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Acquisitions and Divestitures News

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...
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.

...
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...
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...
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...
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...
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. ...
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 ...
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...
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...

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