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Acquisitions and Divestitures News

Sasol Signs an EPC for concession Area A
Mozambique >> 9/22/2010 - Sasol, through Sasol Petroleum International (Pty) Limited (SPI) the wholly owned upstream oil and gas subsidiary of Sasol Limited announced that it has signed an agreement to explore for gas in conce...
Gran to Expand Exploration Portfolio in Peru
Peru >> 9/20/2010 - Gran Tierra Energy Inc, a company focused on oil and gas exploration and production in South America, announced it has entered into an agreement to farm into 3 blocks operated by Burlington Resources ...
Cooper Energy Farms out 15% of the Bargou Permit
Tunisia >> 9/17/2010 - Cooper Energy is pleased to announce that the Company has farmed out 15% of the Bargou Permit in Tunisia to Jacka Resources Limited. Jacka will pay a proportion of back costs and a promote on the dril...
BP Acquires Interest in Block 42/05 South China Sea
China >> 9/13/2010 - BP announced that its acquisition of an interest in block 42/05 in the South China Sea’s Pearl River Mouth Basin has been approved by the Chinese Government. BP has acquired a 40.82 per cent interest ...
Acquisition of 44 MW Hydroelectric Power Project
China >> 9/13/2010 - China Hydroelectric Corporation, an owner, developer and operator of small hydroelectric power projects in the People’s Republic of China (“PRC”), announced that on September 6, 2010 it consummated th...
Alberta Oilsands assigns two blocks to Africa Oil
Kenya >> 9/10/2010 - Africa Oil Corp. (Africa Oil) and Alberta Oilsands Inc. (AOS) are pleased to announce that the assignment, from Platform Resources Inc. (Platform), a wholly-owned subsidiary of AOS, to Africa Oil Keny...
Chevron Acquires Interest in Three Blocks in China
China >> 9/7/2010 - Chevron Corporation announced that its China subsidiary has received final approval to acquire operating interests in three exploration blocks in the South China Sea’s Pearl River Mouth Basin. ...
Lundin Sells Its Salawati Interests in Indonesia
Indonesia >> 9/6/2010 - Lundin Petroleum AB is pleased to announce the signing of a Sale and Purchase Agreement (SPA) with RH Petrogas, to sell its non-operated interests in the Salawati Basin and Island assets, located in t...
Tullow Acquires a 50% Interest in Kenya & Ethiopia
Kenya >> 9/2/2010 - Tullow Oil plc announces the acquisition of a 50% operated interest in six adjacent licences covering the East African Rift Basins of Kenya and Ethiopia, an area of 97,000 sq km. ...
Karoon Signs an Agreement for Two Blocks in Santos Basin
Brazil >> 8/30/2010 - Karoon Petroleo e Gas Ltda, a wholly owned subsidiary of Karoon Gas Australia Ltd, has executed a Farmin Agreement with Petróleo Brasileiro S.A (“Petrobras”) to acquire a 20% interest in blocks BM-S-4...
ShaMaran Acquires Interest in Kurdistan Oil Block
Iraq >> 8/30/2010 - ShaMaran Petroleum Corp. is pleased to announce that it has entered into a Subscription Agreement and a Shareholders Agreement with Aspect Energy International, LLC whereby ShaMaran Ventures BV ("ShaM...
Gran Establishes Initial E&P Position in Brazil
Brazil >> 8/29/2010 - Gran Tierra Energy Inc, a company focused on oil and gas exploration and production in South America, announced that it has finalized an agreement with Alvorada Petroleo S.A. (“Alvorada”) whereby Gran...
Sasol Assigns 15% in M-10 Block to ENH
Mozambique >> 8/24/2010 - Sasol, through Sasol Petroleum International Pty Limited (SPI), the wholly owned upstream oil and gas subsidiary of Sasol Limited, and PETRONAS announced the joint assignment of a 15% participating in...
African Petroleum Acquires Interest in Blocks A1 & A4
Gambia >> 8/23/2010 - African Petroleum Corporation Limited (African Petroleum), the West African focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, African Petroleum Gambia L...
Norwest to Farm Out EP413 and TP15 Interest
India >> 8/19/2010 - Indian upstream company, Bharat PetroResources Ltd has executed a letter of intent with Norwest, for a farm into two of Norwest’s Perth Basin permits-EP413 and TP/15, by providing up to $15m in explor...
Eni Enters Congo With 55% in Ndunda Block
Congo, Democratic Republic (Zaire) >> 8/17/2010 - Italy's oil and gas major Eni SpA is entering the Democratic Republic of the Congo under an agreement signed with UK-based oil exploration company Surestream Petroleum, envisaging acquisition of a 55%...
VAALCO Announces Farm-Out Agreement in Gabon
Gabon >> 8/16/2010 -  VAALCO Energy, Inc. announced that it has executed a farm-out agreement with Total Gabon (“Total”) for the Mutamba Iroru Permit, onshore Gabon, which is 100 percent owned by VAALCO. Under the terms o...
RAK Petroleum to Farm-Out Block 47 in Oman
Oman >> 8/16/2010 - RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced the farm-out of a 50 percent interest in Block 47 onshore the Sultanate of Oman to Repsol Expl...
Ecopetrol Blocks Rises to 10 in 2010 ANH Round
Colombia >> 8/12/2010 - The Colombian National Agency of Hydrocarbons (ANH) has assigned another exploration block to Ecopetrol S.A. in the Open Round Colombia 2010 bidding process, following the Company´s winning bids for n...
CAMAC Energy Acquires Interest Offshore Nigeria
Nigeria >> 8/11/2010 - CAMAC Energy Inc. announced that on August 6, 2010, the Company entered into a memorandum of understanding (the “MOU”) with CAMAC Energy Holdings Limited, CAMAC International (Nigeria) Limited, and Al...

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