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Acquisitions and Divestitures News

WHL Energy Acquires Seychelles Oil and Gas Interests
Seychelles >> 3/1/2011 - Australian energy company WHL Energy Limited is pleased to announce that it has secured rights to a minimum of 96% of 20,700 square kilometres of highly prospective oil and gas exploration interests i...
Iranian Consortium to Develop Darkhovin Field Phase 3
Iran >> 3/1/2011 - ‘A contract to develop Darkhovain oil field’s third phase will be signed in next two months,' managing director of the Petroleum Engineering and Development Company (PEDEC) Naji Sadouni said. ...
Statoil and ExxonMobil Together on the Faroes
Faroe Islands >> 3/1/2011 - ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% intere...
Canacol Signs 3 New E&P Contracts in Colombia
Colombia >> 3/1/2011 - Canacol Energy Ltd. is pleased to announce it has signed three new Exploration and Production (E&P) Contracts with the Agencia Nacional de Hidrocarburos (ANH) of Colombia. The Sangretoro E&P contract ...
Spring Acquired Marathon Interest in License 438
Norway >> 2/28/2011 - Spring Energy has agreed to acquire Marathon Petroleum Norge AS' 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled t...
Range Resources to Sell Barnett Shale Properties
United States >> 2/28/2011 - RANGE RESOURCES CORPORATION announced that it has signed a definitive agreement with a private company to sell its Barnett Shale properties in the Fort Worth Basin for a purchase price of $900 million...
Concho Resources to Sell its Bakken Assets for $196m
United States >> 2/28/2011 - Concho Resources Inc. announced that it has signed a definitive agreement with Linn Energy to sell its North Dakota Bakken assets for $196 million. The sale is expected to close by the end of the firs...
Endeavour International Closes Bacchus Transaction
United Kingdom >> 2/24/2011 - Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% wo...
ATP is Acquiring Five Licences in Offshore Israel
Israel >> 2/24/2011 - ATP Oil & Gas Corp is expanding its deepwater operating and infrastructure expertise to offshore Israel. Subject to approval of the Ministry of National Infrastructures (MNI), ATP has signed agreement...
Ratification Completed for Block SL-03
Sierra Leone >> 2/24/2011 - West African focused oil and gas company, African Petroleum Corporation Limited (“African Petroleum” or the “Company”), is pleased to announce that the Company’s award of block SL-03, offshore Sierra ...
Aminex Gets Government Approval for Tanzanian Farm-In
Tanzania >> 2/24/2011 - Aminex PLC announces that it has received formal approval from the Tanzanian Ministry of Energy and Minerals to acquire an additional 15% working interest from Key Petroleum Ltd. in the Nyuni East Son...
CNPC, Kazmunaigas Inked Agreement for Urikhtau Field
Kazakhstan >> 2/23/2011 - On February 22, witnessed by Chinese President Hu Jintao and Kazakh President Nursultan Nazarbayev. CNPC inked an agreement in principal with KazMunayGas on the cooperation project at Urikhtau in Kaza...
Negotiations for Kenya Blocks L10A and L10B
Kenya >> 2/23/2011 - Pancontinental Oil & Gas NL is very pleased to announce that, together with three co-applicants and led by BG Group plc, it is in negotiations for the award of oil and gas exploration and production l...
Africa Oil Completes Acquisition of Centric Energy
Kenya >> 2/23/2011 - Africa Oil Corp. is pleased to announce that it has completed the acquisition of all of the issued and outstanding common shares of Centric Energy Corp., a publicly traded oil and gas company listed o...
Africa Oil Closes Farm Out on Blocks 12A and 13T
Kenya >> 2/22/2011 - Africa Oil Corp. is pleased to announce that it has now closed on the final two blocks out of the previously announced five block farmout transaction with Tullow Oil plc (Tullow). The Company and Tull...
Petrobras Acquires Exploratory Block in Benin, Africa
Benin >> 2/22/2011 - Petrobras, inform that acquired 50% interest in Block 4, located off the coast of Benin – a country situated on the west coast of Africa -, from Compagnie Béninoise des Hydrocarbures (CBH), a subsidia...
BP to Sell Package of UK Upstream Assets
United Kingdom >> 2/22/2011 - BP announced the intention of selling its interests in a number of operated oil and gas fields in the UK. The assets involved are the Wytch Farm onshore oilfield in Dorset and all of BP's operated gas...
Cooperation Agreement Between Gazprom and Khanty
Russia >> 2/22/2011 - Gazprom headquarters Alexey Miller, Chairman of the Company's Management Committee and Natalia Komarova, Governor of the Khanty-Mansiysk Autonomous Okrug – Yugra signed the Cooperation Agreement for 2...
Po Valley Awarded 2 New Gas Exploration Licences
Italy >> 2/22/2011 - Po Valley Energy Limited has achieved a 38% increase in the area of its gas exploration rights in northern Italy - including licences located in one of the country's former largest onshore gas fields ...
LOTOS EPN Relinquishes its interest in Licence PL 556
Norway >> 2/21/2011 - LOTOS E&P Norge (controlled by LOTOS Petrobaltic S.A., in which the Company holds 99.32% of the share capital) had relinquished its 50% interest in licence PL 556 in the Norwegian Sea, awarded in the ...

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