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Acquisitions and Divestitures News

Sun River Completes Acquisition of Katy's Assets
United States >> 2/10/2011 - Sun River Energy, Inc. closed the purchase of certain oil and gas interest under a definitive Purchase and Sale Agreement (PSA) with Katy Resources ETX, LLC (Katy). Under the PSA Sun River acquired a ...
Encana to Establish Joint Venture with Petrochina
Canada >> 2/9/2011 - Encana Corporation has signed a Co-operation Agreement with PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited, that would see PetroChina pay C$5.4 billion...
Transocean Leader Awarded Three-Year Contract
Norway >> 2/9/2011 - Transocean Ltd. announced that its high-specification semisubmersible rig Transocean Leader has been awarded a three-year contract by a subsidiary of Statoil ASA for operations in Norway. The contract...
TNK-BP's Kovykta Auction Postponed By 2 Weeks
Russia >> 2/8/2011 - The sale of the licence holder of the giant Kovykta gas field, majority-owned by Russia's TNK-BP, has been postponed for two weeks and will be held on March 1, the sale administrator said on Tuesday. ...
INPEX Acquires Interest in Walker Ridge Blocks
United States >> 2/7/2011 - INPEX CORPORATION is pleased to announce that through its wholly owned subsidiary, INPEX Gulf of Mexico Co., Ltd. (INPEX), it has acquired a 15% participating interest in the Walker Ridge 95/96/139/14...
Kitimat to Purchase Pacific Trail Pipelines Interest
Canada >> 2/7/2011 - Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) today announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipeli...
Aminex Increses its Interest in Nyuni PSA, Tanzania
Tanzania >> 2/4/2011 - Aminex PLC announces that it is proposing to increase its interest in the Nyuni Production Sharing Agreement in Tanzania (Nyuni PSA) from 50% to 65% through a farm-in arrangement. Binding heads of agr...
Otto Energy Increases Equity SC 55 & SC 69 Philippine
Philippines >> 2/3/2011 - Otto Energy Ltd is pleased announce that it has entered into an agreement with joint venture partner Trans-Asia Oil and Energy Development Corporation to increase its equity in two core exploration pe...
Ascent Resources Complete Transaction with EnQuest
Slovenia >> 2/2/2011 - Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has received all the necessary consents to complete the transaction with EnQuest PLC whereby it would acquire an ad...
Frontier Resources Awarded Kafue Trough Block 34
Zambia >> 2/1/2011 - Frontier Resources International, Plc, the PLUS quoted (FRGP) exploration and production Company is pleased to announce that it has been awarded Petroleum Exploration Block 34 by the Zambian Ministry ...
Noreco Awarded New License in Denmark
Denmark >> 2/1/2011 - Norwegian Energy Company ASA (Noreco) is pleased to announce that the 02/05 license group in Denmark has been awarded a new license 1/11, immediately to the west of the original 2/05 license area. Nor...
RWE Dea Awarded 3 New Licences on the Norwegian Shelf
Norway >> 2/1/2011 - RWE Dea Norge has been awarded three promising licences in the recent APA 2010 licensing round by the Norwegian Ministery of Petroleum and Energy, of which one is in the North Sea and two are in the N...
Acquisition of Woodchip Processing and Forestry
Australia >> 2/1/2011 - Mitsui & Co., Ltd. ("Mitsui",head office: Tokyo, Japan, President and CEO: Masami Iijima,) has acquired all shares in Hansol PI Pty Ltd. ("HPI"), which processes and exports woodchips in Western Austr...
Frontier Resources Wins Kafue Trough Block 34 in Zambia
Zambia >> 2/1/2011 - Frontier Resources International, Plc, the PLUS quoted (FRGP) exploration and production Company is pleased to announce that it has been awarded Petroleum Exploration Block 34 by the Zambian Ministry ...
Maersk to Buy Devon Energy’s 15% Interest in Block 16
Angola >> 1/31/2011 - Maersk Oil, a fully owned subsidiary of A.P. Moller – Maersk A/S, has agreed to acquire a 15% interest in Block 16 in Angola from Devon Energy for an initial payment of USD 70 million and future conti...
Gold Oil Farms Out Onshore Block XXI to Vale
Peru >> 1/31/2011 - Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that it has signed a Farm Out Agreement and a Joint Operating Agreement with Vale S.A. (Vale) for its on...
CNOOC Buys Chesapeake US Shale Oil and Gas Assets
United States >> 1/31/2011 - Chesapeake Energy Corporation and CNOOC Limited announced the execution of an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase 33.3% undivided i...
Philippine DOE Approves Shell's Farm-in to SC 54B
Philippines >> 1/31/2011 - Nido Petroleum Philippines Limited (Nido), on behalf of the SC 54B Joint Venture, is pleased to advise that the Shell Philippines Exploration BV (SPEX) farm-in to Nido and Kairiki's interests in SC 54...
ADX Energy Signs Agreement for EX-10 PARTA Block
Romania >> 1/31/2011 - ADX Energy Ltd is pleased to announce that it has signed the concession agreement with NAMR (Agentia Nationala Pentru Resurse Minerale) for the exploration block EX-10 PARTA in Romania. ...
Mitsubishi Acquires a Stake in Senoro-Toili Gas Field
Indonesia >> 1/31/2011 - Mitsubishi Corporation (MC) is pleased to announce that it has acquired all the shares of Tomori E&P Limited, which owns a 20% working interest in the Senoro-Toili natural gas field, from PT. Medco En...

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