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Acquisitions and Divestitures News

Total Steps Up Exploration in Kenya with the Award of L22
Total Steps Up Exploration in Kenya with the Award of L22 Kenya >> 6/27/2012 - Total announced the signature of a production sharing contract with the Kenyan government for Block L22, which it will operate with a 100% interest. Covering an area of more than 10,000 square kilomet...
Bridge Energy ASA Agrees Farm-Down on PL497/497B
Norway >> 6/27/2012 - Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company is pleased to announce that its wholly owned subsidiary Bridge Energy Norge AS has executed an agreement with Ag...
BP to Sell its Interests in Alba and Britannia Fields
United Kingdom >> 6/26/2012 - BP announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (Mitsui) for $280m in cash. The sale comprises BP’s non-operating 13.3%...
Rift Energy Corp. Acquires Block L19 in Kenya
Kenya >> 6/25/2012 - Rift Energy Corp (Rift Energy) is pleased to announce the signing of a Production Sharing Contract (PSC) covering oil and gas exploration activities on Block L19 in the onshore Lamu Basin within the R...
Approval Given for BP to Join Serica in License 47
Namibia >> 6/25/2012 - Serica Energy plc is pleased to announce that the Minister of Mines and Energy in Namibia has consented to the assignment by Serica of a 30% interest in Serica's Luderitz Basin Licence 0047 to Explora...
Rosneft in Talks to Join Exxon in West Qurna-1 Field
Rosneft in Talks to Join Exxon in West Qurna-1 Field Iraq >> 6/22/2012 - Russia's top crude oil producer, Rosneft, has been in talks with ExxonMobil about teaming up with the U.S. group to tap Iraq's huge West Qurna-1 oilfield, Kommersant daily reported. The daily, citing ...
Marathon Oil Announces Re-entry into Gabon
Gabon >> 6/22/2012 - Marathon Oil Corporation announced that its subsidiary Marathon Upstream Gabon Limited has entered into a farmout agreement with Total Gabon for a 21.25 percent working (25 percent paying) interest in...
Eni & Rosneft Sign Contracts for Russian Offshore Assets
Eni & Rosneft Sign Contracts for Russian Offshore Assets Russia >> 6/21/2012 - Eni CEO Paolo Scaroni and Rosneft Chairman Igor Sechin signed agreements in Saint Petersburg concerning their operation of assets in the Black Sea and the Barents Sea. ...
CNOOC Signs PSC with Primeline for Block 33/07
CNOOC Signs PSC with Primeline for Block 33/07 China >> 6/19/2012 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline...
Sierra Leone Ratifies Talisman Oil Deal
Sierra Leone >> 6/19/2012 - Sierra Leone has ratified an agreement for Canadian-based Talisman Energy to explore for oil after the firm took over a majority stake in an offshore block, an energy official in the country said. ...
Signature of PSC for Block A-12, Offshore Bioko
Equatorial Guinea >> 6/18/2012 - The Ministry of Mines, Industry and Energy is pleased to announce that a Production Sharing Contract (PSC) has been signed regarding Block A-12, offshore Bioko, Equatorial Guinea. The PSC was signed b...
Signature of MOU Regarding Blocks J-14, J-15, K-14 And K-15
Equatorial Guinea >> 6/18/2012 - The Ministry of Mines, Industry and Energy is pleased to announce that a Memorandum of Understanding (MOU) has been signed regarding Blocks J-14, J-15, K-14 and K-15, offshore Rio Muni, Equatorial Gui...
RWE Sale of Egypt Assets Said to Stall Amid Turmoil
Egypt >> 6/15/2012 - A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country’s turbulent political transition deters potential buyers from bidding for the German utility’s offshore gas fields there, acc...
Shell Nigerian Selling 3 More Onshore Blocks
Nigeria >> 6/15/2012 - Royal Dutch Shell's Nigeria operation is working on selling three onshore oil blocks, the latest move to divest some of its onshore assets, a spokesman said. ...
Dana Wins a PSC for the Bakassi West Block in Cameroon
Cameroon >> 6/15/2012 - In a deal which extends our existing position in Africa, Dana will be the Operator (55%), working in partnership with Madison Cameroon Oil and Gas Limited (“Madison”) (35%) and SoftRock Oil and Gas Li...
DualEx Closes Bouhajla Farmout Agreement
Tunisia >> 6/15/2012 - DualEx Energy International Inc announced that it has received from Watutatu Inc. (the “Farmee”), a wholly-owned subsidiary of Africa Hydrocarbons Inc. (“AHI”), the second installment of the Earning F...
Kinetiko Granted Four CBM Permits in South Africa
South Africa >> 6/12/2012 - Kinetiko Energy Limited is pleased to report that it has been granted four Technical Cooperation Permits (TCPs) near Kinetiko’s Amersfoort Project in South Africa. A TCP entitles Kinetiko 12 months to...
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...

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