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Acquisitions and Divestitures News

CNPC & Ecuadorian Authorities Sign an Agreement
Ecuador >> 6/6/2013 - CNPC Chairman Zhou Jiping called on Ecuadorian Vice President Jorge Glas in Quito, Capital City of the South American country. They had an extensive and in-depth discussion on promoting oil and gas co...
DNO Grows Tunisian Exploration & Production Portfolio
Tunisia >> 6/4/2013 - DNO International ASA, the Norwegian oil and gas company, announced that its wholly-owned subsidiary DNO Tunisia AS has entered into a farm-out agreement with respect of the Sfax Offshore Exploration ...
Tap Oil Farmout WA-320-P / WA-155-P Permits
Australia >> 6/4/2013 - Tap Oil Limited is pleased to announce that its wholly owned subsidiary Tap (Shelfal) Pty Ltd has entered into an agreement with JX Nippon Oil and Gas Exploration (Australia) Pty Ltd to farmout a port...
Andes Acquires 49.92% from Mercuria in Argentina
Argentina >> 6/4/2013 - The Board of Andes, the Latin American E&P group, is pleased to announce the acquisition of a 49.92% interest in a JV which operates two oil producing fields in the province of Mendoza and the agreeme...
Cooper Increasing Focus on Australia with Divestment of Tunisia
Tunisia >> 6/4/2013 - Cooper Energy Limited announces that it will commence a process for the divestment of its extensive Tunisian oil and gas acreage interests after the completion of the Hammamet West-3 well which is cur...
Morocco to Negotiate for a New Foum Ognit Block
Morocco >> 6/1/2013 - Morocco claims to be in negotiation with an oil company for a new block offshore Western Sahara. The new block, labelled Foum Ognit Offshore is located just south west of the capital city of Western S...
Ghana Government Approves Development Plan for TEN Project
Ghana Government Approves Development Plan for TEN Project Ghana >> 5/30/2013 - Tullow Oil plc (Tullow) announces that the Government of Ghana has formally approved the Development Plan for the Tweneboa-Enyenra-Ntomme Development (the TEN Project). The approval paves the way for ...
Aminex Receives Consent to Vary the Terms of Ruvuma PSA
Tanzania >> 5/30/2013 - Aminex PLC, a Listed oil and gas company active on the coastal margin of East Africa, announces that it has received a letter of consent from Tanzanian Petroleum Development Corporation (TPDC), the st...
Government Approval of Senegal Farm In
Senegal >> 5/30/2013 - FAR Limited has secured Ministerial approval for its farm in agreement of its 3 offshore Senegal Blocks, to leading UK independent oil and gas company Cairn Energy PLC (Cairn). The terms of the farm-i...
Enquest Announces its Entry into North Africa
Tunisia >> 5/29/2013 - EnQuest PLC announces that it has agreed with Swedish oil and gas company, PA Resources AB and certain of its subsidiaries (“PA Resources”) to acquire a 70% participating interest in and operatorship ...
Fastnet Farmed into Moroccan Tendrara Lakbir Licence
Morocco >> 5/29/2013 - Fastnet the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, is pleased to announce that its wholly owned subsidiary Pathfinder Hydrocarbon Ventures Limited (...
Rosneft Agree with INPEX on Joint Offshore Operations
Rosneft Agree with INPEX on Joint Offshore Operations Russia >> 5/29/2013 - Rosneft signed a cooperation agreement with INPEX CORPORATION (INPEX) to jointly explore license offshore blocks Magadan-2 and Magadan-3 in the Russian section of the Sea of Okhotsk. Estimated recover...
GDF SUEZ Joins Nabucco West Gas Pipeline Project
GDF SUEZ Joins Nabucco West Gas Pipeline Project Turkey >> 5/28/2013 - GDF SUEZ has signed an agreement with OMV Gas and Power, Austrian energy group to purchase a ca. 9% share in the Nabucco West gas pipeline project, which will connect Turkey and Austria. The aim of th...
Otis Energy Signs Agreement with Mitsui E&P
Yemen >> 5/28/2013 - Otis Energy Limited is pleased to announce that it has signed an Agreement with Mitsui E & P Middle East B.V. in relation to its 8.5% Working Interest (10% paying interest) in the Block 7 Permit in Ye...
Changes of Participating Interest in Abadi LNG Project
Indonesia >> 5/28/2013 - INPEX CORPORATION (INPEX) is pleased to announce that its affiliate, INPEX Masela, Ltd. and Shell Upstream Overseas Services Limited, a subsidiary of Royal Dutch Shell plc (Shell), have signed an Agre...
Brasoil Acquires Four Blocks in Round 11 Auction
Brazil >> 5/25/2013 - On May 14, 2013 Brasoil was successful in acquiring the rights to four blocks at the Round 11 auction in Brasil. Three of the blocks are in the shallow water of the Foz do Amazonas basin (FZA-M-254, F...
3D Oil Awarded Permit Adjacent Thylacine Gas Field
Australia >> 5/24/2013 - 3D Oil Limited is pleased to advise it has been awarded a new exploration permit, T/49P in the offshore Otway Basin of Tasmania, bid on in 2012 Australian Offshore Gazettal round. ...
Decision Regarding Asset Sales in Argentina
Argentina >> 5/24/2013 - Petrobras, in reference to previously released information regarding the sale of its assets in Argentina, informs that its Executive Board evaluated the terms of the negotiations of these assets and d...
Statoil Farms into Exploration License in Tanzania
Tanzania >> 5/24/2013 - Petrobras announces that its wholly-owned subsidiary Petrobras Tanzania Ltd. has signed a farm-out agreement for the sale of a 12% working interest in Block 6 license offshore Tanzania to Statoil Tanz...
MEO Awarded Bonaparte Basin Exploration Permit WA-488-P
Australia >> 5/23/2013 - MEO Australia Limited advises that it has has been awarded a new exploration permit, WA-488-P in the Bonaparte basin, as part of the 2012 Gazettal Round. MEO will hold 100% interest in the permit. ...

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