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Acquisitions and Divestitures News

Interoil Sells 100% of Altair & COR-6 to Trayectoria
Colombia >> 2/6/2013 - Interoil Colombia (IOC) has signed an agreement with the Colombian company, Trayectoria Oil & Gas (Trayectoria) under which IOC will sell 100% of their participating interest in the Altair and COR-6 e...
Solo Enters into HOA to Buy 10% in Licence PEDL137
United Kingdom >> 2/5/2013 - Solo has entered into a Binding Heads of Agreement ("HOA") to buy a 10% interest in Horse Hill Development Ltd ("HHDL"), a special purpose company, which hold the rights to a 65% participating interes...
Kilimanjaro Capital Acquires Oil Rights to Northeast Block
Angola >> 2/5/2013 - Kilimanjaro Capital Ltd., a private Canadian company, focusing on emerging nations in West Africa, has signed an Oil Assignment Agreement with the Republic of Cabinda and the Front for the Liberation ...
Rosneft Acquired 12 Russian Offshore Acreages
Russia >> 2/1/2013 - Russian Prime Minister Dmitry Medvedev has signed an order transferring the rights to develop 12 acreages on the Russian continental shelf to Rosneft. ...
TNK-BP Wins Auction for Yuzhno-Uzunsky Subsoil Block
Russia >> 2/1/2013 - TNK-BP announces that OJSC Nizhnevartovskoe Neftegazodobyvayuschee Predpriyatie (a TNK-BP Group company) has won an auction for development rights to the Yuzhno-Uzunsky subsoil block (estimated C1+C2 ...
Agriterra Completes Sale of South Omo Block Interest
Ethiopia >> 1/31/2013 - Agriterra Ltd, the AIM listed pan African agricultural company, is pleased to announce that it has completed the assignment of its 20% interest in the South Omo Block (the Block) to Marathon Ethiopia ...
San Leon Completes Draa Farm-out to Cairn Energy
Morocco >> 1/31/2013 - Following the Company's announcement of the farm-out agreement with Cairn Energy Plc on 28 August 2012, San Leon is pleased to announce that all parties have now received full Moroccan Authorities app...
Tower Completes Namibia Licence 0010 Farm-in
Namibia >> 1/31/2013 - Tower Resources plc (Tower), the AIM listed oil and gas exploration company, is pleased to announce that, all conditions relating to the farmout agreement between Arcadia Expro Namibia (Pty) Ltd (Arca...
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...
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...
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 ...
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...
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...
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 ...
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 ...
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...
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...
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...

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