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Acquisitions and Divestitures News

Clontarf Energy Provides Update on Ghana Legal Proceedings
Ghana >> 7/17/2014 - The board of Clontarf are pleased to report that an agreement has been reached with the Ghanaian authorities which clarifies the co-ordinates of the signed Petroleum Agreement on a licence Block in th...
Rawson Resources Provides Otway Basin Update
Australia >> 7/15/2014 - Rawson Resources Limited wishes to advise we have met our first farm-out milestone and have closed our data room for our two Otway Basin exploration licences: PEL 154 and PEL 155. ...
Update on Petrofac Strategic Alliance Agreement
Cameroon >> 7/15/2014 - Bowleven has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm out transaction ann...
African Petroleum Farms out Block CI-509 Interest to Buried Hill
Ivory Coast (Cote D'Ivoire) >> 7/14/2014 - African Petroleum Corporation is pleased to announce that it has entered into an agreement with Buried Hill Africa Limited (Buried Hill) to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoi...
Rosneft & HRT Received ANP Approval for Projects Transaction
Brazil >> 7/14/2014 - Rosneft Brasil and HRT O&G (HRT subsidiary) received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 6% in ...
Woodside Farms into Beach Energy's Lake Tanganyika South Block
Tanzania >> 7/14/2014 - Woodside advises that it has finalised an agreement to farm-in to the prospective basin of Lake Tanganyika in western Tanzania. Beach Energy has accepted Woodside’s offer to acquire a 70% participatin...
PA Resources Closes the Didon Transaction
Tunisia >> 7/14/2014 - PA Resources transferred ownership of 70 percent of its interest in the Didon concession to EnQuest on July 11 2014. The cash consideration of USD 23 million, with an interim period adjustment from 1 ...
OER Completes Acquisition Of Medal Oil
Nigeria >> 7/11/2014 - Oando Energy Resources Inc has completed the acquisition of Medal Oil Company Limited. The purchase price of US$5,000,000 was satisfied by the issuance of 3,491,082 units, each unit consisting of one ...
Colombian Assets Sale
Colombia >> 7/11/2014 - Oleo e Gas Participaçoes S.A. - Em Recuperaçao Judicial (OGpar), announces that the oil and gas regulatory agency from Colombia ("Agencia Nacional de Hidrocarburos" or "ANH") has not approved the prop...
LKO Acquire 100% in PEP 167 and PEP 175
Australia >> 7/11/2014 - Lakes Oil N.L (LKO) has entered into an agreement with Bass Strait Oil Company to acquire 100% equity in PEP 167 and PEP 175. ...
Lundin Petroleum Sells Assets in the Komi Region, Russia
Russia >> 7/10/2014 - Lundin Petroleum AB has entered into an agreement with Arawak Energy Russia BV (Arawak), to sell Lundin Petroleum’s entire interests in the Sotchemyu-Talyu and the North Irael Fields, Komi Region, Rus...
Forum Energy Granted SC72 Licence Extension
Philippines >> 7/9/2014 - Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, today confirms that the Philippine Department of Energy has granted the Company's requ...
Inpex Acquires Additional Interest in US Gulf of Mexico Project
United States >> 7/9/2014 - Inpex Corporation announced that Teikoku Oil (North America) Co., Ltd., a subsidiary, has acquired an additional participating interest in the Lucius deepwater US Gulf of Mexico project. Following thi...
Temporary Adjournment of Legal Proceedings in Relation to Tano 2A Licence
Ghana >> 7/8/2014 - The board of Clontarf Energy announces that the adjournment of legal proceedings being pursued in the High Court in Ghana in relation to the Tano 2A exploration licence have been extended until 16th J...
Completion of Algeria Farm-Out Transaction
Algeria >> 7/8/2014 - Petroceltic International plc, the independent oil and gas exploration and production company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the ...
Tethys Increases Interest in Rietavas Licence Onshore Lithuania
Lithuania >> 7/7/2014 - Tethys Oil AB has increased its indirect interest in the Rietavas licence onshore Lithuania from 14% to 30% as joint venture partner Chevron elects to leave the licence. The work programme, focused on...
Apache Said to Seek Buyer for Wheatstone LNG Stake
Australia >> 7/7/2014 - Apache Corp. (APA), the energy company that has announced $9.8 billion of asset sales in the past year, is seeking a buyer for its interests in the Wheatstone liquefied natural gas project, people fam...
Hibiscus One Step Closer Towards Realising Production in Australia
Australia >> 7/7/2014 - The Hibiscus Petroleum Berhad group, had on 4 July 2014, signed a series of binding agreements with its Australian partner, 3D Oil Limited (3D Oil), to increase its effective stake in both the VIC/L31...
Vanoil Provides Update on Kenyan Blocks 3A and 3B
Kenya >> 7/7/2014 - Vanoil Energy Ltd. (Vanoil) wishes to update information previously released on February 3, 2014 with regard to ongoing negotiations with the Kenyan Government with respect to the extension of Vanoil'...
Fastnet Improves & Extends Agreement to Farm into Tendrara Lakbir
Morocco >> 7/7/2014 - Fastnet, the UK and Irish listed E&P company focused on near term exploration and appraisal acreage in Morocco and the Celtic Sea, is pleased to announce that its wholly owned subsidiary Pathfinder Hy...

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