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Acquisitions and Divestitures News

Cooper to Acquire Vic P/41 Interests from Bass Company
Australia >> 7/5/2013 - Cooper Energy Limited (Cooper Energy) advises that it has entered into non-binding agreements to acquire substantial interests in the prospective and well-located offshore Gippsland Basin permits Vic/...
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...
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...
PetroNova Focuses Its Participation in Llanos Blocks
Colombia >> 7/4/2013 - PetroNova Inc, a company engaged in the exploration and development of oil and natural gas resources in Colombia, announced that upon evaluation of the expenditures required to conduct additional expl...
Zoltav Holds the Koltogorsky Licence in Russia
Russia >> 7/4/2013 - Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce the completion of its first major asset acquisition and the admission of its enlarged issued share capit...
Crown Point Approved a 10 Year Extension in Argentina
Argentina >> 7/3/2013 - Crown Point Energy Inc. is pleased to announce that the Company and its partners have received all necessary governmental approvals for a 10 year extension of the Las Violetas, Rio Cullen and Angostur...
Tower Acquired 20% Interest in Madagascan Licence
Madagascar >> 7/3/2013 - Tower Resources plc, the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the acquisition of a 20% carried interest in Marovoay Block-2102, onshore Madagascar. The ac...
Panoro Energy Announces Completion of MKB Divestment
Congo >> 7/2/2013 - Panoro Energy ASA is pleased to announce that its wholly owned subsidiary, Prevail Energy Congo SAU, has completed the sale of its 20% interest in the MKB permit to Société Nationale des Pétroles du C...
Magellan Midstream Closes Texas-New Mexico PL Acquisition
United States >> 7/1/2013 - Magellan Midstream Partners, L.P. announced that it has closed on its previously-announced acquisition of pipeline assets in Texas and New Mexico from Plains All American Pipeline, L.P.

The...
Matra Completes Disposal of Arkhangelovskoe Licence
Russia >> 7/1/2013 - Matra is pleased to announce the completion of the Disposal of its 100% interest in the Arkhangelovskoe Licence which includes the Sokolovskoe Field. ...
Candax Announces Sale of Interest in Madagascar Block 1101
Madagascar >> 6/28/2013 - Candax Energy Inc, announces that its subsidiary, Candax Madagascar Limited ("CML"), has reached an agreement to sell its 10% working interest in Block 1101 in Madagascar to Oyster Oil & Gas Limited (...
Nido to Drill Two Wells Through Farm-In Deal
Indonesia >> 6/28/2013 - Nido Petroleum Limited is pleased to advise that it has executed three separate Farm-in Agreements with Lundin Petroleum B.V. (Lundin) to participate in the Gurita, Baronang and Cakalang PSCs located ...
China Set to Win Conoco Stake in Kashagan Field
Kazakhstan >> 6/28/2013 - China is the likely winner of ConocoPhillips' share in Kazakhstan's Kashagan field, giving Beijing a stake in one of the biggest oil finds of the last few decades. ...
Transeuro Awarded PEA for Hamza Oil Field in Jordan
Transeuro Awarded PEA for Hamza Oil Field in Jordan Jordan >> 6/27/2013 - Transeuro Energy Corp. (Transeuro) announces that the Company has received the final award for a Production Enhancement Agreement (PEA) from the Natural Resource Authority of the Government of the Has...
CPC Acquires Interest in Ichthys LNG Project from INPEX
Australia >> 6/27/2013 - INPEX has reached agreement for INPEX Ichthys and other project group companies to transfer 2.625% of the Ichthys LNG Project equity interest to CPC Corp, Taiwan. ...
INPEX Acquired Interest in Masela Block
Indonesia >> 6/27/2013 - INPEX Corporation is pleased to announce that its affiliate INPEX Masela, Ltd. and Shell Upstream Overseas Services Limited, a subsidiary of Royal Dutch Shell plc (Shell), have completed the necessary...
Bengal Announces Increase Interest in Permit ATP 752P to 30.357%
Australia >> 6/26/2013 - Bengal Energy is pleased to announce that it has exercised its pre-emptive right to purchase an additional 5.357% interest in the Cuisinier Oil Field and the Authority to Prospect ("ATP") 752P in the ...
Westbridge Completes Acquisition in the Walvis Basin
Namibia >> 6/26/2013 - Westbridge Energy Corporation announced that it has completed the previously announced acquisition of a 75% interest with Ropat Petroleum Investments (PTY) Ltd. ("Ropat") in the oil and gas exploratio...
Marathon to Sell its Interest in Block 31 for $1.5 Billion
Angola >> 6/25/2013 - Marathon Oil Corporation announced that its subsidiary, Marathon International Oil Angola Block 31 Limited, has entered into a definitive agreement to sell its 10 percent working interest in the Produ...
Ratification of Simba Energy’s PSC in Chad
Chad >> 6/25/2013 - Simba Energy Inc, the pan-African oil & gas explorer, is pleased to announce that the Production Sharing Contract (PSC) between the Government of Chad and Simba Energy has been ratified. ...

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