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Acquisitions and Divestitures News

RWE Dea Farms Out Licence PL330 to Marathon & Lundin
Norway >> 5/25/2011 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered an agreement with Marathon Petroleum Norge AS and with Lundin Norway AS to farm-down a total of 60 perce...
Tullow to Acquire the Ghanaian Interests of EO Group
Ghana >> 5/26/2011 - Tullow Oil plc announces that it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cas...
Sidi Moktar Farm-in Agreement and Proposed Financing
Morocco >> 5/26/2011 - Longreach Oil and Gas, a Morocco focused oil & gas company, has announced that a formal agreement has been entered into between Longreach and Maghreb Petroleum Exploration (MPE) to farm-in for a 50% o...
Canacol Farms Into Andaquies and Coati E&P Contracts
Colombia >> 5/30/2011 - Canacol Energy Ltd. is pleased to announce that it has entered into a binding term sheet, subject to the finalization of definitive Farm-in and Joint Operating Agreements, with C&C Energia Ltd. (the ¨...
Total Farms into Exploration Agreement with CNOOC
Qatar >> 5/30/2011 - Total announced that it has signed an agreement with CNOOC Middle East (Qatar) Limited, a wholly-owned subsidiary of CNOOC International Limited, to acquire a 25% interest in Qatar’s Block BC (pre-Khu...
IPIC's Assets Grew 15 Pct in 2010
United Arab Emirates >> 5/30/2011 - Abu Dhabi's International Petroleum Investment Co (IPIC), which owns stakes in energy majors OMV and Cepsa, saw its assets rise 15 percent in 2010, the government fund said in a statement. ...
Salamander Farms Out Block 101-100/04 to JX-NOEX
Vietnam >> 5/31/2011 - Salamander Energy plc (Salamander) announces that it has executed an agreement to farm-out a 20% interest in Block 101-100/04, Offshore Northern Vietnam to JX Nippon Oil & Gas Exploration Corporation ...
Premier Signs Solan Field SPA with Chrysaor
United Kingdom >> 5/31/2011 - Premier is pleased to announce that it has signed the sale and purchase agreement (SPA) with Chrysaor to acquire equity in Licence P164 in order to participate in the development of the Solan field in...
Noble Energy Announces Exit from Ecuador
Ecuador >> 5/31/2011 - Noble Energy, Inc. announced that it has received compensation totaling $97 million for the transfer of its assets in Ecuador to various government-affiliated entities. Compensation was received for t...
Spring Energy Acquires 20% Working Interest in PL 490
Norway >> 6/1/2011 - Spring Energy is pleased to announce a farm-in transaction of a 20% working interest in PL 490 from Norwegian Energy Company ASA. The PL 490 license is located immediately to the West/North West of th...
Lundin Acquires New Malaysian Acreage & Operatorship
Malaysia >> 6/3/2011 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary, Lundin Malaysia B.V. has entered into an agreement with PETRONAS Carigali Sdn Bhd to farm-in to Block PM...
Linc Energy Acquires Significant Oil Producing Assets in Texas & Louisiana
United States >> 6/6/2011 - Linc Energy Ltd is pleased to announce that its wholly-owned subsidiary, Linc Gulf Coast Petroleum Inc., has acquired 14 producing oil fields (consisting of 156 leases covering approximately 13,400 ac...
Foster Receives National Award for Repsol Refinery
Spain >> 6/6/2011 - Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded the 2010 National Prize of Industrial Engineering by the Spanish National Society ...
Sound Oil Farms Into Montemarciano Permit
Italy >> 6/7/2011 - Sound Oil plc is pleased to announce that, through its majority held subsidiary Apennine Energy srl (Apennine), it has concluded a Farm-In Agreement with Servizi & Assistenza Ricerche Petrolifere spa ...
Canadian Overseas Petroleum Increases Interest in UKCS Block 23/21
United Kingdom >> 6/7/2011 - Canadian Overseas Petroleum Limited (COPL), through its wholly owned subsidiary, Canadian Overseas Petroleum (UK) Limited, has signed a farm-in agreement with SSE E&P UK Limited (SSE) whereby COPL wil...
Americas Petrogas Increases Interests in Los Toldos, Totoral, Yerba Buena and Baja Colorada
Argentina >> 6/7/2011 - Americas Petrogas Inc. announces that it has entered into agreements with Ingenieria Alpa SA (Alpa) to acquire Alpa’s 33% working interest in Los Toldos I, II, III and IV as well as Alpa’s 19% working...
Statoil Farms Into Nexen's Kakuna Prospect in GOM
United States >> 6/8/2011 - Statoil Gulf of Mexico LLC (Statoil) has farmed into the “Kakuna” prospect located approximately 180 miles southwest of New Orleans in deepwater Gulf of Mexico. “Our agreement is with a subsidiary of ...
TransAtlantic Completes Acquisition of Thrace Basin Natural Gas
Turkey >> 6/8/2011 - TransAtlantic Petroleum Ltd. (TransAtlantic) is pleased to announce that it has closed on the previously announced acquisition of Thrace Basin Natural Gas (Turkiye) Corporation (TBNG). TransAtlantic W...
Noble Farms-In Agreement for AGC Profond Block
Senegal >> 6/8/2011 - Noble Energy, Inc. announced that it has joined a venture that is exploring the AGC Profond block located offshore Senegal and Guinea-Bissau in West Africa. The AGC Profond block, covering more than t...
Bridge Energy Completes PL554/554B Farm-Out to Total
Norway >> 6/8/2011 - On May 31st Bridge Energy Norge AS completed the agreement with Total E&P Norge AS for the farm-down of 40% working interest in production licences PL554 and PL554B on the Norwegian Continental Shelf....

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