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Acquisitions and Divestitures News

CNOOC Signs PSC with Smart Oil
China >> 9/17/2013 - China National Offshore Oil Corporation (CNOOC) announced that it has signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. ...
Rialto Energy Signs MoU for New PSC for Block CI-202
Ivory Coast (Cote D'Ivoire) >> 9/16/2013 - Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd (Rialto CdI) has signed a Memorandum of Understanding (MoU) with the Cote d’Ivoire Ministry of Oil & Energy (the “Mi...
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. ...
ONGC, Shell to Pre-Empt Block BC-10 Stake Sale
Brazil >> 9/13/2013 - Royal Dutch Shell and India's ONGC plan to exercise their pre-emption rights to buy a 35 percent stake in a Brazilian oil block that Brazil's Petrobras had planned to sell to China's Sinochem Group, t...
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...
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...
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...
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...
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...
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...
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. ...

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