Acquisitions and Divestitures News in Nigeria
| 11/12/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced, through its joint-venture subsidiary, Elcrest Exploration... |
| 10/31/2018 - A consortium led by Vitol and comprising Africa Oil Corp (“Africa Oil”) (25%), Delonex Energy Ltd. (“Delonex”) (25%) and Vitol Investment Partnership II Ltd. (“Vitol”) (50%), (collectively, the “Conso... |
| 6/18/2018 - A consortium led by top oil trader Vitol has entered exclusive talks to acquire stakes in Nigerian offshore fields that are held by Brazil’s Petrobras and its partners, industry sources said. ... |
| 6/9/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted c... |
| 12/22/2016 - Eni takes note of the closure of the investigation and reaffirms the propriety of the transaction related to the acquisition of the OPL 245 operating license. Eni and Shell concluded the transaction w... |
| 11/11/2016 - Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernize and streamline an industry known for graft and mismanagement. The ministry... |
| 9/28/2016 - Facing the likelihood of its first full-year economic contraction in 25 years, Nigeria is contemplating a rare sale of stakes in the oil and gas industry, the country’s biggest foreign-exchange earner... |
| 8/22/2016 - Further to the announcement on 11 August 2016, the Company continues to progress with the acquisition of an indirect interest in OML 18, a producing onshore Oil field located in the Southern Niger Del... |
| 5/24/2016 - San Leon Energy plc, the AIM quoted oil and gas exploration and production company focused on Europe and Africa, is pleased to provide the following update on its production deal on the OML 18 block, ... |
| 2/26/2016 - MX Oil plc, the AIM quoted oil and gas investing company, has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC). GPD... |
| 2/2/2016 - Further to its announcement on 25 January 2016, MX Oil is pleased to provide an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nige... |
| 12/1/2015 - Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has
agreed to acquire Afren plc’s entire 22.86% participating interest in OPL 310, which contains t... |
| 11/12/2015 - As previously announced to shareholders on 1 April 2015, SacOil terminated its participation with Transnational Corporation of Nigeria Plc (“Transcorp”), the operator of Oil Prospecting Licence 281 (“... |
| 8/16/2015 - The new head of the Nigerian National Petroleum Corp (NNPC) said he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the... |
| 7/27/2015 - Mart Resources, Inc announces that further to its press releases of June 15, 2015 and July 16, 2015, Midwestern and Mart have jointly agreed, pursuant to the terms of a second amending agreement, to f... |
| 6/30/2015 - Oando Plc, an integrated oil and gas company headquartered in Nigeria, is pleased to announce that a definitive agreement has been executed with HV Investments II B.V., (“HVI”), a joint venture owned ... |
| 6/24/2015 - U.S. oil company Chevron Corp said it was selling its 40 percent stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area. ... |
| 6/16/2015 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeri... |
| 5/26/2015 - Chevron USA and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two companies and other entities to the Nigerian oil company that has sued ... |
| 5/20/2015 - SacOil shareholders are advised that, in line with SacOil’s strategy to focus on proven resources as a basis for growth, the Company has embarked on a process of balancing and rationalising its portfo... |
