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Acquisitions and Divestitures News

JV Submits Request to ANP to Terminate the PSC off NW Australia
Australia >> 5/12/2015 - Oilex Limited, in its capacity as Operator, on behalf of the Joint Venture Participants in the Joint Petroleum Development Area (JPDA) 06-103 Production Sharing Contract (PSC), submitted a request to ...
MEO Australia Receives Approval for 6 Month Extension to NT/P68 Permit
Australia >> 5/12/2015 - MEO Australia Limited advises that the National Offshore Petroleum Titles Administrator (NOPTA) has approved a six month suspension and extension to the current Permit ear5 of NT/P68. ...
AziNam Received Government Approval of Operator Status
Namibia >> 5/12/2015 - AziNam Ltd has received government approval for it to assume operatorship of Petroleum Exploration Licence (“PEL”) 34, offshore Namibia, and that it has also opened its office in Windhoek, the capital...
Incremental to Buy Silver Tip Field
United States >> 5/12/2015 - Incremental Oil and Gas is pleased to advise that it has entered into a Purchase and Sale Agreement (PSA) with Fidelity Exploration & Production Company to acquire a 100% working interest in the Silve...
Sound Oil Negotiating Farm in to Tendrara Licence
Morocco >> 5/11/2015 - Sound Oil has declared that it has been granted a 30 day period of exclusivity from the Moroccan Oil and Gas Investment Fund ('OGIF') in relation to a potential farm in to the Tendrara licence, onshor...
AziPac Acquires 50% Participating Interest in North Madura PSC
Indonesia >> 5/11/2015 - AziPac Limited (AziPac), the Seacrest Capital Group backed E&P company focussed on offshore exploration in the Asia Pacific region, is pleased to announce the acquisition of a 50% interest in the Nor...
Atlantic Signed Sale & Purchase Agreement of Pegasus Discovery
United Kingdom >> 5/7/2015 - Atlantic Petroleum announces that its subsidiary Atlantic Petroleum UK Limited has signed a sale and purchase agreement with Third Energy Offshore Limited for the sale of Atlantic Petroleum’s interest...
Sterling Provides Update on Ampasindava Block
Madagascar >> 5/7/2015 - Sterling Energy Plc, the AIM listed oil and gas exploration company, provides the following update for the Ampasindava block, offshore Madagascar. ...
Bowing to UK Pressure, Russian tycoon to Launch Sales of North Sea Assets
Norway >> 5/6/2015 - Mikhail Fridman's LetterOne fund is set to formally launch the sale of North Sea gas fields it had acquired from RWE, bowing to British threats to revoke the assets' licences unless the Russian tycoon...
Anadarko Not in Talks to Sell Mozambique Assets
Mozambique >> 5/5/2015 - Anadarko Petroleum Corp is not in talks to sell its multibillion-dollar stake in Mozambique's gas reserves and instead is working toward a final investment decision on the planned liquefied natural ga...
New Projects Kick Off In Fars
Iran >> 5/5/2015 - Iranian president Hassan Rouhani inaugurated two large projects via video conference and ordered implementation of 5 more large projects, during his last week’s visit to Fars province. ...
ALFA and Harbour Energy to buy Pacific Rubiales
United States >> 5/5/2015 - Pacific Rubiales Energy Corp has entered into exclusive discussions in respect of an offer from ALFA, S.A.B. de C.V. and Harbour Energy Ltd., whereby they would acquire all of the issued and outstand...
TANAP to Hold Talks with Foreign Companies on Partnerships
Azerbaijan >> 5/4/2015 - Turkey and its partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold talks with "one or two" foreign companies for possible partnerships, Turkey's Energy Minister said. ...
SOCAR Takesover the Operatorship of AGSC & SCPC
SOCAR Takesover the Operatorship of AGSC & SCPC Azerbaijan >> 5/1/2015 - Following the completion of transaction between Norwegian Oil and Gas company Statoil and Malaysian Oil and Gas company Petronas regarding the sale of Statoil’s 15.5% participating interest in the Sha...
Completion of Range Resources Drilling Services Limited Sale
United States >> 5/1/2015 - Further to the Company’s announcement on 13 April 2015, Range is pleased to advise that the sale of Range Resources Drilling Services Limited (RRDSL) to LandOcean Energy Services Co. Ltd., (LandOcean)...
Brownstone Energy Closed Sale of Colorado Assets
United States >> 5/1/2015 - Brownstone Energy Inc. has closed the previously announced sale of its oil and gas property interests located in Carfield County and Rio Blanco County, Colorado, pursuant to an agreement dated March 1...
Statoil Completes Sale of 15.5% Share in Shah Deniz to Petronas
Azerbaijan >> 4/30/2015 - Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. ...
Energy Ministry Terminates Block VIb PSC in Georgia
Georgia >> 4/30/2015 - Australia's Red Emperor Resources NL referred to its announcement April 14 and provided the following update with respect to its Georgian Project. ...
Extension to the Completion Date of the Galaz Sale
Kazakhstan >> 4/30/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update investors in connection with the previously announced disposal of its interests in the Galaz Contract Area,...
Range Resources Terminates the Georgian Project Contract
Georgia >> 4/29/2015 - The Ministry of Energy of Georgia has formally notified the Operator of the Georgian project, Strait Oil & Gas (SOG in which Range holds a 45% interest) that the Production Sharing Contract (PSC) over...

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