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Acquisitions and Divestitures News

Anadarko Announces $860 M Agreement for Heidelberg Development
United States >> 3/5/2013 - Anadarko Petroleum Corporation announced it has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko's ownership in the Heidel...
Zhaikmunai Completes Acquisition of Three Fields
Zhaikmunai Completes Acquisition of Three Fields Kazakhstan >> 3/5/2013 - Zhaikmunai LP, the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, confirms that it has acquired legal ownership of the subsoil rights related to three oil a...
INPEX Completes transfer of Ichthys LNG Project 6% Interest to Total
Australia >> 3/1/2013 - INPEX and Total have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest to Total. ...
Gulfsands Wins Exploration Concessions in Colombia
Colombia >> 3/1/2013 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and the U.S.A., is pleased to announce that it has finalised two exp...
Sale’s Completion of Onshore UK Assets to IGas Energy
United Kingdom >> 3/1/2013 - Providence Resources P.l.c., (Providence) the Irish oil and gas exploration and appraisal company, whose shares are listed in London (AIM) and Dublin (IEX), is pleased to announce that it has closed t...
Songa Venus Secures Contract Extension
Vietnam >> 3/1/2013 - Songa has entered into a contract extension and farm out agreement with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and M...
Stetson Extends Option for African Acreage to 1 May 2013
Canada >> 2/28/2013 - 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...
Explora Petroleum Enters into Agreement with E.ON
Norway >> 2/28/2013 - Explora Petroleum AS is pleased to announce that the company has entered into an agreement with E.ON E&P Norge AS to acquire a share of PL 484, offshore Norway. Explora Petroleum will acquire a 20 per...
Tethys Announces Kul-Bas Contract Extension
Tethys Announces Kul-Bas Contract Extension Kazakhstan >> 2/28/2013 - Tethys Petroleum Limited (Tethys or the Company) announced that the Ministry of Oil and Gas of the Republic of Kazakhstan (MOG) has agreed to extend the Exploration Period for the Company's Kul-Bas Ex...
Gazprom Neft Signs Kurdistan Oil Project Deal
Iraq >> 2/26/2013 - Russia's fifth-largest crude producer Gazprom Neft has signed a deal to enter an oil project in Iraq's autonomous region of Kurdistan, a company official said, despite tension between local authoritie...
Beach Energy Farms Out Exploration Acreage to Chevron
Beach Energy Farms Out Exploration Acreage to Chevron Australia >> 2/25/2013 - Beach Energy will transfer up to 60% of its interests in PEL 218 (Beach 100%) and ATP 855 (Beach 60%) to Chevron. It is envisaged that Beach will potentially receive US$349 million over two stages for...
Otto Energy Preferred Bidder for Area 7 in Philippine
Otto Energy Preferred Bidder for Area 7 in Philippine Philippines >> 2/22/2013 - Otto Energy Ltd, has been named as the preferred bidder for Area 7 under the Fourth Philippine Energy Contracting Round. ...
Africa Oil Executes Rift Basin Area PSA
Ethiopia >> 2/21/2013 - Africa Oil Corp.is pleased to announce the formal execution of a new Ethiopian Production Sharing Agreement. The agreement covers the 42,519 square kilometer "Rift Basin Area", previously held by the ...
Harvest Terminate Agreement to Sell Interests in Venezuela
Venezuela >> 2/20/2013 - Harvest Natural Resources, Inc announced that the Share Purchase Agreement (SPA) between PT Pertamina (Persero) and HNR Energia B.V., a wholly-owned subsidiary of Harvest, for the purchase of Harvest'...
Total Sells 10% Stake in Southwest Bird’s to Indika
Indonesia >> 2/20/2013 - Indika Energy has announced that its wholly-owned subsidiary Indika Multi Daya Energi has signed an agreement with Total E&P Indonesia West Papua, a subsidiary of Total, to acquire a 10% participating...
Loyz Awarded Petroleum Service Contract in Philippines
Philippines >> 2/19/2013 - Loyz Energy Limited (Loyz Energy or the Group), the Singapore-based upstream energy group has expanded its concession portfolio with a newly awarded petroleum service contract for Area 14, located off...
Egdon Resources Sells 5% Interest in PEDL201
United Kingdom >> 2/19/2013 - Egdon Resources plc is pleased to announce the farm-out of a further 5% interest in Petroleum Exploration and Development Licence 201 (PEDL201) located in Nottinghamshire and Leicestershire to Union J...
SOCO Provides Update for its Interest in SOCO Cabinda
Angola >> 2/13/2013 - SOCO International plc provides Operational Update for the option to sell majority interest in SOCO Cabinda Limited (SOCO Cabinda) to minority interest holder. ...
ExxonMobil & Petrom Signed Agreement for Romgaz to Participate in Midia Block
Romania >> 2/13/2013 - ExxonMobil Exploration and Production Romania Limited ("EMEPRL"), OMV Petrom S.A. ("OMV Petrom") announce the signing of an agreement with Romgaz S.A. ("Romgaz") to grant Romgaz the option to particip...
Cyprus Confirms Offshore Block Award
Cyprus >> 2/12/2013 - Delek Group is pleased to announce that on February 11, 2013, each of the partnerships subsidiaries, Delek Drilling – L.P. and Avner Oil Exploration – L.P., signed the Production Sharing Contract whic...

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