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Acquisitions and Divestitures News

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...
ANP Approves 15% in Block BM-ES-23 to Inpex
Brazil >> 2/19/2010 - Inpex Corporation is pleased to announce that it has been granted approval by the Brazillian authority, ANP to aquire a 15% participating interest of the Block BM-ES- 23 from Shell Brasil Ltda. (Shell...
Uganda Govt Asks Tullow to Reduce Oil Assets Share
Uganda >> 2/18/2010 - The Ugandan government has asked U.K.-based Tullow Oil PLC to reduce the size of its proposed share in three of the country's oil blocks in order to diversify ownership of Uganda's oil resources, the ...
Artumas Final Participating Interest in Mozambique
Mozambique >> 2/18/2010 - Following the successful sale and completion of certain participating interests held in Mozambique oil and gas concessions, Artumas confirmed its final royalty interest position in relation to the Are...
Egypt's EGAS Awards New Blocks to Six Firms
Egypt >> 2/16/2010 - Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) has awarded three offshore blocks to six companies, including BG Group and Royal Dutch Shell, the oil minister said. ...
Dominion Farms Out Mandawa and Kisangire Licences
Tanzania >> 2/15/2010 - Dominion Petroleum has signed an agreement in principle with Les Etablissments Maurel & Prom (M&P) to farm in to the Mandawa and Kisangire PSAs (production sharing agreements) onshore Tanzania, giving...
SEPLAT Acquires a 45% Stake in OMLs 4, 38 and 41
Nigeria >> 1/29/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT), Shell Petroleum Development Company Of Nigeria Ltd (SPDC), Total E&P Nigeria Ltd, And Nigeria Agip Oil Company have signed an agreement concerning th...
Hyperdynamics Finalizes Sale of Minority Interest
Guinea >> 1/29/2010 - Hyperdynamics announced that it has finalized the sale of a minority interest in its oil and gas concession offshore the Republic of Guinea (Northwest Africa) to Dana Petroleum plc. ...
Afren to Farm Into Oml 115 Offshore Nigeria
Nigeria >> 1/27/2010 - Afren has entered into a Joint Venture Agreement (JVA) with Oriental Energy Resources and Energy Equity Resources (EER) for participation in the exploration, appraisal and development of OML 115 offsh...
Tullow Signs SPA to Buy Heritage Ugandan Interests
Uganda >> 1/26/2010 - Tullow Oil PLC announces that its subsidiary Tullow Uganda Limited has entered into a Sale and Purchase agreement (SPA) with Heritage Oil & Gas Limited ("HOGL") and Heritage Oil Plc ("Heritage") to pu...
PDVSA & Eni Sign Agreement to Develop Junin 5
Venezuela >> 1/26/2010 - Rafael Ramirez, Venezuela’s Minister of Energy and Petroleum and President of PDVSA, and Paolo Scaroni, Eni's CEO, have signed in the presence of Venezuelan President Hugo Chavez Frias and Vincenzo Sc...
Brownstone & Quetzal to Acquire Interest in New Llanos Basin Block
Colombia >> 1/20/2010 - Brownstone Ventures Inc and Quetzal Energy Inc are pleased to announce that they have entered into an assignment agreement with private company, Fenix Energy Inc. ("Fenix"), to acquire 100% of Fenix's...
Otto, BHPB Entered into Farm in Option Agreement
Philippines >> 1/15/2010 - Otto Energy Limited advises that it has entered into a seismic acquisition and farm in option agreement in respect to its SC55 permit in the Philippines with BHP Billiton (BHPB). ...
Dragon to Acquire 50% Working Interest in Kom Ombo
Egypt >> 1/13/2010 - Sea Dragon Energy Inc announces that its wholly owned subsidiary, Sea Dragon Energy (Kom Ombo) Ltd. has signed a Farm-out Agreement with Dana Gas Egypt Ltd. (“DGE”) pursuant to which Sea Dragon will a...
Cove Energy Completes Mozambique Offshore Farm-in
Mozambique >> 1/5/2010 - Cove Energy plc, the AIM quoted upstream oil and gas company, is pleased to announce that following the receipt of the consent of the Government of the Republic of Mozambique, as represented by the Mi...
Quetzal & Brownstone Enter Agreements in Llanos Basin
Colombia >> 1/4/2010 - Brownstone Ventures Inc and Quetzal Energy Inc are pleased to announce that they have entered into definitive participation agreements with Montecz S.A and Asetz Energy Corporation governing their int...
Universal Completes the Purchase of Block 2815
Namibia >> 12/31/2009 - Universal Power Corp announced that it has completed the purchase of an additional 60% interest in Petroleum Exploration Licence (“EL”) 2815 offshore Namibia subject to TSX Venture Exchange approval. ...
Cove Energy Completes Mozambique Onshore Farm-in
Mozambique >> 12/23/2009 - Cove Energy plc the AIM quoted upstream oil and gas company, is pleased to announce the receipt of all necessary consents and approvals including the consent of the Government of the Republic of Mozam...
Africa Oil Farm-outs Receive Government Approvals
Kenya >> 12/23/2009 - Africa Oil Corp is pleased to announce that the Company has received all requisite government approvals from the Republic of Kenya, the Federal Democratic Republic of Ethiopia and the State of Puntlan...

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