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Acquisitions and Divestitures News

Ivanhoe to Sell Zitong Block to Shell Subsidiary
China >> 1/11/2012 - Ivanhoe Energy Inc. announced that its wholly owned subsidiary, Sunwing Zitong Energy (SZE), has signed a binding Memorandum of Understanding to sell 100% of its participating interest in the Producti...
Sierra Leone Announces Bid Round on 29 December 2011
Sierra Leone Announces Bid Round on 29 December 2011 Sierra Leone >> 1/11/2012 - Pursuant to Section 30(1) and 32(2) of the Petroleum Exploration and Production Act 2011, the Sierra Leone Petroleum Directorate announces Sierra Leone's 2011/2012 Petroleum Bid Round for the followin...
Adira Farm-out of 25% of Yitzhak License to AGR Group
Israel >> 1/10/2012 - Adira Energy Ltd. is pleased to announce that it has received approval from Israel’s Petroleum Commissioner for the farm-out of 25% of its interest in the Yitzhak license (the License) to the AGR Grou...
Extension the Initial Period for Blocks 3A & 3B
Extension the Initial Period for Blocks 3A & 3B Kenya >> 1/10/2012 - Vanoil Energy Ltd. is pleased to announce that the Ministry of Energy of Kenya has accepted Vanoil's request for an extension of the initial exploration period for Vanoil's 100% owned Blocks 3A and 3B...
TVI Withdraws from Niger Exploration Program
Niger >> 1/10/2012 - TVI Pacific Inc (TVI) has made the decision to not participate in the second exploration phase of the Tenere Block in Niger, Africa, with partner China National Petroleum Corporation International Ten...
Sea Dragon Agreement to Acquire OG Assets in Egypt
Sea Dragon Agreement to Acquire OG Assets in Egypt Egypt >> 1/10/2012 - Sea Dragon Energy has entered into an arm’s length share purchase agreement with Golden Crescent Investments, whereby an indirect wholly-owned subsidiary of Sea Dragon will acquire all of the issued a...
Option of Third Party Participation in Iraq Blocks
Option of Third Party Participation in Iraq Blocks Iraq >> 1/10/2012 - Gulf Keystone confirms that it has been agreed that pursuant to the provisions of the Production Sharing Contract regarding the Shaikan block as amended and the Production Sharing Contract regarding t...
African Petroleum Awarded Offshore Block CI-513
African Petroleum Awarded Offshore Block CI-513 Ivory Coast (Cote D'Ivoire) >> 1/9/2012 - 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...
SouthWest Energy Signs PSA for Gambella Concession
Ethiopia >> 1/9/2012 - The Ethiopian Government’s Ministry of Mines has awarded SouthWest Energy the Gambella concession. This gives the company a strong potential upside and the added bonus of a diversification of prospect...
Longford to Resume Trading in Chia Surkh Block
Longford to Resume Trading in Chia Surkh Block Iraq >> 1/9/2012 - Longford Energy Inc. announces that its shares will resume trading and notes the speculation with regard to a possible transaction with Genel Energy plc (Genel) in relation to the potential sale by Lo...
Total Awarded Two Exploration Licenses in Mauritania
Mauritania >> 1/6/2012 - Total announced that it has signed two exploration licenses with the Mauritanian government that gives it, as operator, a 90% interest in the following blocks: Block C 9 in ultra deep offshore and Blo...
Farm-out Agreement with Sinochem Offshore Brazil
Brazil >> 1/6/2012 - Perenco has signed an agreement with Sinochem Petroleo Brasil Ltda, the 100% owned subsidiary of Sinochem Corporation (Sinochem) to farm-out five concessions in the Espirito Santo basin, offshore Braz...
Oslo Court Rejects Injunction to Stop Merger
Oslo Court Rejects Injunction to Stop Merger United Arab Emirates >> 1/6/2012 - Norwegian oil firm DNO said that Oslo's enforcement, bankruptcy and probate court had rejected a shareholder group's request for an injunction to stop the completion of DNO's merger with RAK Petroleum...
Egdon Acquired Certain Assets from EnCore
United Kingdom >> 1/6/2012 - Egdon Resources plc is pleased to announce that EnCore Oil plc (“EnCore”) will assign to Egdon its 7.5% interest in a newly offered offshore licence covering part blocks 98/13 and 98/14. This assignme...
Formal Sale Process for Stake in Offshore Area 1 Block
Mozambique >> 1/5/2012 - Cove Energy plc announced on 13 December 2011 that, in line with its stated strategy of value creation through exploration and appraisal it had opened a data room to certain parties who expressed an i...
Sonoro Enters into Farmout Agreement in Iraq Sonoro Enters into Farmout Agreement in Iraq
Iraq >> 1/5/2012 - Sonoro Energy Ltd. is pleased to announce that the Company, through its wholly owned subsidiary, Sonoro Energy Iraq B.V. (Sonoro Iraq), has entered into a Farmout Agreement with Geopetrol Internationa...
Brenham Receives an Invitation to Negotiate in Equatorial Guinea
Equatorial Guinea >> 1/4/2012 - Brenham Oil & Gas Corp., (Brenham), a subsidiary of American International Industries, Inc., (American), announced that it received letters of invitation from the Government of Equatorial Guinea in We...
Serica Signs Agreement Relating to Luderitz Basin
Namibia >> 1/4/2012 - Serica Energy plc announces that the Petroleum Agreement relating to the award of Licence Blocks 2512A, 2513A, 2513B and 2612A between The Government of the Republic of Namibia, National Petroleum Cor...
TransGlobe acquires West Bakr agreement in Egypt
TransGlobe acquires West Bakr agreement in Egypt Egypt >> 1/3/2012 - TransGlobe Energy Corporation today announces the closing of the West Bakr acquisition in the Arab Republic of Egypt ("Egypt") from The Egyptian Petroleum Development Co. Ltd. (of Japan) that was comp...
MENA Hydrocarbons Announces Closing of Acquisition in Egypt
Egypt >> 1/3/2012 - MENA Hydrocarbons Inc. announces that the agreement to acquire a 55 percent participating interest in an offshore development lease located 60km off the Mediterranean coast of Egypt expired December 3...

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