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Acquisitions and Divestitures News

IPIC's Assets Grew 15 Pct in 2010
United Arab Emirates >> 5/30/2011 - Abu Dhabi's International Petroleum Investment Co (IPIC), which owns stakes in energy majors OMV and Cepsa, saw its assets rise 15 percent in 2010, the government fund said in a statement. ...
Total Farms into Exploration Agreement with CNOOC
Qatar >> 5/30/2011 - Total announced that it has signed an agreement with CNOOC Middle East (Qatar) Limited, a wholly-owned subsidiary of CNOOC International Limited, to acquire a 25% interest in Qatar’s Block BC (pre-Khu...
Canacol Farms Into Andaquies and Coati E&P Contracts
Colombia >> 5/30/2011 - Canacol Energy Ltd. is pleased to announce that it has entered into a binding term sheet, subject to the finalization of definitive Farm-in and Joint Operating Agreements, with C&C Energia Ltd. (the ¨...
Sidi Moktar Farm-in Agreement and Proposed Financing
Morocco >> 5/26/2011 - Longreach Oil and Gas, a Morocco focused oil & gas company, has announced that a formal agreement has been entered into between Longreach and Maghreb Petroleum Exploration (MPE) to farm-in for a 50% o...
Tullow to Acquire the Ghanaian Interests of EO Group
Ghana >> 5/26/2011 - Tullow Oil plc announces that it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cas...
RWE Dea Farms Out Licence PL330 to Marathon & Lundin
Norway >> 5/25/2011 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered an agreement with Marathon Petroleum Norge AS and with Lundin Norway AS to farm-down a total of 60 perce...
Brandenburg Confirms Farm-In to Cooper Basin Permits
Australia >> 5/25/2011 - Brandenburg Metals Corp., is pleased to announce that it has signed a joint venture letter of intent (LOI) with Houston-based Holloman Energy Corporation (HEC), pursuant to which the Company can earn ...
Noreco Sells its Interests in Brage and Hyme Fields
Norway >> 5/24/2011 - Norwegian Energy Company ASA (Noreco) has signed an agreement to sell its shares in the Norwegian oil fields Brage and Hyme to Core Energy. "It is a strategic priority for Noreco to renew and strength...
1st Batch Notification of China Blocks for Foreign Companies
1st Batch Notification of China Blocks for Foreign Companies China >> 5/24/2011 - In 2011, first batch of 19 Blocks covering an area of 52,006 km2 are available for cooperation between CNOOC and foreign companies. ...
Statoil Increases its Presence in Indonesia
Indonesia >> 5/24/2011 - Statoil has farmed in to three offshore exploration licenses in Indonesia, significantly expanding the presence in the country. Statoil will acquire a 40% equity interest in a North Makassar Strait Pr...
Leed Petroleum Sells Oil and Gas Assets for US$16m
United Kingdom >> 5/23/2011 - Leed Petroleum PLC, the oil and gas exploration and production company, announces that, further to the announcement on 6 May 2011, Leed Petroleum LLC (Leed LLC) sold all of its oil and gas assets to a...
Eni awarded Arguni I Exploration License in Indonesia
Indonesia >> 5/23/2011 - In the 2nd Indonesian International Bid Round 2010, Eni has been awarded the 100% participation interest and operatorship of Block Arguni I located on and offshore in the West Papua Province, Eastern ...
Vallourec Acquires Saudi's Zamil Pipes for $135m
Saudi Arabia >> 5/23/2011 - Vallourec world leader in premium tubular solutions, announced that it has reached an agreement to acquire Saudi Seamless Pipes Factory Company Limited “Zamil Pipes”, the first processing company of s...
Nautical Petroleum Completes Kraken Acquisition
United Kingdom >> 5/20/2011 - Nautical Petroleum plc is pleased to announce the completion of the acquisition of an additional 15% interest in UKCS Licence P1077 Blocks 9/2b and 9/2c, which includes the Kraken discovery, from Cana...
Total and Eni Awarded Oil & Gas Blocks in West Papua
Indonesia >> 5/20/2011 - Total and Eni won oil and gas blocks in Indonesia's eastern Papua province, a director at Indonesia's energy ministry said. Total won the South West Bird's Head block, while Eni won the Arguni I block...
ABB to Develop Energy Storage Solution in Switzerland
Switzerland >> 5/19/2011 - ABB, the leading power and automation technology group, will partner with EKZ, a leading Swiss distribution utility, on a pioneering energy storage pilot project, which will be the largest of its kind...
COPL Signs a SPA for Block LB-13 Offshore Liberia
Liberia >> 5/18/2011 - Canadian Overseas Petroleum Limited (COPL) has signed a Sale and Purchase Agreement (SPA) to acquire a 100% interest in Block LB-13 offshore Liberia from Peppercoast Petroleum plc (Peppercoast) for a ...
PetroKamchatka to Purchase 6 Exploration Licenses
Russia >> 5/18/2011 - PetroKamchatka Plc, an international junior oil exploration company incorporated in the Bailiwick of Jersey, announces that it has halted the trading of its stock at the request of the TSX Venture Exc...
Dominion Petroleum Signs PSC for Block L9
Kenya >> 5/18/2011 - Dominion Petroleum is pleased to announce that it has signed the Production Sharing Contract (PSC) for Block L9 in the Lamu Basin, offshore Kenya, giving the Company a 60% working interest and operato...
Interoil Signs of Blocks LLA 47 and COR 6
Colombia >> 5/18/2011 - Interoil Colombia has signed the exploration blocks LLA 47 and COR 6 with the Colombian Hydrocarbon Agency (ANH) awarded in the Colombian Licensing Round 2010. The LLA 47 license is located in the pro...

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