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Acquisitions and Divestitures News

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) ...
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 ...
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. ...
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...
Iraq Says Exxon Mobil Freezes Kurdistan Deal
Iraq Says Exxon Mobil Freezes Kurdistan Deal Iraq >> 3/16/2012 - Iraq's government has received a letter from Exxon Mobil Corp saying the U.S. oil major had frozen its deal with the country's semi-autonomous Kurdistan region, Iraq's oil minister Abdul Kareem Luaibi...
Maurel & Prom Wins 2 Exploration License in Namibia
Namibia >> 3/15/2012 - Maurel & Prom is pleased to announce that the Government of Namibia has awarded to Maurel & Prom and co-venturers, two exploration licenses in the Walvis basin, offshore Namibia (up to 2,500m water de...
Qatar Buys 2% stake in Total
Qatar Buys 2% stake in Total Qatar >> 3/15/2012 - Qatar has become the third largest shareholder of Total gaining since last summer 2% stake in oil group, Les Echos newspaper reported in its issue. Sans citer ses sources, le quotidien économique préc...
BP to Farm-In to Serica’s Luderitz Basin Blocks
Namibia >> 3/15/2012 - Serica Energy plc announces that, subject to the consent of the Ministry of Mines and Energy in Namibia, BP will be joining Serica in the exploration of Licence 0047 offshore Namibia by farming-in to ...
RWE Dea Farm-Into a License on the Norwegian Shelf
Norway >> 3/12/2012 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered into an agreement with Wintershall Norge ASA to acquire 10 percent equity in production license (PL) 418...
BG to Sell Gas Field After Israel Blocks Project
BG to Sell Gas Field After Israel Blocks Project Israel >> 3/9/2012 - BG Group Plc, the U.K.’s third- largest oil and gas producer, will sell a gas field off the Gaza Strip after its development was blocked by Israel, according to two people with knowledge of the matter...

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