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Acquisitions and Divestitures News

Subsea 7 Announces $55m Contract in the North Sea
Denmark >> 11/10/2010 - Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, announces the award of a contract in the Danish sector of the North Sea valued in excess of US $55 million. ...
EnQuest Acquisition of Stratic Energy Corporation
United Kingdom >> 11/8/2010 - EnQuest announced on 3 August 2010 that as part of the transaction EnQuest is refinancing Stratic’s US$74.7 million net debt (as at 30 June 2010). ...
Suroco Acquires an Interest in Llanos 33 Block
Colombia >> 11/8/2010 - Suroco Energy Inc. is pleased to announce that it exercised its option to acquire a 28% undivided working interest in the Llanos 33 Block in Colombia. The Corporation acquired the option from Thornelo...
Interoil Corporation Pricing of Public Offerings
Papua-New Guinea >> 11/5/2010 - InterOil Corporation announced the pricing of its previously announced public offerings of notes and common shares, consisting of an aggregate US$61 million principal amount of 2.75% convertible senio...
Cosmo Oil Gives Up on Qatar Block 11 Production
Qatar >> 11/5/2010 - Japan's Cosmo Oil Co Ltd said it has given up on commercial production from the Block 11 offshore oil field in OPEC producer Qatar and has booked a 3.5 billion yen ($43 million) special loss as a resu...
BHP May Eye Oil & Gas if Potash Bid Dies
Australia >> 11/5/2010 - BHP Billiton's blocked bid for Potash Corp has spurred talk that the miner will now focus on oil and gas targets such as Australia's Woodside Petroleum, but some analysts are sceptical. ...
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...
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. ...
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...
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...
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 ...
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. ...
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...
China's CNOOC Still Consulting on Kenya Block
Kenya >> 11/4/2010 - China's CNOOC has not yet made a formal application to withdraw from a second Kenya exploration licence, a senior official at the east African country's National Oil Corporation said. ...
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...
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 $...
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 . ...
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...
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. ...
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. ...

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