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Acquisitions and Divestitures News

Hyperdynamics Reaches Agreement with the Government
Guinea >> 3/25/2010 - Hyperdynamics announced that it and the Government of the Republic of Guinea have executed an amendment to the 2006 Production Sharing Contract (PSC). The document was signed by the Guinean Minister o...
Neon Energy Farmout of Offshore Vietnam Block 120
Vietnam >> 3/24/2010 - Neon Energy Limited announced the execution of an agreement with Singapore-based oil and gas company KrisEnergy Ltd (KrisEnergy) and Enovation Resources Ltd (Enovation) (collectively the Farminees) to...
Aegean Farms-in East Magawish Block in Gulf of Suez
Egypt >> 3/24/2010 - Aegean Energy, the only operator of Oil & Gas in Greece, announces the Farming-in of its first international exploration license in the Gulf of Suez in Egypt. ...
DNO Terminates Farm-In Discussions for Chorbane
Tunisia >> 3/23/2010 - Reference is made to DNO's stock exchange notice dated 16 October 2009, concerning signing of a letter of intent between Audax Resources Ltd ("Audax") and DNO for a farm-in transaction in Tunisia. The...
Audax Signs Farm-In Agreement on Chorbane Permit
Tunisia >> 3/23/2010 - AuDAX Resources Ltd is pleased to announce that it signed a farmin agreement with Bombora Energy Pty Ltd for participation in exploration of the Chorbane Permit onshore Tunisia. Bombora is a private e...
Devon $7.0 bn of Property Sales and Oil Sands JV
United States >> 3/11/2010 - Devon Energy Corporation announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion. In addition, BP will ass...
Methanex to Participate in the Tranquilo Block
Chile >> 3/9/2010 - Methanex Corporation announced its participation in the Tranquilo Exploration Block, located in southern Chile. Methanex's participation is part of a new ownership structure that involves both the Tra...
Pacific Asia Amends Agreement for Oyo Acquisition
Nigeria >> 3/8/2010 - Pacific Asia Petroleum, Inc., a based energy company engaged in the development, production and distribution of oil and gas, announced that the Company has entered into an amendment to the Sale and Pu...
Tap Receives Approvals For Farm-In to Rangkas
Indonesia >> 3/2/2010 - Tap is pleased to announce that it has now received the necessary government approvals for the acquisition by Tap of a 24% interest in the Rangkas Block, onshore West Java from Lundin Petroleum AB. Th...
Talisman and San Leon Sign Joint Venture Agreement
Poland >> 3/1/2010 - San Leon Energy PLC is pleased to announce that its decision to enter into the Baltic Gas Shale play in Poland has culminated in this exciting farm in announcement with Talisman Energy Inc. ("Talisman...
ANP Approves 15% in Block BM-ES-23 to Inpex
Brazil >> 2/19/2010 - Inpex Corporation is pleased to announce that it has been granted approval by the Brazillian authority, ANP to aquire a 15% participating interest of the Block BM-ES- 23 from Shell Brasil Ltda. (Shell...
Uganda Govt Asks Tullow to Reduce Oil Assets Share
Uganda >> 2/18/2010 - The Ugandan government has asked U.K.-based Tullow Oil PLC to reduce the size of its proposed share in three of the country's oil blocks in order to diversify ownership of Uganda's oil resources, the ...
Artumas Final Participating Interest in Mozambique
Mozambique >> 2/18/2010 - Following the successful sale and completion of certain participating interests held in Mozambique oil and gas concessions, Artumas confirmed its final royalty interest position in relation to the Are...
Egypt's EGAS Awards New Blocks to Six Firms
Egypt >> 2/16/2010 - Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) has awarded three offshore blocks to six companies, including BG Group and Royal Dutch Shell, the oil minister said. ...
Dominion Farms Out Mandawa and Kisangire Licences
Tanzania >> 2/15/2010 - Dominion Petroleum has signed an agreement in principle with Les Etablissments Maurel & Prom (M&P) to farm in to the Mandawa and Kisangire PSAs (production sharing agreements) onshore Tanzania, giving...
Hyperdynamics Finalizes Sale of Minority Interest
Guinea >> 1/29/2010 - Hyperdynamics announced that it has finalized the sale of a minority interest in its oil and gas concession offshore the Republic of Guinea (Northwest Africa) to Dana Petroleum plc. ...
SEPLAT Acquires a 45% Stake in OMLs 4, 38 and 41
Nigeria >> 1/29/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT), Shell Petroleum Development Company Of Nigeria Ltd (SPDC), Total E&P Nigeria Ltd, And Nigeria Agip Oil Company have signed an agreement concerning th...
Afren to Farm Into Oml 115 Offshore Nigeria
Nigeria >> 1/27/2010 - Afren has entered into a Joint Venture Agreement (JVA) with Oriental Energy Resources and Energy Equity Resources (EER) for participation in the exploration, appraisal and development of OML 115 offsh...
PDVSA & Eni Sign Agreement to Develop Junin 5
Venezuela >> 1/26/2010 - Rafael Ramirez, Venezuelas Minister of Energy and Petroleum and President of PDVSA, and Paolo Scaroni, Eni's CEO, have signed in the presence of Venezuelan President Hugo Chavez Frias and Vincenzo Sc...
Tullow Signs SPA to Buy Heritage Ugandan Interests
Uganda >> 1/26/2010 - Tullow Oil PLC announces that its subsidiary Tullow Uganda Limited has entered into a Sale and Purchase agreement (SPA) with Heritage Oil & Gas Limited ("HOGL") and Heritage Oil Plc ("Heritage") to pu...

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