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Acquisitions and Divestitures News

OGX & Exxon Mobil Win Potiguar Offshore Brazil Blocks
Brazil >> 5/14/2013 - Oil companies OGX and Exxon Mobil Corp won Brazilian deepwater oil and natural gas exploration blocks in a frontier region of Brazil's Potiguar Basin at an auction. ...
Statoil Farms into Offshore Exploration Acreage in Australia
Australia >> 5/14/2013 - Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. ...
Brazil Gets Strong Bids at 1st Auction in 5 Yrs
Brazil >> 5/14/2013 - Global energy companies were strong bidders at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies mig...
Simba Energy Signs MoU with Ajax to Farm out Block 2A
Kenya >> 5/13/2013 - Simba Energy Inc. (Simba), the onshore pan-African oil and gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it has signed a memorandum of understanding (MOU) with Ajax E...
Beach Completes Farm-in with Chevron in Nappamerri Trough
Australia >> 5/13/2013 - All conditions precedent for the transfer to Chevron of initial Beach interests in PEL 218 and ATP 855 have been satisfied. Cash payments by Chevron to Beach relating to the initial farm-in have been ...
Songa Venus Secures Contract Extension in Vietnam
Vietnam >> 5/10/2013 - Songa Offshore SE is pleased to announce an agreement has been reached with Mubadala Petroleum to further extend the Venus program to cover an additional two firm wells and two option wells in Vietnam...
Approval of 3 Petroleum Prospecting Licences in Botswana
Botswana >> 5/9/2013 - SacOil Holdings Limited, the African independent upstream oil and gas company, is pleased to announce that its Botswana subsidiary, Transfer Holdings (Proprietary) Limited, has been advised by the Bot...
INPEX Acquires 30% Interest in Block 15
Uruguay >> 5/9/2013 - Inpex Corporation is pleased to announce that through its subsidiary, Inpex Uruguay, Ltd., it has signed an agreement to acquire a 30% participating interest in exploration Area 15 (the Block) offshor...
Westbridge Establishes Strategic Alliance in Nigeria
Nigeria >> 5/9/2013 - Westbridge Energy Corporation announced it has entered into a strategic alliance agreement (the "Agreement") with United Oil and Gas Nigeria Limited ("UOG") to jointly acquire and develop near term pr...
Petronas Bolsters Brazil's Batista with $850m OilField Buy
Brazil >> 5/8/2013 - Petronas has agreed to pay $850 million for a stake in a Brazilian offshore oil field, bolstering its billionaire owner Eike Batista who is unloading assets to keep his energy businesses afloat. ...
Rialto Completes Accra Block Farm-in with Tap Oil
Ghana >> 5/8/2013 - The Company is pleased to announce that it has received notification from Tap Oil Limited that Rialto has satisfied the conditions under its Farm-in Agreement, for its acquisition of a 12.5% participa...
Brownstone Energy to Sell Interest in Canaguaro Block
Colombia >> 5/7/2013 - Brownstone Energy Inc. announces that it has agreed to sell its 25% oil and gas participating interest in the Canaguaro Block in the Llanos Basin in Colombia to Petrominerales Ltd. ...
BP Agrees to Sale its Interest in Polvo Field
Brazil >> 5/6/2013 - BP announced that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135m in cash. Subject to regulatory approvals, BP expects the deal to close in the ...
Petro Viking Signs LOI to Acquire Interests in Namibia
Namibia >> 5/6/2013 - Petro Viking Energy Inc is pleased to announce that it has entered into a Letter of Intent ("LOI") with each of two Namibian corporations which hold current applications for offshore blocks in Namibia...
Santa Maria Sells Interest in Canaguaro Block
Colombia >> 5/6/2013 - Santa Maria Petroleum Inc. announces that it has agreed to sell its 25% oil and gas interest in the Canaguaro Block in the Llanos Basin in Colombia to Petrominerales Ltd.

Petrominerales wi...
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale Australia >> 5/6/2013 - BG Group announced it has signed binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Au...
Sagres Confirms Expiry of El Triunfo Block Agreement
Colombia >> 5/6/2013 - Sagres Energy Inc. reports that the extension request made by the consortium partners on the El Triunfo block in Colombia (the Block) has been rejected by the Agencia Nacional de Hibrocarburos in Colo...
ERHC to Farm-out Part of its Interest in Kenya Block 11A
Kenya >> 5/6/2013 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced that it has signed a letter of intent with an integrated international oil and gas company...
Nigerian Lawmakers to Probe State Oil Firm Deals without Tenders
Nigeria >> 5/3/2013 - Nigerian lawmakers said that next week they will investigate deals in which the state-oil firm gave two local firms with no previous operating experience the rights to make potentially billions of dol...
Trap Acquires Additional 85% Interest in UKCS Blocks
United Kingdom >> 5/2/2013 - Trapoil , the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to provide the following update. ...

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