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Acquisitions and Divestitures News

Wessex Provides Update on South of England Strategy
United Kingdom >> 4/4/2014 - Wessex Exploration PLC, the hydrocarbon exploration company, is pleased to provide the following update on its strategy in the South of England. ...
Ophir Receives Notice Of Regulatory Approval
Seychelles >> 4/4/2014 - WHL Energy Limited is pleased to announce it has received notice that regulatory approvals will be granted for the previously reported farm-out agreement with Ophir Energy plc. Under the agreement Oph...
Statoil Farms Down 15% Interest in Angolan Block 39
Angola >> 4/3/2014 - Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited (WRG) in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint ve...
PTTEP Makes its First Investment in Brazil
Brazil >> 4/3/2014 - Mr. Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, disclosed that, PTTEP Brasil Investimentos em Exploracao e Producao de Petroleo e Gas Ltda. o...
OMV Enters an Exploration Project Offshore Namibia
Namibia >> 4/3/2014 - OMV is taking the next step to expand its exploration business in Sub-Saharan Africa by entering an offshore exploration project in Namibia. This is the third major milestone to build up a significant...
Oman may Buy Stake in Petronet's Plant in India
Oman >> 4/2/2014 - Oman is considering buying a 10-15 percent stake in Petronet LNG's proposed plant on India's east coast, the Gulf nation's oil minister Mohammed bin Hamad Al Rumhy said. ...
Mozambique would Back Eni Selling down Gas Field Stake
Mozambique >> 4/2/2014 - Mozambique has signaled it would approve a move by Eni to reduce its stake in a natural gas field off the East African country's coast, the Italian oil and gas group said. ...
Maple Provides Update Regarding Refinery Lease Contract
Peru >> 4/1/2014 - Maple Energy plc, an integrated energy company with assets in Peru, is pleased to provide an update regarding the refinery lease contract and blocks 31B and 31D License contracts. ...
Mercator with Oil India & Oilmax Energy Selected as Candidate for 2 Oil Blocks in Myanmar
Myanmar >> 4/1/2014 - Mercator Petroleum Ltd,. Subsidiary of Mercator Limited, in consortium with Oil India Ltd., and Oilmax Energy Pvt. Ltd., has been chosen as the selected candidate by the Ministry of Energy of the Repu...
Roc Farms into PSC Offshore Malaysia
Malaysia >> 4/1/2014 - Roc Oil Company Limited, is pleased to announce the farm in to a Production Sharing Contract (PSC) which includes three fields D35, D21 and J4 (Fields), located offshore Malaysia in water depths of ap...
Wood Group Enhances Canadian Pipeline Engineering Capability
Canada >> 4/1/2014 - Wood Group has acquired Sunstone Projects Ltd. (Sunstone) of Calgary, Alberta, Canada for C$14.5 million. Sunstone is a pipeline consulting company providing engineering, procurement and construction ...
Apache Agrees to Sell Western Canada Assets for US$374 Million
Canada >> 3/31/2014 - Apache Corporation and its subsidiaries announced an agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia, Canada, for $374 million. ...
Niko Signs $62m Sale of its Equity Stake in Block 5(c) in Trinidad
Trinidad and Tobago >> 3/31/2014 - Niko Resources Ltd has executed a definitive sale and purchase agreement for the sale of its 25% interest in Block 5(c) in Trinidad and Tobago to a subsidiary of the BG Group, 75% interest owner and o...
Empire Withdraw from EP 437 Joint Venture
Australia >> 3/31/2014 - Empire Oil & Gas advises that its wholly-owned subsidiary, Empire Oil Company (WA) Limited, will withdraw from EP 437 by agreement with its joint venture partners in the permit, Key Petroleum (Austral...
Roc Oil Exits Basker Manta Gummy (BMG) Field
Australia >> 3/31/2014 - Roc Oil Company Limited has signed a sale and purchase agreement to sell its entire 50% participating interest in the Basker Manta Gummy (BMG) field to Cooper Energy Limited. ...
Westbridge Welcomes New Partner at Wharton
United States >> 3/31/2014 - Westbridge Energy Corporation has entered into a binding agreement alongside Black Pearl Holdings, LLC whereby Westbridge and Black Pearl will convey a 30% working interest in the Wharton County Field...
Kea Petroleum Provides Puka Update & Mercury 3D Interpretation
New Zealand >> 3/31/2014 - Kea Petroleum plc, the oil and gas company focused on New Zealand, is pleased to announce that commercial negotiations between Kea and its partner regarding the proposed farm-out of PEP 51153 (includi...
Woodside Delays Signing Landmark Israeli Field Deal
Israel >> 3/28/2014 - Australia's Woodside Petroleum Ltd has delayed signing a landmark agreement to take up to a $2.7 billion stake in Israel's Leviathan gas field, but said it was in talks to overcome remaining issues. ...
Petsec Energy Acquires AWE's Block 7 Interest in Yemen
Yemen >> 3/28/2014 - Petsec Energy has executed an agreement with a wholly-owned subsidiary of AWE Limited to acquire its 21.25% Participating Interest in the Block 7, Al Barqa Permit, in the Republic of Yemen. ...
Final Approval for Manati Field Acquisition in Brazil
Brazil >> 3/28/2014 - GeoPark Limited, the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, is pleased to announce that the B...

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