DLA Piper has advised China Petroleum and Chemical Corporation, otherwise known as Sinopec, on its acquisition of Chevron Global Energys 75 per cent of the shares in Chevron South Africa Limited and one hundred per cent of the shares in Chevron Botswana Limited
Exploration
Total start deepwater production in Congo field
Total have started production from the Moho Nord deep offshore project
Tullow Oil issues new shares to raise US$7.5mn
On Friday 19 March, Tullow Oil issued 466.9mn shares at GDP£1.30 (US$1.61), 45.2 per cent lower than the previous days closing share price, causing share prices to fall by 15 per cent
Nigeria court overturns ruling and returns OPL245 to Shell and Eni
A Nigeria court has overturned a request by the countrys financial crime agency to seize the OPL245 oilfield from Royal Dutch Shell and Eni after reports of fraud
Farm-out agreement signed for Cameroon's Bomono block
A farm-out agreement has been reached between Bowleven and Victoria Oil & Gas (VOG) for a production sharing contract (PSC) for the Bomono Block, Cameroon