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Acquisitions and Divestitures News

ONGC Looking to Buy Small Stake in Libra Project
Brazil >> 1/14/2014 - ONGC Videsh (OVL), the overseas investment arm of state explorer Oil and Natural Gas Corp, is in talks with Petrobras to buy a stake in the Libra pre-salt project in Brazil, its managing director D.K....
Reliance Industries Considering Carabobo Stake
Venezuela >> 1/14/2014 - Reliance Industries is considering taking an 11 percent stake in one of Venezuela's biggest petroleum projects, the energy major said, strengthening ties between the Latin American nation and its top ...
Gazprom Neft Acquired Russia's Largest Polymer Modified Bitumen Plant
Gazprom Neft Acquired Russia's Largest Polymer Modified Bitumen Plant Russia >> 1/14/2014 - Gazprom Neft has acquired 100% of the authorized capital of SYNTAZ OIL LLC, which owns Ryazan Petrochemical Experimental Plant JSC. Purchase of this asset will enable the company to become a leading p...
NOVATEK Closes Sale of 20% Interest in Yamal LNG to CNPC
NOVATEK Closes Sale of 20% Interest in Yamal LNG to CNPC Russia >> 1/14/2014 - NOVATEK closed the sale of a 20% participation interest in Yamal LNG Project (Project) to CNODC, a subsidiary of China National Petroleum Corporation (CNPC), upon the receipt of all necessary regulato...
Shell to Sell $15b of Assets Including Some North Sea Fields
United States >> 1/14/2014 - Royal Dutch Shell could look to sell $15 billion (9.12 billion pounds) worth of assets over the next two years including some North Sea fields, said a media report, expanding on its existing guidance ...
Maersk Acquires Two Exploration Blocks in Kurdistan Region
Maersk Acquires Two Exploration Blocks in Kurdistan Region Iraq >> 1/14/2014 - The Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40% non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A. ...
Legal Challenges Delay Chevron's $1b Nigeria Oil Block Sales
Nigeria >> 1/13/2014 - Chevron faces delays in closing sales of oil blocks in Nigeria worth up to $1 billion because of legal disputes involving potential buyers, industry sources say, highlighting a risk other oil majors c...
President Energy Acquired Interest in Hernandarias Block
Paraguay >> 1/10/2014 - President announces that, subject to Governmental and regulatory approvals, it has been granted an option at no cost to the staged farm-in of an up to 80% maximum participating interest in the Hernand...
Hess Completes Sale of Pangkah Asset in Indonesia
Indonesia >> 1/10/2014 - Hess Corporation completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration o...
Dana Petroleum Awarded New Exploration Acreage in Egypt
Egypt >> 1/9/2014 - Dana Petroleum has signed concession agreements for the West Dakhla 1 and 2 areas in the Egyptian Western Desert. The blocks were awarded through the GANOPE Bid Round 2010. The forecasted activities i...
HRT Starts its Activities on Polvo Field
HRT Starts its Activities on Polvo Field Brazil >> 1/9/2014 - HRT Participacoes em Petroleo S.A., together with its subsidiary, HRT O&G Exploracao e Producao de Petroleo Ltda., reports that it was concluded on January 8th, 2014 the commercial transaction with BP...
Wessex Updates Interests in the South of England
United States >> 1/9/2014 - Wessex Exploration PLC, the hydrocarbon exploration company, is pleased to provide the following update on its Interests in the South of England. ...
Simba Signs Exclusive LOI for Farmout of Kenyan Block 2A
Kenya >> 1/8/2014 - Simba Energy Inc. (Simba) is pleased to announce that it has signed an exclusive letter of intent (the “LOI”) with a private group (the “Group”) based in Calgary, Alberta to farmout up to 40% of Simba...
Red Sky Sold 20% Interest in Two Australian Permits to ERM
Australia >> 1/8/2014 - The directors of Red Sky Energy Limited (“Red Sky” or “the Company”) are pleased to announce that the Company has entered into a sale agreement for its 20% non-operated interest in exploration permits...
Uganda Reviewing Nine Applications for Oil Licences
Uganda >> 1/6/2014 - Uganda is assessing applications for oil production licences from London-listed Tullow Oil and French petroleum major Total as the country inches closer to starting crude production, officials said. E...
PNG Petroleum Provides a Project Update
Papua-New Guinea >> 1/6/2014 - UMC Energy advises that following an application by its 30% associate Gini Energy Limited (Gini), the Papua New Guinea Department of Petroleum and Energy has varied the minimum work conditions of the ...
Philex Awarded SC 75 in the Northwest Palawan Basin
Philippines >> 1/6/2014 - The Philippines Department of Energy has awarded a Philex Petroleum Corp JV Petroleum Service Contract No. 75 ('SC 75'). SC 75 covers an area of approx. 616,000 hectares in the Northwest Palawan Basin...
EPL Acquires GOM Oil & Gas Assets from Nexen for $70.4m
United States >> 1/2/2014 - EPL Oil & Gas, Inc. has executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from Nexen Petroleum Offshore U.S.A. Inc. for $70...
Tethys Completes Strategic Acquisition in Georgia and Exits Uzbekistan
Georgia >> 1/2/2014 - Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian govern...
Rocksource Enters into Farm-out Deal in the Norwegian Sea
United States >> 1/2/2014 - Rocksource ASA has entered into a farm-out option deal with Atlantic Petroleum Norge AS (“Atlantic Petroleum”) related to the PL 528 licence in the Norwegian Sea. The PL 528 licence contains the Ivory...

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