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Acquisitions and Divestitures News

Placing to Fund Acquisition of 40% Interest in Otakikpo Marginal Field
Nigeria >> 5/20/2014 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Lekoil Oil and Gas Investments Limited, a wholly owned subsidiary of Le...
W&T Acquired Woodside Energy's GOM Deepwater Properties
United States >> 5/20/2014 - W&T Offshore, Inc. has completed the acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc. The transaction includes a 20% non-oper...
Petroamerica Announces Strategic Farm-in to the Llanos-19 Block
Colombia >> 5/20/2014 - Petroamerica Oil Corp has entered into a definitive agreement, subject to the approval of the National Hydrocarbon Agency of Colombia (the “ANH”), with Pacific Stratus Energy Colombia Corp. (“PSE”), a...
Nido Secures 20% Participating interest in SC 63
Philippines >> 5/19/2014 - Nido Petroleum Limited is pleased to advise has it has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with PNOC-EC are consistent with the original agree...
Morocco's SNI to Sell its 23.6% Stake in Lesieur
Morocco >> 5/17/2014 - SNI, the investment vehicle of Morocco's royal family, will sell its remaining 23.6 percent stake in cooking oil producer Lesieur Cristal in a public sale, a statement from the country's stock exchang...
Karoon Farms out 50% of WA-482-P, Carnarvon Basin to Apache 
Australia >> 5/16/2014 - Karoon Gas FPSO Pty Ltd, a wholly owned subsidiary of Karoon Gas Australia Ltd, has entered into a Farm out Agreement to farm out a 50% interest in Carnarvon Basin Exploration Permit WA-482-P (the  Pe...
Kenyan Government Gives L10B Licence Additional Year
Kenya >> 5/16/2014 - Pancontinental Oil & Gas NL is pleased to advise that the Government of Kenya has granted a 12-month extension to the current Initial Exploration Period of the L10B offshore licence. ...
Joint Application for 3 Offshore Blocks in Montenegro
United Kingdom >> 5/16/2014 - The Board of Mediterranean Oil & Gas Plc is pleased to announce that Energean Oil & Gas SA and MOG have jointly submitted a bid for the exploration and production of hydrocarbons in offshore areas 411...
INPEX Granted Exploration Block WA-502-P Offshore Western Australia
Australia >> 5/16/2014 - INPEX CORPORATION is pleased to announce that its subsidiary, INPEX Browse E&P Pty Ltd, has been granted Release Area WA-502-P (the Block) as an exploration permit following the 2013 Australian Offsho...
Kentz Acquires A Construction Capability in Canada
Canada >> 5/16/2014 - Kentz, the engineering and construction group, is pleased to announce that it has completed the purchase of the business of Alegro Projects and Fabrication Ltd (Alegro), an organization offering fabri...
Dana Gas Achieves 12% Growth in Production in Q1 of 2014
Egypt >> 5/15/2014 - Dana Gas’s average quarterly net production from Egypt and KRI was 68,800 boepd, a year-on-year increase of 12% (Q12013: 61,400 boepd). ...
Dana Completes Acquisition of Interest in Danish Licence from PA Resources
Denmark >> 5/15/2014 - Dana Petroleum has now acquired 40 per cent equity in the Danish 12/06 licence from PA Resources and will assume operatorship from 1 June. PA Resources retains a 24 per cent interest in the licence. F...
Cooper Completes Basker Manta Gummy Acquisition
Australia >> 5/15/2014 - Cooper Energy Limited advises that the transactions to effect the acquisition of a 65% interest in the Basker Manta Gummy oil and gas liquids joint venture (BMG) announced to the ASX on 31 March 2014 ...
Energean Signs Licence Agreements for Ioannina & Katakolon Blocks
Greece >> 5/14/2014 - Energean is pleased to announce that the Greek Government signed Licence Agreements for the Ioannina and Katakolon blocks with the consortia of Energean and Petra Petroleum for Ioannina, and with Ener...
Neon Energy Wins Australian Offshore Exploration Permit
Australia >> 5/14/2014 - Neon Energy Limited has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum...
Agreement to Acquire Reconnaissance Contract Interest from First Sahara Energy
Morocco >> 5/14/2014 - Maxim Resources Inc., (Maxim), is pleased to announce it has entered into a Heads of Agreement, (HOA), with First Sahara Energy Inc., (FSE), to acquire its interest in a Reconnaissance Contract on the...
Uganda Repossesses Ngassa Oilfield from Tullow Oil
Uganda >> 5/13/2014 - Uganda said it repossessed an oilfield that belonged to Tullow Oil Plc after the period allotted to appraise the site expired. The London-listed exploration company said the field was uneconomical. ...
Nigerian Court Says has Jurisdiction over Chevron Asset Dispute
Nigeria >> 5/13/2014 - A Nigerian judge has ruled the Federal High Court should have jurisdiction over Chevron's asset sale dispute with Nigeria's Brittania-U, the local firm's lawyers said, dealing a blow to Chevron which ...
Swala Energy Offered Block 44 in the Republic of Zambia
Zambia >> 5/12/2014 - Swala Energy Limited (Swala) is pleased to announce that its 81.08% owned subsidiary, Swala Energy (Zambia) Limited has been offered hydrocarbon exploration rights over Block 44, in the Republic of Za...
Sterling Energy Completes Farm-in to Odewayne Block
Somalia >> 5/12/2014 - Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, is pleased to announce that completion has now occurred under the Farmout Agreement (Farmout Agreement) wi...

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