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Acquisitions and Divestitures News

Serica Receives Offshore Licence Award in UK 26 Round
United Kingdom >> 10/28/2010 - Serica Energy is pleased to announce that, in the 26th Round of UK Offshore Licensing, the Company has been awarded a Production Licence over Blocks 210/19a and 210/20a in the Northern North Sea (“NNS...
Maersk Oil was Awarded 10 UK Blocks
United Kingdom >> 10/27/2010 - Maersk Oil sees a strong future for its UK North Sea oil and gas business after the Department of Energy and Climate Change awarded it 10 blocks in the 26th Licensing Round. ...
Shell Sells Downstream Businesses in Finland & Sweden
Finland >> 10/27/2010 - Shell announced that it has agreed to sell the majority of its refining and marketing businesses in Finland and Sweden to Keele Oy. ...
First Exploration Licence in Northern Ireland
Ireland >> 10/26/2010 - 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 confirm that it has been offered a petrol...
Faroe Acquires 18.0% Interest in the Blane Oil Field
Norway >> 10/26/2010 - 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...
IPC Acquires Israeli Company Shaldieli
Israel >> 10/25/2010 - Israel Petroleum Company, Limited (IPC) is pleased to announce that it has signed an agreement to acquire the publicly listed Israeli company Shaldieli, Ltd. in a reverse takeover. IPC will place its ...
BP Sells Four Deepwater Gulf of Mexico Fields
United States >> 10/25/2010 - BP has reached agreement to sell its recently-acquired interests in four mature producing deepwater oil and gas fields in the US Gulf of Mexico to Marubeni Oil and Gas for $650 million. ...
MEO Completes Acquisition of 5% Interest in WA-360-P
Australia >> 10/22/2010 - MEO Australia Limited is pleased to advise completion of the final step in acquiring an additional 5% interest in WA-360-P with the payment of US$5.5 million to Rankin Trend Pty Ltd (a wholly owned su...
Total Acquires An Interest in CI-100
Ivory Coast (Cote D'Ivoire) >> 10/22/2010 - Total announces the signature of an agreement with Yam’s Petroleum to acquire a 60% interest in the CI-100 license. Through this agreement, Total becomes the project operator. Yam’s Petroleum retains ...
First Hydrocarbon Acquire an Interest in OML 26
Nigeria >> 10/21/2010 - First Hydrocarbon Nigeria, the indigenous Nigerian upstream oil and gas company in which Afren plc holds a 45% interest, has announced the reaching of Definitive Agreements with Shell Petroleum Devel...
CNOOC, GNPC Acquire Kosmos Ghana Assets
Ghana >> 10/21/2010 - Chinese oil giant CNOOC, chasing global energy assets to feed the country's rapid growth, has made a joint $5 billion bid with Ghana National Petroleum Corp for major fields in the West African state,...
Marathon Acquires Position in Four Blocks
Iraq >> 10/20/2010 - Marathon Oil Corporation announced that it has acquired a position in four exploration blocks in the Kurdistan Region of Iraq. The Company has signed production sharing contracts (PSCs) for operatorsh...
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 ...
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 ...
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...
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...
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...

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