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Acquisitions and Divestitures News

Gulf United Announces Acquisition in Block Vim-2
Colombia >> 8/20/2012 - Gulf United Energy, Inc., an independent energy company with interests in oil and natural gas properties located in Colombia and Peru, has filed a Current Report on Form 8-K with the Securities and Ex...
Oracle Signs MOU with Bolad Energy
Nigeria >> 8/20/2012 - Oracle Energy Corp is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Bolad Energy Company Ltd, a Nigerian registered corporation. Oracle's objective in securin...
ShaMaran Sells Interest in Taza Block
Iraq >> 8/20/2012 - ShaMaran Petroleum Corp. is pleased to announce the sale of ShaMaran's entire 20% undivided participating interest in the Taza PSC (held by the fully-owned subsidiary ShaMaran Petroleum B.V.) to a sub...
Zhaikmunai to Acquire Neighbouring Oil & Gas Fields
Kazakhstan >> 8/19/2012 - Zhaikmunai LP, the oil and gas exploration and production enterprise with assets in north-western Kazakhstan announces that Zhaikmunai LLP signed Asset Purchase Agreements to acquire 100% of the subso...
PetroSA & Cairn Sign Agreement for Block 1
South Africa >> 8/16/2012 - PetroSA and Cairn India Group signed a farm-in agreement for crude oil and natural gas exploration in the offshore Block 1 in the Orange Basin on the west coast of South Africa. The closure of the tra...
Elenilto Wins Sierra Leone's Oil Block Tender
Sierra Leone >> 8/16/2012 - In an internationally competitive tender of the government of Sierra Leone, ELENILTO has been awarded the majority stake and being the operator of the promising offshore oil block SL-07A-10. The award...
Agreement to Sell East Texas Gathering Assets
United States >> 8/15/2012 - Forest Oil Corporation (Forest or the Company) announced that it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream...
InfraStrata Farms Out Additional Interest in P1918 to Corfe
United Kingdom >> 8/14/2012 - InfraStrata plc, the independent gas storage and petroleum exploration company, is pleased to announce that it has farmed out a further 8% interest in English Channel licence P1918 to Corfe Energy Lim...
Statoil Farms Down in Mozambique Licence
Mozambique >> 8/14/2012 - Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow). The licence, which consists of two blocks under one licence agreement...
Total to Halt Kurdish Deals or Sell Halfaya Stake
Total to Halt Kurdish Deals or Sell Halfaya Stake Iraq >> 8/13/2012 - Iraqi authorities have warned France's Total that it must freeze its energy deal with Iraq's autonomous Kurdistan region or sell its stake in the Halfaya oilfield, a government official said. Total la...
New Zealand Permit Goes Back to the State
New Zealand >> 8/10/2012 - NZOG advises that after an extensive technical review the joint venture partners of PEP 38259 in the Canterbury Basin, have agreed that the permit will be relinquished back to the Crown. NZOG holds a ...
Medco Acquires Interest in Block 9 (Malik) in Yemen
Yemen >> 8/8/2012 - Medco Energi has signed a Sale and Purchase Agreement (SPA) with Reliance Exploration & Production DMCC (REPDMCC) to acquire 25% participating interest in Block 9 (Malik) Republic of Yemen on July 5 2...
WesternZagros Secures C$57m Financing from Crest
Iraq >> 8/7/2012 - WesternZagros Resources Ltd. has signed a strategic investment agreement (the Agreement) with Crest Energy International LLC (Crest). Under the Agreement, Crest will purchase, through a non-brokered, ...
Acquisition of Exium Technologies by Vitzrocell
Acquisition of Exium Technologies by Vitzrocell South Korea >> 8/7/2012 - Exium Technologies is pleased to announce that Vitzrocell Co. LTD has acquired Exium Technologies, Inc. On August 3rd, Vitzrocell acquired 100% of the shares of Exium Technologies. This acquisition i...
Genel to Acquire an Additional Interest in Bina Bawi Block
Genel to Acquire an Additional Interest in Bina Bawi Block Iraq >> 8/6/2012 - Genel Energy plc announces that it has agreed to acquire an additional 21 per cent interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy Ltd (the Transaction) ...
Agreements on Halegan & Sephid Fields Development to Be Signed
Iran >> 8/5/2012 - Agreements on the development of two gas fields Halegan and Sephid Baghun will be signed between ICOFC and Khatam ol-Anbia headquarters. ...
GE Acquired 21% Stake in Bina Bawi Licence
GE Acquired 21% Stake in Bina Bawi Licence Iraq >> 8/3/2012 - On 14 May 2012, Genel Energy plc ("Genel Energy") announced that it intended to acquire a 23 per cent interest in the Bina Bawi exploration licence. The acquisition was to be made through the purchase...
Eni Enters Liberia with the Acquisition of 3 Exploration Blocks
Liberia >> 8/2/2012 - Eni has signed a sale and purchase agreement with Chevron for a 25% interest in the LB 11, LB12 and LB14 blocks offshore Liberia. ...
Niger Approves PSC over Four Blocks
Niger >> 8/2/2012 - International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that the Council of Ministers of the Republic of Niger has considered a...
Gazprom Neft Expands Presence in the Republic of Iraq
Iraq >> 8/1/2012 - Gazprom Neft through its subsidiary Gazprom Neft Middle East B.V. has entered new hydrocarbon exploration and production projects in Iraq. The company signed two production-sharing contracts (PSC) wit...

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