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Acquisitions and Divestitures News

Bashneft Wins Auction for Two Subsoil Blocks
Bashneft Wins Auction for Two Subsoil Blocks Russia >> 2/21/2012 - Bashneft was recognized as winner of the auction held by the Department of Subsoil Use of the Nenets Autonomous District (NAOnedra) and was granted the rights to geological exploration, finding, surve...
Forouz B Gas Field Contract Signed
Iran >> 2/21/2012 - Development contract of the gas field named Forouz B was signed between the National Iranian Offshore Oil Company (NIOOC) and Mapna Group today morning in the presence of minister of petroleum Rostam ...
Iran Signs a New Oil Contract
Iran >> 2/21/2012 - Development contract of three oil fields including Kohmond, Kaki and Boshgan was signed between Petroleum Engineering and Development Company (PEDEC) on the one hand and Kish’s International Neft and ...
Otto Energy Acquires Interests in Two PSAs from Swala
Tanzania >> 2/21/2012 - Otto Energy Ltd (Otto) has agreed to acquire interests in two onshore Production Sharing Agreements (PSA's) in Tanzania from joint venture partner Swala Oil and Gas (Tanzania) Limited (Swala). The acq...
Tullow Completes $2.9bn Farm-Down of Uganda Licences
Uganda >> 2/21/2012 - Tullow Oil plc (Tullow) is pleased to announce that it has completed the farm-down of 66.6666% of its Ugandan licences to CNOOC Limited and Total for a consideration of $2.9 billion. The farm-down fol...
Update on Divestment of Mnazi Bay Concession
Tanzania >> 2/21/2012 - Cove Energy plc, the AIM quoted upstream oil and gas company, notes the announcement issued today by Wentworth Resources Limited (Wentworth) confirming, inter alia, that the concession partner and ope...
AWE Completes Indonesian Transaction
Indonesia >> 2/17/2012 - AWE Limited (“AWE”) is pleased to announce that the transaction to acquire a 100% interest and operatorship of two Production Sharing Contracts offshore Indonesia has been completed effective 17 Febru...
Total Buys Stakes in Three New Exploration Licenses
Ivory Coast (Cote D'Ivoire) >> 2/17/2012 - Total announces the signature of production sharing agreements with the Cote d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 l...
ConocoPhillips Announces Sale of Vietnam Business Unit
Vietnam >> 2/16/2012 - ConocoPhillips announced that, as part of its ongoing strategy to create shareholder value, it has entered into an agreement to sell its Vietnam business unit for a total of $1.29 billion plus customa...
Vaalco Energy Granted Extension of PSA for Block 5
Angola >> 2/14/2012 - VAALCO Energy, Inc. provided an update on the company’s working interest in Block 5 offshore Angola. VAALCO recently received written confirmation from the Angolan national oil company, Sonangol, that...
Gulf Keystone Appoints Advisors to Akri Bijeel Sale
Iraq >> 2/14/2012 - Shares in Gulf Keystone Petroleum gained another five per cent in morning trading when the AIM-quoted E&P signaled further progress in its plans to monetise its game-changing portfolio of exploration ...
TAQA Announces UK North Sea Farm-In Agreements
United Kingdom >> 2/13/2012 - Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced two farm-in agreements with a subsidiary of Fairfield Energy Limited (Fairfield...
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...
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...
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...

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