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Acquisitions and Divestitures News

CGX Provides Update on Pomeroon & Georgetown Licenses
Guyana >> 3/11/2013 - CGX Energy Inc. announces that the Pomeroon Petroleum Agreement (PA) expired effective November 19, 2012. ...
Introduction of Strategic Partner in Greater Kerendan Area
Indonesia >> 3/11/2013 - Salamander Energy plc announces that it has reached agreement to farm-out a 30% interest in the Bangkanai Production Sharing Contract (PSC), Central Kalimantan, Indonesia to PT. Saka Energi Indonesia ...
Increased Equity Interest in Bangkanai PSC
Indonesia >> 3/11/2013 - Salamander Energy plc announces that it has agreed an asset swap that will see the Group acquire the outstanding 15% interest in the Bangkanai PSC, Central Kalimantan taking its interest in the licenc...
Canadian Overseas Inks Amended PSC for Block LB-13
Liberia >> 3/8/2013 - Canadian Overseas Petroleum Limited (COPL), and its wholly owned subsidiary, Canadian Overseas Petroleum Bermuda Limited (COPL Bermuda), is pleased to announce that a Restated and Amended Production ...
New World Oil and Gas increases 25% WI in Denmark
Denmark >> 3/8/2013 - New World Oil and Gas Plc, an oil and gas exploration and development company focused on Belize and Denmark, is pleased to announce that the Danish Energy Authority, part of the Government of Denmark,...
Abu Dhabi Casts Wider Net for Oil Field Bids
United Arab Emirates >> 3/8/2013 - Abu Dhabi National Oil Co., or Adnoc, has invited several international oil firms, in addition to existing partners, to bid for the renewal of a shared license to operate some of the emirate's largest...
Shell Set to Abandon Saudi Empty Quarter Gas Search
Saudi Arabia >> 3/8/2013 - Royal Dutch Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia’s Empty Quarter for years, due to disagreements with the government over terms, four industry s...
Valiant Petroleum Farms out Isabella Prospect to Maersk
United Kingdom >> 3/8/2013 - Valiant Petroleum plc is pleased to announce its wholly owned subsidiary Valiant Causeway Limited (Valiant) has signed a farm-out agreement with Maersk Oil North Sea UK Limited (Maersk Oil UK) with re...
Eland Oil & Gas Enters into Option Agreement for OPL 452
Nigeria >> 3/8/2013 - Eland Oil & Gas plc, an oil & gas development and exploration company operating in West Africa with a principle focus on Nigeria, is pleased to announce that an option agreement has been entered into ...
Blue Dolphin Announces Disposal of Asset
Indonesia >> 3/7/2013 - Blue Dolphin Energy Company announced that its wholly-owned subsidiary, Blue Dolphin Exploration Company ("BDEX") completed the disposal of its seven percent (7%) undivided working interest in the Nor...
ExxonMobil Sells Interests in 20 GoM Tracts to Neftegaz
United States >> 3/6/2013 - Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an ...
Petrochina Will Develop West Qurna Field with Exxon
Iraq >> 3/5/2013 - PetroChina is willing to jointly develop the West Qurna oilfield in Iraq with Exxon Mobil, the chairman of China's largest oil and gas producer said. ...
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...
PRD Energy Awarded Petroleum Exploration License Onshore Germany
Germany >> 3/5/2013 - PRD Energy Inc. is pleased to announce that it has been awarded the Sudbayern-Nord Exploration License covering approximately 925,000 acres in Germany. The license is located onshore in the state of B...
Anadarko Launches $4.5B Mozambique Gas Sale
Mozambique >> 3/5/2013 - Anadarko Petroleum Corp and an Indian billionaire have launched the auction of a 20 percent stake in a Mozambique gas field that could fetch $4.5 billion, sources familiar with the matter told Reuters...
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...
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...
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...

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