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Acquisitions and Divestitures News

Emperor Oil Extends MOU with State Petroleum
Sudan >> 10/11/2012 - Emperor Oil Ltd. announces that it has agreed with State Petroleum Overseas Inc. (State) to amend a Memorandum of Understanding (MOU) signed on September 23, 2012 between Emperor and State. ...
Update on Strategic Review for Panoro's West Africa Portfolio
Gabon >> 10/11/2012 - Panoro Energy ASA, the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that it has received contingent offers for parts of its West African portfolio. The...
Acquisition Further Grows Dron & Dickson’s Middle East Presence
United Arab Emirates >> 10/10/2012 - 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...
Total Signs 2 PSC for Exploration Blocks in Indonesia
Total Signs 2 PSC for Exploration Blocks in Indonesia Indonesia >> 10/9/2012 - Total announces that it has signed two Production Sharing Contracts (PSCs) with the Government of Indonesia represented by BPMIGAS, for the Telen and the Bengkulu I - Mentawai exploration blocks. The ...
Parliament of Sierra Leone Ratifies the Award of Exploration Blocks
Sierra Leone >> 10/8/2012 - ODYE Limited is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 a...
BP Agrees to Sell Texas Refinery to Marathon Petroleum
BP Agrees to Sell Texas Refinery to Marathon Petroleum United States >> 10/8/2012 - BP announced it has reached an agreement to sell its Texas City, Texas refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corporation for $2.5 billi...
Aminex and Solo Oil Seeking Partner for Ruvuma PSA
Tanzania >> 10/8/2012 - Aminex PLC, an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, an...
Pan Pacific Petroleum to Sell Carnarvon Basin Assets
Australia >> 10/5/2012 - Pan Pacific Petroleum NL (PPP) has agreed to sell its Carnarvon Basin interests to Hydra Energy (WA) Pty Ltd, a company established and controlled by Hydra Energy Holdings Pty Ltd (Hydra). The PPP Car...
Bridge Energy Completes the Acquisition of Boa Field
Norway >> 10/5/2012 - Bridge, the AIM and Oslo Axess listed oil and gas exploration and production company, is pleased to announce that it has completed the acquisition of a 1.55% working interest in the producing Boa fiel...
Agriterra Sales Its 20% Interest in South Omo Block
Ethiopia >> 10/3/2012 - Agriterra Ltd, the AIM listed pan African agricultural company, is pleased to announce that it has entered into an agreement with Marathon Ethiopia Limited BV, a subsidiary of Marathon Oil Corp ('Mara...
Lukoil Overseas Signs PSA on Offshore Block CI-524
Ivory Coast (Cote D'Ivoire) >> 10/2/2012 - Today, in Abidjan (Republic of Cote-d'Ivoire) LUKOIL Overseas, subsidiary of LUKOIL, has signed with the government of the country a production sharing agreement on offshore block CI-524 in the Gulf o...
Honeywell to Acquire Majority Stake in Thomas Russell Co.
Honeywell to Acquire Majority Stake in Thomas Russell Co. United States >> 10/1/2012 - Honeywell announced its UOP business has signed a definitive agreement to purchase a 70 percent stake in Thomas Russell Co., a privately held, leading provider of technology and equipment for natural ...
Hansa Awarded Stakes in G18, H16, M3 and N1 Blocks
Netherlands/Holland >> 10/1/2012 - Hansa Hydrocarbons Limited (Hansa) has been awarded a 100% interest in the G18, H16, M3 and N1 Blocks (4Quads) offshore Netherlands with effect from 18th September for a term of 6 years. It is anticip...
Energy ASA Completes Farm-Down on PL497/PL497B
Norway >> 9/28/2012 - Bridge Energy ASA has through its wholly owned subsidiary Bridge Energy Norge AS (Bridge) completed the agreement with Agora Oil & Gas AS (Agora) which is 100% owned by Cairn Energy PLC (Cairn), for t...
Petrobras Gets Approval to Acquire Anadarko Stake in Brazil
Brazil >> 9/27/2012 - Petroleo Brasileiro SA (PETR4), the world’s biggest oil producer in deep water, received approval to acquire Anadarko Petroleum Corp. (APC)’s 30 percent stake in an offshore block, the country’s oil r...
Noble Energy Completes the Sale of Kansas Properties
United States >> 9/26/2012 - Noble Energy, Inc. announced that it has closed the previously announced sale of certain oil and natural gas properties in central Kansas to an affiliate of Citation Oil & Gas Corp., a privately held ...
Chevron Awarded Deepwater Interest Offshore Sierra Leone
Sierra Leone >> 9/26/2012 - Chevron Corporation announced its subsidiary Chevron (SL) Ltd. has been awarded participation in two deepwater blocks located offshore Sierra Leone. ...
Sprint Acquires Block 95-3 in West Siberia
Russia >> 9/25/2012 - Australian based resource company Sprint Energy Limited is pleased to announce it has have entered into an option agreement (“Option”) with Terra Ltd (“Terra”) to acquire up to 75% equity interest in ...
Atlantic Petroleum to Acquire Equity in UK Licenses
United Kingdom >> 9/25/2012 - Atlantic Petroleum announces that the Group has reached agreements to acquire equity in two separate licences subject to regulatory consent, both of which have wells proposed to spud within the next s...
Simba Wins a Three Oil Blocks in Chad
Chad >> 9/24/2012 - Simba Energy Inc, the onshore Pan-African oil & gas explorer, is pleased to announce that a Protocole d’Accord has been signed between Simba Energy Inc. and the Republic of Chad granting the Company 1...

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