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Acquisitions and Divestitures News

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...
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...
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 ...
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...
Elenilto Wins a PSC for the Offshore Sud Shallow Oil Block
Senegal >> 12/31/2012 - After two years of operations in Senegal and negotiations with the Government of the Republic of Senegal, ELENILTO, one of the leading African oil and minerals developers, has been awarded the decree ...
Vermilion Closes Acquisition of Zaza Energy France
Vermilion Closes Acquisition of Zaza Energy France France >> 12/27/2012 - Vermilion Energy Inc. (Vermilion or the Company) is pleased to announce that it has completed its previously announced transaction with ZaZa Energy Corporation ("ZaZa") whereby Vermilion, through its ...
Statoil Acquires 25% Interest from Vale in BM-ES-22A
Brazil >> 12/27/2012 - Statoil is expanding its exploration portfolio through the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil. ...
BPZ Energy Closes Block Z-1 Transaction
Peru >> 12/27/2012 - BPZ Energy, an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest ("cl...
Sonde Farms out 66% of Joint Oil Block Interest
Tunisia >> 12/27/2012 - Sonde Resources Corp announces that it has farmed out 66.67% of its interest in the Joint Oil Block to Viking Energy North Africa Limited (“Viking”), a private company. ...
TNK-BP Acquires New Fields in the Orenburg Region
TNK-BP Acquires New Fields in the Orenburg Region Russia >> 12/26/2012 - TNK-BP informs about the acquisition of 100% stake in Yupiter-A LLC, which owns licenses for Tverdilovskiy and Pogromnenskiy areas in the Orenburg region with total reserves (C1+C2) of 8.1 mln tons. ...
Lukoil Wins the Bidding for Federal Subsoil Use
Lukoil Wins the Bidding for Federal Subsoil Use Russia >> 12/25/2012 - OOO LUKOIL-West Siberia (a wholly-owned OAO LUKOIL subsidiary) has won the bidding for the use of a subsoil site of federal importance, including the Imilorskoye+West Imilorskoye and Istochnoye fields...
LUKOIL Says "No" to Iraqi West Qurna-1 Project
LUKOIL Says Iraq >> 12/24/2012 - Russia's second-largest crude producer LUKOIL said it decided against entering project to develop Iraqi huge West Qurna-1 oilfield, citing high risks. ...
MEO Australia Farms in Bonaparte Basin Permit NT/P79
Australia >> 12/21/2012 - MEO Australia Limited advises that it has executed binding agreements subject only to normal regulatory approvals, with Finder Exploration Pty Ltd (Finder) to farmin to the NT/P79 exploration permit i...
Total and CNODC Farm-in to Tethys' Tajikistan Assets
Tajikistan >> 12/21/2012 - Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia, announced that its subsidiary, Kulob Petroleum Limited, has signed a farm-out agreement ("FOA") fo...
Tower Receives Namibia Licence 10 Farmout Approvals
Namibia >> 12/21/2012 - Tower Resources plc, the AIM listed oil and gas exploration company, is pleased to announce that approval has been granted by the Namibian Competition Commission and the Ministry of Mines and Energy f...
Azeri Gas Group in Talks to Buy Nabucco Pipeline Stake
Turkey >> 12/20/2012 - Azerbaijan's Shah Deniz II gas group could agree to take over a 50 percent stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim ...
Andes Wins One Further Block in the Colombia Round 2012
Colombia >> 12/20/2012 - Following our announcement on 26 November 2012, the Board of Andes, the Latin American E&P group, is pleased to announce that the Company, through its subsidiary Andes Energia Argentina S.A., in a con...
RWE Dea Egypt Finalised A Set of Portfolio Measures
Egypt >> 12/20/2012 - RWE Dea AG reached an agreement with INA-INDUSTRIJA NAFTE d.d. on the sale of its 50% interest of the East Yidma Concession and with Apache Mediterranean Corporation of its 35% interest in the West Me...

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