Acquisitions and Divestitures News in Nigeria

Exxon Signs Nigeria Oil Renewals
2/22/2012 - Exxon Mobil signed 20-year oil licence renewals on Nigerian assets producing around 550,000 barrels per day on Wednesday, the company's country manager said, ending months of negotiations. ...
Sacoil Agrees Revised Terms for Entry into OPL 281
2/8/2012 - SacOil, the independent African upstream oil & gas company, announces it has agreed revised terms for its partnership with Transnational Corporation of Nigeria PLC (‘Transcorp’) and Energy Equity Reso...
CAMAC Update on OMLs 120/121 & Avana Agreement
12/30/2011 - CAMAC Energy Inc announced that it has been informed that Nigerian Agip Exploration (“NAE”),[ a subsidiary of Eni SpA (“Eni”)], its partner in Nigerian OMLs 120 and 121 (the “OMLs”), has signed a defi...
Providence Completes Sale of Interest in Aje Field
Providence Completes Sale of Interest in Aje Field 12/30/2011 - Providence Resources P.l.c is pleased to confirm that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited, ...
Shell, Eni Buy Huge Nigeria Offshore Oil Block
12/7/2011 - Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, the companies said, ending a decade of legal disputes over the huge asset. Shell and Eni said they would...
Afren Owned Firm Buys Nigeria Oil Block OML 26
12/1/2011 - First Hydrocarbon Nigeria Limited ("FHN") has announced that it has completed the acquisition of a 45% interest in OML 26 from the Shell Petroleum Development Company of Nigeria Ltd ("SPDC"), Total E&...
Neconde Completes Nigeria OML 42 Purchase
12/1/2011 - Kulczyk Oil Ventures Inc announces that Neconde Energy Limited (“Neconde”) has completed the acquisition of Oil Mining License 42 (“OML 42”) announced by KOV in a news release dated 6 May 2011. The pu...
Shell Completes Sale of Two Nigeria Oil Blocks
11/13/2011 - Nigeria's state-oil company NNPC said on Sunday that two local firms had completed the purchase of 45 percent stakes in two onshore oil blocks, previously owned by Shell, Total and Eni. ...
Afren's Nigeria Deal to Complete by End 2011
11/4/2011 - Afren's acquisition of a stake in a Nigerian oil field known as OML 26, announced last year, is on track to complete by the end of 2011, the Africa-focused oil firm's chief executive said. ...
Proposed Farm-in to First Marginal Field
10/10/2011 - Sirius, the investing company focussed on oil and gas exploration and development opportunities in Nigeria, announces that it has entered into a Financial and Technical Services Agreement ("FTSA" or "...
Acquisition of Interest in Oil Block OPL 2012 in Nigeria
9/12/2011 - The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into an Agreement with Sigmund Oilfields Limited and Grasso Consortium consisting of Grasso Nigeri...
Nigeria's NNPC to Reduce its Stake in Brass LNG
8/15/2011 - Nigeria's state-oil company NNPC said it will reduce its stake in the long-delayed Brass Liquefied Natural Gas (LNG) project to 30 percent, from its current 49 percent, to secure much-needed investmen...
AsherXino Completes Farm Out Agreement with Petrolog Group
6/23/2011 - AsherXino Corporation is pleased to announce that it has completed a farm out and partnership agreement with Petrolog International Group for its offshore Nigeria concession. AsherXino had earlier rec...
Major Nigerian Acquisition Opportunity
5/6/2011 - Kulczyk Oil Ventures Inc. (KOV) is pleased to announce that it joined the Neconde Energy Limited (Neconde) consortium. On April 29, 2011, Neconde entered into an Agreement for Assignment (AFA) and var...
Starcrest and Eland Oil & Gas Acquire 45% in OML 40
3/31/2011 - Starcrest Nigeria Energy Limited (“Starcrest”) and Eland Oil & Gas Limited (“Eland”) are delighted to announce that Elcrest Exploration and Production Nigeria Limited (“Elcrest”), a joint venture comp...
Seven is Bidding for Shell Field in Nigeria
3/7/2011 - Seven Energy has bid for one of four oil blocks being sold by Shell in Nigeria to snap up Western oil majors' properties as unrest in North Africa and the Middle East boosts global crude prices.
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CAMAC Completed Acquisition of Allied’s Interests
2/16/2011 - CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that on February 15, 2011, it completed the acquisition of the remaining ...
CAMAC Energy to Acquire 2-Offshore Nigerian Contracts
12/13/2010 - CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that on December 10, 2010, CAMAC Energy finalized and executed a definit...
First Hydrocarbon Acquire an Interest in OML 26
10/21/2010 - First Hydrocarbon Nigeria, the indigenous Nigerian upstream oil and gas company in which Afren plc holds a 45% interest, has announced the reaching of Definitive Agreements with Shell Petroleum Devel...
CAMAC Energy Acquires Interest Offshore Nigeria
8/11/2010 - CAMAC Energy Inc. announced that on August 6, 2010, the Company entered into a memorandum of understanding (the “MOU”) with CAMAC Energy Holdings Limited, CAMAC International (Nigeria) Limited, and Al...

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