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Acquisitions and Divestitures News

Sonde Farms out 66% of Joint Oil Block Interest
Tunisia >> 12/27/2012 - Sonde Resources Corp announces that it has farmed out 66.67% of its interest in the Joint Oil Block to Viking Energy North Africa Limited (“Viking”), a private company. ...
Vermilion Closes Acquisition of Zaza Energy France
Vermilion Closes Acquisition of Zaza Energy France France >> 12/27/2012 - Vermilion Energy Inc. (Vermilion or the Company) is pleased to announce that it has completed its previously announced transaction with ZaZa Energy Corporation ("ZaZa") whereby Vermilion, through its ...
Statoil Acquires 25% Interest from Vale in BM-ES-22A
Brazil >> 12/27/2012 - Statoil is expanding its exploration portfolio through the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil. ...
TNK-BP Acquires New Fields in the Orenburg Region
TNK-BP Acquires New Fields in the Orenburg Region Russia >> 12/26/2012 - TNK-BP informs about the acquisition of 100% stake in Yupiter-A LLC, which owns licenses for Tverdilovskiy and Pogromnenskiy areas in the Orenburg region with total reserves (C1+C2) of 8.1 mln tons. ...
Lukoil Wins the Bidding for Federal Subsoil Use
Lukoil Wins the Bidding for Federal Subsoil Use Russia >> 12/25/2012 - OOO LUKOIL-West Siberia (a wholly-owned OAO LUKOIL subsidiary) has won the bidding for the use of a subsoil site of federal importance, including the Imilorskoye+West Imilorskoye and Istochnoye fields...
LUKOIL Says "No" to Iraqi West Qurna-1 Project
LUKOIL Says Iraq >> 12/24/2012 - Russia's second-largest crude producer LUKOIL said it decided against entering project to develop Iraqi huge West Qurna-1 oilfield, citing high risks. ...
Total and CNODC Farm-in to Tethys' Tajikistan Assets
Tajikistan >> 12/21/2012 - Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia, announced that its subsidiary, Kulob Petroleum Limited, has signed a farm-out agreement ("FOA") fo...
MEO Australia Farms in Bonaparte Basin Permit NT/P79
Australia >> 12/21/2012 - MEO Australia Limited advises that it has executed binding agreements subject only to normal regulatory approvals, with Finder Exploration Pty Ltd (Finder) to farmin to the NT/P79 exploration permit i...
Tower Receives Namibia Licence 10 Farmout Approvals
Namibia >> 12/21/2012 - Tower Resources plc, the AIM listed oil and gas exploration company, is pleased to announce that approval has been granted by the Namibian Competition Commission and the Ministry of Mines and Energy f...
TNK-BP Announces Discovery of New Fields in Orenburg
Russia >> 12/20/2012 - TNK-BP announces the discovery of new oil fields in the Pokrovsko-Sorochinskiy and Radovskiy blocks, with estimated potential recoverable reserves of 4 million tonnes in the ABC1 category and 1 millio...
CNPC to Buy Exxon out of Iraq Oil
CNPC to Buy Exxon out of Iraq Oil Iraq >> 12/20/2012 - China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after ...
RWE Dea Egypt Finalised A Set of Portfolio Measures
Egypt >> 12/20/2012 - RWE Dea AG reached an agreement with INA-INDUSTRIJA NAFTE d.d. on the sale of its 50% interest of the East Yidma Concession and with Apache Mediterranean Corporation of its 35% interest in the West Me...
Andes Wins One Further Block in the Colombia Round 2012
Colombia >> 12/20/2012 - Following our announcement on 26 November 2012, the Board of Andes, the Latin American E&P group, is pleased to announce that the Company, through its subsidiary Andes Energia Argentina S.A., in a con...
Azeri Gas Group in Talks to Buy Nabucco Pipeline Stake
Turkey >> 12/20/2012 - Azerbaijan's Shah Deniz II gas group could agree to take over a 50 percent stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim ...
ConocoPhillips to Sell Nigerian Business Unit to Oando
Nigeria >> 12/20/2012 - ConocoPhillips announced it has entered into agreements to sell its Nigerian business unit for a total of $1.79 billion plus customary adjustments. ...
BP to Sell Yacheng Gas Field in China to KUFPEC
BP to Sell Yacheng Gas Field in China to KUFPEC China >> 12/19/2012 - BP announced that it has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash. S...
Alliance Oil Wins E&P License in Timano-Pechora
Alliance Oil Wins E&P License in Timano-Pechora Russia >> 12/19/2012 - Alliance Oil won the auction for the Alfinski exploration and production license. The Company will pay approximately MUSD 0.5 for the license to be awarded by the Russian Federal Agency Rosnedra. ...
Gulfsands Acquires Interests in Morocco with Caithness
Morocco >> 12/19/2012 - 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 the Company has reached an agreem...
Acquisition of Nitrogenated Fertilizers Plant in Parana
Brazil >> 12/18/2012 - Petrobras announces that it has entered into an agreement with Vale S.A. (“Vale”) to purchase 100% of the shares issued by Araucaria Nitrogenados S.A. (“Araucaria Nitrogenados”), located in Araucaria,...
ConocoPhillips to Sell Algerian Unit to Pertamina
ConocoPhillips to Sell Algerian Unit to Pertamina Algeria >> 12/18/2012 - ConocoPhillips announced it has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to co-venturer preemp...

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