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Acquisitions and Divestitures News

Lukoil Commissions New Tank Farm in Yekaterinburg
Russia >> 10/19/2009 - Vagit Alekperov, President of LUKOIL, and Eduard Rossel, Governor of Sverdlovsk region, have participated in the ceremony dedicated to commissioning of the Company’s new petroleum tank farm in Yekater...
Houston American Announces Completion of New Farmout
Colombia >> 10/16/2009 - Houston American Energy Corp announced that it has finalized a Farmout Agreement and Joint Operating Agreement with SK Energy Co. LTD. (“SK”) for the right to earn an undivided twenty five percent (25...
AuDAX Signs LOI with DNO for Chorbane Permit
Tunisia >> 10/16/2009 - AuDAX Resources has announced that it signed a Letter of Intent (LoI) with DNO International for participation in exploration of the Chorbane onshore permit in Tunisia. AuDAX is the operator and holds...
Sky Enters into a Letter of Intent with Suntera
Nigeria >> 10/14/2009 - Sky Petroleum, Inc., an oil and gas company is pleased to announce that it has entered into a non-binding letter of intent to invest in and acquire Suntera's interests in two onshore oil & gas blocks ...
Brownstone Announces Colombian Agreement
Colombia >> 10/5/2009 - Brownstone Ventures Inc is pleased to announce that it has entered into several assignment agreements with private company, Fenix Energy Inc. ("Fenix"), to acquire 50% of Fenix's interests in three bl...
OGX Acquires Interest in 7 Blocks in the Parnaiba Basin
Brazil >> 9/24/2009 - OGX announces the acquisition, through its subsidiary OGX Petoleo e Gas Ltda., of a 70% participation interest in seven onshore exploratory blocks located in the Parnaiba Basin, in the state of Maranh...
Artumas Executes Farm Out of Mozambique & Tanzania
Tanzania >> 9/17/2009 - Artumas is pleased to announce that the farm out of its Mnazi Bay Production Sharing Agreement (PSA), its Area 1 Offshore Rovuma Block and its Onshore Rovuma Block as referenced in its press releases ...
Lundin Enters Into Farm-Out Agreement for Rangkas
Indonesia >> 9/17/2009 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Rangkas B.V has entered into a farm-out agreement with Carnarvon Petroleum (Indonesia) PTY LTD ("Carnarvon"), a subsi...
Dow Completes Divestiture of Ownership in TRN for $800 m
Denmark >> 9/1/2009 - The Dow Chemical Company has completed the sale of its interests in Total Raffinaderij Nederland N.V. (TRN) to Total S.A. for an enterprise value of approximately $800 million, including inventory. ...
Canacol Energy Awarded the Tamarin E&P Contract
Colombia >> 8/31/2009 - Canacol Energy Ltd. is pleased to announce that it has been awarded the Tamarin Exploration and Production Contract ("Tamarin E&P Contract") by the Agencia Nacional de Hidrocarburos ("ANH") of Colombi...
Africa Oil Signs Farmout Agreement with Raytec
Kenya >> 8/20/2009 - Africa Oil Corp. is pleased to announce that it has entered into a farmout agreement (the "Agreement") with Raytec Metals Corp. ("Raytec"), previously announced on May 28, 2009. The Agreement relates ...
Premier Oil Sells NW Gemsa Interest to Sea Dragon
Egypt >> 8/19/2009 - Premier announces the sale of its 10% interest in the NW Gemsa licence, onshore Egypt, to Sea Dragon Energy for the sum of US$12.5 million. The sale is subject to the approval of the Egyptian authorit...
Etinde Permit Farm-out Transaction
Cameroon >> 8/12/2009 - Bowleven, the African focused oil and Gas Company traded on AIM, is pleased to announce that it has entered into a farm-out agreement with Vitol E&P Limited (VEP) in respect of the Etinde Permit (Etin...
Key Condition of Timor Sea Farm Out Satisfied
Australia >> 8/10/2009 - Oilex Ltd is pleased to advise that an important approval has been received from the JPDA Designated Authority for an extension to the first term of the Production Sharing Contract (PSC) covering the ...
Farmout of Cabinda North License Now Approved
Angola >> 8/4/2009 - InterOil Exploration & Production ASA (InterOil) announced on the 15 of May 2009 the agreement with Petropars to sell 10% in the Cabinda North license in Angola with subject to board approval. The agr...
Signing Dulisma Divestiture Agreement
Russia >> 8/3/2009 - Urals Energy announces the signing of the divestiture agreement with Sberbank regarding the Company’s wholly owned subsidiary ZAO NK Dulisma ("Dulisma"). ...
Total Awarded New Offshore Exploration Block
Cameroon >> 7/21/2009 - Total announces that its 75.8% - owned affiliate, Total Exploration & Production Cameroon, has been awarded by the Ministry of Industry, Mining and Technological Development of Cameroon the Lungahe ex...
Gulf Keystone Seeks a Buyer for HBH Permit
Algeria >> 7/14/2009 - Gulf Keystone Petroleum, an independent oil and gas exploration and production company with assets in Algeria and Kurdistan, announces its intention to seek a buyer for its interest in the Hassi Ba Ha...
Universal Signs LOI to Block 2815 Off-Shore Nambia
Namibia >> 7/7/2009 - Universal Power Corp announced that it has entered into a Letter of Intent (“LOI”) dated July 07, 2009 to acquire an additional 60% interest in Petroleum Exploration Licence (“EL”) 2815 off–shore Nami...
Canacol Announces Award of Pacarana TEA in Colombia
Colombia >> 7/2/2009 - Canacol Energy Ltd is pleased to announce that it has been awarded the Pacarana Technical Evaluation Area (“Pacarana TEA”) by the National Hydrocarbon Agency of Colombia. The Pacarana block is located...

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