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Acquisitions and Divestitures News

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...
Rialto Granted EEA over Gazelle Field in Block CI-202
Rialto Granted EEA over Gazelle Field in Block CI-202 Ivory Coast (Cote D'Ivoire) >> 5/14/2012 - Rialto is pleased to announce that the Company has received formal confirmation from the government of Cote d'Ivoire that Rialto has been granted an Exclusive Exploitation Area (EEA) over the Gazelle ...
Qatar Buys Major Stake in Oil Giant Shell
Qatar Buys Major Stake in Oil Giant Shell Qatar >> 5/11/2012 - Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in Royal Dutch Shell, while also reportedly eyeing a chunk of Italian oil major ENI. A ...
CNOOC Signed a PSC with ROC
CNOOC Signed a PSC with ROC China >> 5/11/2012 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (ROC) for Block 09/05 in Bo...
DualEx Announces Amendment to Farmout Agreement
Tunisia >> 5/10/2012 - DualEx Energy International Inc announces that it has entered into an amending agreement with respect to the farmout of its Bouhajla Exploration Permit, onshore Tunisia to Watutatu Inc. (the “Farmee”)...
Gulf Keystone’s Speculation Re Alleged Planned Placing
Iraq >> 5/10/2012 - Gulf Keystone notes the continued and unfounded speculation on various bulletin boards and other social media sites regarding an alleged planned placing of the Company's shares at 160p per share. Gulf...
Ratification of PSA in Tajikistan & Completion of Seismic
Tajikistan >> 5/9/2012 - Manas Petroleum Corp. announced that on May 7, 2012 the Production Sharing Agreement (PSA) between the Government of the Republic of Tajikistan and Joint Closed Stock Company Somon Oil (Somon), a 90% ...
Conocophillips Selling Nigerian Assets
Nigeria >> 5/8/2012 - Conocophillips is selling all of its Nigerian assets including on-shore and off-shore oil and gas fields and a stake in its LNG Brass facility, sources familiar with the situation told Reuters. ...
Receiving Approval for Kilosa-Kilombero & Pangani PSAs
Receiving Approval for Kilosa-Kilombero & Pangani PSAs Tanzania >> 5/7/2012 - Otto Energy Ltd is pleased to announce that it has received approval from the Tanzanian Government for the assignment of a 50% working interest in the Kilosa-Kilombero and Pangani Production Sharing A...
Kosmos Terminates Sabre Acquisition Agreement
Kosmos Terminates Sabre Acquisition Agreement Ghana >> 5/3/2012 - Kosmos Energy announced that it has reached a mutual agreement with Sabre Oil & Gas Holdings Ltd. (Sabre) to terminate the acquisition by Kosmos of Sabre’s participating interest in the Deepwater Tano...
Development Contract of Mansouri Oil Field Signed
Iran >> 5/1/2012 - Development contract of the second phase of Mansouri oil field was signed between Petroleum Engineering and Development Company (PEDEC) and Tadbir Energy Company in the presence of Iranian Petroleum M...
Longford Closes its Interest Sale in Chia Surkh Block
Longford Closes its Interest Sale in Chia Surkh Block Iraq >> 4/30/2012 - Longford Energy Inc. is pleased to announce the closing of the previously announced transaction to sell its 40 per cent undivided interest in the Chia Surkh Block in the Kurdistan region of Iraq to Ge...
Mountainview Acquired 13,000 Acres in Williston Basin
United States >> 4/30/2012 - Mountainview Energy Ltd. is pleased to announce that it has entered into a binding purchase and sale agreement to acquire 12,778 net acres of oil and gas leaseholds in Divide County, North Dakota (the...
Legacy Announces Acquisitions of Rockies Properties
United States >> 4/30/2012 - Legacy Reserves LP "Legacy" announced it has entered into an agreement to purchase oil properties in North Dakota and Montana for $70.8 million in cash. These properties have current net production of...
Eagle Acquisition Of Producing Light Oil Assets
United States >> 4/30/2012 - Eagle Energy Trust “Trust” is pleased to announce that its operating subsidiary, Eagle Energy Acquisitions LP “Eagle”, has entered into a binding agreement to acquire a 92.5% interest in producing pet...

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