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Acquisitions and Divestitures News

Nuenergy Will Invest and Farm-In to its Rengat PSC
Indonesia >> 2/12/2014 - NuEnergy has signed a Letter of Intent (LOI) with a strategic Asian investor. Under the terms of the proposed Farm-In transaction the Farm-inParty will: ...
Tullow May Sell Part of Stake in Ugandan Oil Field
Uganda >> 2/12/2014 - Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field it is developing with France's Total SA and China's Cnooc Ltd. to focus on Kenya, whe...
Trading Houses in Race to Buy Oil Majors' $3b Nigeria Assets
Nigeria >> 2/12/2014 - Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades. New upstream acquisitions would help cement their relationship with Africa's biggest oil producer, a key su...
Foum Assaka Extension Period Agreement
Morocco >> 2/12/2014 - Fastnet Oil & Gas Plc, the E&P Company focused on near term exploration acreage in Africa and the Celtic Sea, is pleased to announce that it has been granted Government Approval to enter the First Ext...
Apache Agrees to Sell Argentina Operations for $852m
Argentina >> 2/12/2014 - Apache Corporation and its subsidiaries announced an agreement to sell all of its operations in Argentina to YPF Sociedad Anonima for cash payment of $800 million plus the assumption of $52 million of...
Jacobs Announces Acquisition of Eagleton Engineering
United States >> 2/11/2014 - Jacobs Engineering Group Inc. announced that it has acquired Eagleton Engineering, LLC (Eagleton) headquartered in Houston, Texas. The acquisition enhances Jacobs’ capabilities in midstream and upstre...
Brownstone to Divest Of Llanos 27 Project
Colombia >> 2/11/2014 - Brownstone Energy Inc has entered into an agreement to assign all of its 34.25% oil and gas participation interest in the Llanos 27 Project located in the Llanos Basin of Central Colombia (“Block 27”)...
Indonesia Appoints Winners in $4B Jangrik Gas Projects
Indonesia >> 2/11/2014 - Indonesia's state energy regulator, SKKMigas, has appointed firms for the $4.1 billion development of Jangrik and North East Jangrik offshore gas and condensate fields operated by Eni, heralding the c...
Kea Petroleum Provides Farm-out and Operations Update
New Zealand >> 2/11/2014 - Kea Petroleum plc, the oil and gas company focused on New Zealand, announces an update on progress with the farm-out of PEP 51153 and on production at Puka. ...
Global Provides Update on Permit Applications in the Southern Adriatic
Italy >> 2/10/2014 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces an update to the Company's business development programme. The Company is please...
ERHC Energy Completes Kenya Block 11A Farm-out to CEPSA
Kenya >> 2/10/2014 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, is pleased to announce the completion of its farm-out agreement with CEPSA (Compania Espanola de Pet...
Woodside Enters Mou With Leviathan Participants
Israel >> 2/7/2014 - Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration (1992) LP, have agreed to convert a previou...
Russia Offers Stake in 10 Exploration Blocks to ONGC
Russia >> 2/7/2014 - Russia's Rosneft, the world's largest listed oil company by output, has offered stake in 10 exploration blocks to the foreign investment arm of India's Oil and Natural Gas Corp, the south Asian nation...
Baytex to Acquire Aurora Oil & Gas
United States >> 2/6/2014 - Baytex Energy Corp.and Aurora Oil & Gas Limited have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the “Arrangement”), 100% of the shares...
Asset Sales by S.Korea Firms May Include Akkas Field
Iraq >> 2/6/2014 - Plans by South Korea's state-run energy firms to sell billions of dollars of overseas assets include the possible sale of stakes in Iraq's Akkas gas field, Australia's Bylong thermal coal fields and C...
Panoro Updates on Divestment Process of Manati
Brazil >> 2/6/2014 - Panoro Energy has agreed with the buyer GeoPark to extend the Long Stop Date for the Sale and Purchase Agreement for the divestment of the Brazilian subsidiary Rio das Contas (the Manati transaction) ...
Total Sells its 15% Interest in Block 15/06 to Sonangol
Angola >> 2/4/2014 - Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approva...
North Sea Signs Agreement with Ithaca Regarding withdrawal from the Jacky Field
United Kingdom >> 2/4/2014 - North Sea Energy Inc is pleased to announce that, through its wholly owned subsidiary North Sea Energy (UK) Limited (“NSE UK”), the Company has signed an agreement (the “Agreement”) with Ithaca Energy...
IGas Energy Completed Farm-out Agreement with Total E&P UK
United Kingdom >> 2/4/2014 - Further to the announcement of 13th January 2014, IGas, one of the leading producers of onshore oil and gas in the UK, announces the completion of the farm-out agreement with Total E&P UK Limited. IGa...
PetraGas Awarded Petroleum Exploration Licence in Tasmania
Australia >> 2/4/2014 - Petratherm advises that its wholly owned subsidiary, PetraGas Pty. Ltd., has been awarded a Petroleum Exploration Licence (EL3/2013) covering approximately 3,900 square kilometres, north of Hobart in ...

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