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Acquisitions and Divestitures News

Tunisian Hydrocarbons Approved the Farm-In of Dragon Oil
Tunisia >> 4/3/2012 - Cooper Energy Limited is pleased to advise that the Conditions Precedent enabling Dragon Oil Ltd to become a full participating member of the Bargou joint venture in Tunisia are now all satisfied foll...
NDB Energy Commences in Niobrara Play
United States >> 4/3/2012 - NDB Energy, Inc., an emerging independent oil and gas company, announced it has completed the acquisition of Armada Oil, Inc. through a share exchange agreement. ...
ANP Approved the Transfer over the Blocks held by HRT
Brazil >> 4/3/2012 - HRT Participaçoes em Petroleo S.A announces that the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis - ANP) (“ANP”) inform...
Total Weighs Stake in Trans-Anatolia Pipeline
Total Weighs Stake in Trans-Anatolia Pipeline Azerbaijan >> 4/3/2012 - Total SA (FP), Europe’s third-largest energy company, may join a pipeline to carry Caspian natural gas across Turkey as the European Union seeks to cut dependence on Russian fuel. ...
Bowleven Completes the Sale of Interest in EOV Permit
Gabon >> 3/30/2012 - Bowleven, the African focused oil and gas company, traded on AIM, announces the completion of the sale of its entire equity interest in the EOV Permit, offshore Gabon, to Perenco SA for a cash conside...
East West Petroleum Signs NELP-IX PSC
East West Petroleum Signs NELP-IX PSC India >> 3/29/2012 - East West Petroleum Corp. is pleased to announce the Company has signed a Production Sharing Contract (PSC) for Block AA-ONN-2010/2 with the Directorate General of Hydrocarbons of India in a signing c...
EnerGulf Receives 2-Year Renewal Period on Block 1711
Namibia >> 3/29/2012 - EnerGulf Resources Inc is pleased to announce the Company has received from the Minister of Mines and Energy of the Republic of Namibia for Block 1711, the second two year renewal period, from March 3...
Kulczyk to Let OML 42 Option Expire
Nigeria >> 3/28/2012 - Kulczyk Oil Ventures Inc announces that KOV and its major shareholder Kulczyk Investments S.A. ("KI") have mutually agreed that it was not in the best interest of either company to continue the option...
BP Sells UK Offshore Gas Fields to Perenco
United Kingdom >> 3/27/2012 - BP announced that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its busi...
Roc Oil to Withdraw from Block PEP52181
New Zealand >> 3/23/2012 - Roc Oil (Taranaki) Pty Limited, a wholly owned subsidiary of ROC, has notified joint venture partners of its withdrawal from offshore exploration block PEP52181, located in the Taranaki Basin, New Zea...
LUKOIL Could Lose Trebs & Titov Rights
Russia >> 3/23/2012 - Russia's LUKOIL could lose access to the Trebs & Titov field, which it had planned to develop with mid-sized player Bashneft, Interfax quoted the natural resources ministry as saying on Friday. ...
Award of 16 Indian Blocks Under (NELP-IX) Policy
Award of 16 Indian Blocks Under (NELP-IX) Policy India >> 3/23/2012 - Award of Exploration Blocks under ninth bid round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks under the eighth bid round of NELP (NELP-VIII) ...
Iraq Still Considering Exxon Bidding Ban
Iraq Still Considering Exxon Bidding Ban Iraq >> 3/22/2012 - Iraq is still considering whether to lift a ban on Exxon Mobil bidding on new oil contracts imposed because of its dealings with the Kurdish autonomous region, Oil Minister Abdul Kareem Luaibi said. ...
Melrose to Farm Out 40% of Muridava Concession
Romania >> 3/22/2012 - Melrose Resources plc, the oil and gas exploration, development and production company, provides an update on its Muridava (Ex-27) exploration concession offshore Romania. In line with its previously ...
Brenham Receives LOI for a 15% Interest in Four Blocks
Equatorial Guinea >> 3/22/2012 - Brenham Oil & Gas Corp (Brenham), a subsidiary of American International Industries, Inc (American), announced that it received and accepted a letter of award from the Government of Equatorial Guinea ...
African Petroleum Corporation Awarded Block CI-509
Ivory Coast (Cote D'Ivoire) >> 3/21/2012 - African Petroleum Corporation Limited, a West African focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, African Petroleum Cote d’Ivoire Limited, has ent...
Range Enters Agreement Regarding Nugaal Offshore Block
Somalia >> 3/20/2012 - Range Resources Limited is pleased to announce that it has entered into an Agreement with the Puntland Government with respect to obtaining a 100% working interest in the highly prospective Nugaal Bas...
OGX Increases Participation in Blocks BM-C-37 & BM-C-38
Brazil >> 3/20/2012 - OGX has acquired an additional 20% stake in blocks BM-C-37 and BM-C-38, in the shallow waters of the Campos Basin, from its partner Maersk Oil, becoming operator of these blocks. OGX now holds a 70% i...
Roxi Petroleum Announces BNG Farmout to KNOC
Roxi Petroleum Announces BNG Farmout to KNOC Kazakhstan >> 3/20/2012 - Roxi Petroleum has announced that Bakmura, a subsidiary of the Korean National Oil Corporation (KNOC), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million...
Change of Equity Ownership in Licence 20, Block 2714A
Namibia >> 3/16/2012 - Chariot Oil & Gas Limited, the Africa focused independent oil and gas exploration company, notes that its partners in Southern Block 2714A, Petrobras Oil & Gas B.V. (“Petrobras”) and BP Exploration (N...

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