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Acquisitions and Divestitures News

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...
Egdon Acquires UK Licence Interests from Valhalla
United Kingdom >> 1/28/2011 - Egdon Resources plc is pleased to announce that it has reached agreement to acquire the entire interest of Valhalla Oil and Gas Limited (Valhalla) in two onshore UK Petroleum Exploration and Developme...
HQCEC Acquires Stake in Australia's LNG
Australia >> 1/27/2011 - A strategic framework agreement was signed between China Huanqiu Contracting & Engineering Corporation (HQCEC) and Australia's LNG Limited in Beijing. By acquiring 19.9 percent of the total common sha...
Sale of Interest in East Ras Budran Concession
Egypt >> 1/27/2011 - Regal, the AIM-listed oil and gas exploration and production group, announces that it has entered into a conditional sale and purchase agreement with Apache East Ras Budran Corporation LDC ("Apache") ...
Petronas to Award Marginal Oil Field Contracts
Malaysia >> 1/27/2011 - Malaysia's state oil firm Petronas will award two marginal oil field contracts by April as the Southeast Asian country seeks to reverse declining output, local media reported. ...
Eni Awarded Operatorship of Block 35 in Angola
Angola >> 1/26/2011 - Eni announces that it has been awarded participation and operatorship of Block 35 by the Angolan Juri for the bid round, composed of representatives from the Ministry of Petroleum, Sonangol and the Mi...
Centric Closes Farm Out of Kenya Block 10BA to Tullow
Kenya >> 1/26/2011 - Centric Energy Corp. is pleased to advise that the Company and Tullow Kenya B.V. have closed the farm-in agreement whereby Tullow is farming-in to a 50 per cent participating interest in Centric Energ...
Africa Oil Closes Blocks 10A & B Farm Out to Tullow
Kenya >> 1/26/2011 - Africa Oil Corp. is pleased to announce that it has closed on three blocks out of the previously announced five block farmout transaction with Tullow Oil plc. To date, the Company and Tullow have clos...
Statoil Identified for Pre-Salt Operatorships
Angola >> 1/26/2011 - The national oil company Sonangol has publicly announced that the Angolan jury of the bid rounds has elected Statoil for operatorship and participation in several pre-salt blocks offshore Angola. ...
NIGC and BSI Sign a $4 Billion Participation Contract
Iran >> 1/26/2011 - The National Iranian Gas Company (NIGC) and Bank Saderat Iran (BSI) signed a four billion dollars contract on two gas projects. ...
Hyperdynamics Terminates LOI for Guinea Concession
Guinea >> 1/25/2011 - Hyperdynamics Corporation announced that the non-binding Letter of Intent signed with large independent oil and gas company has been terminated. The announcement of the Letter of Intent was made by Hy...
Increase of Ownership in Deepwater Driller Ltd.
Singapore >> 1/25/2011 - Reference is made to the press release sent out by Songa Offshore SEon 24 March 2010 regarding the investment of 31,25% of the shares in Deepwater Driller Ltd ("Deepwater Driller"). Deepwater Driller...
Pertamina Plans $1 bln Acquisitions in 2011
Indonesia >> 1/25/2011 - Indonesian state energy firm Pertamina plans to spend $1 billion in 2011 for acquisitions of oil and gas blocks, as the country seeks to boost declining production. ...
BP and Total Among Winners of Angola Deepwater Blocks
Angola >> 1/24/2011 - BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said. ...
Cobalt International Awarded Block 20 Offshore Angola
Angola >> 1/24/2011 - Cobalt International Energy, Inc. announced that it has been conditionally awarded a 40% working interest and has been indicated as operator of Block 20 offshore Angola. Eight other companies submitte...
Panoro Energy Farms Out Three Blocks in Santos Basin
Brazil >> 1/24/2011 - Panoro Energy ASA (PEN), the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that the Company has reached agreement to farm out 35% of Panoro's 50% intere...
ZEEP to Purchase Eastman TXE Gasification Project
United States >> 1/21/2011 - Zero Emission Energy Plants Ltd. (ZEEP) announced it has entered into a definitive agreement with Eastman Chemical Company Investments, Inc., to purchase all of the membership interests of TX Energy, ...
Compressor Station Construction Contractor Selected
Russia >> 1/21/2011 - Following the results of the tender, the award decision for a compressor station in the southern part of the Priobskoye field design and turnkey construction has been taken. The field exploitation is ...
Eni and Petrochina Sign MOU to Develop China Business
China >> 1/21/2011 - Eni signed a Memorandum of Understanding with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opp...
Tap Oil Increases its Interest in WA-351-P
Australia >> 1/20/2011 - Tap Oil Limited has exercised its pre-emptive right to acquire an additional 20% interest in the highly prospective WA-351-P exploration permit in Western Australia's Carnarvon Basin. ...

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