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Acquisitions and Divestitures News

Acquisition of Nitrogenated Fertilizers Plant in Parana
Brazil >> 12/18/2012 - Petrobras announces that it has entered into an agreement with Vale S.A. (“Vale”) to purchase 100% of the shares issued by Araucaria Nitrogenados S.A. (“Araucaria Nitrogenados”), located in Araucaria,...
ConocoPhillips to Sell Algerian Unit to Pertamina
ConocoPhillips to Sell Algerian Unit to Pertamina Algeria >> 12/18/2012 - ConocoPhillips announced it has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to co-venturer preemp...
Alberta Oilsands Acquires an Interest in Blocks 2712A & 2812A
Namibia >> 12/18/2012 - Alberta Oilsands Inc is pleased to announce that in keeping with its international strategy, the Company has agreed to acquire an interest in blocks 2712A and 2812A ("Licenses"), located in the Orange...
BP to Sell its Interest in Sean to SSE PLC
BP to Sell its Interest in Sean to SSE PLC United Arab Emirates >> 12/17/2012 - BP announced that, as part of its decision to market its stakes in non-operated North Sea assets, it has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE plc for $288 milli...
Impact & ExxonMobil Jointly to Explore Offshore SA
South Africa >> 12/17/2012 - Impact Africa Limited (“Impact”), a wholly-owned subsidiary of Impact Oil & Gas Limited, entered into an agreement with ExxonMobil Exploration and Production South Africa Limited (“EMEPSAL”) whereby E...
Eni Signs Agreement for New Offshore Exploration Block in Pakistan
Eni Signs Agreement for New Offshore Exploration Block in Pakistan Pakistan >> 12/13/2012 - Eni has signed an agreement with the Pakistani Authorities and the state oil and gas company OGDCL for the acquisition of 25% and the operatorship of exploration license Offshore Indus Block G, locate...
New Guinea Energy Completed the Sale of PPL 277
Papua-New Guinea >> 12/13/2012 - New Guinea Energy Limited (NGE) is pleased to announce that it has completed the sale of Petroleum Prospecting Licence (PPL) 277 to Esso PNG Exploration Ltd (Esso) and Oil Search (PNG) Limited (OSH). ...
Tap Oil Farms Out Accra Contract Area to Ophir Energy
Tap Oil Farms Out Accra Contract Area to Ophir Energy Ghana >> 12/13/2012 - Tap Oil Limited is pleased to announce that the Contractor Group has executed a farmout of a portion of their interests in the Offshore Accra Contract Area, Ghana. Under the terms of the Farmout Agree...
SacOil Wins Petroleum Prospecting Licence in Malawi
Malawi >> 12/13/2012 - SacOil, the African independent upstream oil & gas company, is pleased to announce the award of 100% equity interest and operator status in Block 1, an onshore petroleum prospecting license in Malawi....
Ecopetrol to Partner with Anadarko in Caribbean Block
Colombia >> 12/13/2012 - Colombia’s Ecopetrol SA (ECOPETL) will team with Anadarko Petroleum Corp. (APC), the second-largest U.S. independent oil and natural-gas producer by market value, to search for oil deposits in the Car...
Conocophillips, Shell and Carigali Win Block Sb311
Malaysia >> 12/13/2012 - PETRONAS has awarded a Production Sharing Contract (PSC) for Block SB311 offshore Sabah to a partnership of ConocoPhillips Sabah Gas Ltd., Shell Energy Asia Limited and PETRONAS Carigali Sdn Bhd. ...
Enegi Enters into Dead Sea / WadiAraba Block, Jordan
Jordan >> 12/13/2012 - Enegi is delighted to announce that it has entered into an agreement with Korea Global Energy Corporation (KGEC) in relation to a highly prospective project in the Hashemite Kingdom of Jordan. ...
Lukoil Overseas Completes Sale of Colombian Asset
Colombia >> 12/12/2012 - LUKOIL Overseas, an OAO LUKOIL subsidiary, has made a deal to sell its interest in the Condor exploration and development project in Colombia. ...
Triangle Energy Signs LOI with ONHYM in Morocco
Morocco >> 12/12/2012 - Triangle Energy has signed a letter of intent (LOI) with Office National des Hydrocarbures et des Mines (ONHYM) that retains for Triangle Energy both onshore and offshore acreage for the purpose of ex...
Sea Dragon Acquires Producing Oil Assets in Egypt
Egypt >> 12/7/2012 - Sea Dragon Energy Inc. is pleased to announce that its wholly owned subsidiary Sea Dragon Energy Holding Ltd. (“Sea Dragon Holding”) has completed the acquisition (the “Acquisition”) of all of the iss...
Reliance Divests Yemen Block-9 to Medco
Yemen >> 12/5/2012 - Reliance Exploration and Production DMCC, a wholly owned subsidiary of Reliance Industries Ltd. (RIL), has signed the completion documents for divestment of its 25 percent Working Interest in the Prod...
INA d.d. to Expand Activities in Egypt
Egypt >> 12/5/2012 - At the East Yidma Concession INA exercised its pre-emption right to acquire RWE Dea AG’s 50% participating interest (with which INA will have 100% stake). With closing of this transaction Egyptian res...
Agreement Completed Between Medcoenergi & Puma Energy
Indonesia >> 12/4/2012 - Puma Energy LLC (Puma Energy), the global midstream and downstream energy company, completed the purchase of 63.88% of PT Medco Sarana Kalibaru (“MSK”), the fuel storage and distribution subsidiary of...
Stetson Extends Option for West Africa Assets
Canada >> 12/4/2012 - 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 Octob...
Clontarf Provides Updates on Peruvian Discussions
Peru >> 12/4/2012 - Clontarf Energy plc reports progress on its partnership discussions with several interested parties on its 100 per cent owned Blocks 183 and 188 in Peru. Block 183 in central Peru covers 396,826 hecta...

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