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Acquisitions and Divestitures News in Nigeria

CAMAC Initiated with a Buy at Aegis Capital Corp
9/23/2014 - Aegis Capital Corp. is initiating coverage on CAMAC Energy, Inc. with a Buy rating and a 12-month price target of $1.00 per share. CAMAC Energy is an independent oil exploration and production company...
Total Resumes $2.5b Nigerian Deepwater Oil Field Sale
9/16/2014 - Total SA , Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. ...
Shell Sells Some Nigeria Oil Fields
8/27/2014 - Shell has sold some of four oil fields up for grabs in Nigeria, it said, as the oil and gas company pushes ahead with global asset sales to cut costs. ...
Assignment of 20% Interest in OPL 233
8/19/2014 - SacOil, the African independent upstream oil and gas company, is pleased to announce the assignment of 20% equity in Oil Prospecting Licence (“OPL”) 233 offshore Nigeria (“the participating interest”)...
Eland Acquires 40% Interest in the Ubima Field
8/15/2014 - Eland, the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Wester Ord Oil & Gas Limited, a wholly owned subsidiary of Eland, has ag...
NDPR Executes Omerelu Farm out Agreement
8/4/2014 - The Omerelu Farm Out Agreement between Niger Delta Petroleum Resources Ltd (NDPR) and the NNPC/Chevron JV has been executed by all parties. ...
OER Completes Acquisition Of Medal Oil
7/11/2014 - Oando Energy Resources Inc has completed the acquisition of Medal Oil Company Limited. The purchase price of US$5,000,000 was satisfied by the issuance of 3,491,082 units, each unit consisting of one ...
Italy Prosecutors Open Probe into Eni on Nigeria Oil Block Deal
7/4/2014 - Italian prosecutors have opened a probe into alleged corruption relating to the 2011 acquisition of a big oil field in Nigeria by Italian oil group Eni and Shell, judicial sources with direct knowledg...
Option Agreement for Offshore African Acreage Terminated
7/2/2014 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that the exclusive option agreement (the "Option Agreement") entered into with a private company ("Privateco") for the option ...
Nigerian Government Approved $1.65b Acquisition of Conocophillips
6/18/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for th...
OER Executes Extension for Acquisition of Nigerian Assets from ConocoPhillips
6/9/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press release dated April 9, 2014, OER also announces that it has ext...
Placing to Fund Acquisition of 40% Interest in Otakikpo Marginal Field
5/20/2014 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Lekoil Oil and Gas Investments Limited, a wholly owned subsidiary of Le...
Nigerian Court Says has Jurisdiction over Chevron Asset Dispute
5/13/2014 - A Nigerian judge has ruled the Federal High Court should have jurisdiction over Chevron's asset sale dispute with Nigeria's Brittania-U, the local firm's lawyers said, dealing a blow to Chevron which ...
OER Extends Completion Date for Acquisition of the Nigerian Business of ConocoPhillips
3/28/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013, November ...
Glencore Interested in Buying Shell Assets in Nigeria
3/4/2014 - Commodity trader and miner Glencore confirmed its interest in buying oil assets that oil major Shell is selling in Nigeria. ...
OER Extends Completion Date for Acquisition of Nigeria Business of ConocoPhillips
3/3/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013, November ...
Trading Houses in Race to Buy Oil Majors' $3b Nigeria Assets
2/12/2014 - Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades. New upstream acquisitions would help cement their relationship with Africa's biggest oil producer, a key su...
Nigeria Court Rules Chevron Cannot Sell Assets Pending Dispute
1/27/2014 - A Nigerian court upheld an order barring Chevron from selling its onshore assets until a legal dispute with local firm Brittania-U is resolved, Brittania-U's lawyers said outside the court. Brittania-...
Legal Challenges Delay Chevron's $1b Nigeria Oil Block Sales
1/13/2014 - Chevron faces delays in closing sales of oil blocks in Nigeria worth up to $1 billion because of legal disputes involving potential buyers, industry sources say, highlighting a risk other oil majors c...
Oando & Oando Plc Executes Second Facility Agreement
12/24/2013 - Oando Energy Resources Inc., a company focused on oil and gas exploration and production in Nigeria, announced that it has entered into a second facility agreement (Second Facility Agreement) with Oan...

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