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Acquisitions and Divestitures News

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...
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...
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...
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)...
Taqa Completes Purchase of Stake in Atrush Oil Block
Taqa Completes Purchase of Stake in Atrush Oil Block Iraq >> 1/2/2013 - Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in Iraqi Kurdistan's Atrush oil block for $600 million from General Exploration Partners (GEP) Inc. ...
PXP Signs Agreement to Participate in Mazagan Permit
Morocco >> 1/2/2013 - Plains Exploration & Production Company (PXP) announces it has entered into a definitive agreement to participate in the significant and highly prospective exploration play offshore Morocco. Subject t...
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 ...
Hyperdynamics Completes Sale of 40% Interest to Tullow
Guinea >> 12/31/2012 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd, has completed the previously announced sale of a 40% gross interest in the Company's oil and gas exploration ...
Completion of Sale of Interest in Yemen's Block 3
Yemen >> 12/31/2012 - Oil Search is pleased to report that it has completed the sale of its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France, for a consideration of US$44 million. As a part of this transac...
BPZ Receives Supreme Decree to Amend Block Z-1 License Agreement
Peru >> 12/31/2012 - BPZ Energy, an independent oil and gas exploration and production company, announced that the Peruvian Government has signed the Supreme Decree authorizing Perupetro to execute the amendment to the Bl...
Callon Completes Sale of GoM Interest to Shell
United States >> 12/31/2012 - Callon Petroleum Company announced its subsidiary, Callon Petroleum Operating Company, closed on the sale of its 11.25% working interest in the Habanero field (Garden Banks Block 341). The Company sol...

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