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Acquisitions and Divestitures News

Noreco Divests South Arne Field
Denmark >> 8/11/2011 - Norwegian Energy Company ASA (Noreco) has entered an agreement to sell its interests in the South Arne oil field in Denmark to Hess Denmark ApS for a consideration of USD 200 million. Noreco expects t...
Kosmos Energy Announces Q2 2011 Operational Update
Morocco >> 8/11/2011 - Kosmos Energy announced financial and operating results for the second quarter ended June 30, 2011. The Company generated a net loss of $9.1 million in the second quarter of 2011, or $0.03 pro forma b...
Tap Acquires Additional Stake in Accra Contract Area
Tap Acquires Additional Stake in Accra Contract Area Ghana >> 8/10/2011 - Tap Oil Limited is pleased to announce that it has executed an agreement to purchase an additional 5% participating interest in the Offshore Accra Contract Area, Ghana from Challenger Minerals Inc for...
Transatlantic to Sell All its Interests in Morocco
Morocco >> 8/9/2011 - TransAtlantic Petroleum Ltd. is pleased to provide an operations update in Morocco, the Company announced its intention to sell the existing interests in Morocco and transfer all of its drilling servi...
Farm-out Agreement Signed with BP in Block 2714A
Namibia >> 8/8/2011 - Chariot Oil & Gas Limited is pleased to announce that its wholly-owned subsidiary, Enigma Oil & Gas Exploration (Pty) Limited (“Enigma”), has entered into a farm-out agreement with BP Plc (“BP”), one ...
Chariot Completes Central Blocks Farm-out Agreement
Namibia >> 8/8/2011 - Chariot Oil & Gas Limited is pleased to announce that its wholly-owned subsidiary, Enigma Oil & Gas Exploration (Pty) Limited has signed a farm-out agreement with PGS, one of the world’s leading seism...
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 Spain’s 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 IPIC’s takeover bid for the company, at a price of €28 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 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...

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