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Acquisitions and Divestitures News

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...
Statoil Divests Block 15/06 Interest Offshore Angola
Angola >> 5/12/2014 - Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, include...
HIREX Signs HOA for 20% in Offshore Licence in Australia
Australia >> 5/12/2014 - HiRex Petroleum Sdn Bhd, a joint venture between Rex South East Asia Ltd, a wholly-owned subsidiary of Rex International Holding Limited in Singapore, Orient Hibiscus Sdn. Bhd., a wholly-owned subsidi...
Farm-out Agreement for Bocachico Contract Area
Colombia >> 5/8/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, is pleased to announce that it has signed a farm-out agr...
Apache to Sell Lucius & Heidelberg GOM Developments for $1.4b
Apache to Sell Lucius & Heidelberg GOM Developments for $1.4b United States >> 5/8/2014 - Apache Corporation announced that its Gulf of Mexicosubsidiary will sell non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a ...
KrisEnergy Seals G6/48 Acquisition, Takes over Operatorship
Thailand >> 5/7/2014 - KrisEnergy Ltd has received approval from the Government of the Kingdom of Thailand to acquire a 30% working interest and operatorship of block G6/48 in the Gulf of Thailand. The completion of the tra...
CAMAC Signs Petroleum Agreement for ESWT Block in Ghana
Ghana >> 5/7/2014 - CAMAC Energy Inc. (CAMAC Energy) has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-...
EnerVest & FourPoint Energy Announce $275 Million in JV
United States >> 5/6/2014 - EnerVest, Ltd., and its institutional partnerships along with its joint venture partner, FourPoint Energy, LLC, announced the acquisition of $275 million in producing properties in the Western Anadark...
Jacka to Receive $12m from Farmout of Odewayne Block
Somalia >> 5/6/2014 - Jacka Resources Limited (Jacka) is pleased to announce that its wholly owned subsidiary Jacka Resources Somaliland Limited (JRSL) has signed a second Farmout Agreement (Second Sterling Agreement) with...
Petrogas Kahil LLC Signs EPSA for Oman Block 55
Oman >> 5/5/2014 - Petrogas Kahil LLC, a wholly owned subsidiary of Petrogas Exploration and Production LLC has signed an Exploration and Production Sharing Agreement (EPSA) with the Government of the Sultanate of Oman ...
Neon Energy Forced to Withdraw From Tanjung Aru PSC
Indonesia >> 5/5/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, announces the following in relation to the Tanjung Aru production sharing contract (“PSC”), offshore Kalimantan in Indonesia: ...
Otto Energy Withdraws from Service Contract 51
Philippines >> 5/2/2014 - Otto Energy Limited announces that following extensive post-well analysis of the Duhat-2 well drilled in July 2013, its wholly owned subsidiary Otto Energy Investments Limited (OEIL) has elected to wi...
Ministerial Consent Granted to MEO Farm-in
New Zealand >> 5/2/2014 - Kea Petroleum plc, the oil and gas company focused on New Zealand, is pleased to announce that New Zealand Ministerial Consent has been granted to the transfer of a 30% participating interest in PEP 5...
Imperial Completes Sale of Certain Western Canada Conventional Oil and Gas Assets
Canada >> 5/1/2014 - Imperial Oil Limited announced the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Can...
Completion of Tarfaya Farm-out Agreement
Morocco >> 5/1/2014 - Tangiers Petroleum Limited is pleased to announce that the TAO-1 well off the Moroccan coast is on track to be spudded in June, with the Moroccan National Office of Hydrocarbons and Mines providing it...
Iran Replaces China’s CNPCI with Domestic Consortium in Oil Project
Iran >> 4/30/2014 - Iran has transferred the development of its South Azadegan oilfield to a consortium of domestic companies as China National Petroleum Corporation International (CNPCI) had been falling behind the sche...
OMV Expands Portfolio in Madagascar in Farm-in Deal with Tullow
Madagascar >> 4/30/2014 - After acquiring an interest offshore Madagascar last year, OMV is taking the next step to expand its position in the country by signing a farm-in agreement with Tullow, an exploration-led company that...
OMV Expands Portfolio in Madagascar
Madagascar >> 4/30/2014 - After acquiring an interest offshore Madagascar last year, OMV is taking the next step to expand its position in the country by signing a farm-in agreement with Tullow, an exploration-led company that...
Spike Exploration Increases Barents Sea Presence
Norway >> 4/29/2014 - Spike Exploration Holding AS (Spike) has recently signed an agreement with Tullow Oil Norge AS to swap a 15% interest in licence PL494/B/C for a 15% interest in PL722. ...

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