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Acquisitions and Divestitures News

Encana to Acquire 30% Stake in Kitimat LNG Project
Canada >> 3/18/2011 - Kitimat LNG facility partners Apache Corporation and EOG Resources, Inc., through their Canadian subsidiaries, announced that Encana Corporation (Encana) has agreed to acquire a 30 percent working int...
BP to Sell Fuel Storage & Pipeline Assets to Buckeye
United States >> 3/18/2011 - BP Products North America announced that it has agreed to sell a package of 33 refined products terminals and 992 miles of pipelines across 13 states to Buckeye Partners L.P. Buckeye has also agreed t...
Simba Energy Updates Operations in Block 3, Mali
Mali >> 3/17/2011 - Simba Energy Inc., the oil and gas exploration company with a focus on the West African nations of Liberia, Mali, and Ghana, is pleased to provide the following update to its shareholders in Mali. ...
Algeria Awards Only Two Energy Permits in Bid Round
Algeria >> 3/17/2011 - Algeria awarded only two out of 10 oil and gas permits on offer in its licensing round, increasing pressure on the government to make terms more attractive to foreign oil companies. ...
PGNiG to Apply for Polish Shale Oil Licences
Poland >> 3/16/2011 - Poland's gas monopoly PGNiG will apply for five licenses to explore potential unconventional shale oil resources in Poland, PGNiG's deputy head said. ...
Approving Assignment of OMV Stake in Rockall Licence
Ireland >> 3/16/2011 - Further to an announcement made on 12 January San Leon Energy P.l.c., is pleased to announce that the Irish government has granted formal approval for the transfer of the OMV (Ireland) Killala Explora...
Accepting Farm-in Offer for Heron Discovery in NT/P68
Australia >> 3/15/2011 - MEO Australia Limited is pleased to announce that it has accepted a conditional offer from its preferred farminee for farmin to NT/P68. Negotiations are currently underway to convert the offer into bi...
Det Norske Farms Out 10% in PL 522 to Centrica
Norway >> 3/14/2011 - Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent. ...
Egdon Acquires UK Licence Interests from Valhalla
United Kingdom >> 3/14/2011 - Egdon Resources plc is pleased to report that further to the announcement of 28 January 2011 it has completed the acquisition from Valhalla Oil and Gas UK Limited (Valhalla) of their entire 50% intere...
Chrysaor Exercises Spanish Point Drilling Option
Ireland >> 3/14/2011 - Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), has been formally notified by its partner, Chrysaor E&P...
GeoGlobal Signs Operating Agreement in Israel
Israel >> 3/11/2011 - GeoGlobal Resources Inc. announced that the International Operating Agreement relating to the offshore Israel license known as 388 "Samuel" has been executed. ...
Chevron to Sell Pembroke Refinery to Valero Energy
United Kingdom >> 3/11/2011 - Chevron has reached an agreement with Valero Energy Corporation to sell Chevron Limited, the entity that holds the 220,000 barrel per day Pembroke Refinery and other downstream assets in the United Ki...
Increased Exploration Activity in Mature Areas
Norway >> 3/11/2011 - The Ministry of Petroleum and Energy announced Awards in Predefined Areas 2011. The Areas comprise the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. With this a...
Central Petroleum and GSG Terminate Joint Agreements
Australia >> 3/11/2011 - Central Petroleum has agreed to terminate the current farmout and joint operating agreements with Great Southern Gas Limited (GSG), allowing GSG to withdraw from exploration permit EPA 130 for an undi...
Fox Petroleum to Seek Canadian Oil Tar Sand Projects
Canada >> 3/11/2011 - Fox Petroleum Inc. announced that it is seeking to identify Canadian Oil Tar sands projects for the launch of its oil subsidiary. ...
Bengal Energy Confirms Final Grant of ATP 732P
Australia >> 3/10/2011 - Bengal is pleased to announce the Ministerial Grant from the Department of Natural Resources and Mines of Authority to Prospect 732P (ATP 732P), located in the Cooper/Eromanga Basin, Queensland, Austr...
Melrose Signs Agreements for Black Sea Concessions
Romania >> 3/10/2011 - Melrose Resources plc, the oil and gas exploration, development and production company, is pleased to announce that it has signed the Concession Agreements for two offshore exploration blocks EX-27 (M...
Vaalco Acquires Lease in Granite Wash Formation
United States >> 3/10/2011 - VAALCO Energy, Inc. announced that it recently acquired a 640 acre lease in the Granite Wash formation in Hemphill County, Texas and that the Company has secured a drilling rig. The rig has been drill...
Gazprom & Wintershall Intend to Expand Gas Production
Russia >> 3/10/2011 - Alexander Medvedev, Deputy Chairman of the Management Committee of OAO Gazprom, and Dr. Hans-Ulrich Engel, Board member of BASF, responsible for the Oil & Gas Division, signed in St. Petersburg a Memo...
Japanese Firms Eye Stake in Woodside's LNG Project
Australia >> 3/10/2011 - Japanese trading companies Mitsubishi Corp and Mitsui & Co are considering buying stakes in Woodside Petroleum's Browse Basin liquefied natural gas project in Western Australia, a newspaper reported. ...

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