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Acquisitions and Divestitures News

RWE About to Quit Nabucco, Could Sell Stake to OMV
Turkey >> 12/2/2012 - German utility RWE is about to quit the Nabucco gas pipeline project and could sell its 16.1 percent stake in the scheme to fellow shareholder OMV, Focus reported, citing industry sources. ...
Galp Enters Into Farmin Agreement for Offshore Morocco
Morocco >> 12/2/2012 - Galp Energia announces its has entered into a farm-in agreement with the Australian company, Tangiers Petroleum Limited (Tangiers), for the acquisition of a 50% stake in the Tarfaya Offshore area, com...
TAQA Acquires Operating Interest in Kurdistan Block
TAQA Acquires Operating Interest in Kurdistan Block Iraq >> 11/30/2012 - Abu Dhabi National Energy Company PJSC (TAQA) has signed an agreement to acquire a 53.2% interest in the Atrush block in the Kurdistan region of Iraq from General Exploration Partners, Inc., an affili...
TAQA Disposes of Stake in WesternZagros
United Arab Emirates >> 11/30/2012 - Abu Dhabi National Energy Company PJSC (TAQA) disposed of its entire holding in WesternZagros Resources Ltd. (WesternZagros) which holds two oil and gas production sharing contracts in the Kurdistan R...
CGX Announces New Corentyne License
Guyana >> 11/29/2012 - CGX Energy Inc is pleased to announce that the Company has transitioned to a new Corentyne petroleum agreement ("Corentyne PA") and petroleum prospecting license ("Corentyne PPL") offshore Guyana effe...
BP to Sell its North Sea Assets to Taqa for $1.1 Billion
BP to Sell its North Sea Assets to Taqa for $1.1 Billion United Arab Emirates >> 11/28/2012 - BP announced that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, ...
LUKOIL to Decide on Iraq's W.Qurna-1 Oilfield
LUKOIL to Decide on Iraq's W.Qurna-1 Oilfield Iraq >> 11/28/2012 - Russia's No.2 crude producer LUKOIL will take a decision by year-end on whether to replace ExxonMobil in the supergiant West Qurna-1 oilfield in Iraq, the head of LUKOIL said. ...
ADX Signs LOI for Farmout of Chorbane Permit
Tunisia >> 11/27/2012 - ADX Energy Limited announces that its wholly-owned subsidiary Alpine Oil & Gas Pty Ltd. (Alpine) has entered into a letter of intent (LOI) with Rift Basin International Corp. (Rift). Under the terms o...
ADX Farms Out a 10% in Chorbane Permit to Gulfsands
Tunisia >> 11/26/2012 - ADX Energy Limited is pleased to announce that the Company has reached an agreement to farm out a 10% participating interest in its Chorbane exploration permit onshore Tunisia (“Chorbane”) to Gulfsand...
Andes Wins 7 Blocks in Colombia´s 2012 Bidding Process
Colombia >> 11/26/2012 - The Board of Andes, the Latin American E&P group, following our announcement on 2 October 2012, is pleased to announce that Andes, through its subsidiary Andes Energia Argentina S.A., in a consortium ...
PA Resources Announces German Licence Farmout
Germany >> 11/26/2012 - PA Resources has farmed out a 10% interest in German licence B20008/73 adjacent to the PA Resources operated Danish licence 12/06 in which the Broder Tuck and Lille John discoveries were made in 2011....
OGX Acquires Petrobras Stake in Block BS-4
Brazil >> 11/26/2012 - OGX has entered into an agreement with Petrobras to acquire a 40% participating interest in Block BS-4, located in the Santos Basin. The purchase and sale is subject to National Petroleum, Natural Gas...
HRT Signs Farm Out with Galp Energia for Namibian Blocks
Namibia >> 11/26/2012 - HRT Participaçoes em Petroleo S.A announces the signature of a Farm-Out Agreement with the company Galp Energia in regard to the assignment of a 14% participating interest in exploratory rights over t...
ConocoPhillips to Sell Interest in Kashagan PSA
ConocoPhillips to Sell Interest in Kashagan PSA Kazakhstan >> 11/26/2012 - ConocoPhillips announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sha...
BreitBurn Energy to Acquire Oil Properties in Kern County
United States >> 11/23/2012 - BreitBurn Energy Partners L.P. (the Partnership) announced it has signed a definitive agreement to acquire principally oil properties located in the Belridge Field in Kern County, California for appr...
Gulfsands Acquires Additional Interest in Tunisia
Tunisia >> 11/23/2012 - 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...
Solo Oil Provides Farm-Out Update on Ruvuma Basin
Tanzania >> 11/22/2012 - Solo Oil announces that First Energy Capital LLP (First Energy) have commenced marketing the farm-out of the Company's oil and gas assets in the Ruvuma Basin in Tanzania in collaboration with Aminex p...
Aker Solutions Acquires Thrum Energy
Canada >> 11/22/2012 - Aker Solutions, the international oil services provider, is buying Canadian asset integrity management (AIM) company Thrum Energy Inc. The acquisition will grow Aker Solutions' AIM portfolio and incre...
Darkhovain Phase 3 Contract Finalized
Iran >> 11/21/2012 - According to Petroleum Engineering and Development Company’s (PEDEC) Public Relations, “The contract of Darquain Phase 3, located in the west of Karoon, was finalized with a consortium of Iranian bank...
KNOC Not to Complete The Farm-in to BNG
Kazakhstan >> 11/21/2012 - Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces that it has been informed by KNOC that KNOC has decided not to complete the previously announced farm-in...

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