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Acquisitions and Divestitures News

Faroe Acquires 12.5% Interest in Darwin Prospect in PL531
Norway >> 8/23/2012 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announc...
United Hydrocarbon Acquires a PSC in Chad
Chad >> 8/23/2012 - United Hydrocarbon International Corp, a privately held oil and gas company, is pleased to announce completion of the acquisition of a Production Sharing Contract ("PSC") in the Republic of Chad. The ...
Total Acquires a 75% Interest in Offshore Block SC56
Philippines >> 8/23/2012 - Total E&P Philippines B.V. (Total) announces the signature of a Farm out Agreement with Mitra Energy (Philippines SC-56) Limited (Mitra), based in Kuala Lumpur, Malaysia, to acquire a 75% interest in...
Genel to Farm-in Sidi Moussa Exploration Permits
Morocco >> 8/23/2012 - LONGREACH OIL AND GAS LIMITED, an independent oil and gas company holding exploration and near term development licences in Morocco, is pleased to announce that, subject to the consent of the Ministry...
INPEX Acquires Stake in Block 14 Offshore Angola
Angola >> 8/21/2012 - INPEX CORPORATION has agreed with TOTAL S.A. that it will, through its affiliate, INPEX Angola Block 14 Ltd., acquire a 9.99% indirect interest in Block 14 offshore Republic of Angola. The transaction...
Genel Increases its Stake in Kurdistan's Miran Field
Genel Increases its Stake in Kurdistan's Miran Field Iraq >> 8/21/2012 - Heritage, an independent upstream exploration and Production Company, and its wholly owned subsidiary, Heritage Energy Middle East Limited (HEME), announce signed binding agreements with Genel Energy ...
Pioneer Closes the Sale of South Africa Business to PetroSA
South Africa >> 8/20/2012 - Pioneer Natural Resources Company announced that the Company closed its previously announced sale of its South Africa business to The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd. (Petr...
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...
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...
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...
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...
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...
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, ...

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