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Acquisitions and Divestitures News

Iraq to End Turkey TPAO Deal in Block 9
Iraq >> 11/7/2012 - Iraq's cabinet also decided to expel Turkey's TPAO from Block 9, where it holds a 30 percent stake, and asked Kuwait Energy to boost its stake to 70 percent from 40 percent. Dragon Oil holds the remai...
ExxonMobil to Sell Iraq's West Qurna-1 Stake
Iraq >> 11/7/2012 - U.S. energy giant Exxon Mobil Corp (XOM) has begun talks with other international oil companies to sell its stake in Iraq's West Qurna-1 oilfield in southern Iraq, a senior Iraqi oil official said. ...
TransGlobe Successful Bidder on 4 Concessions in Egypt
Egypt >> 11/6/2012 - TransGlobe Energy Corporation is pleased to provide an update on the Egypt bid round results. All dollar values are expressed in United States dollars unless otherwise stated. ...
Sinopec Close to Buying Total Nigeria Stakes
Nigeria >> 11/6/2012 - China's Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion, the Bloomberg news agency reported, citing two people familiar with the m...
Williams Partners Acquires Williams' Gulf Olefins
United States >> 11/5/2012 - Williams Partners announced that it has completed the transaction to acquire Williams' approximately 83-percent undivided interest in the Geismar olefins production facility, as well as Williams' refi...
Iranian Kish Gas Field Contract to Finalize
Iran >> 11/4/2012 - Managing Director of Petroleum Engineering and Development Company (PEDEC) said the contract of the country’s second largest gas field was signed in buyback form with a domestic contractor. ...
CRCL Receives Operator License & Begins Permitting Process
United States >> 11/2/2012 - Circle Star Energy Corp. is pleased to announce that it has received approval for their Operator License by the Kansas Corporation Commission (KCC) and has begun the permitting process to begin drilli...
NGL Acquires Pecos Gathering & Marketing, L.L.C.
United States >> 11/2/2012 - NGL Energy Partners LP (NGL) has completed its previously announced acquisition of the limited liability company membership interests in Pecos Gathering & Marketing, L.L.C. and its affiliated companie...
VAALCO Acquires Interest Offshore Equatorial Guinea
Equatorial Guinea >> 11/1/2012 - VAALCO Energy, Inc announced that, having received the approval of the Government of Equatorial Guinea, it has acquired a 31% non-operating working interest in a production and development area ("PDA"...
Vitol & Helios Complete 4th Phase of Africa Transaction
Kenya >> 10/31/2012 - Vitol and Helios Investment Partners (Helios) announced that they have completed the fourth phase of the transaction that was first announced on February 19th, 2011. ...
Primeline Announces Approval of Block 33/07
China >> 10/29/2012 - Primeline Energy Holdings Inc. is pleased to announce that it has received confirmation of the approval of the petroleum contract for Block 33/07 ("Petroleum Contract 33/07") from the Ministry of Comm...
Ithaca Wins Two Licenses in the UK's 27th Licensing Round
United Kingdom >> 10/29/2012 - Ithaca Energy Inc is pleased to announce its success in the UK's 27th Offshore Licensing Round, with the Company being offered, as Operator, two new traditional licenses. ...
Tethys Finds IOC to Partner at Promising Tajik Field
Tajikistan >> 10/29/2012 - Central Asia-focused explorer Tethys Petroleum has signed a memorandum of understanding (MOU) with an international oil company (IOC) for partnership in Tethys' projects in Tajikistan, including a de...
Hyperdynamics Announces Period of Exclusive Negotiations
Guinea >> 10/29/2012 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd, ("SCS") has entered into an agreement with a subsidiary of Tullow Oil plc, a leading independent oil & gas ex...
Tethys & IOC Signed MOU to Acquire Tajikistan PSC
Tajikistan >> 10/26/2012 - Tethys Petroleum Limited announced that Kulob Petroleum Limited, its subsidiary, which is the Contractor party to the Bokhtar Production Sharing Contract ("Bokhtar PSC") in Tajikistan, has signed a Me...
Adira Announces the Farm-Out of All Offshore Licenses
Israel >> 10/26/2012 - Adira Energy Ltd. is pleased to announce that it has entered into a series of agreements to farm out 5% of its working interest in its Gabriella license, 10% of its Yitzhak license, and 10% of its Sam...
Africa Oil Completes Farmout With New Age and Twiga Update
Ethiopia >> 10/26/2012 - Africa Oil Corp is pleased to report that it has completed the previously announced (July 23, 2012) farmout agreement with New Age (African Global Energy) Limited ("New Age") whereby New Age acquired ...
Chariot Acquires Interest Offshore Morocco
Morocco >> 10/25/2012 - Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has en...
NZOG Acquires 6.667% in PEL 38451
New Zealand >> 10/24/2012 - New Zealand Oil & Gas Limited will not proceed with a conditional agreement to acquire a 6.667 per cent interest in Petroleum Exploration Permit 38451 (Romney). ...
Woodside Makes Offer for Stake in Leviathan Field
Israel >> 10/23/2012 - Australia's Woodside Petroleum has submitted a bid to buy a share of Leviathan, a huge natural gas find off Israel's Mediterranean shores, in another move that will expand its reach outside of Austral...

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