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Acquisitions and Divestitures News

Qatar Will Bid Offshore Gas Exploration in January
Qatar >> 11/28/2010 - Qatar Petroleum, the state-run energy company in the country with the world’s third-largest gas reserves, is calling for bids for offshore exploration to be submitted early in 2011, people familiar wi...
New Licenses Offshore Greenland
Greenland >> 11/26/2010 - Statoil and its consortium partners – Shell and GDF Suez – have been awarded two large exploration blocks in the Baffin Bay bid round in West Greenland. Shell will be the operator of both blocks. ...
Sterling Enters into the Netherlands Offshore
Netherlands/Holland >> 11/26/2010 - Sterling Resources Ltd. is pleased to announce that approval has been received from the Dutch authorities to transfer to Sterling interests in five licenses within the F-Quad and L-Quad areas offshore...
Maersk Oil Awarded Offshore Licence in West Greenland
Greenland >> 11/26/2010 - Greenland announced that Maersk Oil has been awarded a licence covering Block 9 in Baffin Bay, offshore West Greenland. The frontier exploration block is 11,802 sq km – about one fourth of the total s...
BP Awarded Exploration Block in Indonesia
Indonesia >> 11/26/2010 - Following an announcement last week by the Government of Indonesia last week, BP confirmed that it has been awarded a 100 per cent interest in the North Arafura oil and gas production sharing contract...
Cairn Seeks India Nod to Sell Stake in 3 Key Assets
India >> 11/25/2010 - UK explorer Cairn Energy has sought Indian government approval to switch control of three producing blocks to Vedanta Resources, an oil ministry source said, an important step in sealing the sale of i...
ADX Farms out further 10% of Sidi Daher Prospect
Tunisia >> 11/25/2010 - ADX Energy Ltd is pleased to announce a farmout has been executed for 10% of its 50% remaining interest in the Chorbane Permit with Verus Investments Limited (“Verus”). Under the terms of the agreemen...
Twin Butte Energy Announces Oil Acquisition for 2011
Canada >> 11/25/2010 - Twin Butte Energy Ltd. is pleased to announce that it has entered into a definitive agreement to purchase conventional heavy oil producing assets primarily in the Frog Lake area of North Eastern Alber...
INPEX Complete the Transfer of 10% in Masela Block
Indonesia >> 11/24/2010 - INPEX CORPORATION (INPEX) announced that its affiliate, INPEX Masela, Ltd. (INPEX Masela) and PT EMP Energi Indonesia (EMPI), a subsidiary of PT Energi Mega Persada Tbk. (EMP), which is a leading Indo...
Petrobras Argentina Does Not Migrate the Contracts
Ecuador >> 11/24/2010 - Petroleo Brasileiro S.A - Petrobras announces that its subsidiary Petrobras Argentina S.A. (Petrobras Argentina) did not accept the final arrangements proposed by the government of Ecuador to migrate ...
Acquiring 20% Interest in UK Bacchus Development
United Kingdom >> 11/23/2010 - Endeavour International Corporation announces that its wholly owned subsidiary Endeavour Energy UK Ltd. has signed a definitive agreement to acquire an additional 20% working interest in the North Sea...
Proper Power Continues Acquisition Infrastructure
United States >> 11/22/2010 - Proper Power & Energy, Inc.announced that it has formed a wholly owned subsidiary to operate its acquisition of 87.5 acres of land in Kentucky. The filing follows the execution of an agreement of unde...
Flint Provides Expansion of Oilfield Hauling Services
United States >> 11/22/2010 - Flint Energy Services Ltd.announced a US$36 million asset acquisition, including property and equipment in five locations in the United States; three in East Texas, one in Louisiana and one in Oklahom...
Total Acquires a Deep Offshore Exploration Block
Malaysia >> 11/22/2010 - Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will op...
Hess Acquires Additional Bakken Acreage
United States >> 11/22/2010 - Hess Corporation announced that it has agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. ...
Circle Oil Provides Operational Update in Tunisia
Tunisia >> 11/22/2010 - Circle Oil the international oil and gas exploration, development and production company is pleased to announce the following operational update on its activities in Tunisia. ...
Energy XXI to Acquire Gulf of Mexico Shelf Properties
United States >> 11/21/2010 - Energy XXI announced it has executed a purchase and sale agreement to acquire certain shallow-water Gulf of Mexico shelf oil and natural gas interests from affiliates of ExxonMobil for $1.01 billion. ...
Total Acquires Interest in Deep Offshore Exp. Block
Malaysia >> 11/19/2010 - Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will op...
Cabot Oil & Gas Sale of Pennsylvania Midstream Assets
United States >> 11/18/2010 - Cabot Oil & Gas Corporation announced the sale of its Pennsylvania midstream assets to Williams Field Services Company, LLC (WFS), a subsidiary of Williams Partners L.P,for consideration of $150 milli...
Denbury Agrees to Sell Ownership Interests
United States >> 11/17/2010 - Denbury Resources Inc. announced that it has entered into an agreement to sell its ownership interests in Encore Energy Partners LP ("ENP") to Vanguard Natural Resources, LLC ("Vanguard") for $380 mil...

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