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Acquisitions and Divestitures News

Lukoil Acquires a 50% Stake in HT-02 Offshore Block
Vietnam >> 4/29/2011 - LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) has acquired from Quad Energy S.A., a private petroleum company, a 50% interest in the Production Sharing Agreement for the Hanoi Trough-02 (HT-02) of...
Petroceltic Agreed Sale of 18.375% of Isarene Block
Algeria >> 4/28/2011 - Petroceltic International plc, the independent oil & gas exploration company focused on the Middle East, North Africa and Mediterranean region, is pleased to announce the sale, subject to the satisfac...
Kuwait Energy Completes Abu Sennan Partial Divestment
Egypt >> 4/23/2011 - Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced that it has reduced its equity stake in the Abu Senna...
STETSON Signs the E&P Contract for LLA-11 Block
Colombia >> 4/20/2011 - STETSON OIL & GAS LTD is pleased to announce that it has signed a Hydrocarbon Exploration and Production Contract (the "E&P Contract) with the Agencia Nacional de Hydrocarburos of Colombia (ANH) for L...
Alange Energy Closes Acquisition in Cubiro Block
United States >> 4/18/2011 - Alange Energy Corp. is pleased to announce the closing of its previously announced acquisition of additional interest in the Cubiro block pursuant to a share purchase agreement entered into with Colum...
Apache’s New Partner in Kitimat LNG Development
Canada >> 4/18/2011 - Kitimat LNG facility partners Apache Corporation and EOG Resources, Inc., through their Canadian subsidiaries, announced that Encana Corporation (Encana) has agreed to acquire a 30 percent working int...
Lundin Petroleum Awarded Barents Sea Acreage
Norway >> 4/15/2011 - Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a new exploration license interest in the 21st Norweg...
Norway Awards 24 Oil/Gas Licenses in Barents Push
Norway >> 4/15/2011 - Norway awarded 24 oil and gas production licenses in its 21st offshore round, with an unprecedented focus on exploration in northern areas including the Barents Sea region near a big new oil discovery...
Lukoil & Bashneft Set up JV for Trebs & Titov Fields
Russia >> 4/15/2011 - OAO LUKOIL and OAO ANK Bashneft (principal shareholder - Sistema JSFC), signed an agreement in Moscow to establish a joint venture and stipulate conditions for the development of two fields named afte...
Aminex Granted Nyuni East Songo-Songo PSA Extension
Tanzania >> 4/14/2011 - Aminex PLC is pleased to announce that it has received a formal extension of 6 months to the Nyuni East Songo-Songo Productions Sharing Agreement (Nyuni PSA) from the Tanzanian Ministry of Energy and ...
Tethys Acquires Another License Interest in France
France >> 4/13/2011 - Tethys has entered into an agreement with Mouvoil SA whereby Tethys will acquire a 37.5% interest in an exploration and production license covering 215 square kilometres in the department of Gard in s...
Cadogan Farms Out Pokrovskoe & Zagoryanska Licences
Ukraine >> 4/13/2011 - Cadogan is pleased to announce that it has reached agreement with Eni S.p.A, the major Italian integrated energy company, for the acquisition of an interest in the Company's Pokrovskoe and Zagoryanska...
Kiliwani North Development Licence Awarded
Tanzania >> 4/12/2011 - Aminex PLC announces that The Minister for Energy & Minerals of Tanzania, the Hon. William Ngeleja, has signed a Development Licence with the Company's Tanzanian subsidiary, Ndovu Resources Ltd., for ...
KMG EP Acquire Four Hydrocarbon Exploration Contracts
Kazakhstan >> 4/11/2011 - JSC KazMunaiGas Exploration Production (the Company, KMG EP) announces agreements reached with the JSC National Company KazMunayGas (NC KMG) to acquire four hydrocarbon exploration contracts.

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Ireland is the Most Affected by Libya Unrest
Ireland is the Most Affected by Libya Unrest Libya >> 4/9/2011 - In total, Libya exports an overwhelming 85 percent of its crude oil to Europe. Relying on Libya for almost a quarter of its crude oil imports, Ireland tops the list of dependents with 14,000 barrels a...
Ecopetrol Signs 8 E&P Colombian Contracts
Colombia >> 4/8/2011 - Ecopetrol S.A. today announced that it has signed eight exploration and production (E&P) contracts with the National Hydrocarbons Agency (ANH), corresponding to blocks awarded to the Company in the C...
Atlas Copco Acquires Company in Medical Gases Sector
United Kingdom >> 4/8/2011 - Atlas Copco Ltd has signed an agreement to acquire the Medical Gas Solutions business from Penlon Ltd, headquartered in the United Kingdom. Penlon Medical Gas Solutions is a leading provider of medica...
Ophir Acquires Stake in East Pande Block from RAKGas
Tanzania >> 4/7/2011 - Ophir Energy plc (Ophir) is pleased to announce that a subsidiary has entered into agreement with Ras Al Khaimah Gas Tanzania Ltd (RAKGas) to acquire a 70% interest and Operatorship of a Production Sh...
Rosneft Obtains License to Explore the Naulskoye Field
Russia >> 4/6/2011 - Rosneft acquired a license to explore the Naulsk oil field, located in the Nenets Autonomous District. The Company paid RUB 3.6 billion for the license at auction. ...
TNK-BP Signs Agreement for Operatorship Of Block 06.1
Vietnam >> 4/6/2011 - TNK-BP signed the transfer agreements on Block 06.1 which confirm partner approval of the acquisition and that TNK-BP will take over the role of operator of the offshore gas Block 06.1 in Vietnam. The...

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