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Acquisitions and Divestitures News

Petrotrin wins E&P Contract to Explore Galeota Block
Trinidad and Tobago >> 6/13/2013 - Petrotrin has signed a US$100m exploration and production licence with Bayfield Energy (Galeota) Ltd for exploration of the Galeota block and revitalization of the Trintes oil field. ...
RWE Expands Exploration Portfolio with Farm-In in Suriname
Suriname >> 6/12/2013 - RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV, acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South ...
Panoro Provides Update on the Divestment of the Aje Field
Nigeria >> 6/12/2013 - Panoro Energy ASA's (the "Company") wholly-owned subsidiary Pan Petroleum Aje Limited has agreed in principle the terms of sale with an undisclosed buyer forits 6.502 % participating interest in the O...
Seychelles Government Approves WHL's Farm out Oil Exploration Well in Colombia
Seychelles >> 6/12/2013 - Australian energy company WHL Energy Limited is pleased to announce that the Government of the Republic of the Seychelles has reached agreement on the terms related to a proposed farmin by a leading ...
Lundin Awarded One Licence in 22nd Norwegian Licensing Round
Norway >> 6/12/2013 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded one exploration licence in the 22nd licensing round. ...
PetroSA & Sasol Sign Agreement over Block 3A/4A
South Africa >> 6/12/2013 - South Africa’s National Oil Company, PetroSA, has signed a Technical Cooperation Permit (TCP) agreement with Sasol to explore a block in the country’s offshore area. ...
INPEX Granted Exploration Block WA-494-P
Australia >> 6/11/2013 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX has been granted the Permit WA-494-P (the Block) at the Australian Offshore Petroleum Acreage Release 2012, through its subsidiary INPEX Bro...
Chariot Agreed License Extension for Offshore Morocco
Morocco >> 6/11/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has agreed with th...
Lukoil Joins a New Offshore Block in Cote D'ivoire
Ivory Coast (Cote D'Ivoire) >> 6/11/2013 - LUKOIL has acquired a 65% stake in the exploration, development and production project on block CI-504 offshore the Republic of Cote d'Ivoire in the Gulf of Guinea. ...
Chevron to Sell Two Nigerian Oil Blocks
Nigeria >> 6/11/2013 - Chevron is selling its stake in two Nigerian shallow water oil blocks, the company said, the latest oil major seeking to dispose of assets in Africa's biggest oil producer. ...
ONGC Announces Mozambique Gas Field Deal
Mozambique >> 6/10/2013 - Indian state company ONGC withdrew a statement issued on Monday saying it and Oil India Ltd had signed an agreement to buy a 10 percent stake in a Mozambique gas field from Videocon Group for $2.48 bi...
Petrobras Signs LOI with GS Energy Corporation
Brazil >> 6/10/2013 - Petrobras announces that it has executed, on May 29, 2013, a Letter of Intent with GS Energy Corporation (GSE), for the development of joint study for the Premium 2 Refinery Project, in the state of C...
Brazil Seeks at Least $4.6 bln for Libra Field
Brazil >> 6/10/2013 - Brazil will ask investors to pay at least 10 billion reais ($4.6 billion), plus a share of future oil and natural gas output, for the right to develop the giant Libra offshore prospect it plans to sel...
Petrobras Plans to Leave Peru
Peru >> 6/7/2013 - Brazil's Petrobras plans to leave Peru, six high-level sources inside and outside of the company said, as the overextended state-run firm sheds assets abroad to focus on its domestic market. ...
Sonde Announces Further Extension of Farm-Out of Joint Oil Block
Tunisia >> 6/7/2013 - Sonde Resources Corp announced that the original Farm-Out Agreement with Viking Energy North Africa Limited (“Viking”) has been extended by mutual agreement until July 31, 2013. An extension of the c...
MME Approves 1 Year Extension for Block 2714A
Namibia >> 6/7/2013 - Chariot Oil & Gas Limited, the Atlantic Margins focused oil and gas exploration company, confirms that the Ministry of Mines and Energy, Namibia has approved a one year extension to the First Renewal ...
Santa Closes Sale of Canaguaro Block
Colombia >> 6/7/2013 - Santa Maria Petroleum Inc is pleased to announce that it has completed the previously announced sale of its 25 per cent oil and gas interest in the Canaguaro Block in the Llanos Basin in Colombia to P...
CNPC & Ecuadorian Authorities Sign an Agreement
Ecuador >> 6/6/2013 - CNPC Chairman Zhou Jiping called on Ecuadorian Vice President Jorge Glas in Quito, Capital City of the South American country. They had an extensive and in-depth discussion on promoting oil and gas co...
Senex Sells Its Interest in ATP 752 & PL 303
Australia >> 6/6/2013 - Senex Energy has entered into an agreement to sell its 15% interest in the Santos operated Cuisinier oil field (PL 303) and its interests in ATP 752 (15% Barta Block and 17.5% Wompi Block) for $20 mil...
Tap Oil Farmout WA-320-P / WA-155-P Permits
Australia >> 6/4/2013 - Tap Oil Limited is pleased to announce that its wholly owned subsidiary Tap (Shelfal) Pty Ltd has entered into an agreement with JX Nippon Oil and Gas Exploration (Australia) Pty Ltd to farmout a port...

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