Acquisitions and Divestitures News in Nigeria

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...
Oando to Raise $193m to Fund ConocoPhillips Deal
12/18/2013 - Nigerian energy firm Oando is offering 30.75 billion naira ($193 mln) in shares to help it buy ConocoPhillips' assets in Nigeria, bankers close to the deal told Reuters. ...
Brady Terminates Discussions for the Acquisitions of EER's Interest
12/12/2013 - On 31 October 2013, Brady was continuing to work towards the acquisition of the entire issued share capital of EER, a UK incorporated company with oil and gas interests in Nigeria. The proposed acqui...
CAMAC Energy to Acquire Interests from Allied Energy
11/20/2013 - CAMAC Energy Inc announced that it has entered into a definitive agreement to acquire the remaining economic interests that it does not currently own in the production sharing contract covering Oil Mi...
Stetson Extends Option Agreement for Offshore African Acreage
10/11/2013 - Stetson Oil & Gas Ltd, a Forbes & Manhattan Energy Group Company, reports that it has elected to extend the term of the exclusive option agreement (the "Option Agreement") entered into with a private ...
Shell Nigeria Selling Four Delta Oil Blocks
10/10/2013 - Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said, the latest move by an oil major t...
Bids on Chevron's Nigeria Oil Blocks Due Next Week
9/24/2013 - Chevron Corp will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters. ...
Nigeria Warns Oil Block Buyers Could Lose Operating Rights
9/5/2013 - Nigeria's state oil company warned investors interested in three shallow water oil blocks offered for sale by Chevron that buyers may lose the right to operate them. ...
Shell to Sell at Least 4 Nigeria Oil Blocks
7/31/2013 - Shell will sell at least four more oil blocks in Nigeria in its latest divestment from Africa's top oil exporter, three oil industry sources familiar with the deals said. ...
Lekoil Limited Proposes Acquisition of Interest in OML113
6/18/2013 - Panoro Energy ASA is pleased to announce that its wholly owned subsidiary Pan Petroleum Aje Limited, has entered into a Sale and Purchase Agreement (the “SPA”) with the Nigerian company Lekoil 113 Nig...
Panoro Provides Update on the Divestment of the Aje Field
6/12/2013 - Panoro Energy ASA's (the "Company") wholly-owned subsidiary Pan Petroleum Aje Limited has agreed in principle the terms of sale with an undisclosed buyer forits 6.502 % participating interest in the O...
Chevron to Sell Two Nigerian Oil Blocks
6/11/2013 - Chevron is selling its stake in two Nigerian shallow water oil blocks, the company said, the latest oil major seeking to dispose of assets in Africa's biggest oil producer. ...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.