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Acquisitions and Divestitures News

Rocksource Signs Farm-in agreement in West Africa with Ophir Energy
Guinea Bissau >> 9/8/2008 - Rocksource ASA signed a farm-in agreement with Ophir Energy, allowing Rocksource to complete a staged entry into the AGC Profond Production Sharing Contract (PSC) covering the deepwater area administe...
Canoro Expands Exploration Acreage With Farm-In for Two Assam Blocks
India >> 9/3/2008 - Canoro Resources has finalized negotiations with Essar Oil Limited and Essar Energy Holdings Limited to obtain a 30% participating interest in two exploration production sharing contracts in Northeast...
Rocksource Provides Update on farm-in negotiations with ONGC
India >> 8/21/2008 - Rocksource is in advanced stages of negotiations to complete a farm-in agreement with ONGC for a 10% equity stake in exploration block CY DWN 2001/1, on the Indian Shelf. This process is moving ahead ...
PA Resources Farm-In To Tunisia Exploration Licence
Tunisia >> 8/15/2008 - PA Resources farmed-in to a 35 percent working interest in the onshore exploration permit Jenein Centre in southern Tunisia under an agreement with the Canadian oil and gas company Storm Ventures Inte...
Brownstone Increases Brazilian Interests; Partners with Petro Vista
Brazil >> 8/12/2008 - Brownstone Ventures Inc is pleased to announce that it has entered into a farm-in by way of a Head Farmout Agreement with Petro Vista Energy Corp, whereby Brownstone's Brazilian subsidiary can earn a ...
Rocksource and ONGC in advanced Stage of Farm-in Negotiations on Indian Exploration Block
India >> 8/4/2008 - Rocksource is in an advanced stage of negotiations to complete a farm-in agreement with ONGC for a 10% equity stake in exploration block CY DWN 2001/1 on the Indian Shelf. Both companies have Board ap...
Venezuela, Russia Initial Three New Energy Agreements
Venezuela >> 7/22/2008 - Petroleos de Venezuela and Russian companies Lukoil, TNK-BP and Gazprom entered into cooperation agreements during the visit of President of the Bolivarian Republic of Venezuela Hugo Chavez to the Rus...
Methanex, Geopark & Wintershall Wins Otway Block in Chile
Chile >> 7/16/2008 - Methanex Corporation announced that the Government of Chile has awarded the Otway gas exploration block to a consortium that includes Wintershall Holding AG, Geopark Holdings Limited, and Methanex Cor...
EXCO Explores Joint Venture In East Texas/North Louisiana
United States >> 7/16/2008 - EXCO Resources, Inc. announced that it has engaged Goldman, Sachs & Co. to explore possible joint venture opportunities with various interested parties to enhance exploitation and development of its E...
TransAtlantic Petroleum Announces Farm-in to Seven Blocks in Morocco
Morocco >> 7/7/2008 - TransAtlantic Petroleum announced the Company and Longe Energy have agreed to farm-in to the Ouezzane-Tissa and Asilah exploration permits held by Direct Petroleum Morocco, Inc. and Anschutz Morocco C...
CEPSA Announces Renewal of Contract to Continue Operating the RKF Field in Algeria
Algeria >> 7/2/2008 - CEPSA signed an agreement with the Algerian national oil company Sonatrach to extend the association contract for the RKF field operation for an additional five-year period. The renewal of this agreem...
Circle Oil signs farm-in agreement to Mahdia Permit offshore Tunisia
Tunisia >> 6/19/2008 - Circle Oil announced the signing of a farm-in agreement to the Mahdia Permit offshore Tunisia with Tethys Oil and Mining Ltd. The Mahdia permit covers an area of 3780 square kilometres and is bounded ...
Sterling Energy Announces Farmout Of Interest in Gabon for Cash and Carry
Gabon >> 6/5/2008 - Sterling announced that it has conditionally agreed to farmout an 18% interest in the Iris Marin Production Sharing Contract (“PSC”), offshore Gabon. Following the farmout, Sterling will retain a 32% ...
Addax Petroleum Acquires Additional Interest in Shallow Water Exploration License in Gabon
Gabon >> 6/5/2008 - Addax Petroleum Corporation announced that it has, subject to partial partner pre-emption rights, acquired an additional 18 percent working interest in the Iris Marin license area offshore Gabon by th...
Brownstone Acquires 25% Interest in the Reconcavo Basin
Brazil >> 6/5/2008 - BrazAlta Resources Corp and Brownstone Ventures Inc are pleased to announce that Brownstone has entered into a participation agreement with BrazAlta and W.Washington Petroleo S.A to earn interests in ...
Devon Energy Completes $2.2 Billion Sale of Assets in Equatorial Guinea
Equatorial Guinea >> 6/3/2008 - Devon Energy Corporation announced that it has completed the sale of its oil and gas business in the African nation of Equatorial Guinea. The sale price was $2.2 billion before taxes, $1.7 billion aft...
Acquisition of Interest in North Shadwan Concession
Egypt >> 5/30/2008 - Beach Petroleum reported that it has entered into an agreement with Tri-Ocean Energy Company under which, subject to the approval of the Government of the Arab Republic of Egypt, Beach will acquire a ...
Methanex Signs Agreement for Chile Operations
Chile >> 5/5/2008 - Methanex Corporation announced that it has signed an agreement with ENAP (the Chilean state-owned oil and gas company) to accelerate gas exploration and development in the Dorado Riquelme exploration ...
PA Resources formally completes the acquisition in Congo
Congo >> 4/22/2008 - PA Resources AB formally closed the transaction relating to the previously announced acquisition of 35 percent in the license Mer Profond Sud including the Azurite field situated offshore the Republic...
Devon Agrees to Sell Assets in EQ for $2.2 Billion
Equatorial Guinea >> 4/8/2008 - Devon Energy Corporation announced that it has agreed to sell its oil and gas business in the African nation of Equatorial Guinea for $2.2 billion. The buyer is GEPetrol, the national oil company of E...

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