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Acquisitions and Divestitures News

Morocco Approves Farm in to Pura Vid's Mazagan Permit
Morocco >> 7/23/2013 - Pura Vida Energy NL ("Pura Vida" or the "Company") is pleased to advise that His Excellency Fouad Douiri, Minister for Energy of the Government of the Kingdom of Morocco, has provided in principle app...
Canadian Natural Resources Acquires Barrick Energy
Canada >> 7/23/2013 - Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces entering into an agreement relating to the acquisition of Barrick Energy Inc (“BEI”), a subsidiary of Barrick Gold Co...
E.ON Wanted Partner to Buy out Batista Stake in MPX
Brazil >> 7/22/2013 - Germany's E.ON SE has hired Goldman Sachs to find potential buyers for embattled Brazilian billionaire Eike Batista's stake in E.ON-controlled MPX Energia SA, the daily newspaper O Estado de S. Paulo ...
WA-454-P Farm-out Agreement Executed with Origin Energy
Australia >> 7/22/2013 - MEO Australia Limited advises that its wholly owned subsidiary Drysdale Offshore Exploration Pty Ltd (Drysdale) has executed a binding farm-out agreement (FOA) in relation to WA-454-P with Origin Ener...
Suroco Acquires 25% in Putumayo 2 Block in Colombia
Colombia >> 7/22/2013 - Suroco Energy Inc is pleased to announce that its wholly owned subsidiary, Suroco Energy SLU, has acquired a 25% interest in the Putumayo 2 Block in Colombia (the “Block”) from PetroNova Inc.’s wholly...
PetroFrontier Obtains Approvals for Amended Farmin Agreement
Australia >> 7/19/2013 - PetroFrontier Corp. is very pleased to announce that the Foreign Investment Review Board of Australia (“FIRB”) has no objection to, and the TSX Venture Exchange (“TSXV”) has conditionally approved, th...
Apache to Sell GOM Shelf Assets for $3.75 Billion
Mexico >> 7/18/2013 - Apache Corporation announced it has agreed to sell its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for cash proceeds of $3....
BP & CNOOC Sign Agreement for 3rd Deepwater Block
China >> 7/16/2013 - BP and CNOOC signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300...
Baron Farms out 50% of Its Interest in NBM for S&J Full Services
Colombia >> 7/16/2013 - Baron Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce the Farm-Out Agreement with S&J Full Services Ltd. in the Nancy- Burdine - Maxime field (NBM), located ...
BreitBurn Completes Acquisition of Oklahoma Panhandle Assets
United States >> 7/15/2013 - BreitBurn Energy Partners L.P. announced that it has completed the acquisition of oil properties and associated midstream assets in the Oklahoma Panhandle from Whiting Oil and Gas Corporation, a wholl...
BP Farms in to Five Concessions in Brazil
Brazil >> 7/15/2013 - BP announced that it has completed a deal with Petroleo Brasileiro S.A. (Petrobras) to farm-in to five deepwater exploration and production concessions operated by Petrobras in the Potiguar Basin loca...
MEO Resources Farming out Beehive Prospect in WA-488-P
Australia >> 7/15/2013 - MEO Australia has completed its assessment of the Beehive prospective resource estimates in its recently awarded, 100% owned WA-488-P. ...
Petroceltic Award of New Licence in Greece
Greece >> 7/12/2013 - Petroceltic International plc, the upstream oil and gas exploration and production company focussed on North Africa, the Mediterranean and Black Sea regions is pleased to announce that a consortium co...
Japex Acquires Interest in Kerapu Block
Japex Acquires Interest in Kerapu Block Indonesia >> 7/11/2013 - Japan Petroleum Exploration Co., Ltd. is pleased to announce that through its newly established wholly owned subsidiary, Japex West Natuna Limited., it has signed an agreement to acquire a 30% partici...
Failed PEMEX Auction Ups Pressure on Mexico to Reform
Mexico >> 7/11/2013 - Mexican state oil monopoly Pemex got a dismal response to an auction of contracts at one of its main oil fields on Thursday, turning up pressure on the government to open up the industry to more priva...
Antrim Sells its Option to Acquire 30% in Tanzanian PSA
Tanzania >> 7/10/2013 - Antrim Energy Inc., a Canada-based international exploration and production company, announced the sale of its option to acquire up to a 30% interest in the production sharing agreement for the Pemba-...
Stetson Extends Option Agreement for African Acreage
Canada >> 7/5/2013 - Stetson Oil & Gas Ltd., a Forbes & Manhattan Energy Group Company, reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private...
Stetson Extends Option Agreement for Offshore African Acreage
Canada >> 7/5/2013 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private ...
Cue and BHP Increase Interest in Carnarvon Basin Permit WA-389-P
Australia >> 7/5/2013 - Cue Energy Resources is pleased to announce that subject to the necessary regulatory approvals, it has agreed to increase its interest from 35% to 40% in WA-389-P in the Carnarvon Basin, Western Austr...
CNOOC Signs PSC with PetroBroad Copower
China >> 7/5/2013 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with PetroBroad Copower Limited (PetroBroad Copower) for B...

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