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Acquisitions and Divestitures News

ZEEP to Purchase Eastman TXE Gasification Project
United States >> 1/21/2011 - Zero Emission Energy Plants Ltd. (ZEEP) announced it has entered into a definitive agreement with Eastman Chemical Company Investments, Inc., to purchase all of the membership interests of TX Energy, ...
Binding Agreement to Acquire Oilfield in Inner Mongolia
China >> 1/20/2011 - China North East Petroleum Holdings Ltd., a leading independent oil producing and oilfield services company in Northern China, announced it entered into a binding agreement to acquire Sunite Right Ban...
Tap Oil Increases its Interest in WA-351-P
Australia >> 1/20/2011 - Tap Oil Limited has exercised its pre-emptive right to acquire an additional 20% interest in the highly prospective WA-351-P exploration permit in Western Australia's Carnarvon Basin. ...
New Exploration Acreage for Statoil
Norway >> 1/19/2011 - Statoil has been awarded interests in 11 production licences on the Norwegian continental shelf (NCS), 18 January. Statoil is operator for eight of these licences. ...
New Exploration Licences Awarded in Norway
Norway >> 1/19/2011 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announc...
Otto Energy Executes Farm-Out of Service Contract 51
Philippines >> 1/18/2011 - Otto Energy Ltd is pleased announce it has executed a farm-out of Service Contract 51 (SC51) to SWAN Oil and Gas Ltd (SWAN). The agreement has been approved by the SC51 Joint Venture Partners and is a...
India's GAIL Looking to Acquire US Shale Gas Assets
United States >> 1/18/2011 - Indian state-run gas firm GAIL (India) Ltd is scouting for shale gas assets in the United States and is willing to invest around $400-$500 million, the Mint newspaper reported, citing two unnamed peop...
Rocksource Awarded Five Licences in APA 2010 Round
Norway >> 1/18/2011 - Rocksource ASA is pleased to announce the award of five new licenses in the APA 2010 Licensing Round on the Norwegian Continental Shelf announced by the Ministry of Petroleum and Energy. ...
GE & Shenhua Form Clean Coal Technology Joint Venture
China >> 1/18/2011 - Marking a significant step forward for coal gasification technology, GEand Shenhua announced that they have agreed to form an industrial coal gasification joint venture to advance the deployment of “c...
Maersk Oil Awarded Licence in Norway
Norway >> 1/18/2011 - Maersk Oil announces it has been awarded a licence in the Norwegian North Sea as a result of the latest APA Licensing Round. ...
Lundin Wins Ten Licences in Norwegian Licensing Round
Norway >> 1/18/2011 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded ten exploration licence interests in the 2010 Norwegian Licensing Round, (Awards in Predef...
BP Awarded 4 Australian Deepwater Exploration Blocks
Australia >> 1/17/2011 - BP announced that it has been awarded four deepwater offshore blocks in the Ceduna Sub Basin within the Great Australian Bight, off the coast of South Australia. ...
Kuwait Completes Acquisition of 2 Oilfields in Russia
Russia >> 1/17/2011 - Kuwait Energy Company KSCC (“Kuwait Energy” or “the Company”), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced that it has complet...
Total Acquires Interests in Four Argentinean Licenses
Argentina >> 1/14/2011 - Total announces that it has acquired interests in four exploration licenses in Argentina in partnership with YPF in order to appraise their shale gas potential. Located in the Neuquén Basin, the licen...
Baytex Acquires Heavy Oil Assets in Canada
Canada >> 1/14/2011 - Baytex Energy Corp. is pleased to announce that it has entered into an agreement to acquire heavy oil assets located in the Seal area of northern Alberta and the Lloydminster area of western Saskatche...
Atlantic Acquires Additional Stake in Perth Discovery
United Kingdom >> 1/14/2011 - P/F Atlantic Petroleum announces that Atlantic Petroleum UK Limited the Company's wholly owned subsidiary has signed an agreement with Nexen Petroleum U.K. Limited to acquire an additional 4.18139% eq...
Statoil and OMV Agreement in the Barents Sea
Norway >> 1/14/2011 - Statoil will take over 15 percent of OMV's 40 percent interest in production licence 537. The licence was awarded in the 20th licensing round in 2009 with OMV as the operator.

Statoil previ...
EPL to Acquire Oil Weighted Assets in GOM Shelf
Mexico >> 1/13/2011 - Energy Partners, Ltd. (EPL) announced it has executed a purchase and sale agreement to acquire producing oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) shelf from Anglo-S...
KOV Acquires New Exploration License in Ukraine
Ukraine >> 1/13/2011 - Kulczyk Oil Ventures (KOV) announces that its subsidiary - KUB-Gas LLC was awarded another exploration license in Ukraine. Recall that since June KOV owns 70 percent. KUB-Gas shares. ...
Acquisition of Undeveloped Perth Oil Field, UK
United Kingdom >> 1/13/2011 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announc...

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