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Acquisitions and Divestitures News

BP to Farm-In to Serica’s Luderitz Basin Blocks
Namibia >> 3/15/2012 - Serica Energy plc announces that, subject to the consent of the Ministry of Mines and Energy in Namibia, BP will be joining Serica in the exploration of Licence 0047 offshore Namibia by farming-in to ...
Maurel & Prom Wins 2 Exploration License in Namibia
Namibia >> 3/15/2012 - Maurel & Prom is pleased to announce that the Government of Namibia has awarded to Maurel & Prom and co-venturers, two exploration licenses in the Walvis basin, offshore Namibia (up to 2,500m water de...
RWE Dea Farm-Into a License on the Norwegian Shelf
Norway >> 3/12/2012 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered into an agreement with Wintershall Norge ASA to acquire 10 percent equity in production license (PL) 418...
BG to Sell Gas Field After Israel Blocks Project
BG to Sell Gas Field After Israel Blocks Project Israel >> 3/9/2012 - BG Group Plc, the U.K.’s third- largest oil and gas producer, will sell a gas field off the Gaza Strip after its development was blocked by Israel, according to two people with knowledge of the matter...
Global Announced The Sell of Olmos Shale
United States >> 3/8/2012 - Global Petroleum Limited (Global) announces that, further to its announcement on 27 October 2011 that it had appointed Albrecht and Associates to seek buyers for its interest in the Olmos production a...
Iraq OKs Statoil Sale of Oilfield Stake
Iraq OKs Statoil Sale of Oilfield Stake Iraq >> 3/7/2012 - Iraq has approved the sale by Norway's Statoil ASA of its minority stake in a giant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects,...
UAE's Microsol Buys Key Assets of Insolvent Solon
United Arab Emirates >> 3/6/2012 - United Arab Emirates-based solar cell maker Microsol has acquired the key assets of Solon and its subsidiaries, including U.S.-based Solon Corp, the insolvent German solar group said. About 600 jobs w...
HRT to Sell Stakes in Namibia Oil Blocks by June
Namibia >> 3/5/2012 - HRT Participaçoes plans to sell part of its stakes in offshore oil blocks in Namibia by June as it seeks to help pay for exploration activities. ...
S.Korea Takes 40% Stake in UAE Oilfields
S.Korea Takes 40% Stake in UAE Oilfields United Arab Emirates >> 3/5/2012 - A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said. ...
Oil Search Sale of Interest in Block 3 to Total
Yemen >> 3/5/2012 - Oil Search is pleased to report that it has signed a Sales and Purchase Agreement to sell its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France, for a consideration of US$44 million. A...
Lundin Petroleum Increases Interest in Brynhild Field
Norway >> 3/5/2012 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into an agreement with Talisman Energy Norge AS to acquire an additional 30 percent interest in PL148 containing the B...
Interoil Announces Farm-Out of COR-6 and Altair
Colombia >> 3/2/2012 - InterOil Colombia E&P Inc is pleased to announce that it has entered into a binding memorandum of understanding with Pangea Energy Corp. in respect of a 50% farm-out of the COR-6 block and a 40% farm-...
Interoil Completes the Farm-Out of Colombian Blocks
Colombia >> 3/2/2012 - As a result of the farm-outs to Pangea Energy Corp and Petromagdalena Energy Corp of COR-6, LLA-47 and Altair in Colombia, Interoils previous commitment of approx. USD 70 mill have been reduced to app...
Longford to Sale its Interest in Chia Surkh Block
Longford to Sale its Interest in Chia Surkh Block Iraq >> 3/1/2012 - Longford Energy Inc. is pleased to provide an update on the proposed transaction to sell its 40 percent-undivided interest in the Chia Surkh Block in the Kurdistan region of Iraq to Genel Energy plc (...
Aminex PLC Sells Somerset Field in Texas
United States >> 3/1/2012 - Aminex PLC, an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, an...
JKX Oil & Gas Announces Russian Gas Sales Contract
Russia >> 3/1/2012 - JKX is pleased to announce that its wholly owned Russian subsidiary, Yuzhgazenergy (“YGE”), has signed a sales agreement with Kubangazifikatziya for the sale of 100% of the gas produced in 2012 from i...
Interoil Announces Farm-Out of LLA-47
Colombia >> 2/29/2012 - InterOil E&P ASA has entered into a binding Letter of Intent to farm-out 50% of block LLA-47 in Colombia to PetroMagdalena Energy Corp. InterOil E&P ASA will remain operator. ...
Abraaj in Talks to Buy Transatlantic Oilfield Service
Abraaj in Talks to Buy Transatlantic Oilfield Service United Arab Emirates >> 2/28/2012 - Abraaj Capital, the leading private equity firm in emerging markets, announced that a consortium consisting of funds advised by Abraaj Investment Management Limited (Abraaj, an affiliate of Abraaj Cap...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
United Kingdom >> 2/27/2012 - The Parkmead Group plc is pleased to report that it has completed the acquisition of four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea from Sorgeni...
Eagle Ford Potential Sale
United States >> 2/27/2012 - Following Texon Petroleum Limited’s (TXN) announcement that it has appointed Albrecht & Associates and RBS Morgans Limited, Global Petroleum Limited (Global) advises that it has also appointed Albrech...

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