Acquisitions and Divestitures News

Petrominerales Announces Acquisition by Pacific
Brazil >> 9/29/2013 - Petrominerales announces we have entered into an agreement with Pacific Rubiales Energy Corp under which Pacific Rubiales will acquire all of the outstanding shares of Petrominerales by way of a plan ...
Sonde Announces Approval of Assignments Required for Viking Farm-Out
Tunisia >> 9/26/2013 - Sonde Resources Corp announced that Joint Oil’s Board of Directors and General Assembly have approved the Assignments and the Amendment to the Exploration and Production Sharing Agreement (“EPSA Amend...
Dart Energy Completes Transfer of PEL445
Australia >> 9/25/2013 - Dart Energy has advised that the transfer of Petroleum Exploration Licence 445 (PEL445) from Arrow Energy has been completed. PEL445 is a sizeable licence, covering 7,076km² of the Clarence-Moreton Ba...
ITOCHU to Participate in Exploration Project in Eastern Siberia
Russia >> 9/24/2013 - ITOCHU Corporation announced that both ITOCHU and INPEX CORPORATION submitted bids in response to the solicitation undertaken by Japan Oil, Gas and Metals National Corporation concerning the sale of s...
Petrel Strengthened Its Iraqi Position
Iraq >> 9/24/2013 - Petrel has strengthened its Iraqi investment and added another string to its Iraqi bow, by acquiring a 20 per cent shareholding in Amira Hydrocarbons Wasit B.V.(Amira). Amira, is the holder of a 25 p...
Bids on Chevron's Nigeria Oil Blocks Due Next Week
Nigeria >> 9/24/2013 - Chevron Corp will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters. ...
Bass Strait Enters into Gippsland Basin Collaboration Agreement
Australia >> 9/20/2013 - Bass Strait Oil Company Ltd announce it has entered into a Collaboration Agreement with HIREX Petroleum Sdn Bhd. (HIREX). HIREX has access to proprietary evaluation technology that it will use as a me...
JX Nippon Signs PSC with PETRONAS for Deepwater Block Offshore Malaysia
Malaysia >> 9/19/2013 - JX Nippon Oil & Gas Exploration Corporation (President: Mr. Shigeo Hirai) is pleased to announce that JX Nippon Oil & Gas Exploration Corporation has entered into a Production Sharing Contract (PSC) f...
Brazil Oil Sale Attracts Limited Interest
Brazil >> 9/19/2013 - Brazil's planned auction of its biggest-ever oil discovery attracted only a quarter of the interest expected by the government after many of the large, wealthy oil companies with experience in the reg...
Eni & SNPC to Jointly Explore the Ngolo Congolese Block
Congo >> 9/19/2013 - Eni and the Congolese state company Societe Nationale des Petroles du Congo (SNPC), will jointly explore the hydrocarbon potential of the Ngolo block, which is part of the Cuvette Basin. The block is ...
Geopark Signs 7 New Exploration Licenses in Brazil
Brazil >> 9/19/2013 - Further to its announcement of 15 May 2013, GeoPark Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and production in Chile, Colombia, Brazil an...
Gazprom to Acquire New Licenses in Tajikistan
Tajikistan >> 9/18/2013 - Gazprom's delegation including Alexey Miller, Chairman of the Gazprom Management Committee and Valery Gulev, Director General of Gazprom International paid a visit today to Tajikistan. ...
Tap Secures Option to Farm-in to Offshore Otway Basin
Australia >> 9/18/2013 - Tap Oil Limited is pleased to announce it has executed an agreement with WHL Energy Limited for an option to acquire an initial 10% interest in exploration permit Vic/P67 in the offshore Otway Basin. ...
CNOOC Signs PSC with Smart Oil
China >> 9/17/2013 - China National Offshore Oil Corporation (CNOOC) announced that it has signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. ...
Rialto Energy Signs MoU for New PSC for Block CI-202
Ivory Coast (Cote D'Ivoire) >> 9/16/2013 - Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd (Rialto CdI) has signed a Memorandum of Understanding (MoU) with the Cote d’Ivoire Ministry of Oil & Energy (the “Mi...
ONGC, Shell to Pre-Empt Block BC-10 Stake Sale
Brazil >> 9/13/2013 - Royal Dutch Shell and India's ONGC plan to exercise their pre-emption rights to buy a 35 percent stake in a Brazilian oil block that Brazil's Petrobras had planned to sell to China's Sinochem Group, t...
Petrobras Announces Asset Sale in Colombia
Colombia >> 9/13/2013 - Petrobras announces that its Board of Directors, in a meeting held, approved the sale of 100% of shares issued by Petrobras Colombia Limited (PEC) to Perenco for US$ 380 million. ...
Molopo Announces Agreement to Sell South African Assets
South Africa >> 9/13/2013 - Molopo Energy Limited is pleased to announce that it has reached an agreement with a South African?based party (the “Purchaser”) to divest its interests in its South African biogenic gas assets, which...
Sea Dragon Sold its Interest in KomOmbo Concession
Egypt >> 9/11/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") announces that it has entered into a share purchase agreement (the "Agreement") dated September 9, 2013 with a private company (the "Purchaser") ...
EnerGulf Retains Moyes & Co
Congo, Democratic Republic (Zaire) >> 9/11/2013 - EnerGulf Resources Inc is pleased to announce it has retained Moyes & Co (UK) Limited (“Moyes”) to assist in facilitating a transaction with a strategic co-venturer for the development of EnerGulf’s L...

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