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Acquisitions and Divestitures News

Marathon Oil & Total Agree to Explore 2 Blocks in Iraq
Marathon Oil & Total Agree to Explore 2 Blocks in Iraq Iraq >> 7/31/2012 - Marathon Oil Corporation announced that its subsidiary Marathon Oil KDV B.V. has closed Farmout agreements with subsidiaries of Total S.A. under which Total has acquired 35 percent working (43.75 perc...
TransGlobe Closes Cepsa Egypt Deal
Egypt >> 7/30/2012 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces the closing of the Share Purchase Agreement (SPA) to acquire the shares of Cepsa Egypt SA B.V. ("Cepsa Egypt"), which occurred o...
Doubling of Tower's Interest in Licence 10
Namibia >> 7/30/2012 - Tower Resources plc, the AIM listed oil and gas exploration company, announces that Repsol SA ("Repsol") has agreed, subject to the requisite regulatory approvals, to take a 44% working interest in th...
China Pulls Out of South Pars Phase 11
Iran >> 7/30/2012 - China's national petroleum company has pulled out of developing Phase 11 of Iran's offshore South Pars gas field, Iranian media reported on Sunday, blaming the firm for constant and "unprecedented" de...
Identifying a Potential Partner for 40% in Block 5
Angola >> 7/30/2012 - VAALCO Energy, Inc. announced that it recently signed a definitive agreement for the purchase of a working interest in a concession for $10.0 million in a West African country new to the Company. The...
Cove Completes Divestment of Mnazi Bay to Wentworth
Cove Completes Divestment of Mnazi Bay to Wentworth Tanzania >> 7/27/2012 - Cove Energy plc, the AIM quoted upstream oil and gas company is pleased to announce the completion of the divestment of its 16.38% participation interest in the production operations (20.475% particip...
No Talks for IPIC to Boost OMV Stake
United Arab Emirates >> 7/26/2012 - There are no plans at this stage for Abu Dhabi's state-owned fund International Petroleum Investment Co to raise its 24.9 percent stake in Austrian energy group OMV, OMV's chief executive told a newsp...
Shell Signs New Upstream Deals with CNOOC and CNPC
Shell Signs New Upstream Deals with CNOOC and CNPC China >> 7/25/2012 - Shell announces that it has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field in Chin...
QP, GDF SUEZ & PetroChina Sign an Agreement for Block 4
QP, GDF SUEZ & PetroChina Sign an Agreement for Block 4 Qatar >> 7/25/2012 - Qatar Petroleum (QP), representing the Government of the State of Qatar, signed an agreement authorizing PetroChina Investment to acquire from GDF SUEZ Exploration Qatar B.V. 40% of the exploration an...
Chesapeake Midstream Name Change to Access Midstream
United States >> 7/24/2012 - Chesapeake Midstream Partners, L.P. (CHKM) announced that the Board of Directors of its general partner has approved changing the Partnership's name to Access Midstream Partners, L.P. The Board has al...
Pacific Acquires Interest in Portofino Exploration Block
Colombia >> 7/24/2012 - Pacific Rubiales Energy Corp is pleased to announce that it has signed binding letters of agreement with Petrolera Monterrico S.A. Sucursal Colombia (“Petromont”) to acquire a 40% participating inte...
Africa Oil Signs Kenya Farmout Deal with Marathon Oil
Africa Oil Signs Kenya Farmout Deal with Marathon Oil Kenya >> 7/23/2012 - Africa Oil Corp. is pleased to announce that it has signed a definitive farmout agreement with Marathon Oil Corporation whereby Marathon Oil will acquire the rights to obtain an interest in two of Afr...
BOEM Proposes Offshore Texas Lease Sale
United States >> 7/23/2012 - As part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BO...
Anadarko Puts Brazil Sale on Hold
Brazil >> 7/19/2012 - Anadarko Petroleum Corp has put the sale of some of its deepwater assets in Brazil on hold, the company said. ...
Chevron Acquires Interest in Kurdistan Concessions
Chevron Acquires Interest in Kurdistan Concessions Iraq >> 7/19/2012 - Chevron Corporation announced that its subsidiaries have completed a transaction to acquire interests in two blocks in the Kurdistan Region of Iraq. Chevron will acquire Reliance Exploration & Product...
Ecopetrol & PanAtlantic Sign Farm-out Agreement in Brazil
Brazil >> 7/19/2012 - Ecopetrol oleo e Gas do Brasil Ltda, a wholly owned subsidiary of Ecopetrol S.A., and Vanco Brasil Exploraçao e Produçao de Petroleo e Gas Natural Ltda, a wholly owned subsidiary of PanAtlantic Energy...
Pancontinental Acquires Additional 10% in EL 0037
Namibia >> 7/19/2012 - Pancontinental Oil & Gas NL is very pleased to announce that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to purchase 10% of Paragon’s inte...
Iraq Gets Positive Obama Response on Exxon Concern
Iraq Gets Positive Obama Response on Exxon Concern Iraq >> 7/19/2012 - Iraq's prime minister said that U.S. President Barack Obama backed Baghdad's concerns over Exxon Mobil's oil deal with the Kurdistan region and had emphasized Washington's respect for the Iraqi consti...
Shell Said to Be in Anadarko Talks for Mozambique Gas
Mozambique >> 7/18/2012 - Royal Dutch Shell Plc (RDSA) has started discussions with Anadarko Petroleum Corp. (APC) over a bid for the U.S. producer’s gas assets in Mozambique, where energy companies are looking to tap the larg...
Alliance Oil Acquires Oil License in Timano-Pechora
Russia >> 7/18/2012 - Alliance Oil Company has signed an agreement to acquire LLC "GeoInvestService" for 30 million US dollars. LLC "GeoInvestService" holds an exploration license for the West-Osoveiskoye block in the Tima...

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