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Acquisitions and Divestitures News

Cue Farms-in to Highly Prospective Onshore Acreage
Indonesia >> 11/21/2014 - The terms of the farm-in agreement provide that Cue contributes to Bukit’s costs for seismic and drilling but remain confidential due to Cue’s current discussions to capture other exploration opportun...
Exxon Mobil in Final Talks with Ivory Coast over Two Oil Blocks
Ivory Coast (Cote D'Ivoire) >> 11/21/2014 - Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reu...
Empire Sells Carnarvon Basin Tenements to Bounty O&G
Australia >> 11/20/2014 - Empire Oil & Gas has taken another key step in its strategy to unlock the value of its Perth Basin assets, signing an indicative agreement to sell its remaining acreage in WA's onshore Carnarvon Basin...
Shell Completes Sale of Nigeria OML 24 Stake for $600m
Nigeria >> 11/20/2014 - The Shell Petroleum Development Company of Nigeria Limited (SPDC) has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to N...
Petronas Awards Blocks SB331 & SB332 to SapuraKencana
Malaysia >> 11/20/2014 - PETRONAS awarded two Production Sharing Contracts (PSC) for Blocks SB331 and SB332 onshore Sabah to SapuraKencana Energy Sabah Inc, M3nergy Berhad and PETRONAS Carigali Sdn Bhd. ...
Oyster Petroleum Farms into Further UK North Sea License
United Kingdom >> 11/20/2014 - Oyster Petroleum Limited has entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling, Oyster Petroleum will acquire a 30% interest in licence P.2132, covering...
ETE and ETP Swap Assets
Canada >> 11/19/2014 - Energy Transfer Partners (ETP) has agreed to acquire a 45% stake in the Bakken pipeline project from Energy Transfer Equity (ETE) via an asset swap the companies value at $3.75 billion. ...
Hydrocarb Confirms Interest in JV for Owambo Basin Acreage
Namibia >> 11/19/2014 - Hydrocarb Energy Corporation confirmed ongoing discussions with several international energy firms expressing interest in the company’s Owambo Basin Concession in Namibia. Hydrocarb has executed three...
Oil Basins Increases Stake in Gippsland Basin Permit VIC/P47
Australia >> 11/19/2014 - Oil Basins Limited (OBL) has announced that documents have been signed transferring all the third-party interests in the offshore Gippsland Basin Permit Vic/P47 to the OBL Group. The OBL Group will no...
Kinsale to Farm-in to Lansdowne's SEL 4/07 Celtic Sea, Offshore Ireland
Ireland >> 11/19/2014 - Lansdowne Oil & Gas plc has entered into a farm-in agreement with PSE Kinsale Energy Limited, a wholly owned subsidiary of PETRONAS. ...
Rex International acquires stake in VIC/P57
Australia >> 11/18/2014 - Rex International has received approval for the exercise of the option to acquire a 20 per cent interest in VIC/P57 from 3D Oil by a wholly-owned subsidiary of HIREX. The binding agreements accord an...
Rampart Acquires Majority Stake in WA-507-P Permit
Australia >> 11/18/2014 - Australian company Rampart Energy has secured the rights to an 80% working interest, as Operator, in the newly released exploration permit WA- 507-P, located within the prolific Northern Carnarvon Bas...
HIREX Signs Binding Agreements For 20% Stake in Australia
Australia >> 11/18/2014 - The Board of Directors of Rex International Holding Limited wishes to announce that following the receipt of approvals from the Foreign Investment Review Board and the National Offshore Petroleum Titl...
CorEnergy to Acquire MoGas Pipeline for $125 Million
United States >> 11/17/2014 - CorEnergy Infrastructure Trust, Inc. (CorEnergy) announced that it has entered into a definitive agreement to acquire the ownership and operations of the MoGas Pipeline System for $125 million in cash...
Forest Oil Announces Agreement to Sell Arkoma Basin
United States >> 11/17/2014 - Forest Oil Corporation (Forest or the Company) announced that it has entered into a definitive agreement to sell its natural gas properties located in the Arkoma Basin for after-tax cash proceeds of a...
Altona Energy Signs Agreement on the Arckaringa JV
Australia >> 11/14/2014 - AIM-listed Altona Energy has announced that Altona, Sino-Aus Energy Group and Wintask Group (together the 'JV Partners') have signed an agreement in respect of the terms of the Arckaringa project join...
Statoil to Withdraw from PetroFrontier's Georgina Permits
Australia >> 11/14/2014 - Baraka Energy & Resources has advised that Statoil Australia Theta has informed Baraka that it has concluded the drilling and testing campaign on the Company’s permits, EP127 and EP128 in the Georgina...
PA Resources Receives Provisional Licence Award in UK 28th Round
United Kingdom >> 11/13/2014 - PA Resources has been successful in the UK’s 28th Seaward Licensing Round and has been provisionally awarded Blocks 22/18c and 22/19d as part of a group comprising of PA Resources (25 percent), E.On (...
Genel Acquires 36% Stake in Bina Bawi from OMV
Genel Acquires 36% Stake in Bina Bawi from OMV Iraq >> 11/13/2014 - Genel Energy plc is pleased to announce that it has reached an agreement with the Ministry of Natural Resources (MNR) of the Kurdistan Regional Government (“KRG”) for the development of the Miran and ...
Partial Disposal of Kiliwani North Development Licence
Tanzania >> 11/12/2014 - Following Aminex’s announcement on 14 October 2014 that it had signed binding, conditional heads of terms with Solo Oil PLC (Solo) for the sale to Solo of up to 13% of in the Kiliwani North Developmen...

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