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Acquisitions and Divestitures News

Zion Applies for New Exploration License in Israel
Israel >> 4/18/2013 - Zion Oil & Gas, Inc. (Zion) (ZN) announced that, on April 16, 2013, Zion submitted to Israel’s Petroleum Commissioner and other Ministry officials an application seeking a Petroleum Exploration Licens...
Strike Announces $3.5 Mln Sale of Carnarvon Basin permits
Australia >> 4/18/2013 - Strike Energy has entered into an agreement to sell its wholly owned subsidiary, Strike Energy Western Australia, for a cash consideration of $3.5 million to Torrens Energy. ...
PETRONAS Denies Deal to Acquire Stake in Brazil
Brazil >> 4/17/2013 - In response to press reports on PETRONAS’ possible acquisition of OGX Petroleo & Gas Participacoes SA (OGX)’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin, PETRONAS would like to...
Hess to Sell One Stake in Algeria to Cepsa
Algeria >> 4/17/2013 - Hess Corp will sell one of its only two Algerian oil stakes to Spain's Cepsa, already heavily involved there, due to poor return potential, a source close to the deal said. ...
Panoro Decides not to Participate in Bid Round 11
Brazil >> 4/16/2013 - Panoro Energy ASA announces that the company has decided not to participate in the 11th Bidding Round in Brazil and consequently has informed the Brazilian National Petroleum Agency (ANP) accordingly....
Woburn Energy Provides Corporate Update
Colombia >> 4/15/2013 - On 22 August 2012 Woburn announced the consideration payment dates in respect of the disposal by Woburn's 51 per cent. owned subsidiary, LQRC, of its 50 per cent. working interest in the Las Quinchas ...
Shell to Sale Selected Downstream Businesses in Italy
Italy >> 4/15/2013 - Shell announces that it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy. ...
OMV Buys RWE Stake in Nabucco Gas Pipeline
Turkey >> 4/14/2013 - Austrian energy group OMV has bought German utility RWE's nearly 17 percent stake in the Nabucco pipeline project that aims to bring Caspian gas to Europe,. ...
Eni Awarded New Exploration Area in Timor Sea, Australia
Eni Awarded New Exploration Area in Timor Sea, Australia Australia >> 4/13/2013 - Eni has been awarded a new exploration Production Sharing Contract (“PSC‘) covering an area of 662 sqkm adjacent to the offshore Kitan field, in the Timor Sea. ...
Westbridge Receives Extension on Ropat Acquisition
Namibia >> 4/11/2013 - Westbridge Energy Corporation announces it has received an extension on the timeframe to close the acquisition with Ropat Petroleum Investments (PTY) Ltd. ("Ropat") to acquire a majority interest in t...
Dabbagh Group Set to Buy out Stack in Lubricant Venture
Saudi Arabia >> 4/9/2013 - Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner's stake in a lubricant venture in the kingdom, a deal prompted by strategy differences between the pa...
Statoil & SOCAR Sign MoU to Explore New Caspian Acreage
Statoil & SOCAR Sign MoU to Explore New Caspian Acreage Azerbaijan >> 4/8/2013 - Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani se...
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale Australia >> 4/5/2013 - Karoon Gas Australia has notified ConocoPhillips' of its intention not to exercise its right to pre-empt the proposed sale by ConocoPhillips of a 20% interest in Browse Basin exploration Blocks WA-315...
ExxonMobil to Explore Offshore Liberia Block 13
Liberia >> 4/5/2013 - Exxon Mobil Corporation announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than ...
Central Completes Amadeus, Pedirka Basin Farmout
Australia >> 4/4/2013 - Central Petroleum Ltd completed the farm-out transaction with Santos Limited in respect of most of the areas covered by their joint venture agreement covering more than 18.7 million acres in the Amade...
71 Companies Signed up for May Oil-Rights Auction
Brazil >> 4/4/2013 - Brazil's oil regulator said on Thursday that 71 companies have signed up to bid in the country's 11th round auction of oil exploration and production rights in May, the first such sale in Brazil in fi...
Shell Announced Geelong Refinery for Sale
Singapore >> 4/4/2013 - The proposed sale of the 120 kb/d refinery is in line with Shell’s global strategy to concentrate investment on large scale sites, such as the company’s world scale Pulau Bukom refinery in Singapore. ...
Central Petroleum Consolidates Interest in EP97 with Rawson
Australia >> 4/3/2013 - Central Petroleum Limited has agreed to buy Rawson Resources’ remaining interest in EP97 in exchange for the placement of 50 million shares, representing less than 4% of Central. ...
Inpex Acquires 25% in Block Area 2&5, Offshore Mozambique
Mozambique >> 4/2/2013 - Inpex Corporation is pleased to announce that through its subsidiary, INPEX Mozambique, Ltd., it has signed a contract to acquire a 25% participating interest in the exploration block Area 2&5 (the bl...
Apache Acquires 14 Blocks in Central GOM Lease Sale 227
Apache Acquires 14 Blocks in Central GOM Lease Sale 227 United States >> 4/1/2013 - Apache Corporation announced that its subsidiaries were the apparent high bidders on nine shallow water blocks and five deepwater blocks in the recent Gulf of Mexico lease sale held by the U.S. Depart...

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