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Acquisitions and Divestitures News

CNOOC Signed a PSC with ROC
CNOOC Signed a PSC with ROC China >> 5/11/2012 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (ROC) for Block 09/05 in Bo...
DualEx Announces Amendment to Farmout Agreement
Tunisia >> 5/10/2012 - DualEx Energy International Inc announces that it has entered into an amending agreement with respect to the farmout of its Bouhajla Exploration Permit, onshore Tunisia to Watutatu Inc. (the “Farmee”)...
Gulf Keystone’s Speculation Re Alleged Planned Placing
Iraq >> 5/10/2012 - Gulf Keystone notes the continued and unfounded speculation on various bulletin boards and other social media sites regarding an alleged planned placing of the Company's shares at 160p per share. Gulf...
Ratification of PSA in Tajikistan & Completion of Seismic
Tajikistan >> 5/9/2012 - Manas Petroleum Corp. announced that on May 7, 2012 the Production Sharing Agreement (PSA) between the Government of the Republic of Tajikistan and Joint Closed Stock Company Somon Oil (Somon), a 90% ...
Conocophillips Selling Nigerian Assets
Nigeria >> 5/8/2012 - Conocophillips is selling all of its Nigerian assets including on-shore and off-shore oil and gas fields and a stake in its LNG Brass facility, sources familiar with the situation told Reuters. ...
Receiving Approval for Kilosa-Kilombero & Pangani PSAs
Receiving Approval for Kilosa-Kilombero & Pangani PSAs Tanzania >> 5/7/2012 - Otto Energy Ltd is pleased to announce that it has received approval from the Tanzanian Government for the assignment of a 50% working interest in the Kilosa-Kilombero and Pangani Production Sharing A...
Kosmos Terminates Sabre Acquisition Agreement
Kosmos Terminates Sabre Acquisition Agreement Ghana >> 5/3/2012 - Kosmos Energy announced that it has reached a mutual agreement with Sabre Oil & Gas Holdings Ltd. (Sabre) to terminate the acquisition by Kosmos of Sabre’s participating interest in the Deepwater Tano...
Development Contract of Mansouri Oil Field Signed
Iran >> 5/1/2012 - Development contract of the second phase of Mansouri oil field was signed between Petroleum Engineering and Development Company (PEDEC) and Tadbir Energy Company in the presence of Iranian Petroleum M...
Longford Closes its Interest Sale in Chia Surkh Block
Longford Closes its Interest Sale in Chia Surkh Block Iraq >> 4/30/2012 - Longford Energy Inc. is pleased to announce the closing of the previously announced transaction to sell its 40 per cent undivided interest in the Chia Surkh Block in the Kurdistan region of Iraq to Ge...
Mountainview Acquired 13,000 Acres in Williston Basin
United States >> 4/30/2012 - Mountainview Energy Ltd. is pleased to announce that it has entered into a binding purchase and sale agreement to acquire 12,778 net acres of oil and gas leaseholds in Divide County, North Dakota (the...
Legacy Announces Acquisitions of Rockies Properties
United States >> 4/30/2012 - Legacy Reserves LP "Legacy" announced it has entered into an agreement to purchase oil properties in North Dakota and Montana for $70.8 million in cash. These properties have current net production of...
Eagle Acquisition Of Producing Light Oil Assets
United States >> 4/30/2012 - Eagle Energy Trust “Trust” is pleased to announce that its operating subsidiary, Eagle Energy Acquisitions LP “Eagle”, has entered into a binding agreement to acquire a 92.5% interest in producing pet...
Russia's LUKOIL Head Says No Partners Needed in Iraq
Russia's LUKOIL Head Says No Partners Needed in Iraq Iraq >> 4/27/2012 - Russia's second-largest crude producer LUKOIL will be able to develop Iraq's West Qurna-2 oilfield without partners, the company's president Vagit Alekperov said. But Alekperov, speaking in the Spanis...
Statoil Enters its First Acreage in Ghana
Ghana >> 4/25/2012 - Statoil has entered its first acreage in Ghana, farming into a deepwater licence operated by Hess. The Deepwater Tano/Cape Three Points (DWT/CTP) licence was awarded to Hess Corporation (Hess) in 2006...
Statoil Says Finds Partner for Mozambican Blocks
Mozambique >> 4/25/2012 - Norwegian oil and gas producer Statoil has found a partner to take a 25 percent stake in its two Mozambican blocks where drilling will start next year, an official said. It did not name the partner. ...
Eco Enters Joint Operating Agreements with NAMCOR
Namibia >> 4/24/2012 - Eco (Atlantic) Oil & Gas Ltd is pleased to announce that, through its wholly- owned subsidiary, it has entered into five separate Joint Operating Agreements (“JOA’s” or the “Agreements”) with NAMCOR, ...
Bayfield Executes Exploration Right over Pletmos Inshore Block
South Africa >> 4/23/2012 - Bayfield Energy Holdings plc, an independent oil and gas exploration and production group with production and exploration interests in Trinidad & Tobago, has announced the formal execution of an explo...
Qatar’s Stake in Total Rises to 3 Percent
Qatar’s Stake in Total Rises to 3 Percent Qatar >> 4/21/2012 - Qatar’s stake in Total SA (FP) has risen to 3 percent, according to the chairman and chief executive officer of Europe’s third-largest oil company. ...
Partners in Israel Leviathan Field to Sell Stakes
Israel >> 4/20/2012 - Partners in the huge Leviathan natural gas field offshore Israel aim to sell stakes in the field to bring in other stakeholders and raise cash to help develop the project, sources close to the matter ...
Vanoil Extends Technical Evaluation Agreement in Rwanda
Rwanda >> 4/19/2012 - Vanoil Energy Ltd is pleased to announce it has executed a six month extension to the Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources for Vanoil's 1,631 square kilometre ...

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