Acquisitions and Divestitures News in Nigeria

Brittania-U Prepares for May 18 Hearing in Ongoing Oil Lease Dispute
3/31/2015 - Nigeria's Supreme Court has set a May 18 hearing date in the 15-month-old dispute between Brittania-U Limited of Nigeria and Chevron Nigeria and Chevron USA over the sale of three oil leases in the Ni...
Total Completes $1b of Onshore Divestments
3/30/2015 - Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML...
SPDC Completes Sale OML29 & Nembe Creek Trunk Line
3/25/2015 - The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nemb...
Mart Completed Purchase of Onshore Nigerian OML18
3/20/2015 - Mart Resources, Inc is a member of a consortium that has acquired a 45% participating interest in Nigerian Oil Mining Lease 18 (“OML 18”) and all associated assets, wells, pipelines and infrastructure...
Seplat Completes Acquisition of Interest in OML 53
2/5/2015 - SEPLAT Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, announces that it has completed the acq...
Seplat Acquires Interest in OML 55 Onshore Nigeria
2/5/2015 - SEPLAT Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, announces that it has concluded negotia...
SacOil Says Could Exit Nigeria Assets
2/2/2015 - South Africa's oil and gas explorer SacOil Holdings said on Monday it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and could exit other assets as the price of...
Shell Completes Sale of Nigeria OML 24 Stake for $600m
11/20/2014 - The Shell Petroleum Development Company of Nigeria Limited (SPDC) has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to N...
Mart Participates to Acquire Onshore Nigerian OML 18
10/21/2014 - Mart Resources, Inc is a member of a consortium that has entered into an assignment agreement with The Shell Petroleum Development Company of Nigeria Limited (“SPDC”), Total E&P Nigeria Limited and ...
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...

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