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Acquisitions and Divestitures News

Rialto Signs New PSC for Block CI-202 in Cote d'Ivoire
Ivory Coast (Cote D'Ivoire) >> 11/8/2013 - Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd (Rialto CdI) has completed the previously announced transaction with Vitol E&P (Vitol) and also signed a new Product...
Congo Licensing Round to Offer Around 10 Oil Blocks
Congo >> 11/8/2013 - Congo Republic plans to award around 10 onshore and offshore oil blocks by early next year in a new licensing round, the deputy head of state-owned energy company Societe Nationale des Petroles du Con...
TransGlobe Signed New Concession Agreements in Egypt
Egypt >> 11/8/2013 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") is pleased to announce the signing of agreements for the four new Production Sharing Concessions in Egypt. All dollar values are expressed...
East Lagia Concession Agreement Signed
Egypt >> 11/7/2013 - His Excellency the Minister of Petroleum and Vegas Oil & Gas signed the East Lagia Concession Agreement at an official signing ceremony held on 7th November, 2013. The block was offered in the 2011 EG...
Sterling Energy Completes Farmin to Odewayne Block
Somalia >> 11/6/2013 - On 28th October 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (S...
ExxonMobil Receives Extensions to Madagascar Licenses
Madagascar >> 11/6/2013 - Exxon Mobil Corporation announced that its affiliates in Madagascar have received extensions to their production sharing contract licenses, which will enable the resumption of exploration activities o...
Jacobs to Acquire Interest in Guimar Engenharia
Brazil >> 11/5/2013 - Jacobs Engineering Group Inc. announced that it has acquired an interest in Guimar Engenharia, a privately held engineering services and project management/construction management (PMCM) company based...
Anadarko Eyes $1b Sale of China Oil & Gas Project Stakes
China >> 11/4/2013 - Anadarko Petroleum Corp is considering the sale of its holdings in oil and gas projects in China in a deal that could be valued at about $1 billion (628 million pounds), sources familiar with the matt...
Apache Farms-in to Buru & Mitsubishi’s Acreage in the Canning Basin
Australia >> 11/4/2013 - Buru Energy Limited is pleased to announce that it has entered into binding agreements with Mitsubishi Corporation (“MC”) and Apache Energy Limited (“Apache”) pursuant to which an Apache subsidiary wi...
SOCO Announces Operatorship & Farm-in to MPS in Congo
Congo >> 11/4/2013 - SOCO announces that it has entered an agreement with PA Resources Congo SA, a wholly owned subsidiary of PA Resources AB, to farm-in to a 60% working interest in the Mer Profonde Sud permit, offshore ...
Sea Dragon Completes its Sale of Interest in Egypt
Egypt >> 11/1/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") is pleased to announce that it has completed the previously announced sale of all of the issued and outstanding shares of its indirect wholly-own...
Trinidad and Tobago 2013 Onshore Bid Round Achieves 11 Bids
Trinidad and Tobago >> 11/1/2013 - Eleven bids were received (October 31, 2013) for the first dedicated Onshore Bid Round in 15 years in Trinidad and Tobago. The bids were received from five companies for three land-based blocks. This ...
Tethys Announces Farm-Out on Kazakhstan Assets
Kazakhstan >> 11/1/2013 - ethys Petroleum Limited (Tethys or the Company"), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has entered into a definiti...
Egypt Awards 9 Oil & Gas Exploration Contracts
Egypt >> 10/31/2013 - Egypt signed nine crude oil and natural-gas exploration agreements with companies including Royal Dutch Shell Plc (RDSA) as the country struggles to revamp an economy battered by almost three years of...
ANP Approves Karoon for Petrobras Joint Venture
Brazil >> 10/31/2013 - On 30 August 2010, Karoon executed a Farm-in Agreement with Petroleo Brasileiro S.A. (“Petrobras”) to acquire a 20% interest in Blocks S-M-1352 and S-M-1354 in the Santos Basin, offshore Brazil. This ...
Conoco Turns Homeward for Oil Growth
Kazakhstan >> 10/31/2013 - ConocoPhillips, abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Con...
Statoil Completes Transaction with OMV
Norway >> 10/31/2013 - Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. ...
Gabon's Government Awards 13 Oil Blocks
Gabon >> 10/29/2013 - Gabon has awarded 13 oil and gas blocks to 11 companies as part of a major deepwater licensing round, which the Central African country hopes will double its output to 500,000 barrels per day (bpd), t...
Eneva Agrees on Option to Buy OGX Gas Fields
Brazil >> 10/28/2013 - Brazilian energy company Eneva SA has agreed on a put option to buy a 66.7 percent stake in gas fields owned by OGX Maranhao for 200 million reais ($90.9 million) if parent firm OGX Petroleo e Gas Par...
Pacific Rubiales Farm-in to Karoon’s Blocks Approved
Brazil >> 10/28/2013 - Karoon is pleased to announce it has received notification from the Agencia Nacional do Petroleo (“ANP”) that the assignment of blocks S-M-1101, S-M-1102, S-M-1037 and S-M-1065 to Pacific Rubiales Ene...

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