Iraq & BP Sign Deal to Revive Northern Kirkuk Oilfield Iraq >> 9/11/2013 - Baghdad signed a deal in early September for BP to revive Iraq's northern Kirkuk oilfield, Oil Minister Abdul Kareem Luaibi said, confirming a plan that Kurdistan has already rejected as illegal. The ...
Harvest Sells Company Including Venezuela
Venezuela >> 9/11/2013 - Harvest Natural Resources, Inc. announced it has entered into exclusive negotiations with Pluspetrol Venezuela S.A., an entity belonging to one of the leading exploration and production companies in L...
Marathon to Sell Stake in Block 32 for $590 Million
Angola >> 9/10/2013 - Marathon Oil Corporation announced it is moving forward with plans to repurchase $1 billion of the Company's common stock pursuant to its outstanding share repurchase authorization. Unrelated to the s...
M & P Announces Sale of Sabanero Field to Pacific Rubiales
Colombia >> 9/10/2013 - Maurel & Prom has announced the sale of its 100% interest in the Sabanero Block to Meta Petroleum Corp, a 100% subsidiary of Pacific Rubiales Energy (PRE). The total consideration corresponding to Mau...
Candax Finalizes Agreement to Sell 10% in Madagascar Block 1101
Madagascar >> 9/6/2013 - Candax Energy Inc, a company focused on mature oil field development in Tunisia, announced that its subsidiary, Candax Madagascar Limited ("CML"), has finalized an agreement to sell its 10% working in...
FAR Farms into Ophir Energy's Block 9 Offshore Kenya
Kenya >> 9/6/2013 - FAR Limited (FAR) has completed negotiations on joint venture agreements with Ophir Energy PLC (Ophir) on highly prospective offshore Kenya exploration permit Block L9. Block L9 is a large permit in t...
ADX Terminates Agreement for Chorbane Permit terminated
Tunisia >> 9/5/2013 - ADX Energy Ltd reports that its wholly owned subsidiary, Alpine Oil & Gas Pty Ltd. (“Alpine”), has terminated a farmin agreement (the “Farmin Agreement”) with Rift Basin International Corp.(“Rift Basi...
BG Completes Sale of Interest in LNG Terminal
Chile >> 9/5/2013 - BG Group announced it had completed the previously announced transaction to sell a second and final 20% equity interest in the Quintero LNG regasification terminal in Chile to Terminal de Va lparaiso,...
Nigeria Warns Oil Block Buyers Could Lose Operating Rights
Nigeria >> 9/5/2013 - Nigeria's state oil company warned investors interested in three shallow water oil blocks offered for sale by Chevron that buyers may lose the right to operate them. ...
Bass Strait Enters into Gippsland Basin Farmin Agreements
Australia >> 9/3/2013 - Bass Strait Oil Company Ltd wishes to update the market in relation to the Farmin Agreements announced for the potential disposition of interests in Gippsland Basin permits Vic/P41 and Vic/P68 to Coop...
Chariot Signed Agreement for Offshore Licenses
Brazil >> 9/2/2013 - Chariot Oil & Gas Limited, the Atlantic margin focused oil and gas exploration company, is pleased to announce that the Brazilian National Agency of Petroleum, Natural Gas and Biofuel (ANP) has approv...
Niko Provides Updates on Madagascar and Indonesia
Indonesia >> 8/30/2013 - Niko is pleased to announce that it has executed two sets of agreements which, subject to the required government approvals, will provide proceeds of nearly $40 million. ...

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