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Acquisitions and Divestitures News

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...
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...
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. ...
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...
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. ...
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...
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...
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. ...
OER Extends Completion Date for Acquisition of the Nigerian Business of ConocoPhillips
Nigeria >> 3/28/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013, November ...
Ophir Awarded Myanmar Licence
Myanmar >> 3/27/2014 - Ophir Energy plc is has been provisionally awarded a block in the Myanmar offshore licensing round. ...
Roc Oil Awarded PSC for Block M07 Offshore Myanmar
Myanmar >> 3/27/2014 - Roc Oil Company Limited has been notified by the Myanmar Ministry of Energy (MOE) of the successful award of a Production Sharing Contract (PSC) for shallow water Block M07 in the Moattama basin, offs...
North Energy Farms into PLs 591 & 591 B in the Norwegian Sea
Norway >> 3/26/2014 - North Energy has entered into a sale and purchase contract with Tullow Oil Norge AS, under which North Energy acquires a 10 per cent interest in production licences 591 and 591 B on the Norwegian cont...
InterOil & Total Close Elk-Antelope Transaction
Papua-New Guinea >> 3/26/2014 - InterOil Corporation have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. ...
Statoil Awarded Exploration Acreage Offshore Myanmar
Myanmar >> 3/26/2014 - Together with partner ConocoPhillips, Statoil has been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal. ...
BG Group Enters New Exploration Basin, Offshore Myanmar
Myanmar >> 3/26/2014 - BG Group has been awarded new exploration acreage offshore Myanmar. BG Group will operate two blocks, A4 and AD2 (45% and 55% equity respectively). The company also secured non-operated acreage in blo...
InterOil Acquires Minority Interests In PRL15
Papua-New Guinea >> 3/26/2014 - InterOil Corporation has completed the acquisition of an additional 1.0536% participating interest in Petroleum Retention License 15. The consideration for the interests was $41.53m , satisfied by the...
Oyster Enters Phase II of PSC Offshore Djibouti
Djibouti >> 3/26/2014 - Oyster Oil and Gas Ltd. ("Oyster") is pleased to announce that is has committed to enter into Phase II of the Production Sharing Contract (PSC) with the Government of the Republic of Djibouti. ...
Chevron Acquires Shallow Water Acreage Offshore Myanmar
Myanmar >> 3/26/2014 - Chevron Corporation announced its Myanmar subsidiary, Unocal Myanmar Offshore Co., Ltd., has been granted exploration rights in a block located offshore Myanmar, in the Rakhine basin. ...

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