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Acquisitions and Divestitures News

Ecopetrol Awarded Nine Blocks in 2010 ANH Round
Colombia >> 6/22/2010 - The company to explore the Los Cayos blocks in the Colombian Caribbean in partnership with Repsol and YPF. Investments in the blocks will be in the order of US$102 million over the next three years. ...
NNPC Approved the Sale of 45% Equity to SEPLAT
Nigeria >> 6/18/2010 - The Board of Nigerian National Petroleum Corporation (NNPC), at its meeting held on 15th June, 2010, approved the sale of 45% equity of SPDC/Total/Eni in OMLs 4, 38 and 41 to SEPLAT (Maurel & Prom 45%...
Africa Oil Signs Agreement to Acquire South Omo Block
Ethiopia >> 6/17/2010 - Africa Oil Corp. is pleased to announce that it has signed a Farmout Agreement and Joint Venture Agreement with Agriterra Ltd. (formerly White Nile Ltd.) to acquire an 80% participating interest and o...
Bowleven Completes Etinde Farm-Out Transaction
Cameroon >> 6/17/2010 - Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that the Etinde Permit (Etinde) farm-out transaction entered into with Vitol E&P Limited (Vitol) h...
Africa Oil Announces Puntland Farm-Out
Somalia >> 6/15/2010 - Africa Oil Corp. is pleased to announce that it has signed a Letter of Intent with Red Emperor Resources NL ("Red Emperor") pursuant to which Red Emperor will acquire a participating interest in the D...
Petrodorado Signed A Farm-in Agreement With Ongc Ltd.
Colombia >> 6/14/2010 - Petrodorado Energy Ltd. is pleased to announce the signing of a farm-in agreement with ONGC Videsh Ltd. for a 30 percent participating interest in CPO-5 Block of Colombia. ...
Sharjah’s Crescent Inks Farm-Out Deal with Rosneft
United Arab Emirates >> 6/6/2010 - A partnership between Sharjah-based Crescent Petroleum and Russia's Rosneft Oil Company commenced drilling Saturday on the first of four possible wells for natural gas in the Sharjah Onshore Concessio...
BG Group to Farm-In to Offshore Acreage in Tanzania
Tanzania >> 5/26/2010 - BG Group announced that it has received the written consent of the Government of the United Republic of Tanzania to farm-in to blocks 1, 3 and 4 offshore southern Tanzania currently owned solely by Op...
Sound Oil farms out Bangkanai PSC
Indonesia >> 5/25/2010 - Sound Oil, the upstream Oil and Gas Company with assets in Indonesia, announces that it has entered into an agreement under which it has farmed out part of its interest in the Bangkanai Production Sha...
Hyperdynamics Receives Payment from Dana Petroleum
Guinea >> 5/20/2010 - Hyperdynamics Corporation announced it has received payment of $19.6 million in cash from Aberdeen-based Dana Petroleum plc for a previously announced 23 percent participating interest in Hyperdynamic...
Tethys Signs Farmout Agreement With Mitsui
Oman >> 5/19/2010 - Tethys Oil AB with its wholly owned subsidiary Tethys Oil Blocks 3 and 4 limited (“Tethys”) have entered into an agreement with Mitsui E&P Middle East B.V., a subsidiary of Mitsui & Co., Ltd., (“Mitsu...
Universal Awarded Additional Blocks Offshore Namibia
Namibia >> 5/17/2010 - Universal Power Corp. announced that it has been awarded a Petroleum Exploration Licence (“PEL”) for the offshore Namibian blocks 2813A, 2814B, and 2914A by the Ministry of Mines and Energy (“MME”) of...
INPEX Signs JV Agreement on Carabobo 3 Development
Venezuela >> 5/13/2010 - Inpex Corporation is pleased to announce that it signed Joint Venture Agreement for the Venezuelan Carabobo Project 3 as a member of the consortium with Mitsubishi Corporation (Mitsubishi), Chevron an...
Aegean Farms in to 2nd Exploration License in Egypt
Egypt >> 5/12/2010 - Aegean Energy, the only operator of Oil and Gas in Greece; after obtaining its first international exploration license in Egypt in December 2009 (East Magawish Block in the Gulf of Suez); is pleased t...
Candax Enters Into Farm-Out Agreement on Chaal
Tunisia >> 5/11/2010 - Candax Energy Inc announces that the Company has entered into a Farm-Out Agreement (the "Agreement") on the Chaal Permit with SacOil Holdings Limited, an international upstream oil and gas company ("S...
Canacol Announces Direct Award of the Cedrela Block
Colombia >> 5/4/2010 - Canacol Energy Ltd. is pleased to announce that it has been awarded the Cedrela Exploration and Production Contract (“Cedrela E&P Contract”) by the Agencia Nacional de Hidrocarburos (“ANH”) of Colombi...
Eni Says Hands Over Iran Oilfield to Local Partners
Iran >> 4/29/2010 - Italy's oil and gas major Eni is handing over operatorship of Darkhovin oilfield in Iran to local partners to avoid U.S. sanctions for doing business with Iran, Eni said in a document for U.S. authori...
Conocophillips Terminating Agreement for Shah Gas
United Arab Emirates >> 4/28/2010 - ConocoPhillips has decided to end its participation in developing the Shah Gas Field with Abu Dhabi National Oil Company (ADNOC). ConocoPhillips had considered holding a 40 percent ownership stake in ...
ANP Approves the Transfer of 7 Blocks in the Parnaiba Basin
Brazil >> 4/27/2010 - OGX announces that The Brazilian Petroleum, Natural Gas and Biofuels Agency (ANP) approved the transfer of 70% of the rights and obligations related to seven exploratory onshore blocks in the Parnaiba...
ConocoPhillips to Sell Syncrude Stake to Sinopec
China >> 4/12/2010 - ConocoPhillips announced that it has entered into definitive agreements with subsidiaries of Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03 percent interest...

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