Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

Taipan Resources Enters LOI to Acquire 50% in PEL's Block 2769-13 (Salam)
Pakistan >> 8/10/2015 - Taipan Resources Inc. has entered into a non-binding letter of intent dated July 29, 2015 (the "Letter of Intent") with Petroleum Exploration Limited ("PEL") to acquire a 50% interest in PEL's Block 2...
Oyster Issues Default Notice to Afren
Madagascar >> 8/10/2015 - Oyster Oil and Gas Ltd. on Friday 7th August notified Afren PLC of its failure to meet and maintain the financial obligations for its wholly owned subsidiary EAX Madagascar Limited ("EAX") and has iss...
Rockhopper Strikes Deal with $22m for Beach Energy Assets in Egypt
Rockhopper Strikes Deal with $22m for Beach Energy Assets in Egypt Egypt >> 8/10/2015 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, is pleased to announce ...
Shell to Sell Stake in Tongyi Lubricants to Huo’s Group & The Carlyle Group
China >> 8/7/2015 - Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016, subject to r...
ExxonMobil to Increase Position in Permian Basin
United States >> 8/6/2015 - Exxon Mobil Corporation has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin. The two agreements include an acquisition and farm-in adjo...
Petromanas Receives Notification of Successful Bid on Block 4
Albania >> 8/6/2015 - Petromanas Energy Inc is pleased to announce that the Albanian National Agency of Natural Resources ("AKBN") has advised that the Company, together with its joint venture partner Royal Dutch Shell, is...
Prumo Sells 20% of Brazil Acu Oil Terminal to Oiltanking
Brazil >> 8/6/2015 - Prumo Logistica SA agreed to sell 20 percent of its oil terminal at Brazil's Port of Açu to Germany's Oiltanking for $200 million, Prumo said. ...
Swala Needs FCC Approval to Complete Farm-out of Tanzanian Blocks
Tanzania >> 8/5/2015 - Swala Energy Limited (Swala) is pleased to advise that its subsidiary company Swala Oil and Gas (Tanzania) Plc (SOGTP) has received a no objection notice from the Tanzanian Ministry of Energy and Mine...
Otto Acquires Borealis Petroleum Pty Ltd
Otto Acquires Borealis Petroleum Pty Ltd Australia >> 8/5/2015 - Otto Energy Limited (Otto) has acquired 100% of the issued capital of Borealis Petroleum Pty Ltd (Borealis) to earn an interest, through staged capital injections, in a substantial acreage position on...
Hibiscus, Pacific Oil Awarded Concession Offshore Egypt
Hibiscus, Pacific Oil Awarded Concession Offshore Egypt Egypt >> 8/5/2015 - Hibiscus Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, Gulf Hibiscus Limited, has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub El-Wadi...
Australia's Origin Energy to Sell Contact Energy Stake
New Zealand >> 8/4/2015 - Australia's Origin Energy said it will sell its controlling interest in New Zealand electricity generator and retailer Contact Energy and use the proceeds to reduce debt. ...
BP to Relinquish Three Offshore Blocks in Uruguay
Uruguay >> 8/3/2015 - British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an official at Uruguay's state-owned oil c...
Egypt Awards 5 Oil And Gas Concessions Worth $100m
Egypt >> 8/3/2015 - Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million, the oil ministry said in a statement on Monday, as the country seeks to bo...
Papua LNG Project Operator Transition to Total Complete
Papua-New Guinea >> 8/3/2015 - Oil Search advises that Total E&P PNG Limited (Total) has become operator of the PRL 15 Joint Venture, including the Papua LNG Project, effective from 1 August 2015. This follows the unanimous vote by...
Otto Energy Farms Down 10% Interest in SC55 to Pryce Gases
Philippines >> 7/31/2015 - Otto Energy subsidiary, Otto Energy Philippines, has signed a farm-in option agreement with Pryce Gases to earn a 10% working interest in SC55, offshore the Philippines. Following this farm-in, Otto w...
BHOS Students Taking Internship at Neft Dashlari
Azerbaijan >> 7/31/2015 - BHOS 2nd and 3rd year students on petroleum engineering are taking internship at Neft Dashlari (Oil Rocks) Petroleum Extraction Department of Azneft Production Union in order to practice their theoret...
Savannah Signs R3/R4 PSC Signature
Niger >> 7/31/2015 - Savannah Petroleum is pleased to announce the signing of a Production Sharing Contract (“PSC”) by Savannah Petroleum Niger and the Government of Niger represented by the Ministry of Energy and Petrole...
SOCO Signs MoU for Blocks 125/126, Offshore Vietnam
Vietnam >> 7/30/2015 - On 29 July 2015, SOCO’s President and Chief Executive, Ed Story, attended a signing ceremony in Hanoi, Vietnam to sign a Memorandum of Understanding among SOCO, PetroVietnam and SOVICO Holdings regard...
Sterling Completes Acquisition of an Interest in Block C-3
Mauritania >> 7/30/2015 - Sterling Energy plc, the AIM listed upstream oil and gas company with interests in Africa, is pleased to announce that completion has now occurred under the sale and purchase agreement between its who...
Subsea 7 Awarded $500m BP Contract Offshore Egypt
Subsea 7 Awarded $500m BP Contract Offshore Egypt Egypt >> 7/30/2015 - Subsea 7 S.A. declared the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egy...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.