• Home
  • NewsNews
    • News ArticlesNews Articles
      • Firms & Faces
      • Products, Services & Technologies
      • Financial News
      • Geological & Geophysical
      • Drilling & Completions
      • Brownfields & Decommissioning
      • Discoveries & Appraisals
      • Engineering
      • Field Development
      • Construction & Installation
      • Production
      • Rigs & Vessels
      • Pipelines & Transportation
      • Liquefied Natural Gas/Gas to Liquids
      • Unconventional Resources
      • Alternatives & Renewables
      • Health, Safety & Environment
      • Policy & Politics
      • Support Services
      • North Sea & Western Europe
      • Eastern Europe & Russia
      • Middle East & North Africa
      • East & South Africa
      • West Africa
      • North America
      • Latin America
      • Australia
      • India & Southeast Asia
      • China & North Pacific
      • The Arctic
      • Nigeria New Era of Energy
      • Australasian Oil and Gas
    • Internet News
    • Blogs and Opinions
    • Multimedia
    • Resources
    • News Archive
  • MagazinesMagazines
    • Offshore Engineer
    • Asian Oil & Gas
    • Digital Editions
    • Subscription Services
    • Archives
  • DirectoryDirectory
    • Directory Overview
    • Business Directory
  • CommunityCommunity
    • My Profile
    • Members
    • Groups
    • Forums
    • Questions
    • Gallery
    • Oily Cartoons
  • EventsEvents
    • Oil and Gas Industry Events Worldwide
    • Deepwater Intervention Forum
    • Drilling & Completing Trouble Zones Forum
    • Petroleum Exhibition & Conference of Mexico
    • Latin American Petroleum Show
    • Australasian Oil & Gas Exhibition
  • Jobs
  • Store
  • AboutAbout
    • Contact Us
    • Advertise Options
    • Sponsor Widgets
    • Enhance Listing
    • Website map
    • Newsletter
    • SignUp
    • Labs
News Articles        Internet News        Blogs and Opinions        Multimedia        Resources        News Archive
Login       Register
   

News for the Oil and Gas Industry

25 Latest ArticlesCurrent Articles

08

Heritage's Uganda sale proceeding

OilOnline Manager posted on 2/8/2010

Based on Tullow Uganda's exercising its pre-emption rights, Heritage Oil said Eni International has terminated a sale and purchase agreement for Heritage interest in blocks 1 and 3A in Uganda. In a release on 8 February 2010, Heritage said Eni's cancellation of the agreement should expedite the completion of the sale and purchase agreement - using the same terms as the initial agreement with Eni - between Tullow and Heritage, which was announced on 26 January 2010.


Heritage said the government received a formal request for the transfer of the interest on 2 February 2010, and the transaction is expected to close during 1Q 2010.


Last month, Heritage shareholders approved the deal terms, including a consideration of $1.35 billion cash and a further contingent, deferred consideration of up to $150 million cash or an interest in a mutually agreed producing oil field independently valued at a similar amount.


Before the sale, Heritage Oil and Tullow each hold 50% in Blocks 1 and 3A.


Jennifer Pallanich, Managing Editor, Offshore Engineerby: Jennifer Pallanich,
jpallanich@offshore-engineer.com





 

Posted in: Features, Discoveries & Appraisals, East & South Africa
Tags: person:eni, person:jennifer pallanich, country:uganda, company:eni international
Related Articles:
OGX finds oil at Etna OGX continued its exploration streak with the latest announcement of oil in its 1-OGX-6RJS well at the Etna prospect. The Ocean Quest is still drillin...
Technologies needed for deepwater Increasing production rates and ultimate recovery while reducing development costs are the three chief needs operators have in deepwater scenarios, on...
Banking on offshore With the offshore wind sector already garnering government support and increasingly piquing the interest of the private sector, the banking ...
Windmills in mind As the offshore oil & gas industry grew in its infancy away from the coast, operators applied their experience from one platform to the next...
Pyrenees goes onstream BHP Billiton brought its Pyrenees project offshore Western Australia ahead of schedule, the operator said on 1 March 2010. Located in water depths of ...
Actions: E-mail | Permalink | Comments (0) | twitter | del.icio.us
Post Rating
Comments
There are currently no comments, be the first to post one.
Post Comment

Name (required)

Email (required)

Website

Enter the code shown above in the box below

Search News

Our Magazines and More

  • Offshore Engineer / Asian Oil & Gas
  • Play our Oily Cartoon Contest
  • Sign up for our Newsletters

OilOnline News Categories

  • Firms & Faces
  • Products, Services & Technologies
  • Financial News
  • Geological & Geophysical
  • Drilling & Completions
  • Brownfields & Decommissioning
  • Discoveries & Appraisals
  • Engineering
  • Field Development
  • Construction & Installation
  • Production
  • Rigs & Vessels
  • Pipelines & Transportation
  • Liquefied Natural Gas/Gas to Liquids
  • Unconventional Resources
  • Alternatives & Renewables
  • Health, Safety & Environment
  • Policy & Politics
  • Support Services
  • North Sea & Western Europe
  • Eastern Europe & Russia
  • Middle East & North Africa
  • East & South Africa
  • West Africa
  • North America
  • Latin America
  • Australia
  • India & Southeast Asia
  • China & North Pacific
  • The Arctic
  • Nigeria New Era of Energy
  • Australasian Oil and Gas

Most Popular

Deepwater LNG double on the horizon(1867)
Yards plan increased capacity(1835)
Ebb and Flow: War. What is it good for?(1709)
More Goliat work awarded(1514)
Forecast: 2010 hurricane season more active(1514)

Most Commented

Lundin Petroleum acquires interest in PL265 in the Greater Luno area
Marlink to provide Sealink(TM) systems to Hornbeck Offshore Services
Cosalt awarded 3-year contract with Babcock Rail for personal protection equipment
Alliance Engineering and Statoil USA E&P Inc sign Gulf of Mexico frame agreement
Vertec Engineering wins series of rental contracts

Resources

Energy Information Administration (EIA)
The International Energy Agency (IEA)
Rig data, oil prices, weather & more...

Quick Poll

Where will oil prices go?




Submit Survey View Results

Most Popular News Tags

city:aberdeen city:houston company:chevron company:petrobras continent:asia continent:europe country:australia country:brazil country:china country:norway country:singapore country:uk country:us fieldterminology:natural gas fieldterminology:oil production geographicfeature:north sea region:gulf of mexico region:middle east region:west africa stateorcounty:texas
You are here: News»News Articles

News Articles | Internet News | Blogs and Opinions | Multimedia | Resources | News Archive

OilOnline / Atlantic Communications
1635 W Alabama, Houston, TX 77006  713.831.1768

Sitemap | Contact Us | Advertise | Subscriptions
Copyright 2010 by OilOnline