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Acquisitions and Divestitures News

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...
Noble Farms in Agreement for AGC Profond Block
Senegal >> 6/8/2011 - Noble Energy, Inc. announced that it has joined a venture that is exploring the AGC Profond block located offshore Senegal and Guinea-Bissau in West Africa. The AGC Profond block, covering more than t...
TransAtlantic Completes Acquisition of Thrace Basin Natural Gas
Turkey >> 6/8/2011 - TransAtlantic Petroleum Ltd. (TransAtlantic) is pleased to announce that it has closed on the previously announced acquisition of Thrace Basin Natural Gas (Turkiye) Corporation (TBNG). TransAtlantic W...
Bridge Energy Completes PL554/554B Farm-Out to Total
Norway >> 6/8/2011 - On May 31st Bridge Energy Norge AS completed the agreement with Total E&P Norge AS for the farm-down of 40% working interest in production licences PL554 and PL554B on the Norwegian Continental Shelf....
Statoil Farms Into Nexen's Kakuna Prospect in GOM
United States >> 6/8/2011 - Statoil Gulf of Mexico LLC (Statoil) has farmed into the “Kakuna” prospect located approximately 180 miles southwest of New Orleans in deepwater Gulf of Mexico. “Our agreement is with a subsidiary of ...
Canadian Overseas Petroleum Increases Interest in UKCS Block 23/21
United Kingdom >> 6/7/2011 - Canadian Overseas Petroleum Limited (COPL), through its wholly owned subsidiary, Canadian Overseas Petroleum (UK) Limited, has signed a farm-in agreement with SSE E&P UK Limited (SSE) whereby COPL wil...
Americas Petrogas Increases Interests in Los Toldos, Totoral, Yerba Buena and Baja Colorada
Argentina >> 6/7/2011 - Americas Petrogas Inc. announces that it has entered into agreements with Ingenieria Alpa SA (Alpa) to acquire Alpa’s 33% working interest in Los Toldos I, II, III and IV as well as Alpa’s 19% working...
Sound Oil Farms Into Montemarciano Permit
Italy >> 6/7/2011 - Sound Oil plc is pleased to announce that, through its majority held subsidiary Apennine Energy srl (Apennine), it has concluded a Farm-In Agreement with Servizi & Assistenza Ricerche Petrolifere spa ...
Linc Energy Acquires Significant Oil Producing Assets in Texas & Louisiana
United States >> 6/6/2011 - Linc Energy Ltd is pleased to announce that its wholly-owned subsidiary, Linc Gulf Coast Petroleum Inc., has acquired 14 producing oil fields (consisting of 156 leases covering approximately 13,400 ac...
Foster Receives National Award for Repsol Refinery
Spain >> 6/6/2011 - Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded the 2010 National Prize of Industrial Engineering by the Spanish National Society ...
Lundin Acquires New Malaysian Acreage & Operatorship
Malaysia >> 6/3/2011 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary, Lundin Malaysia B.V. has entered into an agreement with PETRONAS Carigali Sdn Bhd to farm-in to Block PM...
Spring Energy Acquires 20% Working Interest in PL 490
Norway >> 6/1/2011 - Spring Energy is pleased to announce a farm-in transaction of a 20% working interest in PL 490 from Norwegian Energy Company ASA. The PL 490 license is located immediately to the West/North West of th...
Salamander Farms Out Block 101-100/04 to JX-NOEX
Vietnam >> 5/31/2011 - Salamander Energy plc (Salamander) announces that it has executed an agreement to farm-out a 20% interest in Block 101-100/04, Offshore Northern Vietnam to JX Nippon Oil & Gas Exploration Corporation ...
Noble Energy Announces Exit from Ecuador
Ecuador >> 5/31/2011 - Noble Energy, Inc. announced that it has received compensation totaling $97 million for the transfer of its assets in Ecuador to various government-affiliated entities. Compensation was received for t...
Premier Signs Solan Field SPA with Chrysaor
United Kingdom >> 5/31/2011 - Premier is pleased to announce that it has signed the sale and purchase agreement (SPA) with Chrysaor to acquire equity in Licence P164 in order to participate in the development of the Solan field in...
IPIC's Assets Grew 15 Pct in 2010
United Arab Emirates >> 5/30/2011 - Abu Dhabi's International Petroleum Investment Co (IPIC), which owns stakes in energy majors OMV and Cepsa, saw its assets rise 15 percent in 2010, the government fund said in a statement. ...
Canacol Farms Into Andaquies and Coati E&P Contracts
Colombia >> 5/30/2011 - Canacol Energy Ltd. is pleased to announce that it has entered into a binding term sheet, subject to the finalization of definitive Farm-in and Joint Operating Agreements, with C&C Energia Ltd. (the ¨...

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