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Acquisitions and Divestitures News

Total Farms into the Rovuma Basin
Mozambique >> 9/24/2012 - Total announces the signature of a farm-in agreement with the Malaysian state-owned company, Petronas, for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore bl...
Emperor Oil Signs MOU with State Petroleum for Block 7
Sudan >> 9/23/2012 - Emperor Oil Ltd. (Emperor) announces that it has entered into a Memorandum of Understanding (MOU) with State Petroleum Overseas Inc., (State) to acquire 85% of their 50 % working interest in a late st...
Faroe Petroleum Acquires Interest in East Foinaven Field
Scotland >> 9/21/2012 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announc...
APCL Wins 100% of Block SL-4A-10 in Sierra Leone
Sierra Leone >> 9/21/2012 -  Award of Block SL-4A-10 Offshore Sierra Leone ...
Sprint Signs HOA with Burtasi to Acquire Russian Assets
Russia >> 9/20/2012 - Australian based resource company Sprint Energy Limited is pleased to announce it has signed a Heads of Agreement (HOA) with Burtasi Oil through its Australian agents, Petroscope Pty Ltd, herein after...
Pacific Acquires 35% in the Karoon Blocks
Brazil >> 9/18/2012 - Pacific Rubiales Energy Corp announced that it has reached an agreement with Karoon Gas Australia Ltd to acquire a 35% net working interest in the following exploration blocks: S-M-1101, S-M-1102, S-M...
Griffiths Signs an Agreement for Mangara & Badila Fields
Chad >> 9/18/2012 - Griffiths Energy International Inc is pleased to announce it has signed a Heads of Terms Agreement with Glencore International plc for the development of the Mangara and Badila oil fields. ...
JX Nippon to Farm-in to Serica’s Block 22/19c
United Kingdom >> 9/18/2012 - Serica Energy plc announces that it has reached agreement with JX Nippon Exploration and Production (U.K.) Limited (JX Nippon) for the farm-out of UK Central North Sea Block 22/19c (Licence P.1620), i...
Bowleven Acquires 50% Stake in Block 11B from Adamantine
Bowleven Acquires 50% Stake in Block 11B from Adamantine Kenya >> 9/17/2012 - UK junior BowLeven has added a new region to its African portfolio as it snapped up a large slice in an onshore Kenyan play. The Aberdeen-based company has farmed into Block 11B by taking 50% from loc...
OER Signs HOA to Acquire 40% in Qua Ibo Field within OML 13
Nigeria >> 9/17/2012 - Oando Energy Resources Inc. ("OER" ) and Oando Plc ("Oando") are pleased to announce they have entered into non-binding Heads of Agreement , providing for the acquisition by OER of Oando's 40% partici...
BP Sales it's Interest in Draugen Field to Shell
BP Sales it's Interest in Draugen Field to Shell Norway >> 9/13/2012 - BP announced that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The agreement is a further examp...
South Sudan to Split Total Oil Block
Sudan >> 9/13/2012 - Newly independent South Sudan has decided to break up a massive oil concession largely held by Total into three blocks, granting one to the French energy company and the others to two foreign firms, g...
Rocksource Farms In to License in Norwegian Sea
Norway >> 9/12/2012 - Rocksource ASA announces that the Company has entered into a farm-in agreement for a 15 per cent stake in a Production License in the Norwegian Sea. The license partnership is expected to take a drill...
Taipan Resources Releases Block 2B Farmout Discussions
Kenya >> 9/11/2012 - Taipan Resources Inc. Announces Block 2B Onshore Kenya Farmout Discussions and Block 1 and Block 2B Onshore Kenya Update. ...
Shell Accepts Offer For WI in Holstein Asset
Mexico >> 9/10/2012 - Royal Dutch Shell plc announced it has agreed to sell its 50% working interest in the Holstein Field, comprised of Green Canyon Blocks 644, 645 and 688 in the Gulf of Mexico, to Plains Exploration & P...
Qatar to Rise its Stake in Shell
Qatar to Rise its Stake in Shell Qatar >> 9/9/2012 - Qatar wants to become the biggest shareholder in Royal Dutch Shell by raising its stake to 7 per cent to strengthen its ties with the oil company and further invest its wealth in western assets, a rep...
Israeli Gas Group Looks to Sell Part of Leviathan Field
Israel >> 9/9/2012 - The U.S.-Israeli exploration group developing the Leviathan natural gas field off Israel's shore said it is considering offers to sell up to 30 percent of the rights to the field. ...
Hess to Sell Interest in ACG Fields to ONGC Videsh
Azerbaijan >> 9/7/2012 - Hess Corporation announced it has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ...
Duma Receives Approval from Namibian Government
Namibia >> 9/6/2012 - Duma Energy Corp is pleased to announce that it has completed the share exchange agreement, dated August 7, 2012 (the “Agreement”) with Namibia Exploration, Inc. (“NEI”); the “Acquisition”. As a resul...
Impact Wins a Further TCP by the PASA
South Africa >> 9/6/2012 - Impact Oil and Gas, the oil and gas exploration company focused on emerging hydrocarbon plays around the African continent, announces the award of a further Technical Cooperation Permit (“TCP”) by the...

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