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Acquisitions and Divestitures News

Artumas Group Signs MOU With a Potential Venture Partner
Mozambique >> 5/20/2009 - Artumas Group Inc. announced on May 12, 2009, that Artumas Mocambique Petroleos Limitada has signed two Memoranda of Understanding (MOU) with a potential joint venture partner regarding the farm out o...
Total New Offshore Exploration in the Nile Basin
Egypt >> 5/18/2009 - Total announces that, within the framework of the EGAS 2008 international bid round organized by the Egyptian authorities, it has been awarded a 90% participation in and the operatorship of Block 4 (E...
Petrobras Participation in Exploratory Block in Namibia
Namibia >> 5/18/2009 - Petrobras has acquired from Chariot Oil and Gas Limited, an independent oil and gas exploration group, a 50% interest in the exploration Block 2714 A, located in the offshore of southern Namibia. In a...
Farmout of Cabinda North License, Angola
Angola >> 5/15/2009 - InterOil Exploration & Production ASA is pleased to announce, that it has signed an agreement with Petropars to sell 10% in the Cabinda North license. The transaction will cover all of InterOil's curr...
OGX Acquires Additional Participation on BM-S-29
Brazil >> 5/11/2009 - The Brazilian Petroleum, Natural Gas and Biofuels Agency (ANP) has approved the acquisition by OGX Petroleo e Gas Ltda. (“OGX”) from Maersk Oil do Brasil Ltda of na additional participation of 15% of ...
Elixir Sold its Shareholding Interest to Prontinal
Sierra Leone >> 5/6/2009 - Elixir Petroleum Limited, the international oil and gas exploration and production company, announces it has sold its shareholding interest in its wholly owned subsidiary, Elixir Petroleum (UK) Limite...
Sc55 Farm Out Update
Philippines >> 5/5/2009 - Otto Energy Limited advises that following the lapse of the Heads of Agreement with BHP Billiton Petroleum Pty Limited on 31 March 2009 as previously announced, discussions with respect to the farm ou...
India ONGC Close to Iraq Oil Deal-Company
Iraq >> 5/4/2009 - A unit of India's state-run Oil and Natural Gas Corp is close to completing renegotiation of an oil deal in Iraq signed under Saddam Hussein, company sources said. Iraq needs tens of billions of dolla...
Kairiki Executes Farm-out Agreement
Philippines >> 5/1/2009 - Kairiki Energy is pleased to advise that its wholly owned subsidiary, Yilgarn Petroleum Philippines Pty Ltd, has executed a formal Farm-Out Agreement with Focus Oil and Gas SC54 Pte Ltd, a wholly owne...
Farmout of Cabinda Onshore South Block, Angola
Angola >> 4/28/2009 - Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, has executed a farmout agreement with Pluspetrol Angola Corporation ("Pluspetrol"), a wholly owned subsidiary of Pluspetrol Resources Corpo...
Update to Kairiki farm-out process in SC 54, Philippines
Philippines >> 4/15/2009 - Further to our release of 23 March 2009 regarding Kairiki’s conditional agreement to farm-out a 17% interest in the inboard portion of SC 54 in the Philippines, Kairiki has entered into an updated Let...
Ecopetrol & Anadarko Sign an Agreement in Brazil
Brazil >> 4/14/2009 - Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko's subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natur...
Sc55 Farm Out Update and Capital Raising Restructuring
Philippines >> 4/3/2009 - Otto Energy has said its farm-out negotiations for the deepwater exploration block Service Contract 55 (SC55), offshore southwest Palawan Island in the Philippines, were continuing despite the lapse o...
Kairiki to Divest Sicily Channel Assets
Tunisia >> 3/31/2009 - Kairiki Energy is pleased to advise that it has entered into agreements, through its wholly owned subsidiaries, to sell its 30% interest in each of the Sicily Channel exploration permits, Pantelleria ...
Apache's Neuquen Concessions in Argentina Extended Through 2027
Argentina >> 3/30/2009 - Apache Corporation announced that the Argentine province of Neuquen has agreed to extend eight federal oil and gas concessions for 10 additional years. Since acquiring the blocks in 2006, Apache has i...
Kairiki to Farm-out Interest in SC 54, Philippines
Philippines >> 3/23/2009 - Kairiki Energy is pleased to advise that it has entered into a conditional agreement with a private oil and gas investment company ("Investors”) to farm-out a 17% interest in the inboard portion of Se...
PA Resources Farm-out in Congo Approved by Government
Congo >> 3/6/2009 - PA Resources farm-out of shares in the licence Marine XIV has been approved by the government of the Republic of Congo (Brazzaville).

The oil and gas Group PA Resou...
Delta Hydrocarbons to Sell Its Interests in Tunisia
Tunisia >> 2/24/2009 - Delta Hydrocarbons B.V., a Partner with Eurogas International and Atlas Exploration Worldwide Ltd. ("APEX"), in the Joint Venture, has notified Eurogas International and APEX of its desire to sell its...
Uganda - Ministerial Consent for Farm Out
Uganda >> 2/13/2009 - Tower Resources plc, an AIM listed oil and gas exploration company and its wholly-owned subsidiary Neptune Petroleum (Uganda) Limited ("Neptune") announced on 22 December 2008 that they had reached ag...
Vitol to Divest VHFL Stake, Strengthen Focus on Fujairah Refinery
United Arab Emirates >> 2/11/2009 - Vitol Group (Vitol) announced that it has divested its 10% stake in Vopak Horizon Fujairah Limited (VHFL), a 1.5 million cubic meter oil storage facility in Fujairah, United Arab Emirates. ...

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