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Acquisitions and Divestitures News

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. ...
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...
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. ...
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...
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-...
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...
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...
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 (...
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...
Kosmos Energy Increases Share in Deepwater Tano Block
Ghana >> 2/27/2012 - Kosmos Energy announced that it has exercised a right under the existing Joint Operating Agreement to acquire the participating interest of Sabre Oil & Gas Holdings Limited in the Deepwater Tano Block...
QGEP Becomes Block BS-4’s Operator
Brazil >> 2/27/2012 - Queiroz Galvao Exploraçao e Produçao closes February as BS-4’s operator. This block comprises the heavy oil fields of Atlanta and Oliva and has a total volume of over two billion oil barrels in situ. ...
The Sell of Antero’ Marcellus Shale Gathering Assets
United States >> 2/27/2012 - Crestwood Midstream Partners LP, Crestwood Holdings Partners LLC and Antero Resources Appalachian Corporation announced the execution of definitive agreements whereby CMLP and Crestwood Holdings, thr...
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...
Genel Rules out Buying DNO, Gulf Keystone
Iraq >> 2/23/2012 - London-listed Genel Energy is not planning any acquisitions in Iraq's Kurdistan region and as such is not interested in buying DNO or Gulf Keystone, two Kurdistan-focused oil firms, the company's chie...

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