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Acquisitions and Divestitures News

INPEX Signs JV Agreement on Carabobo 3 Development
Venezuela >> 5/13/2010 - Inpex Corporation is pleased to announce that it signed Joint Venture Agreement for the Venezuelan Carabobo Project 3 as a member of the consortium with Mitsubishi Corporation (Mitsubishi), Chevron an...
Aegean Farms in to 2nd Exploration License in Egypt
Egypt >> 5/12/2010 - Aegean Energy, the only operator of Oil and Gas in Greece; after obtaining its first international exploration license in Egypt in December 2009 (East Magawish Block in the Gulf of Suez); is pleased t...
Candax Enters Into Farm-Out Agreement on Chaal
Tunisia >> 5/11/2010 - Candax Energy Inc announces that the Company has entered into a Farm-Out Agreement (the "Agreement") on the Chaal Permit with SacOil Holdings Limited, an international upstream oil and gas company ("S...
Canacol Announces Direct Award of the Cedrela Block
Colombia >> 5/4/2010 - Canacol Energy Ltd. is pleased to announce that it has been awarded the Cedrela Exploration and Production Contract (“Cedrela E&P Contract”) by the Agencia Nacional de Hidrocarburos (“ANH”) of Colombi...
Eni Says Hands Over Iran Oilfield to Local Partners
Iran >> 4/29/2010 - Italy's oil and gas major Eni is handing over operatorship of Darkhovin oilfield in Iran to local partners to avoid U.S. sanctions for doing business with Iran, Eni said in a document for U.S. authori...
Conocophillips Terminating Agreement for Shah Gas
United Arab Emirates >> 4/28/2010 - ConocoPhillips has decided to end its participation in developing the Shah Gas Field with Abu Dhabi National Oil Company (ADNOC). ConocoPhillips had considered holding a 40 percent ownership stake in ...
ANP Approves the Transfer of 7 Blocks in the Parnaiba Basin
Brazil >> 4/27/2010 - OGX announces that The Brazilian Petroleum, Natural Gas and Biofuels Agency (ANP) approved the transfer of 70% of the rights and obligations related to seven exploratory onshore blocks in the Parnaiba...
ConocoPhillips to Sell Syncrude Stake to Sinopec
China >> 4/12/2010 - ConocoPhillips announced that it has entered into definitive agreements with subsidiaries of Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03 percent interest...
AuDAX Signs Further Farm-in Agreement on Sicily
Tunisia >> 4/7/2010 - AuDAX Resources Ltd is pleased to announce that it has signed a farmin agreement with Bombora Energy Pty Ltd for participation in exploration of the two contiguous offshore Exploration Permits, G.R15....
Maersk Oil Farms in to Exploration Wells
Brazil >> 3/31/2010 - Maersk Oil has reached an agreement to farm in with a 20% non-operated interest in licence BM-C-34 offshore Brazil from Devon subject to regulatory approvals. The planned activities include drilling o...
Hyperdynamics Reaches Agreement with the Government
Guinea >> 3/25/2010 - Hyperdynamics announced that it and the Government of the Republic of Guinea have executed an amendment to the 2006 Production Sharing Contract (PSC). The document was signed by the Guinean Minister o...
Aegean Farms-in East Magawish Block in Gulf of Suez
Egypt >> 3/24/2010 - Aegean Energy, the only operator of Oil & Gas in Greece, announces the Farming-in of its first international exploration license in the Gulf of Suez in Egypt. ...
Neon Energy Farmout of Offshore Vietnam Block 120
Vietnam >> 3/24/2010 - Neon Energy Limited announced the execution of an agreement with Singapore-based oil and gas company KrisEnergy Ltd (KrisEnergy) and Enovation Resources Ltd (Enovation) (collectively the Farminees) to...
Audax Signs Farm-In Agreement on Chorbane Permit
Tunisia >> 3/23/2010 - AuDAX Resources Ltd is pleased to announce that it signed a farmin agreement with Bombora Energy Pty Ltd for participation in exploration of the Chorbane Permit onshore Tunisia. Bombora is a private e...
DNO Terminates Farm-In Discussions for Chorbane
Tunisia >> 3/23/2010 - Reference is made to DNO's stock exchange notice dated 16 October 2009, concerning signing of a letter of intent between Audax Resources Ltd ("Audax") and DNO for a farm-in transaction in Tunisia. The...
Devon $7.0 bn of Property Sales and Oil Sands JV
United States >> 3/11/2010 - Devon Energy Corporation announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion. In addition, BP will ass...
Methanex to Participate in the Tranquilo Block
Chile >> 3/9/2010 - Methanex Corporation announced its participation in the Tranquilo Exploration Block, located in southern Chile. Methanex's participation is part of a new ownership structure that involves both the Tra...
Pacific Asia Amends Agreement for Oyo Acquisition
Nigeria >> 3/8/2010 - Pacific Asia Petroleum, Inc., a based energy company engaged in the development, production and distribution of oil and gas, announced that the Company has entered into an amendment to the Sale and Pu...
Tap Receives Approvals For Farm-In to Rangkas
Indonesia >> 3/2/2010 - Tap is pleased to announce that it has now received the necessary government approvals for the acquisition by Tap of a 24% interest in the Rangkas Block, onshore West Java from Lundin Petroleum AB. Th...
Talisman and San Leon Sign Joint Venture Agreement
Poland >> 3/1/2010 - San Leon Energy PLC is pleased to announce that its decision to enter into the Baltic Gas Shale play in Poland has culminated in this exciting farm in announcement with Talisman Energy Inc. ("Talisman...

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