Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

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 ...
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). ...
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...
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...
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...
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 ...
Mexico Could Take Big Stakes in Major Oil Finds
Mexico >> 5/12/2014 - As part of energy industry reforms, the Mexican government will be allowed to take up to a 30 percent stake in major new oil discoveries if it's determined to be in the national interest, a top govern...
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...
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...
PetroChina to Sell Pipelines Worth $6.3 Billion as Controls Ease
China >> 5/12/2014 - PetroChina Co. (857), operator of the country’s largest pipeline network, will sell assets valued at 39 billion yuan ($6.3 billion) as the government continues with steps to open state-owned enterpris...
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...
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 ...
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-...
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...
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...
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...

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.