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Acquisitions and Divestitures News

Mountainview Acquired 13,000 Acres in Williston Basin
United States >> 4/30/2012 - Mountainview Energy Ltd. is pleased to announce that it has entered into a binding purchase and sale agreement to acquire 12,778 net acres of oil and gas leaseholds in Divide County, North Dakota (the...
Eagle Acquisition Of Producing Light Oil Assets
United States >> 4/30/2012 - Eagle Energy Trust “Trust” is pleased to announce that its operating subsidiary, Eagle Energy Acquisitions LP “Eagle”, has entered into a binding agreement to acquire a 92.5% interest in producing pet...
Legacy Announces Acquisitions of Rockies Properties
United States >> 4/30/2012 - Legacy Reserves LP "Legacy" announced it has entered into an agreement to purchase oil properties in North Dakota and Montana for $70.8 million in cash. These properties have current net production of...
Russia's LUKOIL Head Says No Partners Needed in Iraq
Russia's LUKOIL Head Says No Partners Needed in Iraq Iraq >> 4/27/2012 - Russia's second-largest crude producer LUKOIL will be able to develop Iraq's West Qurna-2 oilfield without partners, the company's president Vagit Alekperov said. But Alekperov, speaking in the Spanis...
Statoil Says Finds Partner for Mozambican Blocks
Mozambique >> 4/25/2012 - Norwegian oil and gas producer Statoil has found a partner to take a 25 percent stake in its two Mozambican blocks where drilling will start next year, an official said. It did not name the partner. ...
Statoil Enters its First Acreage in Ghana
Ghana >> 4/25/2012 - Statoil has entered its first acreage in Ghana, farming into a deepwater licence operated by Hess. The Deepwater Tano/Cape Three Points (DWT/CTP) licence was awarded to Hess Corporation (Hess) in 2006...
Eco Enters Joint Operating Agreements with NAMCOR
Namibia >> 4/24/2012 - Eco (Atlantic) Oil & Gas Ltd is pleased to announce that, through its wholly- owned subsidiary, it has entered into five separate Joint Operating Agreements (“JOA’s” or the “Agreements”) with NAMCOR, ...
Bayfield Executes Exploration Right over Pletmos Inshore Block
South Africa >> 4/23/2012 - Bayfield Energy Holdings plc, an independent oil and gas exploration and production group with production and exploration interests in Trinidad & Tobago, has announced the formal execution of an explo...
Qatar’s Stake in Total Rises to 3 Percent
Qatar’s Stake in Total Rises to 3 Percent Qatar >> 4/21/2012 - Qatar’s stake in Total SA (FP) has risen to 3 percent, according to the chairman and chief executive officer of Europe’s third-largest oil company. ...
Partners in Israel Leviathan Field to Sell Stakes
Israel >> 4/20/2012 - Partners in the huge Leviathan natural gas field offshore Israel aim to sell stakes in the field to bring in other stakeholders and raise cash to help develop the project, sources close to the matter ...
Vanoil Extends Technical Evaluation Agreement in Rwanda
Rwanda >> 4/19/2012 - Vanoil Energy Ltd is pleased to announce it has executed a six month extension to the Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources for Vanoil's 1,631 square kilometre ...
BofA Merrill Lynch Engaged as Financial Advisor
Guinea >> 4/18/2012 - Hyperdynamics Corporation announced that it has engaged BofA Merrill Lynch as financial advisor to assist the Company in connection with a potential sale of a portion of its 77% interest in the 25,00...
Westbridge Announces Acquisition of Interest Offshore Namibia
Namibia >> 4/16/2012 - Westbridge Energy Corporation is pleased to announce that it has entered into a binding letter of intent (the "LOI") with Kayuco Universal Ltd. (Kayuco) dated April 12, 2012, to acquire from the share...
Approval of Block C19 Acquisition Offshore Mauritania
Mauritania >> 4/13/2012 - Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, is pleased to announce that the Contract regarding the Block C19 concession offshore Mauritania, as announced...
Eco Signs Farm-Out Agreement in Licenses Offshore Namibia
Namibia >> 4/12/2012 - Eco Oil & Gas Ltd is pleased to announce that it has signed a definitive Farm-out Agreement with Azimuth Ltd. (“Azimuth”) of Hamilton, Bermuda, an exploration and production company backed by majority...
Tunisia Acreage Position Increased by 29%
Tunisia >> 4/12/2012 - Africa Hydrocarbons Inc is pleased to announce notification was received from Tunisian authorities that an application to expand the Bouhajla Permit has been accepted and the expansion granted as requ...
CNOOC has Signed PSC with Eni for Block 30/27
China >> 4/11/2012 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Eni China B.V. (Eni) for the deepwater Block 30/27 ...
Schlumberger’s Agreement to Sell Wilson International
United States >> 4/10/2012 - Schlumberger Limited announced that it has entered into an agreement with National Oilwell Varco, Inc. to sell its Wilson distribution business. Schlumberger acquired Wilson International Inc. as part...
Chariot Oil & Gas Awarded Exploration Block C19
Mauritania >> 4/10/2012 - Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Mauritania) Ltd. has ...
PVR Announces Acquisition of Marcellus Shale Pipeline
United States >> 4/10/2012 - Penn Virginia Resource Partners, L.P. announced that it has signed a definitive agreement to acquire Chief Gathering LLC "Chief Gathering" for $1.0 billion. Chief Gathering, which is owned by Chief E...

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