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Acquisitions and Divestitures News

LUKOIL Could Lose Trebs & Titov Rights
Russia >> 3/23/2012 - Russia's LUKOIL could lose access to the Trebs & Titov field, which it had planned to develop with mid-sized player Bashneft, Interfax quoted the natural resources ministry as saying on Friday. ...
Award of 16 Indian Blocks Under (NELP-IX) Policy
Award of 16 Indian Blocks Under (NELP-IX) Policy India >> 3/23/2012 - Award of Exploration Blocks under ninth bid round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks under the eighth bid round of NELP (NELP-VIII) ...
Melrose to Farm Out 40% of Muridava Concession
Romania >> 3/22/2012 - Melrose Resources plc, the oil and gas exploration, development and production company, provides an update on its Muridava (Ex-27) exploration concession offshore Romania. In line with its previously ...
Brenham Receives LOI for a 15% Interest in Four Blocks
Equatorial Guinea >> 3/22/2012 - Brenham Oil & Gas Corp (Brenham), a subsidiary of American International Industries, Inc (American), announced that it received and accepted a letter of award from the Government of Equatorial Guinea ...
Iraq Still Considering Exxon Bidding Ban
Iraq Still Considering Exxon Bidding Ban Iraq >> 3/22/2012 - Iraq is still considering whether to lift a ban on Exxon Mobil bidding on new oil contracts imposed because of its dealings with the Kurdish autonomous region, Oil Minister Abdul Kareem Luaibi said. ...
African Petroleum Corporation Awarded Block CI-509
Ivory Coast (Cote D'Ivoire) >> 3/21/2012 - African Petroleum Corporation Limited, a West African focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, African Petroleum Cote d’Ivoire Limited, has ent...
Range Enters Agreement Regarding Nugaal Offshore Block
Somalia >> 3/20/2012 - Range Resources Limited is pleased to announce that it has entered into an Agreement with the Puntland Government with respect to obtaining a 100% working interest in the highly prospective Nugaal Bas...
OGX Increases Participation in Blocks BM-C-37 & BM-C-38
Brazil >> 3/20/2012 - OGX has acquired an additional 20% stake in blocks BM-C-37 and BM-C-38, in the shallow waters of the Campos Basin, from its partner Maersk Oil, becoming operator of these blocks. OGX now holds a 70% i...
Roxi Petroleum Announces BNG Farmout to KNOC
Roxi Petroleum Announces BNG Farmout to KNOC Kazakhstan >> 3/20/2012 - Roxi Petroleum has announced that Bakmura, a subsidiary of the Korean National Oil Corporation (KNOC), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million...
Change of Equity Ownership in Licence 20, Block 2714A
Namibia >> 3/16/2012 - Chariot Oil & Gas Limited, the Africa focused independent oil and gas exploration company, notes that its partners in Southern Block 2714A, Petrobras Oil & Gas B.V. (“Petrobras”) and BP Exploration (N...
Iraq Says Exxon Mobil Freezes Kurdistan Deal
Iraq Says Exxon Mobil Freezes Kurdistan Deal Iraq >> 3/16/2012 - Iraq's government has received a letter from Exxon Mobil Corp saying the U.S. oil major had frozen its deal with the country's semi-autonomous Kurdistan region, Iraq's oil minister Abdul Kareem Luaibi...
Qatar Buys 2% stake in Total
Qatar Buys 2% stake in Total Qatar >> 3/15/2012 - Qatar has become the third largest shareholder of Total gaining since last summer 2% stake in oil group, Les Echos newspaper reported in its issue. Sans citer ses sources, le quotidien économique préc...
Maurel & Prom Wins 2 Exploration License in Namibia
Namibia >> 3/15/2012 - Maurel & Prom is pleased to announce that the Government of Namibia has awarded to Maurel & Prom and co-venturers, two exploration licenses in the Walvis basin, offshore Namibia (up to 2,500m water de...
BP to Farm-In to Serica’s Luderitz Basin Blocks
Namibia >> 3/15/2012 - Serica Energy plc announces that, subject to the consent of the Ministry of Mines and Energy in Namibia, BP will be joining Serica in the exploration of Licence 0047 offshore Namibia by farming-in to ...
RWE Dea Farm-Into a License on the Norwegian Shelf
Norway >> 3/12/2012 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered into an agreement with Wintershall Norge ASA to acquire 10 percent equity in production license (PL) 418...
BG to Sell Gas Field After Israel Blocks Project
BG to Sell Gas Field After Israel Blocks Project Israel >> 3/9/2012 - BG Group Plc, the U.K.’s third- largest oil and gas producer, will sell a gas field off the Gaza Strip after its development was blocked by Israel, according to two people with knowledge of the matter...
Global Announced The Sell of Olmos Shale
United States >> 3/8/2012 - Global Petroleum Limited (Global) announces that, further to its announcement on 27 October 2011 that it had appointed Albrecht and Associates to seek buyers for its interest in the Olmos production a...
Iraq OKs Statoil Sale of Oilfield Stake
Iraq OKs Statoil Sale of Oilfield Stake Iraq >> 3/7/2012 - Iraq has approved the sale by Norway's Statoil ASA of its minority stake in a giant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects,...
UAE's Microsol Buys Key Assets of Insolvent Solon
United Arab Emirates >> 3/6/2012 - United Arab Emirates-based solar cell maker Microsol has acquired the key assets of Solon and its subsidiaries, including U.S.-based Solon Corp, the insolvent German solar group said. About 600 jobs w...
HRT to Sell Stakes in Namibia Oil Blocks by June
Namibia >> 3/5/2012 - HRT Participaçoes plans to sell part of its stakes in offshore oil blocks in Namibia by June as it seeks to help pay for exploration activities. ...

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