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Acquisitions and Divestitures News

Endeavour Completes the Sale of Cygnus
United States >> 10/19/2010 - Endeavour International Corporation announced it has closed on the sale of its Cygnus asset to Bayerngas UK Ltd., the UK oil and gas subsidiary of Bayerngas Norge AS, for a cash consideration of $110 ...
Sale of 75% Interest in Retention Lease R3
Australia >> 10/19/2010 - Tap Oil Limited is pleased to advise that it has agreed to sell its 75% interest in the R3 Retention Lease in the offshore Carnarvon Basin, Western Australia to Oil Basins Limited (OBL). The terms of ...
BP to Sell Venezuela & Vietnam Businesses to TNK-BP
Venezuela >> 10/18/2010 - BP announced that it has reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for a total of $1.8 billion. TNK-BP, Russia's third largest oil c...
Ophir Energy Acquires Interest on Senegalese Licenses
Senegal >> 10/18/2010 - Ophir announced that a Heads of Agreement has been entered into with ASX-listed FAR Limited (FAR). The Agreement enables FAR to immediately acquire a 10% interest in the AGC Profond PSC offshore Seneg...
Apache to Operate Permian Yeso Oil Play Acreage
United States >> 10/15/2010 - Apache Corporation announced that a subsidiary's settlement of a dispute concerning preferential rights to purchase interests in the Yeso oil play in Eddy County, N.M., will enable Apache to operate t...
Genel Sells Stake in Iraq Oilfields to UI Energy
Iraq >> 10/15/2010 - Turkey’s Genel Energy International agreed to sell stakes in three oil fields in northern Iraq to UI Energy Corp. for $175 million. ...
MEO Receives US$39 mn Cash from Petrobras
Australia >> 10/15/2010 - MEO Australia Limited is very pleased to confirm receipt of approximately US$39 million cash consideration from Petrobras in relation to the WA-360-P farm-in. The cash consideration incorporates appro...
Kea Awarded Exploration Permit PEP 52333
New Zealand >> 10/14/2010 - Kea Petroleum plc is pleased to announce that the New Zealand Minister of Energy has granted to Kea Oil and Gas Limited, a wholly owned subsidiary of KEA, a 100% interest in Petroleum Exploration Perm...
Petrolatina Losses Colombian Oil and Gas Block
Colombia >> 10/14/2010 - PetroLatina, the independent oil and gas exploration, development and production company focused on Latin America, announces that Colombia's hydrocarbon regulatory agency (the Agencia Nacional de ...
Apache Completes Acquisition of BP Canada Assets
Canada >> 10/13/2010 - Apache Corporation announced that its subsidiary has completed its acquisition of substantially all of BP's upstream natural gas business in western Alberta and British Columbia. The transaction is th...
Gran Tierra Provides Operational Updates on Brazil
Brazil >> 10/7/2010 - Gran Tierra Energy Inc, a company focused on oil and gas exploration and production in South America, announced an operations update for Brazil. ...
Westlake Chemical Acquires 50% of Cypress Pipeline
Georgia >> 10/4/2010 - Westlake Chemical Corporation announced that, pursuant to a long term contract right held by Westlake, it has purchased a 50% equity interest in Cypress Interstate Pipeline, LLC from Kinder Morgan Ene...
Libya Says Chevron and Occidental Exit Licences
Libya >> 10/2/2010 - Chevron and Occidental have not extended their five-year oil and gas licences in Libya, a senior executive with Libya's NOC state energy firm told Reuters. Other companies whose licences were not exte...
Total Acquires Interest in The Sebuku License
Indonesia >> 9/30/2010 - Total announces the signature of an agreement with Pearl Oil (Sebuku) Ltd (“Pearl”), a subsidiary of Mubadala Development Company PJSC, to acquire a 15% interest in the Sebuku license, in which the Ru...
BG Group Agrees to Sell its Interests
Philippines >> 9/29/2010 - BG Group announced that it has signed a Sale and Purchase Agreement (SPA) with Korea Electric Power Corporation for the sale of the Group’s 40% interests in both the Santa Rita and San Lorenzo power...
Centric Completes Agreements with Tullow
Kenya >> 9/28/2010 - Centric Energy Corp. announces that Centric and Tullow Oil PLC have executed the definitive farm-in and joint operating agreements whereby Tullow will farm-in to a 50 per cent participating interest i...
Sasol Signs an EPC for concession Area A
Mozambique >> 9/22/2010 - Sasol, through Sasol Petroleum International (Pty) Limited (SPI) the wholly owned upstream oil and gas subsidiary of Sasol Limited announced that it has signed an agreement to explore for gas in conce...
Gran to Expand Exploration Portfolio in Peru
Peru >> 9/20/2010 - Gran Tierra Energy Inc, a company focused on oil and gas exploration and production in South America, announced it has entered into an agreement to farm into 3 blocks operated by Burlington Resources ...
Cooper Energy Farms out 15% of the Bargou Permit
Tunisia >> 9/17/2010 - Cooper Energy is pleased to announce that the Company has farmed out 15% of the Bargou Permit in Tunisia to Jacka Resources Limited. Jacka will pay a proportion of back costs and a promote on the dril...
BP Acquires Interest in Block 42/05 South China Sea
China >> 9/13/2010 - BP announced that its acquisition of an interest in block 42/05 in the South China Sea’s Pearl River Mouth Basin has been approved by the Chinese Government. BP has acquired a 40.82 per cent interest ...

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