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Acquisitions and Divestitures News

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...
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...
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...
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 ...

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