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Acquisitions and Divestitures News

Vegas & FirstEnergy for sale of East Ghazalat
Egypt >> 2/2/2012 - Following a recent portfolio review, Vegas has decided that its interest in the East Ghazalat Concession located in the Western Desert, is non-core to its long-term strategic aims. Vegas has engaged F...
Conclusion of Farm-Out Agreement with BP in Block 2714A
Namibia >> 2/2/2012 - Chariot Oil & Gas, an independent oil and gas exploration company, announces that its wholly owned subsidiary, Enigma Oil & Gas Exploration (pty) Limited ("Enigma"), has received full approval from th...
Rosneft Obtains Licenses For Three Barents Sea Blocks
Russia >> 1/31/2012 - Rosneft has obtained licenses for geological survey, exploration and production of oil and gas at three blocks of federal significance on the Barents Sea shelf. The blocks are Tsentralno-Barentsevsky,...
Tullow Asset Sale Deal Deadlocked
Uganda >> 1/27/2012 - Uganda said the proposed sale of stakes by UK-based explorer Tullow Oil in its fields in the east African country to France's Total and China's CNOOC had been delayed by disagreements over protective ...
AWE Acquires Growth Assets in Indonesia
Indonesia >> 1/26/2012 - AWE Limited (AWE) has executed a Sale and Purchase Agreement (SPA) with a subsidiary of Genting Berhad (Genting) whereby a wholly owned subsidiary of AWE will acquire a 100 percent interest and operat...
Heritage Oil Awarded Further Acreage in Tanzania
Tanzania >> 1/25/2012 - Heritage Oil Plc, an independent upstream exploration and production company, announces that it has been awarded a further Production Sharing Agreement (PSA) in Tanzania. Heritage is the operator with...
Kuwait Selects Total as Partner for $9B China Refinery
China >> 1/25/2012 - Kuwait chose Total (FP) SA as the third partner to build a $9 billion oil refinery in China, the head of Kuwait Petroleum Corp. said, as the Gulf state seeks a foothold in Asia’s biggest consumer of r...
Apache to Buy Cordillera Energy for $2.85 Billion
United States >> 1/23/2012 - Apache Corporation announced that it has agreed to acquire Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximately 254,000 net acres in the ...
CAMAC Awarded Two Offshore Exploration Blocks in Gambia
Gambia >> 1/23/2012 - CAMAC Energy Inc, a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that it has entered into an agreement with the Gambian Ministry of Petrol...
Brazil to Hold 11th Oil Rights Sale May 14-15, Adds New Blocks
Brazil >> 1/23/2012 - Brazil plans to hold its 11th-round auction of oil and natural gas rights on May 14 and 15 in Rio de Janeiro, restarting sales of exploration and production leases for the first time in five years, th...
Exillon Announces Acquisition of the Sinatiyskoye Licence
Russia >> 1/18/2012 - Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announ...
ShaMaran Petroleum Finalizes Agreement with KRG
Iraq >> 1/18/2012 - ShaMaran has signed a final binding agreement with the Kurdistan Regional Government (KRG) to relinquish to the KRG the 60% working interests currently held in each of the Arbat and Pulkhana Productio...
Genel Boosts Stake to 80% in Chia Surkh Block
Genel Boosts Stake to 80% in Chia Surkh Block Iraq >> 1/16/2012 - Genel Energy plc (Genel Energy) announces a step forward in its strategy to consolidate its position as a leading oil and gas player in the Kurdistan Region of Iraq by becoming the government's sole C...
PTTEP Diluted its Shares in Offshore Assets in Indonesia
Indonesia >> 1/13/2012 - PTT Exploration and Production Public Company Limited (PTTEP) announced that it has agreed to dilute its share in three deep-offshore exploration blocks in the Makassar Strait in Indonesia to Total, F...
Statoil Seeks to Sell West Qurna-2 Stake in Iraq
Iraq >> 1/13/2012 - Statoil ASA (STL) is trying to sell its stake in the West Qurna-2 oilfield in Iraq, the Middle East Economic Survey reported, without saying where it got the information. The company may use the negot...
Kosmos to Explore for Oil in Cameroon
Kosmos to Explore for Oil in Cameroon Cameroon >> 1/12/2012 - Kosmos Energy signed an agreement with Cameroon's state oil company SNH allowing it to explore in the central African state's offshore Fako block, SNH said. ...
Ivanhoe to Sell Zitong Block to Shell Subsidiary
China >> 1/11/2012 - Ivanhoe Energy Inc. announced that its wholly owned subsidiary, Sunwing Zitong Energy (SZE), has signed a binding Memorandum of Understanding to sell 100% of its participating interest in the Producti...
Sierra Leone Announces Bid Round on 29 December 2011
Sierra Leone Announces Bid Round on 29 December 2011 Sierra Leone >> 1/11/2012 - Pursuant to Section 30(1) and 32(2) of the Petroleum Exploration and Production Act 2011, the Sierra Leone Petroleum Directorate announces Sierra Leone's 2011/2012 Petroleum Bid Round for the followin...
Adira Farm-out of 25% of Yitzhak License to AGR Group
Israel >> 1/10/2012 - Adira Energy Ltd. is pleased to announce that it has received approval from Israel’s Petroleum Commissioner for the farm-out of 25% of its interest in the Yitzhak license (the License) to the AGR Grou...
Extension the Initial Period for Blocks 3A & 3B
Extension the Initial Period for Blocks 3A & 3B Kenya >> 1/10/2012 - Vanoil Energy Ltd. is pleased to announce that the Ministry of Energy of Kenya has accepted Vanoil's request for an extension of the initial exploration period for Vanoil's 100% owned Blocks 3A and 3B...

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