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Acquisitions and Divestitures News

Tap Oil Farms Out Accra Contract Area to Ophir Energy
Tap Oil Farms Out Accra Contract Area to Ophir Energy Ghana >> 12/13/2012 - Tap Oil Limited is pleased to announce that the Contractor Group has executed a farmout of a portion of their interests in the Offshore Accra Contract Area, Ghana. Under the terms of the Farmout Agree...
Enegi Enters into Dead Sea / WadiAraba Block, Jordan
Jordan >> 12/13/2012 - Enegi is delighted to announce that it has entered into an agreement with Korea Global Energy Corporation (KGEC) in relation to a highly prospective project in the Hashemite Kingdom of Jordan. ...
Lukoil Overseas Completes Sale of Colombian Asset
Colombia >> 12/12/2012 - LUKOIL Overseas, an OAO LUKOIL subsidiary, has made a deal to sell its interest in the Condor exploration and development project in Colombia. ...
Triangle Energy Signs LOI with ONHYM in Morocco
Morocco >> 12/12/2012 - Triangle Energy has signed a letter of intent (LOI) with Office National des Hydrocarbures et des Mines (ONHYM) that retains for Triangle Energy both onshore and offshore acreage for the purpose of ex...
Sea Dragon Acquires Producing Oil Assets in Egypt
Egypt >> 12/7/2012 - Sea Dragon Energy Inc. is pleased to announce that its wholly owned subsidiary Sea Dragon Energy Holding Ltd. (“Sea Dragon Holding”) has completed the acquisition (the “Acquisition”) of all of the iss...
Reliance Divests Yemen Block-9 to Medco
Yemen >> 12/5/2012 - Reliance Exploration and Production DMCC, a wholly owned subsidiary of Reliance Industries Ltd. (RIL), has signed the completion documents for divestment of its 25 percent Working Interest in the Prod...
INA d.d. to Expand Activities in Egypt
Egypt >> 12/5/2012 - At the East Yidma Concession INA exercised its pre-emption right to acquire RWE Dea AG’s 50% participating interest (with which INA will have 100% stake). With closing of this transaction Egyptian res...
Agreement Completed Between Medcoenergi & Puma Energy
Indonesia >> 12/4/2012 - Puma Energy LLC (Puma Energy), the global midstream and downstream energy company, completed the purchase of 63.88% of PT Medco Sarana Kalibaru (“MSK”), the fuel storage and distribution subsidiary of...
Stetson Extends Option for West Africa Assets
Canada >> 12/4/2012 - Stetson Oil & Gas Ltd. reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private company ("Privateco"), as extended on Octob...
Clontarf Provides Updates on Peruvian Discussions
Peru >> 12/4/2012 - Clontarf Energy plc reports progress on its partnership discussions with several interested parties on its 100 per cent owned Blocks 183 and 188 in Peru. Block 183 in central Peru covers 396,826 hecta...
Edgo Energy Signs Two PSCs for Blocks L-14 & L-26
Kenya >> 12/4/2012 - Edgo Energy has confirmed that it is actively pursuing Exploration and Production opportunities in Africa. Edgo Energy has signed two production sharing contracts with Kenya's Ministry of Energy. ...
Woodside Acquires Interest in Leviathan Gas Field
Israel >> 12/3/2012 - Woodside has reached an agreement in principle to acquire a participating interest in one of the largest recent gas discoveries worldwide, which could see the company play a key role in the potential ...
Galp Enters Into Farmin Agreement for Offshore Morocco
Morocco >> 12/2/2012 - Galp Energia announces its has entered into a farm-in agreement with the Australian company, Tangiers Petroleum Limited (Tangiers), for the acquisition of a 50% stake in the Tarfaya Offshore area, com...
RWE About to Quit Nabucco, Could Sell Stake to OMV
Turkey >> 12/2/2012 - German utility RWE is about to quit the Nabucco gas pipeline project and could sell its 16.1 percent stake in the scheme to fellow shareholder OMV, Focus reported, citing industry sources. ...
TAQA Disposes of Stake in WesternZagros
United Arab Emirates >> 11/30/2012 - Abu Dhabi National Energy Company PJSC (TAQA) disposed of its entire holding in WesternZagros Resources Ltd. (WesternZagros) which holds two oil and gas production sharing contracts in the Kurdistan R...
TAQA Acquires Operating Interest in Kurdistan Block
TAQA Acquires Operating Interest in Kurdistan Block Iraq >> 11/30/2012 - Abu Dhabi National Energy Company PJSC (TAQA) has signed an agreement to acquire a 53.2% interest in the Atrush block in the Kurdistan region of Iraq from General Exploration Partners, Inc., an affili...
CGX Announces New Corentyne License
Guyana >> 11/29/2012 - CGX Energy Inc is pleased to announce that the Company has transitioned to a new Corentyne petroleum agreement ("Corentyne PA") and petroleum prospecting license ("Corentyne PPL") offshore Guyana effe...
LUKOIL to Decide on Iraq's W.Qurna-1 Oilfield
LUKOIL to Decide on Iraq's W.Qurna-1 Oilfield Iraq >> 11/28/2012 - Russia's No.2 crude producer LUKOIL will take a decision by year-end on whether to replace ExxonMobil in the supergiant West Qurna-1 oilfield in Iraq, the head of LUKOIL said. ...
BP to Sell its North Sea Assets to Taqa for $1.1 Billion
BP to Sell its North Sea Assets to Taqa for $1.1 Billion United Arab Emirates >> 11/28/2012 - BP announced that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, ...
ADX Signs LOI for Farmout of Chorbane Permit
Tunisia >> 11/27/2012 - ADX Energy Limited announces that its wholly-owned subsidiary Alpine Oil & Gas Pty Ltd. (Alpine) has entered into a letter of intent (LOI) with Rift Basin International Corp. (Rift). Under the terms o...

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