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Acquisitions and Divestitures News

Brazil Oil Sale Attracts Limited Interest
Brazil >> 9/19/2013 - Brazil's planned auction of its biggest-ever oil discovery attracted only a quarter of the interest expected by the government after many of the large, wealthy oil companies with experience in the reg...
Eni & SNPC to Jointly Explore the Ngolo Congolese Block
Congo >> 9/19/2013 - Eni and the Congolese state company Societe Nationale des Petroles du Congo (SNPC), will jointly explore the hydrocarbon potential of the Ngolo block, which is part of the Cuvette Basin. The block is ...
Geopark Signs 7 New Exploration Licenses in Brazil
Brazil >> 9/19/2013 - Further to its announcement of 15 May 2013, GeoPark Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and production in Chile, Colombia, Brazil an...
Tap Secures Option to Farm-in to Offshore Otway Basin
Australia >> 9/18/2013 - Tap Oil Limited is pleased to announce it has executed an agreement with WHL Energy Limited for an option to acquire an initial 10% interest in exploration permit Vic/P67 in the offshore Otway Basin. ...
Gazprom to Acquire New Licenses in Tajikistan
Tajikistan >> 9/18/2013 - Gazprom's delegation including Alexey Miller, Chairman of the Gazprom Management Committee and Valery Gulev, Director General of Gazprom International paid a visit today to Tajikistan. ...
CNOOC Signs PSC with Smart Oil
China >> 9/17/2013 - China National Offshore Oil Corporation (CNOOC) announced that it has signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. ...
Rialto Energy Signs MoU for New PSC for Block CI-202
Ivory Coast (Cote D'Ivoire) >> 9/16/2013 - Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd (Rialto CdI) has signed a Memorandum of Understanding (MoU) with the Cote d’Ivoire Ministry of Oil & Energy (the “Mi...
ONGC, Shell to Pre-Empt Block BC-10 Stake Sale
Brazil >> 9/13/2013 - Royal Dutch Shell and India's ONGC plan to exercise their pre-emption rights to buy a 35 percent stake in a Brazilian oil block that Brazil's Petrobras had planned to sell to China's Sinochem Group, t...
Molopo Announces Agreement to Sell South African Assets
South Africa >> 9/13/2013 - Molopo Energy Limited is pleased to announce that it has reached an agreement with a South African?based party (the “Purchaser”) to divest its interests in its South African biogenic gas assets, which...
Petrobras Announces Asset Sale in Colombia
Colombia >> 9/13/2013 - Petrobras announces that its Board of Directors, in a meeting held, approved the sale of 100% of shares issued by Petrobras Colombia Limited (PEC) to Perenco for US$ 380 million. ...
Venezuela & Trinidad Agree to Chevron Gas Deal
Venezuela >> 9/11/2013 - Venezuela and Trinidad and Tobago said that Venezuela's state oil company PDVSA will work with U.S. company Chevron to develop an offshore natural gas field, one of three that span the Caribbean count...
Iraq & BP Sign Deal to Revive Northern Kirkuk Oilfield
Iraq & BP Sign Deal to Revive Northern Kirkuk Oilfield Iraq >> 9/11/2013 - Baghdad signed a deal in early September for BP to revive Iraq's northern Kirkuk oilfield, Oil Minister Abdul Kareem Luaibi said, confirming a plan that Kurdistan has already rejected as illegal. The ...
Tellus Farmout arrangement with Senex in its PEL 105
Australia >> 9/11/2013 - Tellus Resources Ltd (the “Company” or “TLU”) and its wholly owned subsidiary PNC AUST Pty Ltd (“PNC”) are pleased to announce that they have agreed to a farmout arrangement with Senex Energy Limite...
Harvest Sells Company Including Venezuela
Venezuela >> 9/11/2013 - Harvest Natural Resources, Inc. announced it has entered into exclusive negotiations with Pluspetrol Venezuela S.A., an entity belonging to one of the leading exploration and production companies in L...
WHL Receives Support for Seychelles Work Program Extensions
Seychelles >> 9/11/2013 - Following recent successful meetings in the Seychelles between company executives and senior Government and PetroSeychelles officials, Australian energy company WHL Energy Limited is pleased to report...
Sea Dragon Sold its Interest in KomOmbo Concession
Egypt >> 9/11/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") announces that it has entered into a share purchase agreement (the "Agreement") dated September 9, 2013 with a private company (the "Purchaser") ...
Global Filed an Application to Renew Juan de Nova Est permit
Madagascar >> 9/11/2013 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that an application has been filed to renew the Juan de Nova Est permit for a fiv...
EnerGulf Retains Moyes & Co
Congo, Democratic Republic (Zaire) >> 9/11/2013 - EnerGulf Resources Inc is pleased to announce it has retained Moyes & Co (UK) Limited (“Moyes”) to assist in facilitating a transaction with a strategic co-venturer for the development of EnerGulf’s L...
Marathon to Sell Stake in Block 32 for $590 Million
Angola >> 9/10/2013 - Marathon Oil Corporation announced it is moving forward with plans to repurchase $1 billion of the Company's common stock pursuant to its outstanding share repurchase authorization. Unrelated to the s...
M & P Announces Sale of Sabanero Field to Pacific Rubiales
Colombia >> 9/10/2013 - Maurel & Prom has announced the sale of its 100% interest in the Sabanero Block to Meta Petroleum Corp, a 100% subsidiary of Pacific Rubiales Energy (PRE). The total consideration corresponding to Mau...

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