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Acquisitions and Divestitures News

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. ...
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 ...
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...
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. ...
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...
Acquisition Grows Dron & Dickson’s Presence in ME
United Arab Emirates >> 1/15/2013 - Dron & Dickson, a specialist in the design, supply and maintenance of hazardous area electrical equipment, has announced the acquisition of Abu Dhabi based Totus Energy as part of its ambitious intern...
Pura Vida Wins Nkembe Block Offshore Gabon
Gabon >> 1/15/2013 - Pura Vida Energy NL is pleased to announce that it has been awarded an 80% interest in a Production Sharing Contract for the Nkembe block, offshore Gabon (“Nkembe PSC”). Pura Vida will be Operator und...
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...
Global Petroleum Opens Data Room for Namibia Farmout
Namibia >> 1/14/2013 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that a data room has been opened for selected prospective partners. Global previo...
Iraq Approves Oil Exploration Deal with Kuwait Energy
Iraq Approves Oil Exploration Deal with Kuwait Energy Iraq >> 1/13/2013 - The Iraqi ministry of oil declared for the date to sign the final form of the contract to rehabilitate the 9th exploratory area, and the date will be in the 27th of January 2013, and it is worthy to m...
TAQA Expands in India with Hydroelectric Project
TAQA Expands in India with Hydroelectric Project India >> 1/13/2013 - Abu Dhabi National Energy Company PJSC (TAQA) has acquired an interest in Himachal Sorang Power Limited (HSPL), the developer of a 100 megawatt (MW) hydroelectric plant in the northern Indian state of...
Alberta Oilsands Completes Transaction in DRC
Congo, Democratic Republic (Zaire) >> 1/11/2013 - Alberta Oilsands Inc is pleased to announce that further to the press release of November 19, 2012, it has completed its transaction with a subsidiary of Pan African Oil Ltd. (“PAO”) to jointly pursue...
Solo Oil Reports Progress with Ruvuma PSA Farmout
Tanzania >> 1/9/2013 - Solo announces that interest in the farmout of its Ruvuma PSA in Tanzania has been significant and a call for bids is still expected to be made in February. The farmout is being managed on Solo's beha...
Stetson Extends Option for Offshore African Acreage
Canada >> 1/8/2013 - 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...
Bridge Farms Out Aragon Prospect to Agora and Nippon
United Kingdom >> 1/4/2013 - Bridge, the Oslo Bors and AIM listed oil and gas exploration and production company has through its wholly owned subsidiary, Bridge Energy (CNS) Limited, completed the agreement (Transaction) with Ago...
ADX Signs Farmin Agreement for Chorbane Permit
Tunisia >> 1/3/2013 - ADX Energy Ltd is pleased to announce that its wholly-owned subsidiary, Alpine Oil & Gas Pty Ltd. (“Alpine”), has entered into a definitive farmin agreement (the “Farmin Agreement”) with Rift Basin In...
Explora Petroleum to Farm Into Three Norwegian Licenses
Norway >> 1/3/2013 - Explora Petroleum AS (Explora Petroleum) is pleased to announce that the company has entered into an agreement with Wintershall Norge AS for licences PL375, 375B and 375C containing the 34/4-11 (Beta)...
Enegi Oil Plc Gains Further North Sea Blocks
United Kingdom >> 1/2/2013 - Enegi, the independent Oil and Gas Company, is pleased to announce that, further to its press release on 26 October 2012, the Department of Energy and Climate Change (DECC) has confirmed the award of ...

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