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Acquisitions and Divestitures News

Petrobras Approved the Asset Sale Totaling US$ 2.1 bln
Brazil >> 8/16/2013 - Petrobras, in compliance with Brazilian Securities Commission regulation – CVM No. 358/02, announces that its Board of Directors, in a meeting held today, approved the following asset sale transaction...
Petrel Acquired 20% Share in Amira Wasit B.V.
Iraq >> 8/14/2013 - Petrel is pleased to announce that it has agreed to acquire a 20 per cent shareholding in Amira Hydrocarbons Wasit B.V. (Amira), which is the holder of a 25 per cent carried interest in certain oil an...
Clontarf Enters into Agreement to Purchase from Block 183 in Peru
Peru >> 8/12/2013 - Further to the announcement of 15 May 2013, the board of Clontarf announces that Rurelec PLC, an AIM listed energy provider in South America, has entered into an agreement with Peru Oil and Gas Explor...
Genel Energy to Farm in to Adigala Block Onshore Ethiopia
Ethiopia >> 8/12/2013 - Genel Energy announces that it has agreed to acquire a 40% interest in the Adigala Block onshore Ethiopia from New Age (African Global Energy) Limited (the “Transaction”). Under the Transaction, Genel...
Petrochina to Join Exxon at Giant Iraqi Oilfield
Iraq >> 8/9/2013 - China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sou...
Chariot Signs Farm out Agreement Offshore Mauritania
Mauritania >> 8/8/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly-owned subsidiary, Chariot Oil & Gas Investments (Mauritania) Ltd., has s...
Extending Initial Exploration Period for Accra Area
Ghana >> 8/7/2013 - Tap Oil Limited is pleased to announce that the Ministry of Energy and Petroleum, Ghana has granted a six month extension to the Initial Exploration Period under the Petroleum Agreement in respect of ...
Relinquishment on the 2nd Period of Blocks t-219 & 220
Brazil >> 8/2/2013 - HRT Participacoes em Petroleo S.A. announces that it notified the Brazilian National Agency of Petroleum, Natural Gas and Biofuels - ANP ("ANP") of its intention of not renewing the concession agreeme...
Enel to Provide the Contingent Payment to Petroceltic
Algeria >> 8/2/2013 - 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 provides a...
Platino Announces a Transaction on the Morpho Block
Colombia >> 8/1/2013 - Platino Energy Corp is pleased to announce that it has entered into an agreement with Parex Resources Inc. ("Parex") in relation to the Company's Morpho Block located in the Middle Magdalena Valley Ba...
Gazprom, Total Sign $130 mln Agreement With YPFB
Bolivia >> 8/1/2013 - Russia's Gazprom and France's Total signed a $130 million agreement with Bolivia's state energy company YPFB to develop a natural gas area in the southeastern part of the Andean nation. ...
ConocoPhillips Acquires 10% Interest from FAR in Senegal
Senegal >> 8/1/2013 - FAR Ltd has completed a second farm in agreement on its highly prospective offshore Senegal oil exploration permits with ConocoPhillips. As a result, a high impact, two well exploration drilling progr...
CNOOC Signs PSC with Shell
China >> 8/1/2013 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with Shell China Exploration and Production Company Limite...
Sugih Obtains Majority Interest in Selat Panjang PSC
Indonesia >> 7/31/2013 - PT Sugih Energy Tbk announces that the Company has obtained 55 percent participating interest and operating rights to the Selat Panjang PSC ("Selat Panjang block"), located in Riau province, Sumatra, ...
Shell to Sell at Least 4 Nigeria Oil Blocks
Nigeria >> 7/31/2013 - Shell will sell at least four more oil blocks in Nigeria in its latest divestment from Africa's top oil exporter, three oil industry sources familiar with the deals said. ...
Bass Farmin Gippsland Permit for Cooper Energy
Australia >> 7/31/2013 - Cooper Energy Limited (Cooper Energy) reports that the farmin agreements with Bass Strait Oil Company Limited (BAS) announced on 5 July 2013 have now been executed by both parties. ...
Hess Seeking Partners for Assets in Kurdistan & Ghana
Ghana >> 7/31/2013 - Hess Corp reported a bigger-than-expected quarterly profit due to higher oil and gas prices and said it was seeking partners to explore two fields in Kurdistan and a block offshore Ghana, sending its ...
BP, SOCAR, Total & Fluxys Join The Tap Project
Azerbaijan >> 7/30/2013 - The Trans Adriatic Pipeline AG (TAP) announced that BP, SOCAR and Total - members of the international consortium developing the giant Shah Deniz field in Azerbaijan - have exercised their option to j...
Lundin Enters into New PSC Offshore Indonesia
Indonesia >> 7/30/2013 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary, Lundin Sareba BV, has entered into a production sharing contract (PSC) amendment with SKKMigas to substitute the existing S...
Two New Exploration Discoveries in Bohai
China >> 7/30/2013 - CNOOC Limited announced that the Company has made two new exploration discoveries Bozhong 8-4 and Kenli 10-4 in Bohai. ...

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