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Acquisitions and Divestitures News

Neon Executes Agreement for Sale of Californian Assets
United States >> 4/10/2014 - Neon Energy has executed a binding Purchase & Sale Agreement with a major Californian exploration and production company, for the sale of the Company’s Californian assets with a purchase price of US$2...
LGO Provides Update on Maxim Joint Venture in Trinidad
Trinidad and Tobago >> 4/10/2014 - LGO announces that, further to its announcement on 3 October 2013 concerning the non-binding Heads of Agreement ("HOA") with Maxim Resources Inc. ("Maxim"), originally announced in March 2013, agreeme...
Bass Strait Oil Divesting Offshore Gippsland Basin Assets
Australia >> 4/10/2014 - Bass Strait Oil Company Ltd has commenced a formal divestment process for its offshore Gippsland Basin portfolio as part of its forward strategy that is focused on delivering best value to shareholder...
Northern Petroleum Provides Update on UK Assets
United Kingdom >> 4/9/2014 - Northern Petroleum provides the following update on the Company's UK assets. Following a recent operating committee meeting with the operator of licence PEDL233 containing the Baxters Copse discovery,...
AWE Awarded New Exploration Permit Offshore Western Australia
Australia >> 4/9/2014 - AWE Limited has been awarded a new exploration permit offshore Western Australia, WA-497-P (formerly release area W13-18), as part of the Australia 2013 Offshore Petroleum Exploration Acreage Release....
CEPSA Acquires a 30% Stake in Exploratory Block in Liberia
Liberia >> 4/8/2014 - CEPSA has acquired a 30% stake in a hydrocarbon exploration block off the Liberian coast in West Africa. Block LB-10 is operated by Anadarko Liberia Block 10 Company, a wholly-owned subsidiary of Anad...
High Court of Ghana Grants Application for an Interlocutory Injunction
Ghana >> 4/8/2014 - Further to the announcement of 25 March 2014, Clontarf Energy plc, the AIM listed Oil Explorer, is pleased to report that the High Court of Ghana has granted its application for an interlocutory injun...
Update on Tunisian Farm-out Process
Tunisia >> 4/7/2014 - In May 2013 PA Resources entered into an agreement to sell to EnQuest 70% interests in, and to transfer the operatorship of, the offshore assets in Tunisia which include the Zarat Permit and the Didon...
RoyalGate & UB Group to Develop Offshore Cape Three Point South
Ghana >> 4/7/2014 - RoyalGate Dubai is in partnership with Dubai based UB Group for the development of the recently acquired deepwater Offshore Cape Three Point South (OCTPS) asset in Ghana. Both companies have the requi...
Park Place Signs Agreement for Exploration of Oil and Gas in Bulgaria
Bulgaria >> 4/7/2014 - Park Place Energy Corp has signed the License Agreement for the Vranino Block 1-11 with the Ministry of Economy and Energy on behalf of the Republic of Bulgaria on April 1, 2014. The Vranino explorati...
Signs Agreement with MEO for Puka Farm-out
Australia >> 4/7/2014 - Kea Petroleum plc has entered into a Farm-Out Agreement with MEO Australia Ltd in respect of PEP 51153, including the Puka discovery. MEO is an ASX-listed independent oil and gas company with a portfo...
Interoil Acquires 12 Month License Contract in Peru
Peru >> 4/7/2014 - Interoil Peru SA has secured a 12-month license contract for blocks III and IV with Perupetro. The contract's commercial terms are identical to the original license contracts. ...
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...
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. ...
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. ...
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...

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