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Acquisitions and Divestitures News

ADX Farms out further 10% of Sidi Daher Prospect
Tunisia >> 11/25/2010 - ADX Energy Ltd is pleased to announce a farmout has been executed for 10% of its 50% remaining interest in the Chorbane Permit with Verus Investments Limited (“Verus”). Under the terms of the agreemen...
Twin Butte Energy Announces Oil Acquisition for 2011
Canada >> 11/25/2010 - Twin Butte Energy Ltd. is pleased to announce that it has entered into a definitive agreement to purchase conventional heavy oil producing assets primarily in the Frog Lake area of North Eastern Alber...
Petrobras Argentina Does Not Migrate the Contracts
Ecuador >> 11/24/2010 - Petroleo Brasileiro S.A - Petrobras announces that its subsidiary Petrobras Argentina S.A. (Petrobras Argentina) did not accept the final arrangements proposed by the government of Ecuador to migrate ...
INPEX Complete the Transfer of 10% in Masela Block
Indonesia >> 11/24/2010 - INPEX CORPORATION (INPEX) announced that its affiliate, INPEX Masela, Ltd. (INPEX Masela) and PT EMP Energi Indonesia (EMPI), a subsidiary of PT Energi Mega Persada Tbk. (EMP), which is a leading Indo...
Acquiring 20% Interest in UK Bacchus Development
United Kingdom >> 11/23/2010 - Endeavour International Corporation announces that its wholly owned subsidiary Endeavour Energy UK Ltd. has signed a definitive agreement to acquire an additional 20% working interest in the North Sea...
Proper Power Continues Acquisition Infrastructure
United States >> 11/22/2010 - Proper Power & Energy, Inc.announced that it has formed a wholly owned subsidiary to operate its acquisition of 87.5 acres of land in Kentucky. The filing follows the execution of an agreement of unde...
Flint Provides Expansion of Oilfield Hauling Services
United States >> 11/22/2010 - Flint Energy Services Ltd.announced a US$36 million asset acquisition, including property and equipment in five locations in the United States; three in East Texas, one in Louisiana and one in Oklahom...
Total Acquires a Deep Offshore Exploration Block
Malaysia >> 11/22/2010 - Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will op...
Circle Oil Provides Operational Update in Tunisia
Tunisia >> 11/22/2010 - Circle Oil the international oil and gas exploration, development and production company is pleased to announce the following operational update on its activities in Tunisia. ...
Hess Acquires Additional Bakken Acreage
United States >> 11/22/2010 - Hess Corporation announced that it has agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. ...
Energy XXI to Acquire Gulf of Mexico Shelf Properties
United States >> 11/21/2010 - Energy XXI announced it has executed a purchase and sale agreement to acquire certain shallow-water Gulf of Mexico shelf oil and natural gas interests from affiliates of ExxonMobil for $1.01 billion. ...
Total Acquires Interest in Deep Offshore Exp. Block
Malaysia >> 11/19/2010 - Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will op...
Cabot Oil & Gas Sale of Pennsylvania Midstream Assets
United States >> 11/18/2010 - Cabot Oil & Gas Corporation announced the sale of its Pennsylvania midstream assets to Williams Field Services Company, LLC (WFS), a subsidiary of Williams Partners L.P,for consideration of $150 milli...
Denbury Agrees to Sell Ownership Interests
United States >> 11/17/2010 - Denbury Resources Inc. announced that it has entered into an agreement to sell its ownership interests in Encore Energy Partners LP ("ENP") to Vanguard Natural Resources, LLC ("Vanguard") for $380 mil...
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...
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...
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...
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...

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