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Acquisitions and Divestitures News

Hess Farms out North Red Sea Block 1 Concession
Egypt >> 11/16/2010 - Following the provisional award of the South Darag block in the Gulf of Suez in a recent licensing round, Premier Oil is in agreement with Hess Corporation Inc. (Hess) to farm in to 20% of the North R...
Cooper Secures Third Strategic Block Offshore Tunisia
Tunisia >> 11/16/2010 - Cooper Energy has acquired 85% of the Nabeul Permit, which gives Cooper Energy a strong strategic exploration foothold in the region. The Nabeul Permit lies in the Gulf of Hammamet Offshore Tunisia an...
BP Sale of Five African Businesses to Puma Energy
Namibia >> 11/15/2010 - BP announced that it has agreed to sell its fuels marketing businesses in Namibia, Botswana and Zambia to Puma Energy. BP also announced that it has agreed to sell its 50% interest in each of BP Malaw...
TNK-BP Signs Cooperation Agreement With Petrovietnam
Vietnam >> 11/15/2010 - TNK-BP announces that, as part of its strategy to expand its business internationally, the company has signed a cooperation agreement with the Vietnamese state corporation PetroVietnam outlining the f...
Providence Grants Option to Star over Dragon Licence
Ireland >> 11/11/2010 - Providence Resources P.l.c., the AIM and ESM listed exploration and production company is pleased to announce that it has signed a 10 month option agreement with Star Energy Group in relation to its 1...
Rocksource Signed LOI for Sale of US Onshore Assets
United States >> 11/11/2010 - Rocksource ASA is pleased to announce that its US subsidiaries have signed a Letter of Intent (LOI) for the sale of its US onshore producing gas fields for a consideration of USD 9.35 million with eff...
Gastar Acquisition of Marcellus Shale Leasehold
United States >> 11/10/2010 - Gastar Exploration Ltd. ("Gastar") announced that the Company has executed a Purchase and Sale Agreement ("PSA") with undisclosed private sellers for the acquisition of approximately 59,000 net acres ...
Subsea 7 Announces $55m Contract in the North Sea
Denmark >> 11/10/2010 - Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, announces the award of a contract in the Danish sector of the North Sea valued in excess of US $55 million. ...
EnQuest Acquisition of Stratic Energy Corporation
United Kingdom >> 11/8/2010 - EnQuest announced on 3 August 2010 that as part of the transaction EnQuest is refinancing Stratic’s US$74.7 million net debt (as at 30 June 2010). ...
Suroco Acquires an Interest in Llanos 33 Block
Colombia >> 11/8/2010 - Suroco Energy Inc. is pleased to announce that it exercised its option to acquire a 28% undivided working interest in the Llanos 33 Block in Colombia. The Corporation acquired the option from Thornelo...
BHP May Eye Oil & Gas if Potash Bid Dies
Australia >> 11/5/2010 - BHP Billiton's blocked bid for Potash Corp has spurred talk that the miner will now focus on oil and gas targets such as Australia's Woodside Petroleum, but some analysts are sceptical. ...
Cosmo Oil Gives Up on Qatar Block 11 Production
Qatar >> 11/5/2010 - Japan's Cosmo Oil Co Ltd said it has given up on commercial production from the Block 11 offshore oil field in OPEC producer Qatar and has booked a 3.5 billion yen ($43 million) special loss as a resu...
Interoil Corporation Pricing of Public Offerings
Papua-New Guinea >> 11/5/2010 - InterOil Corporation announced the pricing of its previously announced public offerings of notes and common shares, consisting of an aggregate US$61 million principal amount of 2.75% convertible senio...
Shell to sell Gulf of Mexico fields to W&T Offshore
United States >> 11/4/2010 - Shell announced that it has agreed to sell its interest in six Gulf of Mexico oil and gas fields to W & T Energy VI, LLC, a wholly owned subsidiary of W&T Offshore Inc., for $450 million, with an effe...
Apache Completes Acquisition Assets in Western Desert
Egypt >> 11/4/2010 - Apache Corporation announced that a subsidiary has completed its acquisition of BP's oil and gas operations, acreage and infrastructure in Egypt's Western Desert. The transaction marks the final step ...
Santos Acquires Additional Interests in Bangladesh
Bangladesh >> 11/4/2010 - Santos announced a further step in its focused Asian growth strategy with the execution of a sale and purchase agreement with Cairn Energy Plc for the acquisition of Cairn’s interests in Bangladesh. ...
Egyptian Authorities Approved Deed of Assignment
Egypt >> 11/4/2010 - Groundstar Resources Limited is pleased to announce that the Egyptian Ministry of Petroleum has approved the deed of assignment, which transfers a 60% net interest in the West Kom Ombo block to Aegean...
Murphy Acquires Interest in Central Dohuk Block
Iraq >> 11/4/2010 - Murphy Oil Corporation announced that its wholly owned subsidiary, Murphy Central Dohuk Oil Co., Ltd., has finalized an agreement with the Kurdistan Regional Government-Iraq (KRG) to acquire an intere...
China's CNOOC Still Consulting on Kenya Block
Kenya >> 11/4/2010 - China's CNOOC has not yet made a formal application to withdraw from a second Kenya exploration licence, a senior official at the east African country's National Oil Corporation said. ...
Ascent Completes Sale of Gorbehaza-1 Discovery
Hungary >> 11/4/2010 - Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has completed the sale of its 20.167% interest in the western part of the Nyirseg Szatmar permits in Hungary, known...

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