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Acquisitions and Divestitures News

Africa Oil Completes Farmout With New Age and Twiga Update
Ethiopia >> 10/26/2012 - Africa Oil Corp is pleased to report that it has completed the previously announced (July 23, 2012) farmout agreement with New Age (African Global Energy) Limited ("New Age") whereby New Age acquired ...
Adira Announces the Farm-Out of All Offshore Licenses
Israel >> 10/26/2012 - Adira Energy Ltd. is pleased to announce that it has entered into a series of agreements to farm out 5% of its working interest in its Gabriella license, 10% of its Yitzhak license, and 10% of its Sam...
Tethys & IOC Signed MOU to Acquire Tajikistan PSC
Tajikistan >> 10/26/2012 - Tethys Petroleum Limited announced that Kulob Petroleum Limited, its subsidiary, which is the Contractor party to the Bokhtar Production Sharing Contract ("Bokhtar PSC") in Tajikistan, has signed a Me...
Chariot Acquires Interest Offshore Morocco
Morocco >> 10/25/2012 - Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has en...
NZOG Acquires 6.667% in PEL 38451
New Zealand >> 10/24/2012 - New Zealand Oil & Gas Limited will not proceed with a conditional agreement to acquire a 6.667 per cent interest in Petroleum Exploration Permit 38451 (Romney). ...
Woodside Makes Offer for Stake in Leviathan Field
Israel >> 10/23/2012 - Australia's Woodside Petroleum has submitted a bid to buy a share of Leviathan, a huge natural gas find off Israel's Mediterranean shores, in another move that will expand its reach outside of Austral...
Honeywell Completes Acquisition of Thomas Russell Co.
Honeywell Completes Acquisition of Thomas Russell Co. United States >> 10/22/2012 - Honeywell announced that its UOP business has completed its acquisition of a 70 percent stake in Thomas Russell Co., a leading provider of technology and equipment for natural gas processing and treat...
Africa Oil Completes Kenyan Farmout with Marathon Oil
Kenya >> 10/22/2012 - Africa Oil Corp. is pleased to announce that it has completed the Kenyan portion of the previously announced (July 23, 2012) farmout agreement with Marathon Oil Corporation whereby Marathon Oil acquir...
Statoil & Wintershall Shuffle North Sea Offshore Interests
Norway >> 10/22/2012 - Statoil ASA has signed an agreement to exit the Brage licences, farm down in Gjoa and Vega and acquire a 15% stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. This tran...
Woodside Agrees to Terms for Myanmar Entry
Myanmar >> 10/19/2012 - Woodside advises that Daewoo International Corporation has accepted an offer by Woodside to farm-in to the Production Sharing Contract for Block AD-7 in the Rakhine Basin, located in the western offsh...
Exxon Seeks to Quit Flagship Iraq Oil Project
Exxon Seeks to Quit Flagship Iraq Oil Project Iraq >> 10/18/2012 - ExxonMobil wants to leave its giant oilfield project in southern Iraq, diplomatic sources said, in a move likely to aggravate the country's internal tensions and hamper Baghdad's ambitious energy expa...
OMV Farms Into Edvard Grieg Offshore Norway
Norway >> 10/16/2012 - OMV acquires a 20% stake in the Edvard Grieg field (formerly Luno, Production Licence 338). The agreement with the seller RWE Dea was signed on October 16. OMV will gain access to 2P reserves in exces...
Moroccan Government Approval for Foum Assaka Farm In
Morocco >> 10/16/2012 - Fastnet Oil and Gas plc, the recently listed E&P company focussed on near term exploration acreage in the Celtic Sea and Africa, is pleased to announce that following the acquisition of Pathfinder Hyd...
Minexco Announces Operatorship for Block SL 7A-10
Sierra Leone >> 10/15/2012 - Minexco S.L Limited is pleased to announce it has executed a Petroleum License along with Signet Petroleum, with the Petroleum Directorate of Sierra Leone for Block SL7A-10 on 12th September 2012. The...
Tullow Enters Greenland Farm-In with Maersk Oil
Greenland >> 10/15/2012 - Tullow Oil plc (Tullow) announces that Naalakkersuisut, Greenland’s Government, has approved an agreement with Maersk Oil for Tullow to take a non-operated 40 per cent equity position in Block 9 (Tooq...
Brandenburg Signs MOU for 60% interest on 4 Blocks in Niger
Niger >> 10/15/2012 - Brandenburg Energy Corp has signed a Memorandum of Understanding ("MOU") to acquire a 60% interest in the PSAs (Production Sharing Agreements) for four oil & gas blocks in the Republic of Niger. These...
Russia Invites ONGC to Buy Stake in Madagan 2 Field
Russia >> 10/14/2012 - Russia has invited India's Oil and Natural Gas Corp Ltd to consider buying a stake in the Madagan 2 field operated by Rosneft in the northern part of the Sea of Okhotsk. ...
Forest Agreement to Sell South Louisiana Properties
United States >> 10/12/2012 - Forest Oil Corporation (Forest or the Company) announced that it has entered into a definitive agreement to sell all of its properties located in South Louisiana for approximately $220 million. The tr...
Otto Obtains Philippines Government Approval for SC-51
Otto Obtains Philippines Government Approval for SC-51 Philippines >> 10/12/2012 - Otto Energy Ltd announces that approval from the Philippines Department of Energy has been received for an extension to the SC-51 current Sub-Phase until 31 January 2013. This extension has been appro...
Update on Strategic Review for Panoro's West Africa Portfolio
Gabon >> 10/11/2012 - Panoro Energy ASA, the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that it has received contingent offers for parts of its West African portfolio. The...

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