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Acquisitions and Divestitures News

Total Acquire 60% Interest in Block III
Congo, Democratic Republic (Zaire) >> 3/4/2011 - The board of DIG OIL sprl is pleased to announce that one of its subsidiaries, Semliki Energy SPRL, a company incorporated in the Democratic Republic of Congo, has concluded a farm in agreement with T...
Infrastrata Awarded Licence PL1/10 in Ireland
Ireland >> 3/4/2011 - InfraStrata is pleased to announce that further to its announcement on 19 November 2010, the Company has been formally awarded a petroleum exploration licence PL1/10 (Central Larne - Lough Neagh Basin...
Oselvar and Enoch Divestment Update
Norway >> 3/3/2011 - Norwegian Energy Company (Noreco) in September 2010 announced an agreement to sell its shares in the Oselvar and Enoch fields in Norway to Marubeni Corporation. The parties have now been informed that...
Canamens BNG Funding Announcement
Kazakhstan >> 3/3/2011 - Canamens has informed Roxi Petroleum that it will not make the final payments of, in aggregate, $11,975,926 due under the second stage of the sale and purchase agreement in connection with BNG Ltd llp...
Receiving Approval for Farm Out of Blocks 120 & 105
Vietnam >> 3/2/2011 - Neon Energy is pleased to confirm that it has received confirmation from Petrovietnam that the assignments to KrisEnergy Ltd in Block 120 and Block 105-110/04 (Block 105) are approved by the Vietnames...
Total Enters into Strategic Partnership with Novatek
Russia >> 3/2/2011 - Christophe de Margerie, Total’s Chairman and Chief Executive Officer, was invited to meet the Russia’s President Dmitry Medvedev this afternoon in Moscow. It gave them the opportunity to review the ov...
Blue Energy Grants KOGAS Extension of Farm-In Option
Australia >> 3/1/2011 - Blue Energy Limited advises that it has agreed to a request from Korea Gas Corporation (KOGAS) to further extend the expiry date on its farm-in option over ATP813P (Galilee Basin) and ATP814P (Bowen B...
WHL Energy Acquires Seychelles Oil and Gas Interests
Seychelles >> 3/1/2011 - Australian energy company WHL Energy Limited is pleased to announce that it has secured rights to a minimum of 96% of 20,700 square kilometres of highly prospective oil and gas exploration interests i...
Iranian Consortium to Develop Darkhovin Field Phase 3
Iran >> 3/1/2011 - ‘A contract to develop Darkhovain oil field’s third phase will be signed in next two months,' managing director of the Petroleum Engineering and Development Company (PEDEC) Naji Sadouni said. ...
Statoil and ExxonMobil Together on the Faroes
Faroe Islands >> 3/1/2011 - ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% intere...
Canacol Signs 3 New E&P Contracts in Colombia
Colombia >> 3/1/2011 - Canacol Energy Ltd. is pleased to announce it has signed three new Exploration and Production (E&P) Contracts with the Agencia Nacional de Hidrocarburos (ANH) of Colombia. The Sangretoro E&P contract ...
Spring Acquired Marathon Interest in License 438
Norway >> 2/28/2011 - Spring Energy has agreed to acquire Marathon Petroleum Norge AS' 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled t...
Range Resources to Sell Barnett Shale Properties
United States >> 2/28/2011 - RANGE RESOURCES CORPORATION announced that it has signed a definitive agreement with a private company to sell its Barnett Shale properties in the Fort Worth Basin for a purchase price of $900 million...
Concho Resources to Sell its Bakken Assets for $196m
United States >> 2/28/2011 - Concho Resources Inc. announced that it has signed a definitive agreement with Linn Energy to sell its North Dakota Bakken assets for $196 million. The sale is expected to close by the end of the firs...
Endeavour International Closes Bacchus Transaction
United Kingdom >> 2/24/2011 - Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% wo...
ATP is Acquiring Five Licences in Offshore Israel
Israel >> 2/24/2011 - ATP Oil & Gas Corp is expanding its deepwater operating and infrastructure expertise to offshore Israel. Subject to approval of the Ministry of National Infrastructures (MNI), ATP has signed agreement...
Ratification Completed for Block SL-03
Sierra Leone >> 2/24/2011 - West African focused oil and gas company, African Petroleum Corporation Limited (“African Petroleum” or the “Company”), is pleased to announce that the Company’s award of block SL-03, offshore Sierra ...
Aminex Gets Government Approval for Tanzanian Farm-In
Tanzania >> 2/24/2011 - Aminex PLC announces that it has received formal approval from the Tanzanian Ministry of Energy and Minerals to acquire an additional 15% working interest from Key Petroleum Ltd. in the Nyuni East Son...
CNPC, Kazmunaigas Inked Agreement for Urikhtau Field
Kazakhstan >> 2/23/2011 - On February 22, witnessed by Chinese President Hu Jintao and Kazakh President Nursultan Nazarbayev. CNPC inked an agreement in principal with KazMunayGas on the cooperation project at Urikhtau in Kaza...
Negotiations for Kenya Blocks L10A and L10B
Kenya >> 2/23/2011 - Pancontinental Oil & Gas NL is very pleased to announce that, together with three co-applicants and led by BG Group plc, it is in negotiations for the award of oil and gas exploration and production l...

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