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Acquisitions and Divestitures News

Kea Petroleum Provides Farm-out and Operations Update
New Zealand >> 2/11/2014 - Kea Petroleum plc, the oil and gas company focused on New Zealand, announces an update on progress with the farm-out of PEP 51153 and on production at Puka. ...
Global Provides Update on Permit Applications in the Southern Adriatic
Italy >> 2/10/2014 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces an update to the Company's business development programme. The Company is please...
ERHC Energy Completes Kenya Block 11A Farm-out to CEPSA
Kenya >> 2/10/2014 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, is pleased to announce the completion of its farm-out agreement with CEPSA (Compania Espanola de Pet...
Woodside Enters Mou With Leviathan Participants
Israel >> 2/7/2014 - Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration (1992) LP, have agreed to convert a previou...
Russia Offers Stake in 10 Exploration Blocks to ONGC
Russia >> 2/7/2014 - Russia's Rosneft, the world's largest listed oil company by output, has offered stake in 10 exploration blocks to the foreign investment arm of India's Oil and Natural Gas Corp, the south Asian nation...
Baytex to Acquire Aurora Oil & Gas
United States >> 2/6/2014 - Baytex Energy Corp.and Aurora Oil & Gas Limited have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the “Arrangement”), 100% of the shares...
Asset Sales by S.Korea Firms May Include Akkas Field
Iraq >> 2/6/2014 - Plans by South Korea's state-run energy firms to sell billions of dollars of overseas assets include the possible sale of stakes in Iraq's Akkas gas field, Australia's Bylong thermal coal fields and C...
Panoro Updates on Divestment Process of Manati
Brazil >> 2/6/2014 - Panoro Energy has agreed with the buyer GeoPark to extend the Long Stop Date for the Sale and Purchase Agreement for the divestment of the Brazilian subsidiary Rio das Contas (the Manati transaction) ...
Total Sells its 15% Interest in Block 15/06 to Sonangol
Angola >> 2/4/2014 - Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approva...
PetraGas Awarded Petroleum Exploration Licence in Tasmania
Australia >> 2/4/2014 - Petratherm advises that its wholly owned subsidiary, PetraGas Pty. Ltd., has been awarded a Petroleum Exploration Licence (EL3/2013) covering approximately 3,900 square kilometres, north of Hobart in ...
IGas Energy Completed Farm-out Agreement with Total E&P UK
United Kingdom >> 2/4/2014 - Further to the announcement of 13th January 2014, IGas, one of the leading producers of onshore oil and gas in the UK, announces the completion of the farm-out agreement with Total E&P UK Limited. IGa...
North Sea Signs Agreement with Ithaca Regarding withdrawal from the Jacky Field
United Kingdom >> 2/4/2014 - North Sea Energy Inc is pleased to announce that, through its wholly owned subsidiary North Sea Energy (UK) Limited (“NSE UK”), the Company has signed an agreement (the “Agreement”) with Ithaca Energy...
FAR Signs Farmout Agreement with Milio for Kenya Block L6
Kenya >> 2/4/2014 - FAR Ltd (FAR) has completed the first farm in deal on its highly prospective onshore and offshore Kenya exploration permit, Block L6, located in the Lamu basin. Under the terms of the farm-in with Mil...
Marathon Announces Purchase of Biodiesel Facility from Felda Iffco
Malaysia >> 2/3/2014 - Marathon Petroleum Corporation announced that it has signed an agreement to purchase a facility in Cincinnati, Ohio from Felda Iffco Sdn Bhd, Malaysia. The plant currently produces several products in...
Range Announces Successful Bid for St. Mary’s Block
Trinidad and Tobago >> 2/3/2014 - The Board of Range has been successful with its bid for the St. Mary’s block in Trinidad following the submission in the Trinidad Onshore Bid Round 2013. The successful bid was formally announced by t...
Vanoil Provides Update on License Renewals in Kenya
Kenya >> 2/3/2014 - Vanoil Energy Ltd., (Vanoil), a Vancouver-based Canadian international oil and gas development company wishes to confirm ongoing discussions with the Kenyan Government with regard to its license renew...
Touchstone Announces Successful Bid in 2013 Bid Round
Trinidad and Tobago >> 2/3/2014 - Touchstone Exploration Inc. is pleased to announce that the Ministry of Energy and Energy Affairs ("MEEA") has informed Touchstone that its application, made through the Company's wholly owned Trinida...
Formal Addendum to Ruvuma Production Sharing Agreement
Tanzania >> 2/3/2014 - Aminex PLC (Aminex) is pleased to announce that a formal Addendum to the Ruvuma Production Sharing Agreement has been signed with the Tanzanian Minister of Energy and Mines. ...
Canacol Acquires COR 4 & COR 12 Blocks
Colombia >> 1/31/2014 - Canacol Energy Ltd is pleased to announce that its subsidiary, Canacol Energy Colombia S.A, has acquired a right to an 80% interest in each of the COR 4 and COR 12 Exploration and Production (“E&P”) c...
Three Petroleum Agreements Signed in Egypt
Egypt >> 1/31/2014 - Petroleum Minister, Eng. Sherif Ismail signed three agreements for the General Petroleum Authority and the Egyptian Natural Gas Holding Company (EGAS) at total investments of 165 million dollars. The ...

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