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Acquisitions and Divestitures News

Archer Enters into Agreements with Arrakis Oil Recovery
Canada >> 6/18/2013 - Archer Petroleum Corp (Archer or the Company)is pleased to announce its entry into a purchase and sale agreement (the “Acquisition Agreement”) with Arrakis Oil Recovery, LLC (“Arrakis”) for the acquis...
Total Acquire 33,335% Interest in Bokhtar PSC in Tajikistan
Tajikistan >> 6/18/2013 - Total E&P Tajikistan B.V., a subsidiary of Total announces today the finalization of the acquisition of an interest in the Bokhtar PSC in Tajikistan, from Kulob Petroleum Limited, a subsidiary of Teth...
Lekoil Limited Proposes Acquisition of Interest in OML113
Nigeria >> 6/18/2013 - Panoro Energy ASA is pleased to announce that its wholly owned subsidiary Pan Petroleum Aje Limited, has entered into a Sale and Purchase Agreement (the “SPA”) with the Nigerian company Lekoil 113 Nig...
Vanoil's TEA Expires with Rwandan MNR
Rwanda >> 6/17/2013 - Vanoil Energy Ltd, reports that the current Technical Evaluation Agreement (TEA) with the Rwandan Ministry of Natural Resources has expired effective June 13, 2013. The Company has referred this matte...
MEEA & BHP Billiton Sign Production Sharing Contract
Trinidad and Tobago >> 6/14/2013 - Minister of Energy and BHP Billiton sign production-sharing contracts for four deepwater blocks on June 12, 2013 at the Hilton Trinidad and Conference Centre. ...
Swala Energy in Negotiations for Tanzanian Eyasi Licence
Tanzania >> 6/14/2013 - Swala Energy Limited (Swala), the oil and gas explorer with assets along the East African Rift System, is pleased to announce that it has been invited into exclusive negotiations with the Tanzanian Pe...
RWE Dea Awarded Operatorship in New Norwegian License
Norway >> 6/14/2013 - In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. ...
Norway to Award 24 Production Licenses in the 22nd Licensing Round
Norway >> 6/13/2013 - The Norwegian Government has decided to award 24 production licenses in the 22nd licensing round – 20 in the Barents Sea and four in the Norwegian Sea. Twenty-nine companies will be offered participat...
Lukoil Awarded 2 Licenses in Norway Sector of Barents Sea
Norway >> 6/13/2013 - Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea. ...
Petrotrin wins E&P Contract to Explore Galeota Block
Trinidad and Tobago >> 6/13/2013 - Petrotrin has signed a US$100m exploration and production licence with Bayfield Energy (Galeota) Ltd for exploration of the Galeota block and revitalization of the Trintes oil field. ...
Seychelles Government Approves WHL's Farm out Oil Exploration Well in Colombia
Seychelles >> 6/12/2013 - Australian energy company WHL Energy Limited is pleased to announce that the Government of the Republic of the Seychelles has reached agreement on the terms related to a proposed farmin by a leading ...
RWE Expands Exploration Portfolio with Farm-In in Suriname
Suriname >> 6/12/2013 - RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV, acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South ...
PetroSA & Sasol Sign Agreement over Block 3A/4A
South Africa >> 6/12/2013 - South Africa’s National Oil Company, PetroSA, has signed a Technical Cooperation Permit (TCP) agreement with Sasol to explore a block in the country’s offshore area. ...
Panoro Provides Update on the Divestment of the Aje Field
Nigeria >> 6/12/2013 - Panoro Energy ASA's (the "Company") wholly-owned subsidiary Pan Petroleum Aje Limited has agreed in principle the terms of sale with an undisclosed buyer forits 6.502 % participating interest in the O...
Lundin Awarded One Licence in 22nd Norwegian Licensing Round
Norway >> 6/12/2013 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded one exploration licence in the 22nd licensing round. ...
INPEX Granted Exploration Block WA-494-P
Australia >> 6/11/2013 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX has been granted the Permit WA-494-P (the Block) at the Australian Offshore Petroleum Acreage Release 2012, through its subsidiary INPEX Bro...
Lukoil Joins a New Offshore Block in Cote D'ivoire
Ivory Coast (Cote D'Ivoire) >> 6/11/2013 - LUKOIL has acquired a 65% stake in the exploration, development and production project on block CI-504 offshore the Republic of Cote d'Ivoire in the Gulf of Guinea. ...
Chariot Agreed License Extension for Offshore Morocco
Morocco >> 6/11/2013 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has agreed with th...
Chevron to Sell Two Nigerian Oil Blocks
Nigeria >> 6/11/2013 - Chevron is selling its stake in two Nigerian shallow water oil blocks, the company said, the latest oil major seeking to dispose of assets in Africa's biggest oil producer. ...
Petrobras Signs LOI with GS Energy Corporation
Brazil >> 6/10/2013 - Petrobras announces that it has executed, on May 29, 2013, a Letter of Intent with GS Energy Corporation (GSE), for the development of joint study for the Premium 2 Refinery Project, in the state of C...

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