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Acquisitions and Divestitures News

Santa Maria Sells Interest in Canaguaro Block
Colombia >> 5/6/2013 - Santa Maria Petroleum Inc. announces that it has agreed to sell its 25% oil and gas interest in the Canaguaro Block in the Llanos Basin in Colombia to Petrominerales Ltd.

Petrominerales wi...
Petro Viking Signs LOI to Acquire Interests in Namibia
Namibia >> 5/6/2013 - Petro Viking Energy Inc is pleased to announce that it has entered into a Letter of Intent ("LOI") with each of two Namibian corporations which hold current applications for offshore blocks in Namibia...
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale Australia >> 5/6/2013 - BG Group announced it has signed binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Au...
ERHC to Farm-out Part of its Interest in Kenya Block 11A
Kenya >> 5/6/2013 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced that it has signed a letter of intent with an integrated international oil and gas company...
BP Agrees to Sale its Interest in Polvo Field
Brazil >> 5/6/2013 - BP announced that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135m in cash. Subject to regulatory approvals, BP expects the deal to close in the ...
Nigerian Lawmakers to Probe State Oil Firm Deals without Tenders
Nigeria >> 5/3/2013 - Nigerian lawmakers said that next week they will investigate deals in which the state-oil firm gave two local firms with no previous operating experience the rights to make potentially billions of dol...
Trap Acquires Additional 85% Interest in UKCS Blocks
United Kingdom >> 5/2/2013 - Trapoil , the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to provide the following update. ...
Oando Announces Closing of Qua Ibo Acquisition
Nigeria >> 4/30/2013 - Oando Energy Resources Inc, a company focused on oil exploration and production in Nigeria, announced the closing of its acquisition from Oando Plc (“Oando”) of shares in Oando Qua Ibo Limited (which ...
Algeria's Sonatrach Eyes Mozambique Gas Assets
Mozambique >> 4/30/2013 - Algerian state energy firm Sonatrach is in talks to buy a stake in Mozambique offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp , its chief executive was quoted as saying. ...
Gold Oil Farms out Block Z-34 to Union Oil & Gas
Peru >> 4/30/2013 - Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that it has farmed out 80% of its interest in the block Z-34, offshore Peru, to Union Oil & Gas Group Co...
San Leon Awarded Two Further Spanish Exploration Licences
Spain >> 4/29/2013 - San Leon Energy is pleased to announce that it has been awarded two new exploration licences in Spain. The two new licences, Aquiles and Cronos (Licences), have been granted to Frontera Energy, San Le...
Oranto Farms out Ondjou Permit Offshore Namibia
Namibia >> 4/29/2013 - Acorn Geophysical announce a farm-in opportunity relating to the Oranto Petroleum held 2011B/2111A Permit in the Walvis basin, Offshore Namibia, formerly known as the Ondjou Block. ...
Global Provides Update on Bolivar Partnering Process
Colombia >> 4/26/2013 - Global Energy Development PLC (Global), the Latin America focused petroleum exploitation, development and production company with operations in Colombia is providing an update on the status of the par...
PSCs over Four License Blocks in Niger Come into Force force
Niger >> 4/26/2013 - International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that, following the fulfilment of certain conditions (the “Conditions”)...
Staatsolie Signs Oil Deal with Petronas
Suriname >> 4/26/2013 - Suriname's state oil company Staatsolie and Malaysia's Petronas signed a production sharing contract for an offshore bloc about 130 kms (80 miles) off the coast of the South American nation. ...
Bass Strait Increases Interest in Gippsland Permit Vic/P41
Australia >> 4/23/2013 - Bass Strait Oil Company has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin. On 21 March 2013 Moby Oil and Gas announced it had negotiated final ...
DNO International Signs Block SL18 PSC in Somaliland
DNO International Signs Block SL18 PSC in Somaliland Somalia >> 4/23/2013 - DNO International ASA (DNO International), the Norwegian oil and gas company, announced that it has entered into a Production Sharing Contract (PSC) covering Block SL18 onshore Somaliland. The Preside...
GEM Signs LOI With Petroskandia for Tebourosouk Block
Tunisia >> 4/23/2013 - Resource Ventures, Inc, through its wholly-owned subsidiary, Global Energy Management Ltd., ("GEM"), has signed a Letter of Intent ("LOI") with Petroskandia AB of Sweden, an oil and gas exploration, p...
Dana Gas Awarded Offshore Block in Egypt
Dana Gas Awarded Offshore Block in Egypt Egypt >> 4/22/2013 - Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to announce it was a successful bidder in the Egyptian Natural Gas Holding Company 2012 International Bid Ro...
Eni Awarded a Deepwater Exploration Block in Egypt
Eni Awarded a Deepwater Exploration Block in Egypt Egypt >> 4/22/2013 - Eni was awarded a deepwater exploration block (Block 9) in the Eastern Mediterranean of Egypt within the EGAS 2012 International bid round in Cairo (Egypt). ...

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