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Acquisitions and Divestitures News

Surestream Wins Exploration Licences in Malawi
Malawi >> 9/22/2011 - Surestream Petroleum Limited is pleased to announce that it has been awarded new exploration licences in Malawi. It has secured Blocks 2 and 3 which have a combined area of 20,000 square kilometres an...
Total Acquires a 40% Stake in 5 Blocks in Lamu Basin
Kenya >> 9/21/2011 - Total announces its acquisition, through its Total E&P Kenya B.V. subsidiary, of a 40% interest in five offshore exploration blocks in the Lamu Basin, blocks L5, L7, L11a, L11b and L12. Subject to the...
KGR Puts PSC Contracts into Public Domain
Iraq >> 9/20/2011 - Erbil, Kurdistan Region, Iraq - As part of the Kurdistan Regional Government’s ongoing transparency initiative, the Ministry of Natural Resources is putting all signed production sharing contracts (PS...
Griffiths Energy Acquires DOH Block in Chad
Chad >> 9/19/2011 - Griffiths Energy International Inc, a privately held energy company, is pleased to announce that a wholly-owned subsidiary of Griffiths has entered into a production sharing contract ("PSC") with the ...
Oyster Oil Signs PSA with the Government of Djibouti
Oyster Oil Signs PSA with the Government of Djibouti Djibouti >> 9/19/2011 - Oyster Oil and Gas Limited is pleased to announce the formal signing of a Production Sharing Agreement (PSA) between the Government of the Republic of Djibouti (Djibouti) and Oyster Oil. ...
Repsol to Farm Into Frontier Exploration Licence ¾
Ireland >> 9/19/2011 - Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, is pleased to announce that Repsol Exploracion Irlanda, S.A. (Repsol) will farm in...
GeoPark Sells 10% Stake in its Chile Upstream Business
Chile >> 9/19/2011 - GeoPark Holdings Limited, the Latin American oil and gas explorer and producer, is pleased to announce an in-principle agreement with LG International Corporation (LGI), the Korean conglomerate, for L...
Gran Announces Joint Venture with Petrobras & Statoil
Brazil >> 9/15/2011 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced that it has entered into two farm-in agreements with Statoil do Brasil Ltda. (“Statoil”), whereb...
Canacol Divest 30% Interest in COR 11 & COR 39 Blocks
Colombia >> 9/15/2011 - Canacol Energy Ltd is pleased to announce that it has entered into a definitive agreement with Sintana Energy Inc. (“Sintana”), the South American operations subsidiary of Drift Lake Resources Inc to ...
Geopark Signs Agreements for 3 Blocks in Tierra Del Fuego
Chile >> 9/14/2011 - GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas producer and explorer, is pleased to announce that it has signed three participation agreements with Empresa Nacional del Petr?leo ...
Gulf Keystone to Sell 20% stake in Akri-Bijeel Block
Iraq >> 9/14/2011 - Gulf Keystone Petroleum Ltd. has made a strategic decision to rationalize its asset portfolio and is to seek a buyer for its 20% interest in the Akri-Bijeel block. This decision will facilitate an inc...
Aminex Reorganize its Tanzanian Exploration Portfolio
Tanzania >> 9/13/2011 - Aminex announces the following further reorganisation of its Tanzanian exploration portfolio: Aminex and Key Petroleum Ltd. (Key) currently participate 50-50 in the West Songo-Songo Production Sharing...
Tullow's Key Uganda Deal in Final Stages
Uganda >> 9/13/2011 - London-based explorer Tullow Oil's long-running deal to bring France's Total and China's CNOOC into a $10 billion oil project in Uganda is near its conclusion, the east African country's energy minist...
OGX Acquires Participation in Block in the Parnaiba Basin
Brazil >> 9/12/2011 - OGX announced the acquisition, through its subsidiary, OGX Maranhao Petroleo e Gas Ltda., of a 50% stake in the onshore exploratory block, PN-T-102, in the Parnaiba Basin in the state of Maranhao. The...
Acquisition of Interest in Oil Block OPL 2012 in Nigeria
Nigeria >> 9/12/2011 - The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into an Agreement with Sigmund Oilfields Limited and Grasso Consortium consisting of Grasso Nigeri...
ADX Buys Back a further 10% Interest in Lambouka
Tunisia >> 9/9/2011 - ADX Energy Ltd is pleased to announce a Sale and Purchase Agreement has been executed to buy back a further 10% interest in the Lambouka Prospect Area in the Kerkouane Permit from PharmAust Limited an...
Aminex Announces Reorganisation of Ruvuma PSC
Tanzania >> 9/8/2011 - Aminex PLC announces important changes in the Ruvuma Basin Production Sharing Agreement (PSA), onshore and offshore Tanzania. Aminex and its partners, Tullow Oil and Solo Oil, have executed an assignm...
BP Completes Sale of 5 African Marketing Businesses
Tanzania >> 9/8/2011 - BP has completed the sale to Puma Energy of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania. The sale of the final business in Tanzania completed on September 1. ...
Halliburton Enters into Agreement to Buy Multi-Chem
United States >> 9/6/2011 - Halliburton has entered into a definitive agreement to acquire Multi-Chem Group, LLC (Multi-Chem). Founded in 1993, Multi-Chem is a leading provider of oilfield production and completion chemicals and...
Shell Sells Stake in Gas Transport System to Infragas
Norway >> 9/1/2011 - A/S Norske Shell (Shell) has entered into a binding agreement to sell its interests in natural gas transport infrastructure joint venture Gassled to Infragas Norge AS for NOK 3,925 million (USD 730 mi...

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