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Acquisitions and Divestitures News

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: ...
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 ...
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...
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...
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...
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...
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...
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...
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...
UAE Grants China Right to Develop Abu Dhabi Oil Fields
United Arab Emirates >> 4/29/2014 - The Abu Dhabi National Oil Company (ADNOC) has formed a joint venture with China National Petroleum Corporation (CNPC) to develop the Gulf emirate's oil reserves, state news agency WAM said. ...
Gondwana Updates Miura's Application for OCTPS Block
Ghana >> 4/29/2014 - Gondwana Oil Corp. (Gondwana) would like to provide a further update concerning the application by the Company's 70% held subsidiary, Miura Petroleum Limited (Miura), and the press release from the Mi...
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. ...
Atlantic Petroleum Acquires 15% of Norwegian Licence PL528/PL528B
Norway >> 4/29/2014 - With reference to stock exchange notice issued January 2nd 2014 regarding a farm-in option agreement with Rocksource ASA for the PL528 licence in the Norwegian Sea, P/F Atlantic Petroleum is pleased t...
Otis Energy to Get Acquisition of Block 7 Stake from Mitsui
Yemen >> 4/28/2014 - During the second quarter 2013 Otis Energy Limited entered into an agreement with Mitsui E&P Middle East B.V. in relation to the acquisition of an 8.5% working interest (10% paying interest) in Block ...
Sound Oil Announces Nervesa Farm out
Italy >> 4/28/2014 - Sound Oil has signed non-binding heads of terms with Niche Group plc for a farm down of the Company's onshore Carita licence in the Po Valley, Northern Italy. The Carita licence area includes the Nerv...
Ramba Seeking Partners for Lemang Block
Indonesia >> 4/28/2014 - Ramba Energy is pleased to announce that it had appointed Rothschild Indonesia and DMG & Partners Securities as joint advisers to conduct a strategic review of its interest in the Lemang Block, locate...
ERHC Receives Approval for BDS 2008 Retention in Chad
Chad >> 4/28/2014 - ERHC Energy Inc has now received the arreté (decree) of the President of Chad giving presidential seal of approval to the Company's retention of oil exploration Block BDS 2008 and its voluntary relinq...
Nido Petroleum Completes First Stage of SC 63 Farmout to Dragon Oil
Philippines >> 4/24/2014 - Nido Petroleum Limited advises that the first stage of the farm-out process with Dragon Oil Plc involving the transfer of a 40% Participating Interest in Service Contract 63 has been approved by the D...
Ferus Acquires Encana’s Share in Alberta LNG Plant
Canada >> 4/24/2014 - Ferus Natural Gas Fuels, Inc. (Ferus NGF), a North American leader in LNG and CNG fueling solutions, today announced it has completed the purchase of Encana Corporation’s 50 percent interest in the El...
US DOJ Asked for Information on Algeria
Algeria >> 4/24/2014 - The U.S. Department of Justice has asked Italian oil services group Saipem for information on a probe into alleged corruption in Algeria, the group's CFO said. ...

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