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Acquisitions and Divestitures News

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%...
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...
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...
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...
Tullow Oil to Farm-In to Kenya Block 10BA
Kenya >> 8/4/2010 - Centric Energy has entered into a binding letter agreement whereby Tullow Oil has agreed to farm-in to a 50 percent participating interest in Centric Energy's 100 percent owned Production Sharing Cont...
Tethys Petroleum to Farm-in to Tajikstan Assets
Tajikistan >> 8/3/2010 - The Company will provide a drilling update at key stages in the well construction. Tethys Petroleum Limited ("Tethys" or the "Company") announced that it has signed a Memorandum of Understanding with ...
SEPLAT Completes Acquisition in OMLs 4, 38 and 41
Nigeria >> 8/2/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT) has last Friday, July 30th, achieved the definitive completion of its acquisition of a 45% stake in OMLs 4, 38 and 41, onshore Nigeria, from Shell Pet...
Cove Energy Announces Kenya Deepwater Farm-In
Kenya >> 7/28/2010 - Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, is pleased to announce that it has concluded a conditional farmin agreement with Dynamic Energy Exploration and Pro...
Russia to Sell Giant Oil Field In Q4 2010
Russia >> 7/22/2010 - Russia will auction off the giant Trebs and Titov field, the largest oil deposit to be sold at an auction in the past five years, in the fourth quarter of 2010, the government said. ...
SOCO to Farm-out 20% Interest in Nganzi Block
Congo, Democratic Republic (Zaire) >> 7/15/2010 - SOCO International plc announces that its subsidiary, SOCO Exploration & Production - DRC SPRL ("SOCO E&P DRC"), has entered into a farm-out agreement wherein it has agreed to farm-out a 20% interest ...
SM Energy Announces Gas Services Agreement in Texas
United States >> 7/12/2010 - SM Energy Company announces that the Company has entered into a long-term gas services agreement with Eagle Ford Gathering LLC to gather, transport, and process production from the Company’s Eagle For...

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