Gulf Oil and Gas accountACCOUNT

Acquisitions and Divestitures News

Rare Earth to Acquire Lion Petroleum Corporation
Kenya >> 12/6/2011 - Rare Earth Industries Ltd. (Rare Earth) is pleased to announce that it has entered into a letter of intent dated December 5, 2011 (the "LOI"), to acquire all of the issued and outstanding share capita...
Dominion Petroleum Provides Update on Block 7 Farmout
Tanzania >> 12/6/2011 - On 5 October 2011, Dominion announced the farm-out of a 20% working interest in Block 7, deepwater Tanzania to a Mubadala Oil & Gas company (Mubadala). Dominion can now confirm that, following uncondi...
Adira Farms out Yitzhak Licence to AGR Group
Israel >> 12/5/2011 - Adira Energy Ltd. is pleased to announce that it has entered into a series of agreements to farm-out part of its interest in the Yitzhak license to strengthen its operating and business profile in the...
Providence Awarded Standard Exploration Licence 2/11
Ireland >> 12/2/2011 - Providence Resources P.l.c., (Providence) the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, is pleased to announce that it has been awarded Standard Exploration ...
Neconde Completes Nigeria OML 42 Purchase
Nigeria >> 12/1/2011 - Kulczyk Oil Ventures Inc announces that Neconde Energy Limited (“Neconde”) has completed the acquisition of Oil Mining License 42 (“OML 42”) announced by KOV in a news release dated 6 May 2011. The pu...
Afren Owned Firm Buys Nigeria Oil Block OML 26
Nigeria >> 12/1/2011 - First Hydrocarbon Nigeria Limited ("FHN") has announced that it has completed the acquisition of a 45% interest in OML 26 from the Shell Petroleum Development Company of Nigeria Ltd ("SPDC"), Total E&...
Lukoil Talks to Replace Exxon Mobil at West Qurna-1
Iraq >> 11/30/2011 - Dow Jones reported that Neftyanaya kompaniya LUKOIL OAO is in talks to acquire from Exxon Mobil Corporation a stake in development of West Qurna-1 oil field in Iraq, Russian RBC Daily reported. Accord...
NIOC & Persia Company Signed Yaran Development Contract
Iran >> 11/29/2011 - Development contract of Yaran joint oil field (with Iraq) was signed between National Iranian Oil Company (NIOC) and Persia Oil and Gas Industry Development Company. ...
African Petroleum Awarded Two Exploration Permits Offshore Senegal
Senegal >> 11/28/2011 - African Petroleum Corporation Limited is pleased to announce that its wholly owned subsidiary, African Petroleum Senegal Limited (“African Petroleum Senegal”), has entered into an agreement with the S...
RWE to Sell Egyptian Assets to Shore Up Finances
Egypt >> 11/25/2011 - German utility RWE has earmarked oil and gas assets in Egypt for sale in a bid to shore up its finances as Germany moves to exit nuclear energy, the Financial Times reported. ...
Heritage Oil Provides Update on Ugandan Tax Dispute
Uganda >> 11/24/2011 - Heritage Oil Plc, an independent upstream exploration and production company, has considered the ruling dated 23 November 2011 of the Tax Appeals Tribunal in Uganda dismissing the application of its w...
Heritage Oil Loses Tax Dispute in Uganda
Uganda >> 11/24/2011 - Explorer Heritage Oil has lost a $404 million tax row in Uganda after the east African country's tax authority ruled it was liable to pay a disputed capital gains bill, according to a local media repo...
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...
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...
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...
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...
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...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.