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Acquisitions and Divestitures News

Great Interest in the 21st Licensing Round
Norway >> 11/4/2010 - When the application deadline for the 21st licensing round on the Norwegian shelf expired on 3 November, 37 companies had submitted applications. ...
Murphy Acquires Interest in Central Dohuk Block
Iraq >> 11/4/2010 - Murphy Oil Corporation announced that its wholly owned subsidiary, Murphy Central Dohuk Oil Co., Ltd., has finalized an agreement with the Kurdistan Regional Government-Iraq (KRG) to acquire an intere...
Apache Completes Acquisition Assets in Western Desert
Egypt >> 11/4/2010 - Apache Corporation announced that a subsidiary has completed its acquisition of BP's oil and gas operations, acreage and infrastructure in Egypt's Western Desert. The transaction marks the final step ...
Shell to sell Gulf of Mexico fields to W&T Offshore
United States >> 11/4/2010 - 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...
Egyptian Authorities Approved Deed of Assignment
Egypt >> 11/4/2010 - Groundstar Resources Limited is pleased to announce that the Egyptian Ministry of Petroleum has approved the deed of assignment, which transfers a 60% net interest in the West Kom Ombo block to Aegean...
Ascent Completes Sale of Gorbehaza-1 Discovery
Hungary >> 11/4/2010 - Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has completed the sale of its 20.167% interest in the western part of the Nyirseg Szatmar permits in Hungary, known...
Santos Acquires Additional Interests in Bangladesh
Bangladesh >> 11/4/2010 - Santos announced a further step in its focused Asian growth strategy with the execution of a sale and purchase agreement with Cairn Energy Plc for the acquisition of Cairn’s interests in Bangladesh. ...
BP Awarded Seven Exploration Licences in North Sea
United Kingdom >> 11/3/2010 - BP confirmed that it has been awarded licence interests in seven offshore exploration blocks in the UK’s 26th Seaward Licencing Round. The awards – five blocks operated by BP and two blocks operated b...
New Acreage in The Norwegian and Barents Seas
Norway >> 11/3/2010 - Statoil has submitted an application for new production licences in the Barents Sea and the Norwegian Sea in the 21st licensing round on the Norwegian continental shelf (NCS). The application deadline...
Niger Looking for Investors for 30 Oil Blocks
Niger >> 11/3/2010 - Niger is looking for investors for 30 open oil blocks in the western African country but may not be able to hold an official auction until a new government is in place, a government official said . ...
Goldnev Announces Farm-in Agreement in Pasquia Hills
Canada >> 11/3/2010 - Goldnev Resources Inc. is pleased to announce that it has entered an agreement with Oilshale International Corp., a private Alberta company (“OSIC”) to invest through a farm-in agreement, a total of $...
Adnoc Seeks Partners to Develop Shah Gas Project
United Arab Emirates >> 11/2/2010 - Abu Dhabi National Oil Company (ADNOC) is holding talks with one or more partners to develop the $10 billion Shah gas project after U.S. major ConocoPhillips withdrew, the head of an ADNOC unit said. ...
Melrose Resources Cessation of Farm-in Agreement
Romania >> 11/1/2010 - Melrose Resources plc, the oil and gas exploration, development and production company, was notified by Sterling Resources Limited that Sterling has withdrawn the request previously made to the Romani...
Exxon and Total Seeking Exit from Angola Block 31
Angola >> 11/1/2010 - Indian state-run explorer Oil and Natural Gas Corp is examining a proposal to buy U.S. energy major Exxon Mobil's holding in an oil block in Angola, a top official said. ...
Statoil was Awarded Three Exploration Licenses
United Kingdom >> 11/1/2010 - Statoil was awarded one licence which covers parts of blocks 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and two licences near the Faroe border. ...
Miller Energy Resources Secures Exploration License
United States >> 11/1/2010 - Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") a high growth oil and natural gas exploration, production and drilling company announced that its wholly owned subsidiary Cook Inlet Ener...
Lufkin Acquisition of Petro Hydraulic Lift Systems
United States >> 11/1/2010 - Lufkin Industries, Inc.announced that it has acquired the operating assets of Petro Hydraulic Lift Systems, LLC (PHL) and certain related companies. PHL, based in South Louisiana, specializes in the d...
KKR Natural Resources Closes Oil and Gas Investment
United States >> 11/1/2010 - Kohlberg Kravis and Roberts Co.announced that KKR has acquired certain oil and gas assets in southeast Texas in two related acquisitions. The transactions, together valued at $40 million, are the firs...
Energen to Purchase Additional Wolfberry Acreage
United States >> 11/1/2010 - Energen Resources Corporation, the oil and gas exploration and production subsidiary of Energen Corporation, has signed a Purchase and Sale Agreement with a private seller to acquire 10,360 net Wolfbe...
Sudan May Offer Equity Stakes to Indian Oil Firms
Sudan >> 10/30/2010 - Sudan may offer equity stakes to Indian oil firms in its four exploration blocks, the country's energy minister Lual A Deng said. ...

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