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Acquisitions and Divestitures News

Chesapeake Energy to Sell Fayetteville Shale Assets
United States >> 2/21/2011 - Chesapeake Energy Corporation announced it has agreed to sell all of the company's interests in approximately 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Sh...
Agreement Between Shell, Vitol and Helios
Netherlands/Holland >> 2/19/2011 - Shell announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helios Investment Partners for a total consideration of some $1 bil...
OMV Closes Acquisition of Pioneer’s Subsidiaries
Tunisia >> 2/18/2011 - OMV, the leading energy Group in the European growth belt, through its fully owned subsidiary OMV (Tunesien) Production GmbH, completed the acquisition of 100% of the entire issued share capital of Pi...
Sale of Gippsland Basin Permits to Larus Energy
Australia >> 2/18/2011 - Drillsearch Energy Ltd is pleased to announce the sale of its three Gippsland Basin Permits being VIC/P63, VIC/P64 and T/46P held by it's wholly owned subsidiary Great Artesian Oil and Gas Pty Limited...
Cenovus Seeks Another Partner for Oil Sands
Canada >> 2/18/2011 - Cenovus Energy Inc, Canada's No. 2 independent oil exploration and production company, said it's seeking a joint-venture partner to speed development of its Alberta oil sands holdings and boost the va...
ONGC May Get Blocks in Sri Lanka
Sri Lanka >> 2/17/2011 - The Sri Lankan government could award three hydrocarbon blocks in its northern offshore area to the overseas unit of Indian state explorer Oil and Natural Gas Corp, the Mint newspaper reported. ...
CNOOC $50m Investment Receives FIRB Clearance
Australia >> 2/17/2011 - Exoma Energy Limited is pleased to advise that China National Offshore Oil Corporation's subsidiary, CNOOC Gas & Power Group Ltd has received clearance from the Australian Treasurer for its $50 millio...
Atlas Copco Acquires ABAC Catalunya
Spain >> 2/17/2011 - Atlas Copco’s subsidiary Aire Comprimido Industrial Iberia, S.L., has agreed to acquire certain assets of ABAC Catalunya, a long-serving distributor of ABAC compressors in Northeastern Spain. The acqu...
Apache Farms into Origin Energy's Block L8 PSC
Kenya >> 2/16/2011 - Origin Energy Limited, on behalf of its wholly owned subsidiary Origin Energy Kenya Pty Ltd advises that it has reached agreement with a subsidiary of US independent Apache Corporation, to divest a 50...
Tullow Slip on Total Renegotiation on Ugandan Blocks
Uganda >> 2/16/2011 - Shares in Tullow Oil slip 1.7 percent to feature in the FTSE 100 index worst performers list after French oil company Total says it is renegotiating a deal with the company to buy a stake in its Ugand...
Gazprom Acquires a Stake in Elephant Oil Project
Libya >> 2/16/2011 - In the presence of Russian President Dmitry Medvedev and Italian Prime Minister Silvio Berlusconi a Farm-out Agreement for the Elephant project Production Sharing Agreement (PSA) has been signed in Ro...
CAMAC Completed Acquisition of Allied’s Interests
Nigeria >> 2/16/2011 - CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that on February 15, 2011, it completed the acquisition of the remaining ...
Gran Tierra Announces Brazil Operations Update
Brazil >> 2/15/2011 - Gran Tierra Energy Inc, a company focused on oil and gas exploration and production in South America, announced an operations update for Brazil. ...
Enegi Oil Offered Onshore Licensing Option in Ireland
Ireland >> 2/14/2011 - Enegi is pleased to announce that it has been offered a 100% interest in an Onshore Petroleum Licensing Option to undertake a work programme on areas of interest within the Clare Basin. The Clare Basi...
Acquiring Producing Natural Gas Assets in Ukraine
Ukraine >> 2/14/2011 - 3P International Energy Corp. is pleased to announce that the Corporation has entered into a Binding Letter of Intent (LOI) with JSC "Nadra Concern" for the purchase of its wholly owned subsidiary JSC...
Azar Oilfield Contract to Finalize in Next 3 Months
Iran >> 2/13/2011 - The contract to develop Azar oil field will be signed in next three months, managing director of Petroleum Engineering and Development Company, Naji Sadouni said. ...
Ethiopia May Take Over Petronas Assets in Ogaden
Ethiopia >> 2/12/2011 - The Ethiopian government may take over Petroliam Nasional Bhd.'s oil and gas holdings in the Ogaden region rather than approving a sale to SouthWest Energy (H.K.) Ltd., The Reporter said, citing an un...
American Eagle to Acquire Acreage in Alberta Bakken
United States >> 2/11/2011 - American Eagle Energy Inc. is pleased to announce that, together with its partner, Big Sky Operating LLC, the Company has entered into a purchase and sale agreement with a private company to acquire 4...
Sun River Completes Acquisition of Katy's Assets
United States >> 2/10/2011 - Sun River Energy, Inc. closed the purchase of certain oil and gas interest under a definitive Purchase and Sale Agreement (PSA) with Katy Resources ETX, LLC (Katy). Under the PSA Sun River acquired a ...
Encana to Establish Joint Venture with Petrochina
Canada >> 2/9/2011 - Encana Corporation has signed a Co-operation Agreement with PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited, that would see PetroChina pay C$5.4 billion...

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