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Acquisitions and Divestitures News

Shell Nigerian Selling 3 More Onshore Blocks
Nigeria >> 6/15/2012 - Royal Dutch Shell's Nigeria operation is working on selling three onshore oil blocks, the latest move to divest some of its onshore assets, a spokesman said. ...
RWE Sale of Egypt Assets Said to Stall Amid Turmoil
Egypt >> 6/15/2012 - A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country’s turbulent political transition deters potential buyers from bidding for the German utility’s offshore gas fields there, acc...
DualEx Closes Bouhajla Farmout Agreement
Tunisia >> 6/15/2012 - DualEx Energy International Inc announced that it has received from Watutatu Inc. (the “Farmee”), a wholly-owned subsidiary of Africa Hydrocarbons Inc. (“AHI”), the second installment of the Earning F...
Dana Wins a PSC for the Bakassi West Block in Cameroon
Cameroon >> 6/15/2012 - In a deal which extends our existing position in Africa, Dana will be the Operator (55%), working in partnership with Madison Cameroon Oil and Gas Limited (“Madison”) (35%) and SoftRock Oil and Gas Li...
Kinetiko Granted Four CBM Permits in South Africa
South Africa >> 6/12/2012 - Kinetiko Energy Limited is pleased to report that it has been granted four Technical Cooperation Permits (TCPs) near Kinetiko’s Amersfoort Project in South Africa. A TCP entitles Kinetiko 12 months to...
Global Closes the Sale of Its 40% in Peru Block 95 Contract
Peru >> 6/11/2012 - Global Energy Development PLC, the South America focused petroleum development and production company, with operations in Colombia, South America announces it has closed on the sale of its remaining 4...
Gazprom Neft to Decide on Libya Oilfield by Year-End
Gazprom Neft to Decide on Libya Oilfield by Year-End Libya >> 6/8/2012 - Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, will decide by the year-end whether to proceed with the Elephant oil project in Libya, Gazprom Neft's head said on Friday. ...
PTTEP Signed PSC for 2 More Exploration Blocks in Myanmar
Myanmar >> 6/6/2012 - PTTEP signed the Production Sharing Contract for 2 more onshore exploration blocks in Myanmar. With this success, it will thus help expanding PTTEP investment base as per its strategic plan and streng...
Tower Names Repsol as Farm-in Partner in Namibia
Namibia >> 6/6/2012 - Tower Resources plc notes that Repsol SA ("Repsol") has announced during its investor presentation on 29 May 2012 that it is planning to enter Namibian offshore licence 0010 (the "Licence") as operato...
DualEx Further Amends Bouhajla Farmout Agreement
Tunisia >> 6/4/2012 - DualEx Energy International Inc announced that it and Watutatu Inc. (the “Farmee”), a wholly-owned subsidiary of Africa Hydrocarbons Inc., have agreed to extend to June 15, 2012 the date by which the ...
Adamantine Energy Signs a PSC for Kenya Block 11B
Kenya >> 6/1/2012 - Adamantine, the privately owned East Africa focused oil and gas exploration company, announces that it has signed a PSC with the Republic of Kenya for the block 11B. Under the PSC, the Company will un...
LUKOIL Increases its Share in West Qurna-2 Field
Iraq >> 6/1/2012 - Following the withdrawal of Statoil from West Qurna-2 project in Iraq, LUKOIL Overseas (wholly-owned subsidiary of LUKOIL) has considerably increased its share in the project. As of today, project par...
MOA Signed with Viking to Develop 3 Oil Fields in SC 54A
Philippines >> 6/1/2012 - Nido Petroleum Philippines Pty Ltd a subsidiary of Nido Petroleum Limited, in conjunction with SC 54A Joint Venture partners Yilgarn Petroleum Philippines Pty Ltd, Trafigura Ventures III B.V. and TG W...
Pakistan Petroleum & Lukoil Win Two Oil Block in Iraq
Iraq >> 5/31/2012 - A group led by Lukoil won a bid for a key oil block in the second day of Iraq's energy auction after tough contract terms led to a disappointing opening to bidding on 12 new oil and gas fields for the...
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...

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