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Acquisitions and Divestitures News

Houston Announces Termination of Interest in CPO 4
Colombia >> 3/28/2013 - Houston American Energy Corp announced on December 10, 2012 that it was evaluating its future plans and alternatives regarding the CPO 4 block. The Company announced that it has entered into an Assig...
Liberian Ratifies Amended PSC for LB-13 Block
Liberia >> 3/27/2013 - Canadian Overseas Petroleum Limited, is pleased to announce that the Liberian Legislature, consisting of the Senate and the House of Representatives, has voted in favour of ratifying the Restated and ...
Petrobras to Auction $5 Billion of Nigeria Oil Assets
Nigeria >> 3/27/2013 - Brazilian oil company Petrobras is to auction off its stakes in Nigerian oil fields to raise cash for domestic projects, a deal that may fetch up to $5 billion (£3.3 billion pounds), sources close to ...
FAR Limited Secures Additional Acreage Offshore Kenya
FAR Limited Secures Additional Acreage Offshore Kenya Kenya >> 3/27/2013 - The Kenyan Government has confirmed a 60% expansion of FAR Ltd’s highly prospective L6 exploration permit off the coast of Kenya. This additional area, which had previously been relinquished and has n...
Shell, Repsol, OGX Qualify to Bid for Brazil Blocks
Brazil >> 3/26/2013 - Units of Royal Dutch Shell Plc, Repsol SA and OGX Petroleo e Gas SA were given approval by Brazil to bid in an auction of oil rights in May, the country's first since 2008, Brazil's oil regulator said...
Acquisition of New Exploration Licence in Russia
Acquisition of New Exploration Licence in Russia Russia >> 3/25/2013 - International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that its wholly-owned subsidiary company, Yuzhno-Sardako...
Perupetro Announces Bidding Round for 9 Offshore Blocks
Peru >> 3/25/2013 - Perupetro S.A. announced the International Public Bidding for the hydrocarbon exploration and exploitation of nine offshore blocks, located in Salaverry, Trujillo Lima, Pisco and Mollendo Basins, whic...
WHL Executes LOI for Seychelles Acreage
Seychelles >> 3/25/2013 - WHL Energy Limited is pleased to announce it has executed a non-binding Letter of Intent (LOI) with a potential farminee which is a top 100 Global Fortune 500 Company with substantial production and t...
Sinopec in JV to Buy $3 Billion of Assets from Parent
China >> 3/24/2013 - China Petroleum and Chemical Corp (Sinopec Corp) has agreed to set up a joint venture with its parent company to buy $3 billion worth of oil and gas assets held by the latter in a bid to improve its p...
Iran Replaces Indian Company with IOOC in Farsi Block
Iran >> 3/23/2013 - Iran has awarded the development of an offshore hydrocarbon block in the Persian Gulf to a domestic company after an Indian state-run consortium dragged its feet on operating the project. ...
Eni Awarded Five Offshore Blocks in Gulf of Mexico
Eni Awarded Five Offshore Blocks in Gulf of Mexico United States >> 3/22/2013 - Eni was the highest bidder in five offshore exploration blocks within the Central Gulf of Mexico Lease Sale 227 that took place in New Orleans. ...
INPEX Awarded West Sebuku Block, Offshore Indonesia
Indonesia >> 3/21/2013 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX was successful in the 2012 Petroleum Licensing Round in Indonesia and awarded the West Sebuku Block (the Block) jointly with Mubadala Petrol...
Aminex Provides Ruvuma Farm-out Update
Tanzania >> 3/21/2013 - Aminex PLC, (Aminex), a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, provides an update on its proposed farm-out of an interest...
Cooper Awarded Merangin III PSC Onshore Indonesia
Indonesia >> 3/21/2013 - Cooper Energy Limited is pleased to report that it has been awarded the Merangin III Production Sharing Contract (“PSC”) onshore Indonesia, on a 100% basis. The new PSC is located within the central p...
Mubadala Awarded West Sebuku PSC in Indonesia
Indonesia >> 3/21/2013 - Mubadala Petroleum announces that, in partnership with INPEX CORPORATION (INPEX), it has been awarded the Production Sharing Contract (PSC) for the West Sebuku block by the Director General of Oil & G...
Indonesia Awards 14 Oil & Gas Exploration Blocks
Indonesia Awards 14 Oil & Gas Exploration Blocks Indonesia >> 3/21/2013 - Indonesia awarded exploration rights to 14 oil and gas blocks in a tender outcome the government hailed as showcasing the sector's attractiveness to investors. ...
Jacka Resources Awarded Ruhuhu Licence in Tanzania
Tanzania >> 3/20/2013 - Australian listed African explorer Jacka Resources Limited (Jacka) is pleased to announce that a Production Sharing Agreement (PSA) for the Ruhuhu Block was signed at a ceremony in Dar es Salaam on 19...
Statoil Awarded 15 Leases in US Gulf of Mexico
United States >> 3/20/2013 - Statoil was the highest bidder on 15 leases in the central region U.S. Gulf of Mexico lease sale. With the addition, Statoil will control more than 340 leases in the Gulf of Mexico, further securing i...
UAE Set to Award Bab Gas Project to Shell
United Arab Emirates >> 3/20/2013 - Abu Dhabi National Oil Co. (ADNOC) has recommended that Shell win the multi-billion dollar project to develop its Bab gas field, but the UAE's higher authorities have yet to rule on it, industry sourc...
Gazprom Eyes Eni's Mozambique Gas Assets
Mozambique >> 3/19/2013 - Russia's state gas monopoly Gazprom is interested in acquiring gas assets of Italy's Eni in Mozambique, Gazprom's spokesman Sergei Kupriyanov told Reuters. ...

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