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Acquisitions and Divestitures News

Shell And Exxonmobil Divest From German Gas Pipeline Assets
Germany >> 11/23/2007 - Shell Verwaltungsgesellschaft fuer Erdgasbeteiligungen mbH (Shell) and ExxonMobil Central Europe Holding (ExxonMobil) have agreed to sell the transport business of their German joint venture BEB Erdga...
Total Enters in Chile With the Award of One Exploration License
Chile >> 11/21/2007 - Total announces that it has been awarded the Otway exploration license it applied for under the 2007 Exploration Licensing Round of the Chile’s Minister of Mine. Total will have a 100% interest in Otw...
Devon to Sell Assets in Gabon for $205.5 Million
Gabon >> 11/13/2007 - Devon Energy Corporation has agreed to sell its oil and gas business located offshore Gabon to Oranje-Nassau Energie B.V., a subsidiary of Oranje-Nassau Groep B.V. The purchase price is $205.5 million...
KRG Signs Five More Petroleum Contracts
Iraq >> 11/12/2007 - Following the unanimous decisions of the Regional Oil and Gas Council (“the Council”) of the Kurdistan Regional Government (KRG) at its second and third meetings, Dr Ashti Hawrami, the KRG Minister fo...
Oil Search Farms Down 30% of Area A, Egypt
Egypt >> 11/8/2007 - Oil Search is pleased to announce that it has entered into a sale and purchase agreement with Petrogas E&P LLC, for the sale of a 30% interest in Area A in the Eastern Desert, Egypt. The transaction h...
Stratic Announces Farmout of Moroccan Acreage
Morocco >> 11/7/2007 - Stratic Energy Corporation announces that, subject to ratification by the Moroccan Government authorities, it has converted a portion of its Guercif Beni Znassen Reconnaissance License in north-easter...
Completion of Assignment of Participating Interests in Thai PCAs
Thailand >> 11/7/2007 - Interra Resources Limited announced that it had entered into a conditional farmin-farmout agreement with JSX Energy (Thailand) Limited ("JSXT") in relation to the acquisition of 50% participating inte...
Dodsal Forays into Exploration of Oil & Gas in Tanzania
Tanzania >> 11/2/2007 - Dodsal Hydrocarbons and Power (Tanzania) Pvt. Ltd. (a wholly owned subsidiary of Dodsal Resources) has signed a Production Sharing Agreement with the Ministry of Energy and Minerals and Tanzania Petro...
Vanco Signs Ukraine's First Deepwater Black Sea Agreement
Ukraine >> 10/19/2007 - The Government of Ukraine signed the Prykerchenska Production Sharing Agreement (PSA) with Vanco International Ltd., a subsidiary of Houston-based independent Vanco Energy Company. The agreement repre...
TransAtlantic Announces Farmout Of Turkey Exploration License
Turkey >> 10/9/2007 - TransAtlantic Petroleum Corp. has farmed out Block 4175, one of its exploration licenses in southeastern Turkey. Under the terms of the agreement, the farmee will fund the next portion of the Company'...
BrazAlta & Brownstone Enter into Farm-In Agreements
Brazil >> 10/1/2007 - BrazAlta Resources Corp. ("BrazAlta") and Brownstone Ventures Inc. ("Brownstone") are pleased to announce that Brownstone has entered into two farm-in agreements with BrazAlta and W.Washington Empreen...
Tower Resources Receives Approval For Namibia Farmout
Namibia >> 9/20/2007 - Tower Resources has been advised that the Minister of Mines and Energy of Namibia has approved the farmout by Tower’s wholly-owned subsidiary Neptune Petroleum (Namibia) Limited (“Neptune”) of an 85%...
TransAtlantic Petroleum Corp. Announces Farmout of Tselfat Permit in Morocco
Morocco >> 8/27/2007 - TransAtlantic Petroleum Corp. has reached agreement to farmout 50% of its interest in the Tselfat exploration permit to Sphere Petroleum QSC. In exchange for an option to acquire 50% of the Company's ...
Equator announces a farm out of part of its Participating Interest in the 'PSC in OPL 323, Nigeria
Nigeria >> 8/17/2007 - Equator Exploration Limited announces a farm out of part of its Participating Interest in the Production Sharing Contract ('PSC') in Oil Prospecting Licence ('OPL') 323, offshore Nigeria. The Company ...
Gran Announces Farmout of Acreage in Colombia
Colombia >> 8/1/2007 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced that it has farmed out 50% of its 80% interest in the Azar Block in the Putumayo Basin of Colomb...
Total Finalizes its Entry in OPL 247 in Nigeria
Nigeria >> 7/30/2007 - Total announced that its fully-owned Nigerian subsidiary, Elf Petroleum Nigeria Limited (EPNL), has finalized the acquisition of a 36% interest in deep offshore Oil Prospecting Lease (OPL) 247, operat...
Total Acquires 40% Interest in Offshore OML 136
Nigeria >> 7/26/2007 - Total announced that its operating subsidiary in Nigeria, Elf Petroleum Nigeria Limited (EPNL), has signed an agreement with Nigeria’s Conoil Producing Limited to acquire a 40% interest in offshore Oi...
Gran Announces Award of Two New Blocks in Colombia
Colombia >> 7/23/2007 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced that its application for two Technical Evaluation Areas (TEAs) in the Putumayo Basin in southern...
Nigerian Government Approved Oriental’s Farm-in
Nigeria >> 7/1/2007 - Sovereign Oil & Gas Company II, LLC announced Nigerian government approval of the farm-in by Oriental Energy Resources Limited of Nigeria into the Ebok Marginal Field located in Oil Mining Lease (OML)...
Anadarko Announces Sale of Production Assets in Qatar
Qatar >> 5/21/2007 - Anadarko Petroleum Corporation announced it has agreed to divest 100 percent of its interest in Anadarko Qatar Energy Company LLC and Anadarko Resources Company (collectively "Anadarko Qatar"), which ...

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