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Acquisitions and Divestitures News

JKX Oil & Gas Announces Russian Gas Sales Contract
Russia >> 3/1/2012 - JKX is pleased to announce that its wholly owned Russian subsidiary, Yuzhgazenergy (“YGE”), has signed a sales agreement with Kubangazifikatziya for the sale of 100% of the gas produced in 2012 from i...
Aminex PLC Sells Somerset Field in Texas
United States >> 3/1/2012 - Aminex PLC, an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, an...
Longford to Sale its Interest in Chia Surkh Block
Longford to Sale its Interest in Chia Surkh Block Iraq >> 3/1/2012 - Longford Energy Inc. is pleased to provide an update on the proposed transaction to sell its 40 percent-undivided interest in the Chia Surkh Block in the Kurdistan region of Iraq to Genel Energy plc (...
Interoil Announces Farm-Out of LLA-47
Colombia >> 2/29/2012 - InterOil E&P ASA has entered into a binding Letter of Intent to farm-out 50% of block LLA-47 in Colombia to PetroMagdalena Energy Corp. InterOil E&P ASA will remain operator. ...
Abraaj in Talks to Buy Transatlantic Oilfield Service
Abraaj in Talks to Buy Transatlantic Oilfield Service United Arab Emirates >> 2/28/2012 - Abraaj Capital, the leading private equity firm in emerging markets, announced that a consortium consisting of funds advised by Abraaj Investment Management Limited (Abraaj, an affiliate of Abraaj Cap...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
United Kingdom >> 2/27/2012 - The Parkmead Group plc is pleased to report that it has completed the acquisition of four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea from Sorgeni...
QGEP Becomes Block BS-4’s Operator
Brazil >> 2/27/2012 - Queiroz Galvao Exploraçao e Produçao closes February as BS-4’s operator. This block comprises the heavy oil fields of Atlanta and Oliva and has a total volume of over two billion oil barrels in situ. ...
Kosmos Energy Increases Share in Deepwater Tano Block
Ghana >> 2/27/2012 - Kosmos Energy announced that it has exercised a right under the existing Joint Operating Agreement to acquire the participating interest of Sabre Oil & Gas Holdings Limited in the Deepwater Tano Block...
The Sell of Antero’ Marcellus Shale Gathering Assets
United States >> 2/27/2012 - Crestwood Midstream Partners LP, Crestwood Holdings Partners LLC and Antero Resources Appalachian Corporation announced the execution of definitive agreements whereby CMLP and Crestwood Holdings, thr...
Eagle Ford Potential Sale
United States >> 2/27/2012 - Following Texon Petroleum Limited’s (TXN) announcement that it has appointed Albrecht & Associates and RBS Morgans Limited, Global Petroleum Limited (Global) advises that it has also appointed Albrech...
Genel Rules out Buying DNO, Gulf Keystone
Iraq >> 2/23/2012 - London-listed Genel Energy is not planning any acquisitions in Iraq's Kurdistan region and as such is not interested in buying DNO or Gulf Keystone, two Kurdistan-focused oil firms, the company's chie...
CNOOC in Joint Venture Talks for Uganda Refinery
Uganda >> 2/23/2012 - Stated-owned China National Offshore Oil Corp (CNOOC) is negotiating with Uganda to participate in the African country's first refinery, the China Daily reported. CNOOC, together with the British oil ...
Court Approval for Sale of Eagles Nest Asset
Canada >> 2/23/2012 - Oilsands Quest Inc. has received approval from the Alberta Court of Queen’s Bench for the sale of the Company’s non-core Eagles Nest asset to FAMA Capital Ltd, an unrelated third party, for CDN$7.0 mi...
Exxon Signs Nigeria Oil Renewals
Nigeria >> 2/22/2012 - Exxon Mobil signed 20-year oil licence renewals on Nigerian assets producing around 550,000 barrels per day on Wednesday, the company's country manager said, ending months of negotiations. ...
CAMAC Signs HOA for Three Kenyan Exploration Blocks
Kenya >> 2/21/2012 - CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that it has entered into a heads of agreement with the Kenyan Mini...
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...
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...
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 ...
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...

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