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Acquisitions and Divestitures News

QFIB Acquires Stake in Kuwait Energy Company
Qatar >> 7/2/2011 - Qatar First Investment Bank (QFIB) announced the acquisition of a US$16 million stake in Kuwait Energy Company, a leading Middle Eastern independent oil and gas exploration and production company head...
Petrofac Elects Not to Exercise NT/P68 Option
Australia >> 7/1/2011 - MEO Australia Limited advises that Petrofac Energy Developments (Petrofac) has elected not to exercise its option to acquire 5% interest in NT/P68 & Tassie Shoal Projects. The option, which expired on...
Republic of Chad Awards ERHC Three Oil Blocks
Chad >> 6/30/2011 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in West Africa, announced that the government of the Republic of Chad has formally awarded the company three oil blocks for ...
TransGlobe Acquires Interest in South Alamein
Egypt >> 6/29/2011 - TransGlobe South Alamein Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, has entered into a SPA to acquire Cepsa Egypt's 50% operated working interest in South Alamein for $3.0 milli...
Transatlantic May Sell Existing Operations in Morocco
Morocco >> 6/28/2011 - TransAtlantic Petroleum Ltd said in a regulatory filing that one of its exploration well in Morocco is likely to be abandoned, and the company will likely seek to sell or farm-out its existing operati...
Gas Natural to Acquire 10% in Medgaz PL Consortium
Algeria >> 6/27/2011 - Spain's Gas Natural is to acquire a 10-percent stake in the Medgaz pipeline consortium from Algerian state energy firm Sonatrach, Sonatrach's chief executive Nourredine Cherouati said. "We are going t...
Mediterranean Farms Out Malta Area 4 PSC to Dominion
Malta >> 6/24/2011 - Mediterranean Oil & Gas (MOG) announced it has entered into a conditional agreement with Dominion Petroleum (DPL) to farm-out a 75% operated working interest in a production sharing contract for four ...
Rocksource Divests its US Onshore Assets
United States >> 6/24/2011 - Rocksource ASA announces that its US subsidiaries have sold the US onshore producing fields to a Texas-based oil and gas company. The transaction also terminates potential arbitration proceedings from...
Sonde Resources Completes the Sale of Block 5(C)
Trinidad and Tobago >> 6/23/2011 - Sonde Resources Corp. (Sonde) announced that it will receive a total of US$97.0 million from the sale of Sonde’s 25% interest in Block 5(c), located off the east coast of Trinidad and Tobago. Sonde so...
AsherXino Completes Farm Out Agreement with Petrolog Group
Nigeria >> 6/23/2011 - AsherXino Corporation is pleased to announce that it has completed a farm out and partnership agreement with Petrolog International Group for its offshore Nigeria concession. AsherXino had earlier rec...
Premier Oil Acquires Wytch Farm Assets
United Kingdom >> 6/20/2011 - Premier announces that it has agreed to acquire an interest of 17.715 per cent in Wytch Farm (the “Wytch Farm Assets”) for an initial cash consideration of $96 million. This follows a pre-emption noti...
Petrobras Acquires 50% in Mbeli and Ntsina Blocks
Gabon >> 6/17/2011 - Petroleo Brasileiro S.A. - Petrobras, announces it has acquired, by means of its wholly-owned subsidiary Petrobras Participaciones S.L. – PPSL, 50 per cent of the stakes in the Ntsina Marin and Mbeli ...
Karachaganak Owners to Cede 10 Pct to State
Kazakhstan >> 6/16/2011 - The consortium that owns the Karachaganak gas field in Kazakhstan has agreed to cede a 10 percent stake to the state, ending months of wrangling over its ownership, three sources close to the talks.
New World Completes a FOA for Blue Creek Project
Belize >> 6/16/2011 - New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that it has completed a Farm-Out Agreement (FOA) to acquire up to a 100% participat...
NZOG Granted Diodore Tunisian Permit
NZOG Granted Diodore Tunisian Permit Tunisia >> 6/15/2011 - NZOG (New Zealand Oil & Gas Ltd) is pleased to announce that it has been granted a permit in the Mediterranean's Gulf of Gabes, an established oil and gas-producing region off the coast of Tunisia. A ...
Origin and Apache Complete Agreement for Block L8
Kenya >> 6/15/2011 - Origin Energy Limited, on behalf of its wholly owned subsidiary Origin Energy Kenya Pty Ltd (Origin) advises that it has completed an agreement with a subsidiary of US independent Apache Corporation (...
Mitsui Executes Galilee Basin Farm-In Agreements with Westside
Australia >> 6/14/2011 - WestSide Corporation Limited is pleased to advise that Mitsui E&P Australia Pty Ltd (Mitsui) has executed farm-in agreements with WestSide to acquire a 49 per cent interest in each of the Company’s Ga...
ATP Oil & Gas Acquires Three Licenses Offshore Israel
Israel >> 6/13/2011 - ATP Oil & Gas Corporation and its wholly owned subsidiary ATP East Med B.V. (ATP East Med) have acquired the Shimshon, Daniel East and Daniel West licenses in offshore Israel and the Israeli governmen...
Alkane Acquired Interests in 2 Gas Licences
United Kingdom >> 6/10/2011 - Alkane announced that it had agreed to acquire interests in two onshore gas exploration licences (“Licences”) via the conditional acquisition of the entire issued share capital of Seven Star Natural G...
Santos Farms-In as Operator to Carnarvon Basin Permits
Australia >> 6/10/2011 - Santos announced its acquisition of a 75% interest in the Carnarvon Basin permits WA-323-P and WA-330-P that host Winchester, a large prospect which has a geological setting similar to the recent Zola...

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