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Acquisitions and Divestitures News

Shell Brazil Plans to Drill 10 Wells
Brazil >> 12/7/2010 - The Brazilian division of Royal Dutch Shell (RDSa.L) plans to drill ten wells over the next 18 months in the South American country and could participate in future oil field auctions, a company offici...
Antrim Acquires Stake in Cerro Los Leones Concession
Argentina >> 12/7/2010 - Antrim Energy Inc. is pleased to announce that it has entered into an agreement to acquire a 50.1% interest in and operatorship of the 307,215 acre Cerro los Leones exploration concession, located in ...
East West Petroleum to Acquire an Interest in Egypt
Egypt >> 12/6/2010 - East West Petroleum Corp. is pleased to announce that the Company has entered into an agreement to acquire a 20% working interest in a producing oil field (approximately 500bo/d) in Egypt from a priva...
Petronas & Basf Sign Mou to Explore Joint Investment
Malaysia >> 12/6/2010 - PETRONAS and BASF signed a Memorandum of Understanding (MoU) to undertake a joint feasibility study to produce specialty chemicals in Malaysia, a move that would extend the two parties’ existing busin...
Indonesia Awards Three Oil, Gas Blocks to Investors
Indonesia >> 12/6/2010 - Indonesia has awarded three oil and gas blocks to several local and foreign firms including Lundin Petroleum and Salamander Energy , the energy and mineral resources ministry said. ...
India & Kazakhstan Agree to Expedite Satpayev Block
Kazakhstan >> 12/6/2010 - The 8th meeting of the India-Kazakhstan Inter-Governmental Commission (IGC) on Trade, Economic, Scientific, Technological, Industrial and Cultural cooperation was held in New Delhi. ...
Prospex to Sell Mineral Rights in Alberta
Canada >> 12/6/2010 - Junior oil and gas company ProspEx Resources Ltd said it agreed to sell certain undeveloped mineral rights in Alberta to a private company for C$8.1 million in cash, to focus on development of its liq...
Farm-Out of Fulla Exploration Well, West of Shetlands
Scotland >> 12/6/2010 - Faroe Petroleum plc, 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 ann...
Shell to Sell Gulf of Mexico Fields to W&T Offshore
United States >> 12/4/2010 - Shell announced that it has agreed to sell its interest in six Gulf of Mexico oil and gas fields to W & T Energy VI, LLC, a wholly owned subsidiary of W&T Offshore Inc., for $450 million, with an effe...
RWE Sells Thyssengas to Macquarie
Germany >> 12/3/2010 - RWE AG has sold its German supra-regional gas transmission network – which is comprised in Thyssengas GmbH – to infrastructure fonds managed by Macquarie Infrastructure and Real Assets (Europe) Ltd.. ...
Providence Increases Interest in Barryroe Discovery
Ireland >> 12/3/2010 - Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), is pleased to announce that it has increased its equity...
Indonesia Signs Exxon as a Partner on Natuna Field
Indonesia >> 12/3/2010 - Indonesian state oil and gas firm PT Pertamina said it had signed an agreement with Exxon Mobil to make it a partner in the development of the huge Natuna gas field, and was still talking to other pot...
Twin Butte Energy Ltd. Closes Oil Acquisition
Canada >> 12/2/2010 - Twin Butte Energy Ltd. is pleased to announce that the previously announced (November 25, 2010) purchase of conventional heavy oil producing assets primarily in the Frog Lake area of North Eastern Alb...
Statoil Awarded Licences Offshore Canada
Canada >> 12/2/2010 - Statoil has been awarded interests in four new licences offshore Canada. The new acreage underlines the company's ambitions in the area. ...
Bashneft Wins Trebs and Titov Oil Fields
Russia >> 12/2/2010 - Russian mid-size oil producer Bashneft (BANE.RTS) has won the licence to develop Russia's giant Trebs and Titov oil fields in the Arctic, Interfax reported on Thursday. ...
Antero Announces Marcellus Shale Acquisition
United States >> 12/2/2010 - Antero Resources announced that it has acquired Bluestone Energy Partners, a privately held West Virginia natural gas producer. The Bluestone assets include producing properties with 19 MMcfd of gross...
Kodiak Completes Williston Basin Acquisition
United States >> 12/1/2010 - Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana, announced that it closed the previously announced acquisition ...
Roxi Petroleum Provides Operational & Business Update
Kazakhstan >> 12/1/2010 - Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, announces the following operations and business update: ...
E.ON Sells Gazprom Stake
Russia >> 12/1/2010 - E.ON has sold the 3.5 percent stake in Gazprom held by its subsidiary E.ON Ruhrgas. E.ON reached an agreement to sell a 2.7 percent Gazprom stake to Vnesheconombank (VEB), Russia’s state-owned investm...
Sale of Minnesota Downstream Assets Transaction Close
United States >> 12/1/2010 - Marathon Oil Corporation announced that its wholly owned subsidiary Marathon Petroleum Company LP (MPC) has closed the transaction with ACON Investments, LLC (ACON) and TPG Capital (TPG) for the sale...

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