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Acquisitions and Divestitures News

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. ...
Polo Gives Investment Update Concerning Signet Petroleum
Namibia >> 6/24/2013 - Polo Resources Limited, the natural resources investment company with interests in gold, oil and gas, coal and iron ore, gives an investment update concerning Signet Petroleum Limited (“Signet”), the ...
OMV Signs Upstream Exploration Agreement with ADNOC
OMV Signs Upstream Exploration Agreement with ADNOC United Arab Emirates >> 6/24/2013 - The Abu Dhabi National Oil Company (ADNOC) and OMV East Abu Dhabi Exploration GmbH (OMV) signed an exploration agreement on June 23, to pursue exploration for oil and gas in the Eastern region of Abu ...
NOVATEK & CNPC Sign Framework Agreement for Yamal LNG
Russia >> 6/21/2013 - At the St. Petersburg International Economic Forum OAO NOVATEK and China National Petroleum Corporation (CNPC) concluded a framework agreement on cooperation within the Yamal LNG project. The agreemen...
Eni & Rosneft Sign Completion Deed on 3 Offshore Projects in Russia
Russia >> 6/21/2013 - Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, signed, at the Saint Petersburg Internati...
Chariot Granted New Licence for Block 2714B
Namibia >> 6/20/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that its wholly owned subsidiary, Enigma Oil & Gas Exploration (PTY) Limited, has been granted a new ...
LGO Announces Collaboration with BOLT in Trinidad
Trinidad and Tobago >> 6/20/2013 - LGO announces the signature of a Letter of Intent ("LOI") with Beach Oilfield Limited ("BOLT"), a private Trinidadian registered company, regarding cross-assignment of interests in the Cedros Peninsul...
Total & a Turkish Company Pick Kurdish Oil Blocks
Total & a Turkish Company Pick Kurdish Oil Blocks Iraq >> 6/19/2013 - After negotiations failed to resolve the disputes over oil and land in Iraq, Kurdistan Regional Government (KRG) has given a number of licenses for oil exploration in Kurdistan Region. ...
Wintershall Secures Barents Exploration License in Norwegian 22nd Round
Norway >> 6/19/2013 - Wintershall Norge has secured a participating interest in one of the new Barents Sea exploration licenses awarded in the 22nd Licensing Round on the Norwegian Continental Shelf. ...
Petrobras & SINOPEC Sign LOI for Premium 1 Refinery
Brazil >> 6/19/2013 - Petrobras announces that it has executed, on June 11, 2013, a Letter of Intent with CHINA PETROCHEMICAL CORPORATION SINOPEC (SINOPEC), for the development of joint study for the Premium 1 Refinery Pro...
Archer Enters into Agreements with Arrakis Oil Recovery
Canada >> 6/18/2013 - Archer Petroleum Corp (Archer or the Company)is pleased to announce its entry into a purchase and sale agreement (the “Acquisition Agreement”) with Arrakis Oil Recovery, LLC (“Arrakis”) for the acquis...
Lekoil Limited Proposes Acquisition of Interest in OML113
Nigeria >> 6/18/2013 - Panoro Energy ASA is pleased to announce that its wholly owned subsidiary Pan Petroleum Aje Limited, has entered into a Sale and Purchase Agreement (the “SPA”) with the Nigerian company Lekoil 113 Nig...
Total Acquire 33,335% Interest in Bokhtar PSC in Tajikistan
Tajikistan >> 6/18/2013 - Total E&P Tajikistan B.V., a subsidiary of Total announces today the finalization of the acquisition of an interest in the Bokhtar PSC in Tajikistan, from Kulob Petroleum Limited, a subsidiary of Teth...
Vanoil's TEA Expires with Rwandan MNR
Rwanda >> 6/17/2013 - Vanoil Energy Ltd, reports that the current Technical Evaluation Agreement (TEA) with the Rwandan Ministry of Natural Resources has expired effective June 13, 2013. The Company has referred this matte...
RWE Dea Awarded Operatorship in New Norwegian License
Norway >> 6/14/2013 - In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. ...
Swala Energy in Negotiations for Tanzanian Eyasi Licence
Tanzania >> 6/14/2013 - Swala Energy Limited (Swala), the oil and gas explorer with assets along the East African Rift System, is pleased to announce that it has been invited into exclusive negotiations with the Tanzanian Pe...
MEEA & BHP Billiton Sign Production Sharing Contract
Trinidad and Tobago >> 6/14/2013 - Minister of Energy and BHP Billiton sign production-sharing contracts for four deepwater blocks on June 12, 2013 at the Hilton Trinidad and Conference Centre. ...

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