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Acquisitions and Divestitures News

PRE Exercises Option to Acquire 35% in Bilby Well
Brazil >> 3/28/2013 - Pacific Rubiales Energy Corp. has elected to exercise its option to acquire a 35% interest in Karoon Gas Australia Ltd’s Santos Basin Block, S-M-1166. In consideration for acquiring the option interes...
Total Sells its 49% Interest in Voyageur Upgrader Project
Canada >> 3/28/2013 - Following the decision not to proceed with the Voyageur Upgrader project located in Northern Alberta, Total announces that it has reached an agreement to sell its entire 49% interest in the Voyageur U...
Exxon in Talks to Sell 5 % of Iraq Field to Mubadala
Iraq >> 3/28/2013 - Exxon Mobil is in negotiations to sell 5 percent of its stake in Iraq's West Qurna-1 oilfield to Abu Dhabi's state-run investment fund Mubadala, part of the U.S. major's moves to reduce its exposure t...
Hess Closes Sale of Interest in ACG Fields to ONGC
Azerbaijan >> 3/28/2013 - Hess Corporation announced it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Vi...
Liberian Ratifies Amended PSC for LB-13 Block
Liberia >> 3/27/2013 - Canadian Overseas Petroleum Limited, is pleased to announce that the Liberian Legislature, consisting of the Senate and the House of Representatives, has voted in favour of ratifying the Restated and ...
FAR Limited Secures Additional Acreage Offshore Kenya
FAR Limited Secures Additional Acreage Offshore Kenya Kenya >> 3/27/2013 - The Kenyan Government has confirmed a 60% expansion of FAR Ltd’s highly prospective L6 exploration permit off the coast of Kenya. This additional area, which had previously been relinquished and has n...
Petrobras to Auction $5 Billion of Nigeria Oil Assets
Nigeria >> 3/27/2013 - Brazilian oil company Petrobras is to auction off its stakes in Nigerian oil fields to raise cash for domestic projects, a deal that may fetch up to $5 billion (£3.3 billion pounds), sources close to ...
Shell, Repsol, OGX Qualify to Bid for Brazil Blocks
Brazil >> 3/26/2013 - Units of Royal Dutch Shell Plc, Repsol SA and OGX Petroleo e Gas SA were given approval by Brazil to bid in an auction of oil rights in May, the country's first since 2008, Brazil's oil regulator said...
Perupetro Announces Bidding Round for 9 Offshore Blocks
Peru >> 3/25/2013 - Perupetro S.A. announced the International Public Bidding for the hydrocarbon exploration and exploitation of nine offshore blocks, located in Salaverry, Trujillo Lima, Pisco and Mollendo Basins, whic...
WHL Executes LOI for Seychelles Acreage
Seychelles >> 3/25/2013 - WHL Energy Limited is pleased to announce it has executed a non-binding Letter of Intent (LOI) with a potential farminee which is a top 100 Global Fortune 500 Company with substantial production and t...
Acquisition of New Exploration Licence in Russia
Acquisition of New Exploration Licence in Russia Russia >> 3/25/2013 - International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that its wholly-owned subsidiary company, Yuzhno-Sardako...
Sinopec in JV to Buy $3 Billion of Assets from Parent
China >> 3/24/2013 - China Petroleum and Chemical Corp (Sinopec Corp) has agreed to set up a joint venture with its parent company to buy $3 billion worth of oil and gas assets held by the latter in a bid to improve its p...
Iran Replaces Indian Company with IOOC in Farsi Block
Iran >> 3/23/2013 - Iran has awarded the development of an offshore hydrocarbon block in the Persian Gulf to a domestic company after an Indian state-run consortium dragged its feet on operating the project. ...
Eni Awarded Five Offshore Blocks in Gulf of Mexico
Eni Awarded Five Offshore Blocks in Gulf of Mexico United States >> 3/22/2013 - Eni was the highest bidder in five offshore exploration blocks within the Central Gulf of Mexico Lease Sale 227 that took place in New Orleans. ...
Cooper Awarded Merangin III PSC Onshore Indonesia
Indonesia >> 3/21/2013 - Cooper Energy Limited is pleased to report that it has been awarded the Merangin III Production Sharing Contract (“PSC”) onshore Indonesia, on a 100% basis. The new PSC is located within the central p...
INPEX Awarded West Sebuku Block, Offshore Indonesia
Indonesia >> 3/21/2013 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX was successful in the 2012 Petroleum Licensing Round in Indonesia and awarded the West Sebuku Block (the Block) jointly with Mubadala Petrol...
Mubadala Awarded West Sebuku PSC in Indonesia
Indonesia >> 3/21/2013 - Mubadala Petroleum announces that, in partnership with INPEX CORPORATION (INPEX), it has been awarded the Production Sharing Contract (PSC) for the West Sebuku block by the Director General of Oil & G...
Aminex Provides Ruvuma Farm-out Update
Tanzania >> 3/21/2013 - Aminex PLC, (Aminex), a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, provides an update on its proposed farm-out of an interest...
Indonesia Awards 14 Oil & Gas Exploration Blocks
Indonesia Awards 14 Oil & Gas Exploration Blocks Indonesia >> 3/21/2013 - Indonesia awarded exploration rights to 14 oil and gas blocks in a tender outcome the government hailed as showcasing the sector's attractiveness to investors. ...
Jacka Resources Awarded Ruhuhu Licence in Tanzania
Tanzania >> 3/20/2013 - Australian listed African explorer Jacka Resources Limited (Jacka) is pleased to announce that a Production Sharing Agreement (PSA) for the Ruhuhu Block was signed at a ceremony in Dar es Salaam on 19...

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