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Acquisitions and Divestitures News

Oando Announces Closing of Qua Ibo Acquisition
Nigeria >> 4/30/2013 - Oando Energy Resources Inc, a company focused on oil exploration and production in Nigeria, announced the closing of its acquisition from Oando Plc (“Oando”) of shares in Oando Qua Ibo Limited (which ...
Algeria's Sonatrach Eyes Mozambique Gas Assets
Mozambique >> 4/30/2013 - Algerian state energy firm Sonatrach is in talks to buy a stake in Mozambique offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp , its chief executive was quoted as saying. ...
Gold Oil Farms out Block Z-34 to Union Oil & Gas
Peru >> 4/30/2013 - Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that it has farmed out 80% of its interest in the block Z-34, offshore Peru, to Union Oil & Gas Group Co...
San Leon Awarded Two Further Spanish Exploration Licences
Spain >> 4/29/2013 - San Leon Energy is pleased to announce that it has been awarded two new exploration licences in Spain. The two new licences, Aquiles and Cronos (Licences), have been granted to Frontera Energy, San Le...
Oranto Farms out Ondjou Permit Offshore Namibia
Namibia >> 4/29/2013 - Acorn Geophysical announce a farm-in opportunity relating to the Oranto Petroleum held 2011B/2111A Permit in the Walvis basin, Offshore Namibia, formerly known as the Ondjou Block. ...
Staatsolie Signs Oil Deal with Petronas
Suriname >> 4/26/2013 - Suriname's state oil company Staatsolie and Malaysia's Petronas signed a production sharing contract for an offshore bloc about 130 kms (80 miles) off the coast of the South American nation. ...
PSCs over Four License Blocks in Niger Come into Force force
Niger >> 4/26/2013 - International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that, following the fulfilment of certain conditions (the “Conditions”)...
Global Provides Update on Bolivar Partnering Process
Colombia >> 4/26/2013 - Global Energy Development PLC (Global), the Latin America focused petroleum exploitation, development and production company with operations in Colombia is providing an update on the status of the par...
DNO International Signs Block SL18 PSC in Somaliland
DNO International Signs Block SL18 PSC in Somaliland Somalia >> 4/23/2013 - DNO International ASA (DNO International), the Norwegian oil and gas company, announced that it has entered into a Production Sharing Contract (PSC) covering Block SL18 onshore Somaliland. The Preside...
Bass Strait Increases Interest in Gippsland Permit Vic/P41
Australia >> 4/23/2013 - Bass Strait Oil Company has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin. On 21 March 2013 Moby Oil and Gas announced it had negotiated final ...
GEM Signs LOI With Petroskandia for Tebourosouk Block
Tunisia >> 4/23/2013 - Resource Ventures, Inc, through its wholly-owned subsidiary, Global Energy Management Ltd., ("GEM"), has signed a Letter of Intent ("LOI") with Petroskandia AB of Sweden, an oil and gas exploration, p...
Eni Awarded a Deepwater Exploration Block in Egypt
Eni Awarded a Deepwater Exploration Block in Egypt Egypt >> 4/22/2013 - Eni was awarded a deepwater exploration block (Block 9) in the Eastern Mediterranean of Egypt within the EGAS 2012 International bid round in Cairo (Egypt). ...
Dana Gas Awarded Offshore Block in Egypt
Dana Gas Awarded Offshore Block in Egypt Egypt >> 4/22/2013 - Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to announce it was a successful bidder in the Egyptian Natural Gas Holding Company 2012 International Bid Ro...
Sea Dragon Acquires a New Exploration Block in Egypt
Sea Dragon Acquires a New Exploration Block in Egypt Egypt >> 4/22/2013 - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") is pleased to announce the following update concerning its activities in Egypt. ...
OGX to Sell 40% Stake to Lukoil in Tubarao Martelo
Brazil >> 4/21/2013 - OGX Petroleo e Gas SA, the flagship of Brazilian billionaire Eike Batista's troubled EBX group, is negotiating the sale of a 40 percent stake to Russia's Lukoil in a rescue plan that also involves Mal...
Turkey's Soma Group to Explore Oil in South Kordofan
Sudan >> 4/21/2013 - The Sudanese Ministry of Oil signed a Memorandum of Understanding (MOU) with the Turkish company Soma Group by which it will grant the latter a concession to begin oil exploration and production in bl...
Soumar Oil Field Development Contract Inked
Iran >> 4/20/2013 - A contract was signed on Saturday for the development of Sumar oil field in western Iran. ...
Oilex Awarded Canning Basin Permit
Australia >> 4/19/2013 - Oilex Ltd is pleased to announce that it has accepted an offer for Special Prospecting Authority (SPA)-0055 which covers acreage in the onshore Canning Basin of Western Australia. SPA-0055 encompasses...
Petroceltic awarded New Egyptian Exploration Licence
Petroceltic awarded New Egyptian Exploration Licence Egypt >> 4/19/2013 - Petroceltic International plc ("Petroceltic" or the "Company"), the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and the Black Sea regions is plea...
Entry into Transfer Agreement in Respect of Block L9
Kenya >> 4/19/2013 - Vanoil Energy Ltd., a TSX-V-listed oil and gas company with a portfolio of assets in East Africa (Vanoil), is pleased to announce that, following the announcement on 26 March 2013, confirming its inte...

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