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Acquisitions and Divestitures News

PetroAsian Sign MOU in Acquisition of Kazak-based O&G Firm
Kazakhstan >> 1/30/2013 - PetroAsian Energy Holdings Limited (the Company which together with its subsidiaries, the Group) pursuant to Rule 13.09(2)(a) of the Rules (the Listing Rules) Governing the Listing of Securities on Th...
Argentine Court Upholds Freeze on Chevron Assets
Argentina >> 1/30/2013 - An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of...
Wintershall Selling Stake in Argentine Shale Block
Argentina >> 1/30/2013 - BASF SE’s Wintershall, Germany’s largest oil producer is seeking partners to develop a shale- rock deposit in Argentina after the country increased prices for natural gas.

The company, bas...
Kazakhstan Buys ConocoPhillips stake in Nursultan Block
Kazakhstan Buys ConocoPhillips stake in Nursultan Block Kazakhstan >> 1/30/2013 - Kazakhstan's state oil company KazMunaiGas (KMG) has bought a 24.5-percent stake held by U.S. energy major ConocoPhillips in the Nursultan offshore oil block in the Caspian, KMG said, disclosing no pr...
Aminex Extends Bidding Period for Ruvuma Farm-out
Tanzania >> 1/29/2013 - Aminex PLC, a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, announces that it has extended the bidding period for its proposed f...
KMP to Acquire Copano for Approximately $5 Billion
United States >> 1/29/2013 - Kinder Morgan Energy Partners, L.P. and Copano Energy, L.L.C. announced a definitive agreement whereby KMP will acquire all of Copano’s outstanding units for a total purchase price of approximately $5...
Vanoil Extends TEA With Ministry of Natural Resources
Rwanda >> 1/29/2013 - Vanoil Energy Ltd is pleased to announce it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources. The agreement provides Vanoil with ...
Edgo Energy Relinquishes Block L-26 Offshore Kenya
Kenya >> 1/28/2013 - Edgo Energy, the exploration unit of Jordan's Edgo, has relinquished a licence to explore an area offshore Kenya, citing the technical difficulties of drilling in very deep water. The licence area, a ...
Forum Energy Announces SC72 Licence Extension
Philippines >> 1/25/2013 - Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, confirms that the Philippine Department of Energy has granted the Company's request fo...
Vanoil Receives Work Program Extension for Blocks 3A & 3B
Kenya >> 1/25/2013 - Vanoil Energy Ltd. is pleased to announce that the Kenyan Ministry of Energy has extended the deadlines within which Vanoil must satisfy the work program obligations defined in its Production Sharing ...
Namibian MME Approves the Transfer of Rights & Obligations
Namibia >> 1/24/2013 - HRT Participaçoes em Petroleo S.A announces that, the assignment of a 14% participating interest in the exploratory rights over three (3) offshore Petroleum Exploration Licences (PEL) in Namibia to G...
Kurdistan Awards Chevron Stake in Qara Dagh Oil Block
Kurdistan Awards Chevron Stake in Qara Dagh Oil Block Iraq >> 1/24/2013 - Iraqi Kurdistan has awarded Chevron Corp a stake in the Qara Dagh oil block, the region's energy minister said, building on the company's exploration play in the autonomous northern region. ...
Eni Awarded 3 Offshore Exploration Blocks in Cyprus
Eni Awarded 3 Offshore Exploration Blocks in Cyprus Cyprus >> 1/24/2013 - Eni signed Exploration and Production Sharing Contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus, for Blocks 2, 3 and 9 located in the Cypriot deep offshore portio...
Genel Completes Purchase of 49% of Miran Block
Genel Completes Purchase of 49% of Miran Block Iraq >> 1/23/2013 - Heritage Oil Plc, an independent upstream exploration and production company, announces that it has completed the previously announced disposal of the remaining 49% interest in the Miran Block in the ...
Chevron Signs Agreement for Offshore Morocco
Morocco >> 1/22/2013 - Chevron Corporation announced that its subsidiary, Chevron Morocco Exploration Ltd, signed petroleum agreements with Morocco's Office National Des Hydrocarbures Et Des Mines for three offshore areas. ...
Pertamina to Proceed With Algeria Oil Field Buy
Algeria >> 1/22/2013 - PT Pertamina, Indonesia’s state- owned oil company, will proceed with a bid to buy stakes in three Algerian oil fields from ConocoPhillips (COP) to expand its overseas assets. ...
Private Equity Hunts for Brazil’s Next Big Oil Startup
Brazil >> 1/22/2013 - Brazil’s plan to sell offshore oil licenses for the first time in six years is sending private- equity investors on a search for startups to compete with global producers including Royal Dutch Shell P...
Gulfsands Completed Acquisition of Moroccan Interests
Morocco >> 1/17/2013 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Tunisia and the U.S.A., is pleased to announce that further to the Company's announce...
Chevron Acquires New Offshore China Acreage
Chevron Acquires New Offshore China Acreage China >> 1/16/2013 - Chevron Corporation announced that its China subsidiary has entered into production sharing contracts (PSC) with China National Offshore Oil Corporation (CNOOC) for two exploration blocks in the South...
Eni Pulls Out of Mali on Poor Prospecting Outlook
Eni Pulls Out of Mali on Poor Prospecting Outlook Mali >> 1/15/2013 - Italian oil and gas group Eni has pulled out of Mali because of the poor prospecting outlook in the African country, an Eni spokesman said. "Eni has handed back licenses it had because of the very low...

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