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Acquisitions and Divestitures News

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...
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...
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...
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...
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...
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...
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. ...
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...
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...
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...
Chevron Buying Two Kurdistan Blocks from Reliance
Chevron Buying Two Kurdistan Blocks from Reliance Iraq >> 7/18/2012 - Chevron Corp is buying into blocks in Iraq's Kurdistan, according to two oil executives involved in the region, as the second-largest U.S. oil company follows Exxon Mobil Corp into an area where oil r...
Niger Awards Nine Oil Production Sharing Contracts
Niger >> 7/16/2012 - Niger has awarded nine production sharing agreements to five oil firms as one of Africa's newest oil producers seeks to diversify its foreign partners, a government statement said. ...
Wentworth Receives Approval for Cove's Interest in Mnazi Bay
Tanzania >> 7/16/2012 - Further to Wentworth's announcements regarding the proposed acquisition of Cove Energy plc's 16.38% participation interest in the production operations (20.475% participation interest in exploration o...
APCL Signs a MOU with PetroChina for Strategic Investment
Liberia >> 7/16/2012 - The Board of African Petroleum Corporation Limited (APCL or the Company) is pleased to announce that the Company has entered into a Memorandum of Understanding (MOU) with PetroChina International Inve...
OMV Acquires 15% Stake in Aasta Hansteen from ExxonMobil
Norway >> 7/13/2012 - OMV signed an agreement to acquire a 15% stake in the Aasta Hansteen field (formerly Luva, Production Licence 218/218 B) from ExxonMobil and an increase of its share by 6.15% in the Norwegian Sea Gas ...
ODYE Wins Provisionally an Exploration Blocks in Sierra Leone
Sierra Leone >> 7/12/2012 - ODYE Limited is pleased to announce that the Sierra Leone government has provisionally awarded ODYE participation in two offshore exploration blocks, SL 8A-10 and SL 8B-10, in Sierra Leone. ...
Total Increases its Stake in Ichthys LNG Project to 30%
Australia >> 7/12/2012 - Total announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. Total’s overall equity stake in the Ichthys LNG project grows ...
Orca Committed to Resolving Issues in Tanzania
Tanzania >> 7/12/2012 - Orca Exploration Group Inc. and its operating subsidiary PanAfrican Energy Tanzania Limited ("PAT" or "PanAfrican") jointly announce their commitment to successfully conclude ongoing discussions with ...
African Petroleum Provisionally Awarded Block SL-4A-10
Sierra Leone >> 7/11/2012 - African Petroleum Corporation Limited, a West African focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, African Petroleum Sierra Leone Limited (“African...
Statesman Signs E&P Sharing Agreement in Sudan
Sudan >> 7/11/2012 - Statesman Resources Ltd. announces that on 3 July 2012 it signed an Exploration and Production Sharing Agreement (EPSA) with the Government of the Republic of the Sudan for the award of a seventy five...

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