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Acquisitions and Divestitures News

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, ...
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 ...
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. ...
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...
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...
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. ...
Circle Oil Increases its Interest in Mahdia License
Tunisia >> 7/29/2013 - Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce the following update regarding its operations in Tunisia. ...
Petrel Eyes Iraq Asset Deal
Iraq >> 7/26/2013 - The Board of Petrel is pleased to announce that negotiations on a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would injec...
NGE to Sell Interest in PPL269 for US$40 million
Papua-New Guinea >> 7/26/2013 - New Guinea Energy Limited (NGE) is pleased to announce that its wholly owned subsidiary, Kirkland Limited (Kirkland) has signed an agreement with Esso PNG Robin Limited (Esso), a subsidiary of Exxon M...
BOEM Offers Nearly 21 Million Acres Offshore Texas
United States >> 7/26/2013 - The Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover roughly 20.7 million acres mil...
Eni Completes Sale of 28.57% of Eni East Africa'Share to CNPC
Mozambique >> 7/25/2013 - Eni and China National Petroleum Corporation ("CNPC") have concluded Eni’s sale to CNPC of 28.57% of Eni East Africa’s shares, owner of a 70% interest in Area 4, located off the coast of Mozambique. ...
Circle Acquires 30% Interest in Beni Khaled License
Tunisia >> 7/25/2013 - Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce the following update regarding its operations in Tunisia. ...

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