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Acquisitions and Divestitures News

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...
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...
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...
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...
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...
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...
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...
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. ...
Roxi Sales 40% Interest in Galaz to LGI
Kazakhstan >> 1/12/2011 - Roxi Petroleum (the Company), the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that, following recent approval from the Anti-Monopoly Agency of Kazakhstan, it h...
OMV Pays San Leon Energy £3m to Exit Rockall Licence
Ireland >> 1/12/2011 - San Leon Energy P.l.c., announces that, subject to Irish governmental approval, OMV (Ireland) Killala Exploration GmbH (OMV) has agreed to pay £3 million to San Leon to be removed from the Irish Conti...
Repsol Buys a Share in Offshore Colombian Block
Colombia >> 1/12/2011 - Repsol has signed an agreement with Colombian company Ecopetrol and Brazil's Petrobras to buy a stake in the offshore Tayrona exploration block in the Colombian Caribbean Sea. ...
GE Technology to Meet UK Energy Efficiency Targets
United Kingdom >> 1/11/2011 - GE has acquired Remote Energy Monitoring, Ltd. with operations in the United Kingdom and Australia. This acquisition enhances GE’s ability to address the European Union’s goals for a lower-emission, h...
Savoy Signs LOI to Acquire 135 Acre Lease in Texas
United States >> 1/10/2011 - Savoy Energy Corporation, an independent oil and gas Company, announces it has signed a Letter of Intent to acquire a 135 acre lease in Central Texas. The lease includes proven non-producing reserves ...
Range Resources Farms Out Georgian Interests
Georgia >> 1/10/2011 - Range Resources Limited along with its Georgian partner Strait Oil and Gas UK Limited is pleased to announce that it has entered into a Heads of Agreement (HOA) with Red Emperor Resources NL to acquir...
Adnoc to Select Shah Gas Project Partner by March
United Arab Emirates >> 1/10/2011 - Abu Dhabi National Oil Co. will select Exxon Mobil Corp., Occidental Petroleum Corp. or Royal Dutch Shell Plc this quarter to help develop the $10 billion Shah natural-gas project, a company official ...
Jacka Resources Negotiates for PSA over Ruhuhu Basin
Jacka Resources Negotiates for PSA over Ruhuhu Basin Tanzania >> 1/7/2011 - Jacka Resources Ltd is pleased to announce that it is in exclusive negotiations for the award of oil and gas exploration and production rights over the entire Ruhuhu Basin, an onshore area of some 8,4...
Innamincka Petroleum Increases Cooper Interest
Australia >> 1/7/2011 - The Directors of Innamincka Petroleum Limited (INP) advise that the company has accepted an offer from SCGAU Pty Ltd (SCGAU) to acquire an additional 25% interest in PEL103 and PRLs 14, 17 & 18 (PEL10...
Relinquishment of Concession Rights in Block L9/48
Thailand >> 1/7/2011 - Further to our announcement on 3 December 2010, Interra Resources Limited wishes to inform shareholders that it is in the process of relinquishing its concession rights in the onshore petroleum explor...
Sandridge Energy Closes Sale of its Wolfberry Assets
United States >> 1/6/2011 - SandRidge Energy, Inc. announced that it has closed the sale of its Wolfberry assets in the Permian Basin to a private party for cash proceeds of $155 million. The divested properties are producing ap...
Cue Completes WA-389-P Farmout to Woodside
Australia >> 1/6/2011 - Cue Energy Resources Limited is pleased to announce that all regulatory approvals have been received for Woodside Burrup Pty Ltd to farm into Cue's WA-389-P permit in the offshore Carnarvon Basin of W...

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