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Acquisitions and Divestitures News

Geopark Enters SPA for $ 140m in the BCAM-40 Block
Brazil >> 5/15/2013 - Panoro Energy ASA's wholly-owned subsidiary Panoro Energy do Brasil Ltda has on 14 May 2013 entered into a sales and purchase agreement (SPA) to divest its Brazilian subsidiary Rio das Contas to GeoPa...
BP Wins 8 Exploration Blocks in Brazil Round 11
Brazil >> 5/15/2013 - BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP wi...
Chariot Awards Four Blocks in Barreirinhas Basin
Brazil >> 5/15/2013 - Chariot Oil & Gas Limited is pleased to announce that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration lic...
Chariot Blocks Offshore Brazil Approved by ANP
Brazil >> 5/15/2013 - Chariot Oil & Gas Limited is pleased to announce that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration lic...
Geopark Awards Seven New Blocks in Round 11
Brazil >> 5/15/2013 - GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia and Argentina, is pleased to announ...
Platino Increases Interests in the Coati and Andaquies
Colombia >> 5/14/2013 - Platino Energy Corp. is pleased to provide an update on its operations, including an increase in its working interest in two of its exploration properties. ...
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. ...
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...
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. ...
Afren Completes Farm out Agreement on OPL 310
Nigeria >> 5/14/2013 - Afren plc announces the completion of a farm out agreement with Lekoil Limited ("Lekoil") on the OPL 310 licence, located offshore Nigeria, and an update on the exploration drilling programme on the b...
Galp Won 9 Blocks on the 11th Bidding Round
Brazil >> 5/14/2013 - Galp Energia participated on the first day of the 11th bidding round for exploratory blocks organized by the National Petroleum, Natural Gas and Biofuels Agency (“ANP”), that was held today in Rio de ...
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...
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...
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...
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...
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. ...
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. ...

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