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Acquisitions and Divestitures News

Beach Energy to Withdraw from the Durresi Block
Albania >> 12/22/2011 - San Leon Energy Plc announces that the Company has been advised by its partner Beach Energy Ltd, that, as part of its ongoing portfolio management, it is withdrawing from the Durresi Block, offshore A...
Longford is in Talks over Chia Surkh Block
Longford is in Talks over Chia Surkh Block Iraq >> 12/21/2011 - Longford Energy Inc. notes the speculation with regard to a possible transaction with Genel Energy PLC (Genel) in relation to the potential sale by Longford of its interest in the Chia Surkh block in ...
PTTEP Wins Bid For 2 Myanmar Oil Blocks
Myanmar >> 12/21/2011 - Thailand's top oil and gas explorer, PTT Exploration and Production Pcl (PTTEP), has won bids for two onshore petroleum blocks in Myanmar, Thai Energy Minister Pichai Naripthanphan said on Wednesday. ...
Ophir Declines Senegal Option
Senegal >> 12/21/2011 - The Company wishes to advise that it has received notification from Ophir Energy plc that they will not be exercising their option to acquire a 25 percent interest in FAR’s Rufisque, Sangomar and Sang...
Signing of Tanjung Aru Production Sharing Contract
Indonesia >> 12/20/2011 - Neon Energy Limited (NEN) report the execution of the Tanjung Aru Production Sharing Contract (PSC) by a Joint Venture consortium comprised of the following companies: Neon Energy Ltd 42% KrisEnergy L...
Statoil Becomes Operator in Pre-Salt Offshore Angola
Statoil Becomes Operator in Pre-Salt Offshore Angola Angola >> 12/20/2011 - Statoil has been awarded operatorship for blocks 38 and 39 and partner position in blocks 22, 25 and 40 in the Kwanza Basin in Angola. This follows the conclusion of the competitive Limited Internatio...
Total to Explore Angola’s Deepwater Kwanza Basin
Total to Explore Angola’s Deepwater Kwanza Basin Angola >> 12/20/2011 - Total announced that it is expanding its significant presence in Angola through the successful application for three new exploration blocks in the deepwater Kwanza Basin. Following an international li...
Eni Signs Production Sharing Contract for Block 35
Angola >> 12/20/2011 - Eni and Sonangol E.P. signed in Luanda a Production Sharing Contract (PSC) for the exploration of Block 35, which is situated in deepwater offshore Angola, 150km off the coast of the capital Luanda. T...
Cobalt International Energy Awarded PSC for Block 20
Cobalt International Energy Awarded PSC for Block 20 Angola >> 12/20/2011 - Cobalt International Energy, Inc. announced that at an official signing ceremony in Luanda, Sonangol and Cobalt executives signed the Production Sharing Contract for Block 20 offshore Angola. Cobalt h...
BP Awarded Five Deepwater Blocks Offshore Angola
BP Awarded Five Deepwater Blocks Offshore Angola Angola >> 12/20/2011 - BP confirmed that it has gained access to five more deepwater exploration and production blocks offshore Angola. These give BP a leading position in Angola, with interests in nine blocks accounting fo...
Zagheh Oil Filed to be Developed
Iran >> 12/19/2011 - Memorandum of understanding for development of the Zagheh oil field, worth one billion dollars, was signed between Iran’s Petroleum Engineering and Development Company (PEDEC) and Russian Tatneft Comp...
UAE's TAQA to Sell Some Canadian Oil & Gas Assets
United Arab Emirates >> 12/19/2011 - Abu Dhabi National Energy Co (TAQA) has reached an agreement to sell some of its oil and gas assets in Canada for an undisclosed amount, the company said. TAQA North, a unit of the company, expects to...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
United Kingdom >> 12/19/2011 - The Parkmead Group plc is pleased to announce that it has signed an agreement with Sorgenia E&P (UK) Ltd. to acquire four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK...
Petroceltic Gets Approval for Isarene Farm Out
Petroceltic Gets Approval for Isarene Farm Out Algeria >> 12/19/2011 - Petroceltic International plc, the upstream oil and gas exploration and production company focused on North Africa, the Middle East and the Mediterranean, is pleased to announce the approval by the Co...
Rosneft Obtains Five New Blocks in Okhotsk Sea
Russia >> 12/19/2011 - By order of the government of the Russian Federation Oil Company Rosneft has been granted five blocks on the Sea of Okhotsk shelf for geological surveying, exploration and development. The five blocks...
Tatneft Denied Any Agreement with Iran
Iran >> 12/19/2011 - In connection with certain reports in the media about Tatneft signing a contract with respect to certain oil fields in Iran, the press-service of JSC Tatneft informs that Tatneft Group have not entere...
Rialto Energy Receives Approval for Gazelle FDP
Rialto Energy Receives Approval for Gazelle FDP Ivory Coast (Cote D'Ivoire) >> 12/16/2011 - Rialto Energy Limited holds 85% working interest and operates Block CI-202 located offshore, Cote d’Ivoire in West Africa (CI-202) and is Operator of the Block. ...
Burundi Blocks B and D Farm-in Opportunity
Burundi >> 12/16/2011 - Surestream Petroleum is pleased to announce the opportunity to farm-in to Blocks B and D in the Republic of Burundi, Lake Tanganyika. The two blocks of 690 and 866 sq km respectively, lie within the p...
CNEH to Purchase New Oilfield in Jilin Province
China >> 12/15/2011 - China North East Petroleum Holdings Limited announced that it has entered into a Share Transfer Agreement with China Kinwa High Technology Co., Ltd., and its wholly-owned subsidiary Beijing Shixin Tai...
Aramco, CNOOC in Talks for $2.2 bln Frac Tech Stake
Saudi Arabia >> 12/14/2011 - Middle East and Chinese oil companies Saudi Aramco, China Petroleum & Chemical Corp (Sinopec) and CNOOC Ltd are in talks to buy an up to 30 percent stake in North American oil and gas services company...

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