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Acquisitions and Divestitures News

Maurel & Prom Farms Out Block 116 to Pacific Rubiales
Peru >> 10/12/2011 - Maurel & Prom is pleased to announce that it has reached an agreement with Pacific Rubiales Energy Corp. by which the latter will have access to a 50% working interest in the block denominated Lote 11...
Rockhopper and Desire Agree Falklands Transactions
Falkland Islands >> 10/12/2011 - Desire Petroleum plc, the exploration company wholly focused on the North Falkland Basin, is pleased to announce that it has agreed the terms of a farm-out agreement, subject to the approval of the Fa...
Iranian Contractor Replaces Gazprom to Develop Azar Oil Field
Iran >> 10/11/2011 - The giant Azar oil field is located in Irans western region of Mehran along the border with Iraq.

Based on the contract signed on Tuesday, the field will be developed jointly by OIEC company...
US$30m Bridge Facility with Macquarie Bank
Algeria >> 10/10/2011 - Petroceltic International plc is pleased to announce the agreement of a US$30 million Bridge Facility with Macquarie Bank Limited. ...
Proposed Farm-in to First Marginal Field
Nigeria >> 10/10/2011 - Sirius, the investing company focussed on oil and gas exploration and development opportunities in Nigeria, announces that it has entered into a Financial and Technical Services Agreement ("FTSA" or "...
Kuwait-Sino Petrochemical Project Contract
China >> 10/10/2011 - The agreement of the mega Kuwait-Sino petrochemical project will be signed mid 2012, the Kuwait Petrochemical Industries Company (PIC)-assigned Managing Director of the project Hadi Abul announced. In...
Cooper Energy Farms out Bargou to Dragon Oil
Tunisia >> 10/10/2011 - Dragon Oil plc, an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with a wholly owned subsidiary of Cooper Energy Limited t...
ICOFC in Talks with RIF on Toos Gas Field
Iran >> 10/9/2011 - Managing director of the Iranian Central Oil fields Company announced that the company is in serious talks with Razavi Investment Fund to develop Toos gas field. ...
Rosneft to Pay $1 Bln for Access to Carabobo-Paper
Venezuela >> 10/8/2011 - Russian state-controlled oil giant Rosneft will pay $1 billion for access to Venezuela's Carabobo 2 block and may tie-up with a partner to develop the project, Russian business daily Kommersant report...
Pancontinental Completes Block L8 Farm Out to Tullow
Kenya >> 10/7/2011 - Pancontinental Oil & Gas NL (Pancontinental) is pleased to announce the completion of a farmout of part of its interest in Kenya licence L8 to Tullow Kenya B.V. a wholly owned subsidiary of Tullow Oil...
Assignment’s Completion of Additional Stakes in Ruvuma PSA
Tanzania >> 10/6/2011 - Solo Oil plc announces completion of the assignment of additional interests in the Ruvuma Basin PSA in Tanzania from Tullow Tanzania BV (Tullow). Further to the announcement on 8 September 2011, Tanza...
Acquisition of New Exploration Block in Morocco
Morocco >> 10/6/2011 - East West Petroleum Corp. is pleased to announce the Company has acquired an interest in a large prospective exploration block onshore Morocco. The Petroleum Agreement was signed with the Office Nati...
Completion of Kenya Offshore Farm-In to TOTAL
Completion of Kenya Offshore Farm-In to TOTAL Kenya >> 10/6/2011 - Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited together with its partners, Anadarko Kenya Company, ...
Dominion Farms Out Deepwater Block 7 to Mubadala
Tanzania >> 10/5/2011 - Dominion is pleased to announce that it has agreed to farm-out a 20% working interest in Block 7, deepwater Tanzania to a subsidiary of Mubadala Oil & Gas (Mubadala). Following the completion of the t...
Eni Awarded Block North Ganal in Indonesia
Indonesia >> 10/4/2011 - In the 1st Indonesian International Bid Round 2011, Eni, as part of a consortium including Niko Resources Ltd., Black Platinum Energy Ltd, Statoil ASA and GDF SUEZ has been awarded the North Ganal Blo...
Petrobras Farms Out Deepwater Blocks 5 & 6 to Shell
Tanzania >> 10/3/2011 - Brazilian state-owned oil giant Petrobras said it has agreed to grant 50 percent of its interest in two blocks in Tanzania to Shell Deepwater Tanzania BV. Financial details of the transaction were not...
White Rose Increases Its Interest in Block H
Equatorial Guinea >> 10/3/2011 - The oil company White Rose Energy has announced a farm-in to Block H in Equatorial Guinea, which contributes to an advancement of the exploration activities in the block. An exploration well is going ...
Consol Closes The Joint Develop of Marcellus Acreage
United States >> 10/3/2011 - CONSOL Energy Inc. (CNX) announced that it has closed on its previously announced agreement with Noble Energy, Inc. (NBL) to jointly develop CONSOL's Marcellus Shale assets in Pennsylvania and West Vi...
Air Products Takes 25% Stake in AHG Gases Businesses
Saudi Arabia >> 9/29/2011 - Air Products announced it has agreed to acquire a 25 percent stake in the gases and equipment businesses of Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), a company of the privately owne...
GAIL Acquires Shale Gas Assets in Texas with Carrizo
India >> 9/29/2011 - GAIL (India) Limited has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc formed on 26th September 2011. ...

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