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Acquisitions and Divestitures News

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. ...
Azonto Provides Operations Update in Ghana
Ghana >> 5/28/2014 - Azonto is pleased to provide the following operations update for its assets in Ghana. ...
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...
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...
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...
NT/P68 Farmin Agreement Notice Dates Extended
Australia >> 5/23/2014 - MEO Australia Limited has agreed with Eni Australia Limited (Eni) to extend the notice dates under the NT/P68 Farm-in Agreement (FIA) for the second Heron well and the option for Eni to acquire an add...
Rockhopper to Buy Mediterranean Oil & Gas
Falkland Islands >> 5/23/2014 - Falkland Islands-focused Rockhopper Exploration has agreed to buy Italy, France and Malta-focused explorer Mediterranean Oil & Gas (MOG) for $50 million (GBP 29.3 million) in a cash and shares deal, t...
Otis Energy Ends Block 7 Farm out Negotiations with Mitsui
Yemen >> 5/22/2014 - 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 ...
Corporate Update and Revised Investor Presentation
Morocco >> 5/22/2014 - Ahead of investor meetings, Fastnet, the E&P company focused on exploring in Africa and in the Celtic Sea, is pleased to provide an update on its operations, including its proposed forward work progra...
Woodside Terminates Leviathan MOU
Israel >> 5/21/2014 - Woodside has advised the participants in the Leviathan Joint Venture that it has elected to terminate the memorandum of understanding agreed by the parties in February 2014. ...
Tellus Resources Provides PEL 105 Update
Australia >> 5/21/2014 - Tellus Resources Limited is pleased to announce a number of exciting developments concerning the PEL 105 licence located in the heart of the Cooper Basin in South Australia. TLU presently has a 50% in...
ADX Awarded Permit Offshore Italy 
Italy >> 5/21/2014 - ADX Energy Ltd is pleased to announce that the Italian Ministry of Industry has awarded the offshore exploration permit d 363 C.R-.AX to ADX. ...
Petroamerica Announces Strategic Farm-in to the Llanos-19 Block
Colombia >> 5/20/2014 - Petroamerica Oil Corp has entered into a definitive agreement, subject to the approval of the National Hydrocarbon Agency of Colombia (the “ANH”), with Pacific Stratus Energy Colombia Corp. (“PSE”), a...
Placing to Fund Acquisition of 40% Interest in Otakikpo Marginal Field
Nigeria >> 5/20/2014 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Lekoil Oil and Gas Investments Limited, a wholly owned subsidiary of Le...
W&T Acquired Woodside Energy's GOM Deepwater Properties
United States >> 5/20/2014 - W&T Offshore, Inc. has completed the acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc. The transaction includes a 20% non-oper...
Nido Secures 20% Participating interest in SC 63
Philippines >> 5/19/2014 - Nido Petroleum Limited is pleased to advise has it has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with PNOC-EC are consistent with the original agree...
Morocco's SNI to Sell its 23.6% Stake in Lesieur
Morocco >> 5/17/2014 - SNI, the investment vehicle of Morocco's royal family, will sell its remaining 23.6 percent stake in cooking oil producer Lesieur Cristal in a public sale, a statement from the country's stock exchang...
Kentz Acquires A Construction Capability in Canada
Canada >> 5/16/2014 - Kentz, the engineering and construction group, is pleased to announce that it has completed the purchase of the business of Alegro Projects and Fabrication Ltd (Alegro), an organization offering fabri...

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