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Acquisitions and Divestitures News

Bashneft Wins Astashevsko-Sosnovsko-Nazarovskiy Block in Bashkortostan
Russia >> 10/17/2013 - At the auction conducted by the Department of Subsoil Use of the Republic of Bashkortostan (Bashnedra), Bashneft won the right to conduct geological exploration, prospecting and production of hydrocar...
W&T Offshore Acquired Assets in Callon Petroleum
United States >> 10/17/2013 - W&T Offshore, Inc. announced that it has entered into an agreement with Callon Petroleum Operating Company ("Callon") to acquire substantially all of Callon's exploration and production properties in ...
Northern Increases Equity in Guyane Maritime Permit
French Guiana >> 10/16/2013 - Northern Petroleum Plc has received formal notification from Wessex Exploration PLC ("Wessex"), the Company's joint venture partner in the Guyane Maritime permit offshore French Guiana (the "Guyane Pe...
Premier Oil Farms into Block 2B, Onshore Kenya
Kenya >> 10/15/2013 - Premier is pleased to announce that it has signed a farm-in for 55 per cent of Taipan Resources Inc (Taipan) licence interests in Block 2B, onshore Kenya. The block lies in the Southern Anza basin, a ...
Kosmos Finalizes Agadir Farm out Agreements with BP
Morocco >> 10/15/2013 - Kosmos Energy announced that it has entered into three farm-out agreements with BP plc, covering three blocks in the Agadir Basin, offshore Morocco. Under the terms of the agreements, BP will acquire ...
International Petroleum to Sale Russian & Kazakhstan Assets for $60 mln
Kazakhstan >> 10/14/2013 - International Petroleum Limited has entered into two binding conditional terms sheets (individually “Terms Sheet” or together “Terms Sheets”) with an unrelated company incorporated in Hong Kong (“Buye...
Approval of Farmout Agreement in Mauritania Block C19
Mauritania >> 10/14/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that, as detailed in the announcement of 8 August 2013, the farm-out agreement signed between its wholl...
ONGC Signed Agreements to Acquire 12% in Block BC-10
Brazil >> 10/14/2013 - ONGC Videsh, through its affiliates signed definitive agreements to acquire 12% Participating Interest (PI) in Block BC-10, Campos Basin, Deep Offshore Brazil as part of the sale of 35% share made by ...
Stetson Extends Option Agreement for Offshore African Acreage
Nigeria >> 10/11/2013 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private ...
South Africa to Take 20% Free Stake in New Oil Projects
South Africa >> 10/10/2013 - South Africa’s government plans to take a 20 percent free stake in all new oil and gas ventures and reserve the right to buy a further 30 percent at market-related rates, Mineral Resources Susan Shaba...
Lundin Receives Approval for Bertam Field Development Plan
Malaysia >> 10/10/2013 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has received approval for the Bertam Field Development Plan from PETRONAS. The Bertam field is the first ...
Reliance Signs Joint Study Agreement for Ayacucho 8
Venezuela >> 10/10/2013 - Reliance Industries Limited (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. ...
Parex Farms Out Moruga Block
Trinidad and Tobago >> 10/10/2013 - Parex Resources Inc., announces that its subsidiary Parex Resources (Trinidad) Ltd has signed a farmout agreement on the Moruga Block and has given notice that it will relinquish the Central Range Blo...
Shell Nigeria Selling Four Delta Oil Blocks
Nigeria >> 10/10/2013 - Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said, the latest move by an oil major t...
Apache Corp to Quit Kenya Offshore Block L8
Kenya >> 10/9/2013 - American explorer Apache Corp. has abandoned its hunt for hydrocarbons in Kenya, a hotspot in the race for new oil and gas deposits, after finding only non-commercial quantities of gas in its sole Ken...
SA Government Approves Ibhubesi Project Transfer to Sunbird
South Africa >> 10/9/2013 - The Directors of Sunbird Energy Ltd are pleased to announce that the South African Government, through the Petroleum Agency of South Africa (PASA) and the Department of Mineral Resources (DMR), has ap...
Brasoil Signs 3 Concession Contracts Acquired in Round 11 Auction
Brazil >> 10/9/2013 - On September 17, 2013 Brasoil executed the Concession Contracts for three blocks acquired in the Round 11 auction in Brasil. Two of the blocks are in the shallow water of the Foz do Amazonas basin (FZ...
Tangiers Terminates Farm-out Agreement with CWH Resources
Australia >> 10/8/2013 - Tangiers Petroleum Limited (Tangiers) advises that it has terminated its Farm-out Agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 (Permits) located in the ...
Dragon Oil Signs Contracts for Two Blocks in Afghanistan
Afghanistan >> 10/8/2013 - Dragon Oil plc (DGO), an international oil and gas exploration, development and production company, is pleased to announce the formal signing by the Ministry of Mines and Petroleum of Afghanistan of t...
BG Nears Partner Deal on Brazil Barreirinhas Basin
Brazil >> 10/8/2013 - BG Group Plc is close to a deal or deals that would reduce its 100 percent holdings in a group of six exploration licence blocks off Brazil's coast, the company said, a signal it aims to push ahead pr...

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