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Acquisitions and Divestitures News

Agreement to Sell 40% Stake in Greater Bualuang Area
Thailand >> 6/5/2014 - Salamander has signed a non-binding HoA with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang Field) and the surrounding G4/50 concession for a tota...
PPG to Acquire Specialty Coatings Supplier the Homax Group
United States >> 6/5/2014 - PPG Industries announced that its North American architectural coatings business has reached a definitive agreement to acquire The Homax Group, Inc., a supplier of decorative wall and ceiling texture ...
LGO Terminates Talks on Potential Partnership in Spain
Spain >> 6/4/2014 - LGO announces that further to its announcement of 18 March 2014 it has now terminated negotiations with Pansoinco s.r.l. over a possible partnership in LGO's oil and gas assets located in Northern Spa...
Temporary Adjournment of Legal Proceedings for Tano 2A
Ghana >> 6/4/2014 - The board of Petrel Resources announces that the legal proceedings being pursued in the High Court in Accra, Ghana in relation to the Tano 2A exploration licence have been temporarily adjourned while ...
Renewable Energy Group Completes Syntroleum Acquisition
United States >> 6/3/2014 - Renewable Energy Group, Inc. announced that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of substantially all of the assets of Syntroleum Corporation. ...
Tower Resources Completes Farm-in to Block 2B, Kenya
Kenya >> 6/3/2014 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, is pleased to announce the completion of its farm-in to Block 2B, onshore Kenya. ...
Karoon Enters Agreement for the Sale of Browse Basin Exploration Permits
Australia >> 6/2/2014 - Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for...
Total Swlls its 10% Interest in Shah Deniz to TPAO
Azerbaijan >> 5/30/2014 - Total signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion and i...
Roc Oil Farms out in PSC for Three Fields Offshore Malaysia
Malaysia >> 5/30/2014 - Roc Oil (Sarawak) Sdn Bhd, a wholly owned subsidiary of ROC, has entered into a Letter of Intent to farm-out a 20% participating interest in the Production Sharing Contract (PSC) for the three field...
Petsec Energy Increases Interest in Yemen Block 7
Yemen >> 5/30/2014 - Petsec Energy has executed an agreement with Mitsui E&P Middle East to acquire its 8.5% Participating Interest in the Block 7, Al Barq a Permit, in the Republic of Yemen. The Mitsui agreement follows ...
Sterling Energy Granted 2 Year Extension for Odewayne PSC
Somalia >> 5/29/2014 - Sterling Energy Plc, the AIM listed oil & gas exploration company, is pleased to announce that the Government of the Republic of Somaliland has granted a 2 year extension to the current work period of...
President Energy Provides Paraguay Update
Paraguay >> 5/29/2014 - President is pleased to provide an update on the Pirity Concession and its drilling operations in Paraguay. ...
Gran Tierra Enters into an Agreement to Sell its Argentina Business
Argentina >> 5/29/2014 - Gran Tierra Energy Inc has entered into agreements whereby Madalena Energy Inc has agreed to acquire Gran Tierra Energy's Argentina business unit for an aggregate consideration of approximately US$69 ...
Carnarvon Awarded Australian Block
Australia >> 5/29/2014 - Carnarvon Petroleum Ltd is pleased to announce the award of Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil producing Barrow Sub basin. Carnarvon is Oper...
Rey Resources to Farm in to EP437 in Perth Basin
Australia >> 5/29/2014 - Rey Resources Limited has executed an agreement with Key Petroleum (Australia) Pty Ltd, a wholly owned subsidiary of Key Petroleum Limited, and Caracal Exploration Pty Ltd to farm in to Exploration Pe...
Westlake Chemical Acquires Specialty PVC Producer Vinnolit
Germany >> 5/28/2014 - Westlake Chemical Corporation announced that it has signed a definitive agreement to acquire German-based Vinnolit Holdings GmbH and its subsidiary companies from Advent International, a private equit...
Azonto Provides Operations Update in Ghana
Ghana >> 5/28/2014 - Azonto is pleased to provide the following operations update for its assets in Ghana. ...
Aquaterra Energy Partner of Choice for Cairn Energy
Morocco >> 5/27/2014 - Aquaterra Energy’s structured collaborative approach to delivering riser analysis support for its clients has resulted in a long-term relationship between the offshore engineering solutions specialist...
Tower Resources Provides Update for Block 2B
Kenya >> 5/27/2014 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, announces that at the Annual General Meeting of the Company, which took place at 3pm, all resolutions put t...
Tower Resources Provides Update for Blocks 40 and 41
Zambia >> 5/27/2014 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, announces that at the Annual General Meeting of the Company, which took place at 3pm today, all resolutions...

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