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Acquisitions and Divestitures News

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 nation’s second- biggest state-run oil producer, is in talks to buy a stake in Etablissements Maurel & Prom SA’s 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...
ERHC Signs PSC on Three Oil Blocks in Republic of Chad
Chad >> 7/6/2011 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in West Africa, announced that it has signed a production sharing contract (PSC) on the three oil blocks formally awarded to...
Foum Assaka Area Agreement in Morocco
Morocco >> 7/6/2011 - Kosmos has entered into a petroleum agreement with the Office National des Hydrocarbures et des Mines (ONHYM), the national oil company of Morocco, covering the Foum Assaka area offshore the Kingdom o...
Simba, Finalizing Onshore Liberian PSC Application
Liberia >> 7/6/2011 - Simba Energy Inc has received an official invitation from the National Oil Company of Liberia (NOCAL) to meet in Monrovia, Liberia during the week of July 18, 2011 to commence the final negotiation pr...
Pancontinental Granted Licence Offshore Namibia
Namibia >> 7/5/2011 - Pancontinental Oil & Gas NL (Pancontinental) is very pleased to announce that late on 4 July 2011 it received a signed Petroleum Agreement (PA) and Petroleum Exploration Licence No. 0037 (EL) from the...
QFIB Acquires Stake in Kuwait Energy Company
Qatar >> 7/2/2011 - Qatar First Investment Bank (QFIB) announced the acquisition of a US$16 million stake in Kuwait Energy Company, a leading Middle Eastern independent oil and gas exploration and production company head...
Petrofac Elects Not to Exercise NT/P68 Option
Australia >> 7/1/2011 - MEO Australia Limited advises that Petrofac Energy Developments (Petrofac) has elected not to exercise its option to acquire 5% interest in NT/P68 & Tassie Shoal Projects. The option, which expired on...
Republic of Chad Awards ERHC Three Oil Blocks
Chad >> 6/30/2011 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in West Africa, announced that the government of the Republic of Chad has formally awarded the company three oil blocks for ...
TransGlobe Acquires Interest in South Alamein
Egypt >> 6/29/2011 - TransGlobe South Alamein Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, has entered into a SPA to acquire Cepsa Egypt's 50% operated working interest in South Alamein for $3.0 milli...
Transatlantic May Sell Existing Operations in Morocco
Morocco >> 6/28/2011 - TransAtlantic Petroleum Ltd said in a regulatory filing that one of its exploration well in Morocco is likely to be abandoned, and the company will likely seek to sell or farm-out its existing operati...

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