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Acquisitions and Divestitures News

Eco Receives Approval to Farm Out 20% of its Licenses to Azimuth
Namibia >> 5/31/2012 - Eco (Atlantic) Oil & Gas Ltd is pleased to announce that Namibia’s Minister of Mines and Energy has approved the assignment pursuant to the Farm-out Agreement with Azimuth Ltd. (“Azimuth”) of Hamilton...
LUKOIL Assumes Operatorship of Three Projects in WA
Ivory Coast (Cote D'Ivoire) >> 5/31/2012 - LUKOIL Overseas (wholly-owned subsidiary of LUKOIL) took over the operatorship of offshore exploration projects CI-101 and CI-401 (Republic of Cote d'Ivoire) and Cape Three Points Deep Water (CTPDW, R...
Wintershall Ends Activities in Mauritania
Mauritania >> 5/31/2012 - Wintershall, Germany’s largest internationally active crude oil and natural gas producer, has given back its two onshore licenses Ta5 and Ta6 for the Taoudeni Basin in Mauretania to the energy ministr...
INPEX Awarded Onshore Exploration Block 10 in Iraq
INPEX Awarded Onshore Exploration Block 10 in Iraq Iraq >> 5/31/2012 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX was successful in the fourth Petroleum Licensing Round in Iraq, and won the onshore Exploration Block 10 jointly with LUKOIL Overseas Holdin...
DualEx Updates Status of Bouhajla Farmout Agreement
Tunisia >> 5/30/2012 - DualEx Energy International Inc announced that it is in further discussions with Watutatu Inc. (the “Farmee”), a wholly-owned subsidiary of Africa Hydrocarbons Inc., regarding the payment of the secon...
West Qurna 2 Exit Process Completed
West Qurna 2 Exit Process Completed Iraq >> 5/30/2012 - Statoil has now transferred its 18.75 per cent share in the West Qurna 2 field to the operator Lukoil following the Iraqi authorities’ approval of the transaction. Statoil has been a partner with Luko...
CAMAC Energy Signs Licenses for Blocks A2 and A5
Gambia >> 5/29/2012 - CAMAC Energy Inc. announced that it has signed Petroleum Exploration, Development & Production Licenses with The Republic of The Gambia for two previously awarded offshore exploration blocks, A2 and A...
Eni Wins New E&P Block in Indonesia
Eni Wins New E&P Block in Indonesia Indonesia >> 5/29/2012 - Italy's oil and gas major Eni said it has won a new oil and gas exploration block in a rich hydrocarbon region of Indonesia in the first international bid round in the country in 2012 as it aims to ex...
Oando Acquires 40% Participating Interest in Qua Iboe Field
Nigeria >> 5/28/2012 - Oando Exploration and Production Limited (“OEPL”), a subsidiary of Oando PLC with 13 exploration and production assets, is pleased to announce that it has signed a farm-in agreement with Network Explo...
Noble Closes $37.75 Million Bakken Shale Acquisition
United States >> 5/25/2012 - Noble Royalties, Inc. has closed on the acquisition of producing oil and natural gas royalties in seven North Dakota counties from an undisclosed seller. The $37.75 million Bakken Shale acquisition co...
Krisenergy Awarded Udan Emas PSC in Indonesia
Indonesia >> 5/25/2012 - Upstream oil and gas company, KrisEnergy Ltd, is pleased to announce that it has strengthened its portfolio in Indonesia with the award of the Udan Emas production sharing contract (PSC) onshore West ...
Simba Receives Final Approval for Onshore Guinea PSCs
Guinea >> 5/24/2012 - Simba Energy Inc. is pleased to announce that it has received final approval for 60% of the Production Sharing Contract (PSC) in blocks 1 & 2, onshore Guinea from the Republic of Guinea's Minister of ...
Shell, Chevron Oil Licenses Renewed by June
Nigeria >> 5/22/2012 - Nigeria expects to renew onshore oil licenses with U.S. firm Chevron and Royal Dutch Shell by June, its oil minister said, following Exxon Mobil's renewal in February worth trillions of dollars. ...
MDU Purchases Bakken Oil And Gas Midstream Assets
United States >> 5/21/2012 - MDU Resources Group, Inc. (MDU), through its wholly owned subsidiary, Bitter Creek Pipelines, LLC, announced an agreement purchasing a 50 percent undivided interest in Whiting Oil and Gas Corporation’...
Tullow and Mauritania Sign E&P Contract for Block C-18
Mauritania >> 5/17/2012 - A contract for exploration and production on the C-18 block coastal of the basin was signed in Nouakchott between the Islamic Republic of Mauritania and the British company Tullow Oil. The contract wa...
Candax Reports on Acquisition of Maghreb
Tunisia >> 5/16/2012 - Candax Energy Inc is pleased to announce that, following the investment by IFC (the member of the World Bank focused on private sector development), Candax has purchased the remaining working interest...
New Oil Field Acquired in Uzbekistan
Uzbekistan >> 5/16/2012 - Tethys Petroleum announced Chegara Production Limited (CPL), its 100% owned subsidiary, has signed a Production Enhancement Contract (PEC) for a new oil field, the Chegara Group of Fields (Chegara), i...
CAMAC Signs PSCs for Four Exploration Blocks in Kenya
Kenya >> 5/15/2012 - CAMAC Energy Inc. announced that it has signed Production Sharing Contracts (PSCs) with the government of The Republic of Kenya for previously awarded exploration Blocks L1B, located onshore in the La...
Award of Russian Exploration Licence
Award of Russian Exploration Licence Russia >> 5/15/2012 - JKX Oil & Gas plc (JKX) is pleased to announce that YGE, its wholly owned Russian subsidiary, has been awarded the Giorgievskoye exploration licence in the Republic of Adygea, southern Russia. ...
Genel Picks up More Kurdistan Acreage
Genel Picks up More Kurdistan Acreage Iraq >> 5/14/2012 - Oil Company Genel Energy is to acquire a 23 per cent stake in the Bina Bawi exploration licence in Kurdistan for $175 million to build on its existing presence in the region. The Bina Bawi licence lie...

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