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Acquisitions and Divestitures News

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...
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...

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