Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

OGX to Sell 40% Stake to Lukoil in Tubarao Martelo
Brazil >> 4/21/2013 - OGX Petroleo e Gas SA, the flagship of Brazilian billionaire Eike Batista's troubled EBX group, is negotiating the sale of a 40 percent stake to Russia's Lukoil in a rescue plan that also involves Mal...
Turkey's Soma Group to Explore Oil in South Kordofan
Sudan >> 4/21/2013 - The Sudanese Ministry of Oil signed a Memorandum of Understanding (MOU) with the Turkish company Soma Group by which it will grant the latter a concession to begin oil exploration and production in bl...
Soumar Oil Field Development Contract Inked
Iran >> 4/20/2013 - A contract was signed on Saturday for the development of Sumar oil field in western Iran. ...
Oilex Awarded Canning Basin Permit
Australia >> 4/19/2013 - Oilex Ltd is pleased to announce that it has accepted an offer for Special Prospecting Authority (SPA)-0055 which covers acreage in the onshore Canning Basin of Western Australia. SPA-0055 encompasses...
Petroceltic awarded New Egyptian Exploration Licence
Petroceltic awarded New Egyptian Exploration Licence Egypt >> 4/19/2013 - Petroceltic International plc ("Petroceltic" or the "Company"), the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and the Black Sea regions is plea...
Entry into Transfer Agreement in Respect of Block L9
Kenya >> 4/19/2013 - Vanoil Energy Ltd., a TSX-V-listed oil and gas company with a portfolio of assets in East Africa (Vanoil), is pleased to announce that, following the announcement on 26 March 2013, confirming its inte...
Strike Announces $3.5 Mln Sale of Carnarvon Basin permits
Australia >> 4/18/2013 - Strike Energy has entered into an agreement to sell its wholly owned subsidiary, Strike Energy Western Australia, for a cash consideration of $3.5 million to Torrens Energy. ...
Zion Applies for New Exploration License in Israel
Israel >> 4/18/2013 - Zion Oil & Gas, Inc. (Zion) (ZN) announced that, on April 16, 2013, Zion submitted to Israel’s Petroleum Commissioner and other Ministry officials an application seeking a Petroleum Exploration Licens...
Hess to Sell One Stake in Algeria to Cepsa
Algeria >> 4/17/2013 - Hess Corp will sell one of its only two Algerian oil stakes to Spain's Cepsa, already heavily involved there, due to poor return potential, a source close to the deal said. ...
PETRONAS Denies Deal to Acquire Stake in Brazil
Brazil >> 4/17/2013 - In response to press reports on PETRONAS’ possible acquisition of OGX Petroleo & Gas Participacoes SA (OGX)’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin, PETRONAS would like to...
Panoro Decides not to Participate in Bid Round 11
Brazil >> 4/16/2013 - Panoro Energy ASA announces that the company has decided not to participate in the 11th Bidding Round in Brazil and consequently has informed the Brazilian National Petroleum Agency (ANP) accordingly....
Woburn Energy Provides Corporate Update
Colombia >> 4/15/2013 - On 22 August 2012 Woburn announced the consideration payment dates in respect of the disposal by Woburn's 51 per cent. owned subsidiary, LQRC, of its 50 per cent. working interest in the Las Quinchas ...
Shell to Sale Selected Downstream Businesses in Italy
Italy >> 4/15/2013 - Shell announces that it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy. ...
OMV Buys RWE Stake in Nabucco Gas Pipeline
Turkey >> 4/14/2013 - Austrian energy group OMV has bought German utility RWE's nearly 17 percent stake in the Nabucco pipeline project that aims to bring Caspian gas to Europe,. ...
Eni Awarded New Exploration Area in Timor Sea, Australia
Eni Awarded New Exploration Area in Timor Sea, Australia Australia >> 4/13/2013 - Eni has been awarded a new exploration Production Sharing Contract (“PSC‘) covering an area of 662 sqkm adjacent to the offshore Kitan field, in the Timor Sea. ...
Westbridge Receives Extension on Ropat Acquisition
Namibia >> 4/11/2013 - Westbridge Energy Corporation announces it has received an extension on the timeframe to close the acquisition with Ropat Petroleum Investments (PTY) Ltd. ("Ropat") to acquire a majority interest in t...
Dabbagh Group Set to Buy out Stack in Lubricant Venture
Saudi Arabia >> 4/9/2013 - Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner's stake in a lubricant venture in the kingdom, a deal prompted by strategy differences between the pa...
Statoil & SOCAR Sign MoU to Explore New Caspian Acreage
Statoil & SOCAR Sign MoU to Explore New Caspian Acreage Azerbaijan >> 4/8/2013 - Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani se...
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale Australia >> 4/5/2013 - Karoon Gas Australia has notified ConocoPhillips' of its intention not to exercise its right to pre-empt the proposed sale by ConocoPhillips of a 20% interest in Browse Basin exploration Blocks WA-315...
ExxonMobil to Explore Offshore Liberia Block 13
Liberia >> 4/5/2013 - Exxon Mobil Corporation announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than ...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.