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Acquisitions and Divestitures News

Nexen Confirms Exit from Block 14 (Masila)
Yemen >> 11/23/2011 - Nexen reports that it has been informed by the Government of Yemen that its application to extend the Production Sharing Agreement (PSA) on Block 14 (Masila) has not been accepted. As a result, the PS...
Orca Exploration Affirms Conformity to PSA Terms
Tanzania >> 11/21/2011 - Orca Exploration Group Inc. (Orca) announces that on November 18 the Parliament of Tanzania received a report from a special Parliamentary Committee that we understand accused Orca's subsidiary PanAfr...
Eni awarded 2 New Exploration Contracts in Indonesia
Indonesia >> 11/21/2011 - Eni, through its subsidiary Eni Indonesia, has been awarded two new Production Sharing Contracts (PSCs) in Indonesia. ...
Acquisition of Babar Selaru Block, Offshore Indonesia
Indonesia >> 11/21/2011 - INPEX CORPORATION (INPEX) is pleased to announce that through its subsidiary INPEX Banda Sea, Ltd. (INPEX Banda), INPEX and Japan Oil, Gas and Metals National Corporation (JOGMEC) have been granted th...
BP Awarded Two Exploration Blocks in Indonesia
Indonesia >> 11/21/2011 - BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100 per cent interests in the offshore West...
Exxon's Interest in South Iraq is Larger than Kurd
Iraq >> 11/19/2011 - Iraq believes Exxon Mobil has less interest in pursuing a disputed oil deal in the country's semi-autonomous Kurdistan region because it has much larger contract in southern Iraq, its oil minister sai...
Nexen Loses Oil Contract to Yemeni Firm-Agency
Yemen >> 11/19/2011 - A top Yemen state body set up an oil company to take over the Arab country's key Masila oilfield, Yemeni official media said, replacing Nexen at the field that produced more than a 10th of the Canadia...
Canadian Overseas Signs Agreement with ExxonMobil for LB-13 Block
Liberia >> 11/16/2011 - Canadian Overseas Petroleum Limited is pleased to announce that Canadian Overseas Petroleum (Bermuda) Limited (“COPL B”), a wholly owned subsidiary of the Company, has signed an Asset Acquisition Agre...
Taqa Agrees UK Assets Purchase
United Arab Emirates >> 11/15/2011 - TAQA Bratani Limited, the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (Premier) certain assets that Premier will acquire following completion o...
Uganda President Snubs Call for Tullow Deal Delay
Uganda >> 11/15/2011 - Uganda President Yoweri Museveni has indicated to parliament he is not likely to delay approval of Tullow Oil's long proposed partnership with Total and CNOOC further, because it would diminish his go...
OIL India May Partner Gabon Govt to Buy Maurel's Assets
Gabon >> 11/14/2011 - State-run explorer Oil India plans to buy Gabon assets of France's Maurel et Prom and may partner the African country for the purchase, the Indian company's chairman said on Monday. ...
Gulf Keystone Sees Interest in Asset Sale
Iraq >> 11/13/2011 - Kurdistan-focused oil explorer Gulf Keystone said it has interest for its 20 percent stake in the Akri-Bijeel block in the semi-autonomous region, but any sale was still in the preliminary stages, an ...
Shell Completes Sale of Two Nigeria Oil Blocks
Nigeria >> 11/13/2011 - Nigeria's state-oil company NNPC said on Sunday that two local firms had completed the purchase of 45 percent stakes in two onshore oil blocks, previously owned by Shell, Total and Eni. ...
Brightoil Acquires Dina 1 Gas Field
China >> 11/11/2011 - Brightoil Petroleum (Holdings) has entered into an agreement with Dr. Sit Kwong Lam, Chairman, CEO and controlling shareholder of the Group, to acquire Win Business Petroleum Group, which is wholly ow...
ANH Approved the 85% Farm Out Agreement
Colombia >> 11/4/2011 - PetroLatina, the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that it has now received approval from the Agencia Nacional de...
Afren's Nigeria Deal to Complete by End 2011
Nigeria >> 11/4/2011 - Afren's acquisition of a stake in a Nigerian oil field known as OML 26, announced last year, is on track to complete by the end of 2011, the Africa-focused oil firm's chief executive said. ...
VOG Completes Acquisition of Interest in Logbaba Project
Cameroon >> 11/4/2011 - Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU is pleased to announce that it has completed the acquisition of one third of ...
Serica Wins 85% in Blocks 2512A, 2513A, 2513B and 2612A
Namibia >> 11/3/2011 - Serica Energy plc is pleased to confirm the announcement made yesterday by the Namibian Ministry of Mines and Energy at the 18th Africa Upstream Conference being held in Cape Town that Serica has been...
Sterling Signs Farmout Agreement for Ntem Block
Cameroon >> 11/3/2011 - Sterling, the independent oil and gas exploration and production company with interests in the Middle East and Africa, is pleased to announce the following update for the Sterling operated Ntem block ...
Serica Confirms Imminent Award of Namibia Licence
Namibia >> 11/2/2011 - In light of recent market speculation Serica confirms that it is in advanced discussions about the award of significant licence areas in Namibia. Agreements are in the process of being finalised and a...

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