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Acquisitions and Divestitures News

Hyperdynamics Terminates LOI for Guinea Concession
Guinea >> 1/25/2011 - Hyperdynamics Corporation announced that the non-binding Letter of Intent signed with large independent oil and gas company has been terminated. The announcement of the Letter of Intent was made by Hy...
Increase of Ownership in Deepwater Driller Ltd.
Singapore >> 1/25/2011 - Reference is made to the press release sent out by Songa Offshore SEon 24 March 2010 regarding the investment of 31,25% of the shares in Deepwater Driller Ltd ("Deepwater Driller"). Deepwater Driller...
Pertamina Plans $1 bln Acquisitions in 2011
Indonesia >> 1/25/2011 - Indonesian state energy firm Pertamina plans to spend $1 billion in 2011 for acquisitions of oil and gas blocks, as the country seeks to boost declining production. ...
BP and Total Among Winners of Angola Deepwater Blocks
Angola >> 1/24/2011 - BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said. ...
Panoro Energy Farms Out Three Blocks in Santos Basin
Brazil >> 1/24/2011 - Panoro Energy ASA (PEN), the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that the Company has reached agreement to farm out 35% of Panoro's 50% intere...
Cobalt International Awarded Block 20 Offshore Angola
Angola >> 1/24/2011 - Cobalt International Energy, Inc. announced that it has been conditionally awarded a 40% working interest and has been indicated as operator of Block 20 offshore Angola. Eight other companies submitte...
Compressor Station Construction Contractor Selected
Russia >> 1/21/2011 - Following the results of the tender, the award decision for a compressor station in the southern part of the Priobskoye field design and turnkey construction has been taken. The field exploitation is ...
Eni and Petrochina Sign MOU to Develop China Business
China >> 1/21/2011 - Eni signed a Memorandum of Understanding with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opp...
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. ...

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