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Acquisitions and Divestitures News

Valiant Petroleum Farms out Isabella Prospect to Maersk
United Kingdom >> 3/8/2013 - Valiant Petroleum plc is pleased to announce its wholly owned subsidiary Valiant Causeway Limited (Valiant) has signed a farm-out agreement with Maersk Oil North Sea UK Limited (Maersk Oil UK) with re...
Eland Oil & Gas Enters into Option Agreement for OPL 452
Nigeria >> 3/8/2013 - Eland Oil & Gas plc, an oil & gas development and exploration company operating in West Africa with a principle focus on Nigeria, is pleased to announce that an option agreement has been entered into ...
Blue Dolphin Announces Disposal of Asset
Indonesia >> 3/7/2013 - Blue Dolphin Energy Company announced that its wholly-owned subsidiary, Blue Dolphin Exploration Company ("BDEX") completed the disposal of its seven percent (7%) undivided working interest in the Nor...
ExxonMobil Sells Interests in 20 GoM Tracts to Neftegaz
United States >> 3/6/2013 - Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an ...
Petrochina Will Develop West Qurna Field with Exxon
Iraq >> 3/5/2013 - PetroChina is willing to jointly develop the West Qurna oilfield in Iraq with Exxon Mobil, the chairman of China's largest oil and gas producer said. ...
Anadarko Announces $860 M Agreement for Heidelberg Development
United States >> 3/5/2013 - Anadarko Petroleum Corporation announced it has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko's ownership in the Heidel...
PRD Energy Awarded Petroleum Exploration License Onshore Germany
Germany >> 3/5/2013 - PRD Energy Inc. is pleased to announce that it has been awarded the Sudbayern-Nord Exploration License covering approximately 925,000 acres in Germany. The license is located onshore in the state of B...
Anadarko Launches $4.5B Mozambique Gas Sale
Mozambique >> 3/5/2013 - Anadarko Petroleum Corp and an Indian billionaire have launched the auction of a 20 percent stake in a Mozambique gas field that could fetch $4.5 billion, sources familiar with the matter told Reuters...
Zhaikmunai Completes Acquisition of Three Fields
Zhaikmunai Completes Acquisition of Three Fields Kazakhstan >> 3/5/2013 - Zhaikmunai LP, the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, confirms that it has acquired legal ownership of the subsoil rights related to three oil a...
Songa Venus Secures Contract Extension
Vietnam >> 3/1/2013 - Songa has entered into a contract extension and farm out agreement with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and M...
Sale’s Completion of Onshore UK Assets to IGas Energy
United Kingdom >> 3/1/2013 - Providence Resources P.l.c., (Providence) the Irish oil and gas exploration and appraisal company, whose shares are listed in London (AIM) and Dublin (IEX), is pleased to announce that it has closed t...
INPEX Completes transfer of Ichthys LNG Project 6% Interest to Total
Australia >> 3/1/2013 - INPEX and Total have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest to Total. ...
Gulfsands Wins Exploration Concessions in Colombia
Colombia >> 3/1/2013 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and the U.S.A., is pleased to announce that it has finalised two exp...
Explora Petroleum Enters into Agreement with E.ON
Norway >> 2/28/2013 - Explora Petroleum AS is pleased to announce that the company has entered into an agreement with E.ON E&P Norge AS to acquire a share of PL 484, offshore Norway. Explora Petroleum will acquire a 20 per...
Tethys Announces Kul-Bas Contract Extension
Tethys Announces Kul-Bas Contract Extension Kazakhstan >> 2/28/2013 - Tethys Petroleum Limited (Tethys or the Company) announced that the Ministry of Oil and Gas of the Republic of Kazakhstan (MOG) has agreed to extend the Exploration Period for the Company's Kul-Bas Ex...
Stetson Extends Option for African Acreage to 1 May 2013
Canada >> 2/28/2013 - Stetson Oil & Gas Ltd. reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private company (Privateco), as extended on October...
Gazprom Neft Signs Kurdistan Oil Project Deal
Iraq >> 2/26/2013 - Russia's fifth-largest crude producer Gazprom Neft has signed a deal to enter an oil project in Iraq's autonomous region of Kurdistan, a company official said, despite tension between local authoritie...
Beach Energy Farms Out Exploration Acreage to Chevron
Beach Energy Farms Out Exploration Acreage to Chevron Australia >> 2/25/2013 - Beach Energy will transfer up to 60% of its interests in PEL 218 (Beach 100%) and ATP 855 (Beach 60%) to Chevron. It is envisaged that Beach will potentially receive US$349 million over two stages for...
Otto Energy Preferred Bidder for Area 7 in Philippine
Otto Energy Preferred Bidder for Area 7 in Philippine Philippines >> 2/22/2013 - Otto Energy Ltd, has been named as the preferred bidder for Area 7 under the Fourth Philippine Energy Contracting Round. ...
Africa Oil Executes Rift Basin Area PSA
Ethiopia >> 2/21/2013 - Africa Oil Corp.is pleased to announce the formal execution of a new Ethiopian Production Sharing Agreement. The agreement covers the 42,519 square kilometer "Rift Basin Area", previously held by the ...

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