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Acquisitions and Divestitures News

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...
SPDC Completes Sale of Nigerian Oil Mining Lease
Nigeria >> 9/3/2012 - Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed on August 31st 2012 the assignment of its 30% interest in Oil Mining Lease (OML)...
Total Acquires a 40% Interest in Offshore Block M-11
Myanmar >> 9/3/2012 - Total announces the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. PTTEP (PTT Explora...
APCL Provides Update on MOU with PetroChina
Liberia >> 9/3/2012 - Further to the announcement made by African Petroleum Corporation Limited (APCL or the Company) on 16 July 2012, the Company advises that the exclusivity granted to PetroChina International Investment...
Petroci Elects to Increase its Gazelle Field interest
Petroci Elects to Increase its Gazelle Field interest Ivory Coast (Cote D'Ivoire) >> 8/30/2012 - Rialto Energy Ltd is pleased to announce that Petroci Holdings, the Government of Cote d’Ivoire state-owned oil and gas company, has elected to increase its paying interest in the Gazelle Field Exclus...
Statoil & Rosneft Sign Agreements for Russian Exploration
Statoil & Rosneft Sign Agreements for Russian Exploration Russia >> 8/30/2012 - Statoil and Rosneft signed Shareholder and Operating Agreements that will establish joint ventures for the four offshore Russian license areas included in the Cooperation Agreement signed by the two c...
Nido Awarded Service Contract 63 Sub-Phase 2b Extension
Philippines >> 8/28/2012 - Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Technical Operator of Service Contract 63, on behalf of the SC 63 Joint Venture Partners, wishes to provide the following...
Offshore China Blocks Available for Foreign Cooperation
Offshore China Blocks Available for Foreign Cooperation China >> 8/28/2012 - In 2012, the second batch of 26 Blocks covering an area of 73,754 km2 are available for cooperation between CNOOC and foreign companies. ...
Cairn Energy to Farm-in to Foum Draa Block in Morocco
Morocco >> 8/28/2012 - Serica Energy plc announces that, subject to the consent of the Moroccan Authorities, Cairn through its subsidiary Capricorn Exploration and Development Company Limited (“Capricorn”) will be joining S...
Alfa Laval Acquires Gamajet Cleaning Systems, Inc.
United States >> 8/27/2012 - Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired Gamajet Cleaning Systems, Inc., a leading provider of tank cleaning machines as well as self-cont...
Synalloy Acquires Palmer of Texas
United States >> 8/23/2012 - Synalloy Corporation (SYNL), a producer and fabricator of stainless steel and carbon pipe and piping systems, and producer of specialty chemicals, announces that as previously reported on August 13, 2...

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