Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

Salamander Satisfy SONA Condition Ready for Acquisition by Ophir
Thailand >> 1/19/2015 - The boards of Salamander Energy plc and Ophir Energy plc announced on 24 November 2014 the terms of a recommended acquisition by Ophir of the entire issued and to be issued share capital of Salamander...
Noreco and North Energy Agree Asset Transfer on PL484
Norway >> 1/19/2015 - Norwegian Energy Company ASA (Noreco) has agreed to transfer its 30 per cent ownership in PL484 in the Norwegian Sea to North Energy ASA (North). The transfer is subject to government approval. ...
ExxonMobil Signs PSC for Block EG-06
Equatorial Guinea >> 1/16/2015 - The Ministry of Mines, Industry and Energy is pleased to announce the signature of a new Production Sharing Contract (PSC) for Block EG-06, offshore Bioko Island, Republic of Equatorial Guinea. ...
Egypt: Signing Two New Agreements with $ 97m
Egypt: Signing Two New Agreements with $ 97m Egypt >> 1/16/2015 - Eng. Sherif Ismail, Minister of Petroleum signed two new agreements to explore for natural gas and oil in the Nile Delta region with the Emirati, Dana Gas Company and the British BP with minimum inves...
Metso to Sell its Process Automation Systems Business to Valmet
Finland >> 1/15/2015 - Metso Corporation and Valmet Corporation have entered into an agreement on the sale of Metso's Process Automation Systems (PAS) business to Valmet. The enterprise value of the transaction is EUR 340 m...
PA Resources Receives 2nd Licence Award in UK 28th Round
United Kingdom >> 1/15/2015 - PA Resources announces further success in the UKs 28th Seaward Licensing Round through the award of Block 21/24b to a group comprising of PA Resources (33.33 percent), First Oil and Gas (33.33 percen...
Egypt Signed 6 New Agreements with $485m
Egypt Signed 6 New Agreements with $485m Egypt >> 1/14/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources signed 6 new agreements for oil and gas exploration in the Western Desert, the Gulf of Suez and the Mediterranean Sea regions with the I...
Eni Signed Two Concession Agreements
Egypt >> 1/14/2015 - As a result of the EGAS 2013 bid round, Eni signed two concession agreements for the North Leil and Karawan blocks offshore Egypt. ...
Gazprom Neft Gains Two Licenses For Exploration on the Arctic Shelf
Russia >> 1/14/2015 - Gazpromneft Sakhalin (a subsidiary of Gazprom Neft) has been awarded subsoil-use rights to two licence blocks in the Russian Arctic the Severo-Zapadniy (North East) block, located on the Pechora Sea...
Transaction for the Sale of 50% Equity Interest in Pan Orient Delayed
Thailand >> 1/13/2015 - Pan Orient Energy Corp.announced it had entered into an agreement for the sale of a 50-per-cent equity interest in subsidiary Pan Orient Energy (Siam) Ltd. to a wholly owned subsidiary of Sea Oil Publ...
Newfield Retains China Assets After oil Drop Hits Sale Process
China >> 1/13/2015 - Oil and gas producer Newfield Exploration said it would retain its assets in China, saying a slump in oil prices had created 'headwinds' in the sale process. The company said in early 2013 that it pla...
KrisEnergy Completes Block A Aceh Acquisition
Indonesia >> 1/12/2015 - KrisEnergy Ltd., an independent upstream oil and gas company, refers to the announcement dated 1 July 2014 in relation to the acquisition of Premier Oil Sumatra (North) B.V. (which holds 41.6666% work...
Sumatec Cuts Offer Price for Kazakh Oilfield
Kazakhstan >> 1/10/2015 - Sumatec Resources has reduced its offer price to acquire an oilfield in Kazakhstan to US$290million (RM1.015bil), citing the sharp drop in crude oil prices. 'Despite the decline in oil prices, the boa...
Eni Signs Agreement for New Exploration Block
Eni Signs Agreement for New Exploration Block Egypt >> 1/9/2015 - Eni signed a new Concession Agreement to operate in the South-West Melehia block in the Western Desert of Egypt, following the Egyptian General Petroleum Corporation (EGPC) 2013 international competit...
Global Provides Termination of Farm-out Agreements for Bolivar and Bocachico Association Areas
Colombia >> 1/8/2015 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, announces that the Company has been informed that the wh...
Proposed Sale of the Galaz Contract Area
Kazakhstan >> 1/8/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of the Galaz Contract Area in which it holds an interest of 34.22 per cent. ...
Tethys Extends Akkulka Exploration Contract by 4 Years
Kazakhstan >> 1/6/2015 - Tethys Petroleum Limited announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP ("TAG"), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the A...
Strategic Review and SinoHan Transaction Update
Kazakhstan >> 1/5/2015 - Tethys Petroleum Limited provides further details of the previously-announced strategic review, and a SinoHan Oil and Gas Investment Number 6 B.V. (SinoHan) transaction update, to shareholders. ...
Cameron Sells Centrifugal Compression Business for $850m
United States >> 1/5/2015 - Cameron has completed the previously announced sale of its Centrifugal Compression business to Ingersoll Rand for cash consideration of approximately $850 million and after-tax proceeds of approximate...
Eco Atlantic Farms out Licenses Offshore Namibia
Namibia >> 1/5/2015 - Eco (Atlantic) Oil & Gas Ltd. (Eco Atlantic) is pleased to announce that the Company has taken strategic actions to decrease its near to mid-term financial obligations by farming out part of its offsh...

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.