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Acquisitions and Divestitures News

Hydrocarb Confirms Interest in JV for Owambo Basin Acreage
Namibia >> 11/19/2014 - Hydrocarb Energy Corporation confirmed ongoing discussions with several international energy firms expressing interest in the company’s Owambo Basin Concession in Namibia. Hydrocarb has executed three...
Rampart Acquires Majority Stake in WA-507-P Permit
Australia >> 11/18/2014 - Australian company Rampart Energy has secured the rights to an 80% working interest, as Operator, in the newly released exploration permit WA- 507-P, located within the prolific Northern Carnarvon Bas...
HIREX Signs Binding Agreements For 20% Stake in Australia
Australia >> 11/18/2014 - The Board of Directors of Rex International Holding Limited wishes to announce that following the receipt of approvals from the Foreign Investment Review Board and the National Offshore Petroleum Titl...
Rex International acquires stake in VIC/P57
Australia >> 11/18/2014 - Rex International has received approval for the exercise of the option to acquire a 20 per cent interest in VIC/P57 from 3D Oil by a wholly-owned subsidiary of HIREX. The binding agreements accord an...
CorEnergy to Acquire MoGas Pipeline for $125 Million
United States >> 11/17/2014 - CorEnergy Infrastructure Trust, Inc. (CorEnergy) announced that it has entered into a definitive agreement to acquire the ownership and operations of the MoGas Pipeline System for $125 million in cash...
Forest Oil Announces Agreement to Sell Arkoma Basin
United States >> 11/17/2014 - Forest Oil Corporation (Forest or the Company) announced that it has entered into a definitive agreement to sell its natural gas properties located in the Arkoma Basin for after-tax cash proceeds of a...
Statoil to Withdraw from PetroFrontier's Georgina Permits
Australia >> 11/14/2014 - Baraka Energy & Resources has advised that Statoil Australia Theta has informed Baraka that it has concluded the drilling and testing campaign on the Company’s permits, EP127 and EP128 in the Georgina...
Altona Energy Signs Agreement on the Arckaringa JV
Australia >> 11/14/2014 - AIM-listed Altona Energy has announced that Altona, Sino-Aus Energy Group and Wintask Group (together the 'JV Partners') have signed an agreement in respect of the terms of the Arckaringa project join...
Genel Acquires 36% Stake in Bina Bawi from OMV
Genel Acquires 36% Stake in Bina Bawi from OMV Iraq >> 11/13/2014 - Genel Energy plc is pleased to announce that it has reached an agreement with the Ministry of Natural Resources (MNR) of the Kurdistan Regional Government (“KRG”) for the development of the Miran and ...
Partial Disposal of Kiliwani North Development Licence
Tanzania >> 11/12/2014 - Following Aminex’s announcement on 14 October 2014 that it had signed binding, conditional heads of terms with Solo Oil PLC (Solo) for the sale to Solo of up to 13% of in the Kiliwani North Developmen...
Petrobras Completes Sale of Assets in Peru to CNPC
Peru >> 11/12/2014 - Petrobras completed the sale of 100% of the shares of its wholly-owned subsidiary Petrobras Energia Peru (PEP) to the China National Petroleum Corporation (CNPC), for the sum of US$2.6 billion. The sa...
Transferring of a 51% Working Interest of East Jabung PSC
Indonesia >> 11/11/2014 - The transaction is subject only to Government of Indonesia approval and is anticipated to close upon the receipt of this approval, anticipated approximately March 2015. ...
Re-Assignment of Interests in Block 12B, Kenya
Kenya >> 11/10/2014 - Swala Energy Limited (Swala) is pleased to provide an update following further developments in relation to Block 12B in Kenya. Swala advised the farm out of 25% of the participating interest in Block ...
Rosneft & CNPC Signed a Framework Agreement
Russia >> 11/9/2014 - Rosneft and China National Oil & Gas Exploration and Development Corporation (CNPC subsidiary) have signed a framework agreement envisaging the purchase of a 10% share stake in ZAO Vankorneft. The doc...
Faroe Awarded 2 New Exploration Licences on the UK Continental Shelf
United Kingdom >> 11/7/2014 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...
6 New Licences Awarded to Parkmead in UK 28th Licensing Round
United Kingdom >> 11/7/2014 - Parkmead has been provisionally awarded six new licences covering a total of nine offshore blocks in the UK 28th Licensing Round, as announced by the Energy Minister. These newly awarded licences are ...
CNR Awarded 11 Licences in the UK's 28th Offshore Licensing Round
United Kingdom >> 11/7/2014 - Cluff Natural Resources Plc has provisionally been awarded eleven promote licences by the Department of Energy and Climate Change (DECC) on the UK Continental Shelf in the UK's 28th Offshore Licensing...
UKCS 28th Offshore Licensing Round Awards
United Kingdom >> 11/7/2014 - MPX North Sea Limited is very pleased to have been offered four Promote Licences in the 28th Offshore Licensing Round, as announced by the DECC on 6th November 2014. ...
ONGC Videsh Eyes Stake in Tullow Oil's Africa Assets
Ghana >> 11/6/2014 - ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, is looking to buy a stake in the assets of Africa-focused exploration company Tullow Oil Plc, a source with direct knowledge of ma...
Statoil Strengthens Position on UK Continental Shelf
United Kingdom >> 11/6/2014 - Statoil was awarded interests in 12 new licences, 9 as operator, in the 28th licensing round on the UK continental shelf, announced by the Department of Energy and Climate Change. ...

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