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Acquisitions and Divestitures News

Genel Energy to Farm-In to Jacka Odewayne Block
Somalia >> 11/12/2012 - Australian oil and gas explorer Jacka Resources Limited (Jacka) is pleased to announce that it has entered into an agreement with Genel Energy plc (Genel), whereby Jacka will farm out 50% equity to Ge...
SPDC Completes 8th Nigerian Oil Mining Lease Sale
Nigeria >> 11/9/2012 - The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 30 (OML30) in the...
Petroceltic Wins Block in 2011 EGPC Bid Round
Egypt >> 11/9/2012 - Petroceltic International plc, the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and Black Sea regions, is pleased to announce its participation in...
Bashneft Signs Exploration Contract of Block 12
Bashneft Signs Exploration Contract of Block 12 Iraq >> 11/8/2012 - The Consortium comprising Bashneft (70%) and Premier Oil (30%) and South Oil Company acting on behalf of the Republic of Iraq signed the exploration, development and production service contract (EDPSC...
Total Acquires 75% Interest in two Kazakh Blocks
Kazakhstan >> 11/8/2012 - Total announces the acquisition of a 75% interest in two Kazakhstan’s Concessions, the “North” and “South” blocks, previously operated by Kazakh Company Nurmunai Petrogas LLP. ...
Lukoil Acquires 25% Interest at SL-4B-10 Block
Sierra Leone >> 11/7/2012 - LUKOIL has acquired a 25% stake in the geological exploration, development and production project at the SL-4B-10 offshore block in the waters of the Republic of Sierra Leone in the Gulf of Guinea. ...
Fastnet Exercises of Option over New Interest in Morocco
Morocco >> 11/7/2012 - Fastnet Oil and Gas plc, the listed E&P company focussed on near term exploration acreage in the Celtic Sea and Africa, is pleased to announce that, through its wholly owned subsidiary Pathfinder Hydr...
QGEP Announces Farm-In Agreement of 30% of the Campos Basin
Brazil >> 11/7/2012 - QGEP Participaçoes S.A. announced that Queiroz Galvao Exploraçao e Produçao S.A, a wholly owned subsidiary, has entered into an agreement for the transfer of 30% of the exploration and production righ...
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. ...

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