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Acquisitions and Divestitures News

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...
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...
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...
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...
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...
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. ...

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