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Acquisitions and Divestitures News

PetroTel Awarded Block 40 in Musandam, Oman
Oman >> 8/6/2011 - PetroTel has been awarded a licence to explore for hydrocarbons in Block 40 offshore Musandam Governorate in the north of the Sultanate. An Exploration and Production Sharing Agreement (EPSA) to this ...
Canoel Divests Its Interest in Tunisian Assets
Tunisia >> 8/5/2011 - Canoel International Energy Ltd. ("Canoel" ") is pleased to announce the divestment of its interest in the Tunisian blocks of Jorf, Bazma and Sud Tozeur (the "Tunisian Blocks"), which it acquired in l...
Simba Energy Granted Block 2A in Kenya
Kenya >> 8/3/2011 - Simba Energy Inc., is pleased to announce the Company has been granted a Production Sharing Contract (PSC) by the Ministry of Energy, Republic of Kenya for Block 2A, comprising 7,801.72 square kilomet...
Total Sells its 48.83% Interest in Spainís CEPSA
United Arab Emirates >> 8/2/2011 - In line with the agreement signed by Total and IPIC on February 15, 2011, Total has tendered its entire 48.83% interest in CEPSA following IPICís takeover bid for the company, at a price of Ä28 per sh...
Dominion Petroleum Awarded Deepwater Block L15
Kenya >> 8/1/2011 - Dominion Petroleum is pleased to announce the award of Block L15 of the Lamu Basin, offshore Kenya. This new award follows Dominion having secured Block L9, offshore Kenya, in March 2011. The Company ...
Spain's Repsol Signs Kurdistan Exploration Agreements
Iraq >> 7/29/2011 - Spanish oil and gas group Repsol said it has signed agreements with the Government of the Kurdistan region of Iraq for the exploration of two blocks in the Kurdistan region. The blocks have been under...
GDF SUEZ Acquires Additional Shares in Njord & Noatun
Norway >> 7/28/2011 - On 26 July, GDF SUEZ E&P Norge signed an agreement with ExxonMobil Exploration & Production Norway AS to purchase its 20% share in Production Licenses 132, 107, 107B and 107C comprising the Njord fiel...
Noreco Completed the Sale of Brage and Hyme Fields
Norway >> 7/28/2011 - Norwegian Energy Company (Noreco) is pleased to announce that the sale of the company's interests in the Norwegian oil fields Brage and Hyme to Core Energy has been completed. The consideration to Nor...
Simba Energy Acquires Interest of PSC for Blocks 1&2
Guinea >> 7/27/2011 - Simba Energy Inc., announces it has signed an Agreement to acquire a 60% interest in the PSC (Production Sharing Contract) for Blocks 1 & 2 comprising 12,000 square kilometres onshore in the Republic ...
Acquisition & Strategic Entry into Kurdistan Region
Iraq >> 7/27/2011 - Afren plc has announced the proposed acquisition of a 60 per cent participating interest in the Barda Rash PSC and 20 per cent participating interest in the Ain Sifni PSC, located in the Kurdistan reg...
Acquisition of Ghanaian Interests of EO Group Completed
Ghana >> 7/25/2011 - Further to the announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc (Tullow) is pleased to announc...
BP Awards Two Trinidad & Tobago Deepwater Blocks
Trinidad and Tobago >> 7/25/2011 - BP announced that it has been awarded two deepwater exploration and production blocks by the Government of the Republic of Trinidad and Tobago. BP was awarded a 100 per cent interest in blocks 23(a) a...
Vanco Acquires 21% Interest in ORANTO's Block SL-5-11
Sierra Leone >> 7/21/2011 - Vanco has agreed to acquire from Oranto Petroleum Ltd. a 21% stake in the Petroleum Agreement for SL-5-11 Offshore Block in the Republic of Sierra Leone (West Africa), subject to customary conditions ...
Oil India to Buy Maurel & Prom's Gabon Fields
Gabon >> 7/21/2011 - Oil India Ltd., the nationís second- biggest state-run oil producer, is in talks to buy a stake in Etablissements Maurel & Prom SAís assets in Gabon, three people with direct knowledge of the matter s...
MENA to Acquire 55% Interest Offshore Egypt from Hess
Egypt >> 7/21/2011 - MENA Hydrocarbons Inc. ("MENA" or the "Company") is pleased to announce that it has received co-venturer approval for the acquisition of a 55 percent participating interest in the West Mediterranean, ...
Lukoil Signs Agreement to Join Project in Sierra Leone
Sierra Leone >> 7/20/2011 - LUKOIL Overseas (a wholly-owned subsidiary of OAO LUKOIL) has acquired from the private company ORANTO Petroleum Ltd. a 49% stake in the Petroleum Agreement for SL-5-11 Offshore Block in the Republic ...
VOG Increases Its Working Interest at Logbaba Field
Cameroon >> 7/19/2011 - Victoria Oil & Gas Plc, (VOG) the AIM quoted oil and gas company announces that it has increased its effective working interest in the Logbaba gas and gas condensate field in Douala, Cameroon (Logbaba...
Farm-Out Agreement in Respect of VMM-28 Block
Colombia >> 7/15/2011 - PetroLatina, the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that it has entered into a farm-out agreement with Shell E&P C...
Sale of Interest and Withdrawal from Mozambique Blocks
Madagascar >> 7/8/2011 - ROC has agreed to sell its 75% interest in the Juan de Nova Maritime Profond Block, located in the French Exclusive Economic zone off the coast of Juan de Nova Island (Mozambique Channel), to South At...
Libya Eyes New Investors for ENI Projects
Libya >> 7/7/2011 - Libya's government has begun negotiations with Russian and Chinese energy firms on taking over ENI's projects in Libya after the Italian firm withdrew its staff, a senior Libyan government official sa...

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