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Acquisitions and Divestitures News

Foum Draa and Sidi Moussa Operational Update
Morocco >> 4/5/2011 - LONGREACH OIL AND GAS LIMITED, an oil & gas company focused on Morocco, is pleased to provide the following operational update. ...
Dominion Granted Licence Extension for Block 7
Tanzania >> 4/5/2011 - Dominion is pleased to announce that the company has just been granted a 1 year extension to the Initial Exploration Period for its deepwater Block 7 by the United Republic of Tanzania’s Ministry of E...
Maersk Oil Acquires Shares in 3 Production Licences
Norway >> 4/4/2011 - Maersk Oil has acquired shares in three production licences in Norway from Marathon Petroleum Norge A/S, a wholly-owned subsidiary of Marathon Oil Corporation, in exchange for Maersk Oil’s financial c...
Valiant Petroleum acquires stake in Orchid Prospect
United Kingdom >> 4/4/2011 - Valiant Petroleum plc ("Valiant") is pleased to announce that its wholly owned subsidiary, Valiant Exploration Limited, has reached an agreement to acquire a 30% stake in Block 29/1c containing the Or...
Closing of Acquisition Agreement with North Atlantic
Norway >> 4/3/2011 - Reference is made to the reorganisation of Seadrill's harsh environment drilling services and the establishment of North Atlantic Drilling Ltd announced on February 15, 2011. ...
Lukoil Increases to 60 % its Stake in Joint Venture
Italy >> 4/1/2011 - LUKOIL has completed the acquisition of 11% in the joint venture to operate the ISAB refining complex located in Priolo (Sicily).

Thus, LUKOIL’s stake in the joint venture has gone up from...
Bowleven Extended the Option Agreement with Vitol E&P
Cameroon >> 4/1/2011 - Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that it has agreed an extension to the option agreement with Vitol E&P Limited (Vitol) in respect ...
Starcrest and Eland Oil & Gas Acquire 45% in OML 40
Nigeria >> 3/31/2011 - Starcrest Nigeria Energy Limited (“Starcrest”) and Eland Oil & Gas Limited (“Eland”) are delighted to announce that Elcrest Exploration and Production Nigeria Limited (“Elcrest”), a joint venture comp...
Pacific Announces Alliance With Maurel in Colombia
Colombia >> 3/31/2011 - Pacific Rubiales Energy Corp. announced the acquisition of 50% of the interests held by Maurel et Prom in the Sabanero, Muisca, SSJN-9, CPO-17 and COR- 15 blocks, which are all located on-shore in Col...
Uganda SPAs Signed Between Tullow, CNOOC and Total
Uganda >> 3/30/2011 - Tullow Oil plc (Tullow) is delighted to announce that on 29 March 2011 it signed Sale and Purchase Agreements (SPAs) with CNOOC and Total in respect of the sale of a one third interest to each party o...
Tullow Seeks EO's Stake in Ghana Jubilee Field
Ghana >> 3/29/2011 - Tullow Oil Plc is hoping to raise its stake in Ghana's Jubilee field by purchasing a 1.75 percent share held by Ghanaian firm EO, a company official told Reuters. ...
Murphy Adding Block in Iraq's Kurdistan
Iraq >> 3/29/2011 - Murphy Oil Corp, a U.S. oil and gas company in the process of shedding its refining assets, said it is adding to its position in Iraq's Kurdistan, where it recently began operations. ...
Transglobe Corporation Acquires West Bakr Concession
Egypt >> 3/28/2011 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces the signing of a Sale and Purchase Agreement ("SPA") to acquire a 100% working interest in the West Bakr Concession agreement in...
Beach Commences Legal Proceedings Against Icon
Australia >> 3/25/2011 - Beach Energy Limited has commenced legal proceedings against Icon Energy Ltd to protect its position in relation to Beach's entitlement to earn up to a 40% interest in ATP 855. ...
FAR Finalized Detailed Agreements in AGC Profond PSC
Senegal >> 3/25/2011 - FAR is pleased to announce that Detailed Agreements have been finalised with Ophir AGC (Profond) Limited (“Ophir”) confirming the terms of an earlier Heads of Agreement to participate in the drilling ...
Afren Acquires Interest in Tanga Block from Petrodel
Tanzania >> 3/24/2011 - Afren plc announces the acquisition of a 74 per cent operated working interest in the Tanga Block, located onshore and offshore Tanzania, from Petrodel Resources Limited. ...
NOVATEK Purchases Option in Yamal LNG
Russia >> 3/24/2011 - OAO NOVATEK (NOVATEK and/or the Company) announced that it has executed a call option agreement for the right to purchase the remaining 25.1% stake in Yamal LNG for USD 526 million which is valid unti...
Morumbi Oil & Gas Inc. Closes Acquisition
Papua-New Guinea >> 3/24/2011 - Morumbi Oil & Gas Inc. is pleased to announce that it has acquired all of the issued and outstanding share capital of Rockwell Exploration S.A., a private company incorporated and existing in the Baha...
Avana Awarded New Licensing Opportunity in Kenya
Kenya >> 3/24/2011 - Avana Petroleum is pleased to announce the award of Offshore Block L9 in the Lamu Basin, Kenya. Avana will hold a 10% interest in the L9 Joint Venture with 60% being held by Dominion Petroleum Limited...
Conoco Expanding Asset Sales
United States >> 3/23/2011 - ConocoPhillips said it will expand its planned sales of older, higher-cost assets by as much as $10 billion over the next two years, with proceeds earmarked to buy back stock. ...

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