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Acquisitions and Divestitures News

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...
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...
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 ...
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...
Petrobras Signs MOU with Vale in the State of Espirito Santo
Brazil >> 6/25/2009 - Petrobras, informs that it has signed a Memorandum of Understanding with Vale S.A. which establishes the framework for a partnership to explore and produce oil and natural gas in part of BM-ES-22 conc...
Gran Signs 3 New Exploration and Exploitation Contracts
Colombia >> 6/22/2009 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced that it has signed three Exploration and Exploitation contracts with the National Hydrocarbon Ag...
Petroceltic Tunisian Farm out Exploration Permit
Tunisia >> 6/9/2009 - Petroceltic International Plc, the upstream oil and gas exploration and production company focused on North Africa and the Mediterranean, announces a farm-out on its Tunisian Ksar Hadada onshore oil a...
Williams Closes Joint Venture with Atlas
Austria >> 6/1/2009 - Williams announced it has closed the joint-venture agreement with Atlas Pipeline Partners L.P. that provides the company entry into the Marcellus Shale. ...
Signing of SP Phases 20, 21 Development Contract
Iran >> 5/30/2009 - Attending by the Oil Minister and MD of National Iranian Oil Company, development contract of Phases 20 And 21 of the giant South Pars gas field was signed with Oil Industry and Engineering Company (O...

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