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Acquisitions and Divestitures News

Shell Granted Exploration Right in South Africa
South Africa >> 2/10/2012 - The Minister of Mineral Resources has awarded Shell South Africa Upstream B.V. an exploration right in the Orange Basin Deep Water area off the north-west coast of South Africa. The exploration area c...
LUKOIL Says Statoil Plans to Leave Iraq's Field
Iraq >> 2/9/2012 - Russian oil company LUKOIL said that Norway's Statoil has informed it about plans to leave Iraq's West Qurna Two oilfield, Russian agencies is quoting LUKOIL's top executive as saying. ...
North Energy Sells Fogelberg Gas Discovery
Norway >> 2/9/2012 - North Energy has entered into an agreement to sell its interest in licence 433 (Fogelberg) for NOK 70 million to Centrica Resources (Norway). Production licence 433 contains the Fogelberg gas/condensa...
Sacoil Agrees Revised Terms for Entry into OPL 281
Nigeria >> 2/8/2012 - SacOil, the independent African upstream oil & gas company, announces it has agreed revised terms for its partnership with Transnational Corporation of Nigeria PLC (‘Transcorp’) and Energy Equity Reso...
Changuleh Oil Field Development Contract Was Signed
Iran >> 2/7/2012 - Making the above remarks at signing ceremony of development contract of Changuleh oil field on Monday, NIOC’s managing director Ahmad Qalebani added the contract was signed between Petroleum Engineeri...
Agreement on the Hassi Ba Hamou Permit
Algeria >> 2/3/2012 - Gulf Keystone is pleased to announce that all required documentation has been executed and all necessary Government approvals obtained pursuant to the agreement between the Company and BG Group, the O...
Tullow Signs Two New PSAs with Ugandan Government
Uganda >> 2/3/2012 - Tullow Oil plc (Tullow) is pleased to announce that it has signed two new Production Sharing Agreements (PSAs) with the Government of Uganda. The new PSAs cover the EA-1 and Kanywataba licences in the...
Impact Acquires 80% in Exploration Licences Offshore SA
South Africa >> 2/3/2012 - Impact Oil & Gas, the oil and gas exploration company focused on emerging hydrocarbon plays around the African continent, announces the acquisition, under an existing option agreement with Singapore b...
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...
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...
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...
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...
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...
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...
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 ...
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...

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