Northstar Offshore Energy Partners, LLC a portfolio company of Natural Gas Partners (“NGP”) has sold substantially all of its asset holdings to ANKOR E&P Holdings Corporation, STX Energy E&P Offshore Management, LLC and SCL Resources, LLC for $201 million. The assets sold to the Korean buying group have a current output of 4,700 barrels per [...]
Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips’ interest in three producing U.K. oil fields in the Central North Sea for $330 million, including approximately $94 million of tax attributes. Current net production from this asset group is approximately 10,000 boepd. Endeavour estimates of proved and probable reserves [...]
December 28, 2011 | Posted in
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Subsea well intervention specialist Helix Well Ops UK (Well Ops), has been awarded a multi-service contract by Talisman Energy (UK) Limited. The contract will see the Aberdeen-based firm carry out a number of subsea workscopes that include well maintenance and production enhancement operations, and a number of well abandonments at various fields within Talisman’s portfolio [...]
December 22, 2011 | Posted in
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Statoil ASA has decided to farm down three and exit five assets on the Norwegian Continental Shelf (NCS) for the consideration of USD 1.625 billion. The buyer is Centrica, a UK based energy company and established NCS player. “The transaction strengthens our capacity to further focus on value creating growth on the NCS, one of [...]
November 21, 2011 | Posted in
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Energy Partners, Ltd. today announced the closing of the transaction to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from a subsidiary of Stone Energy Corporation (Stone) for $38.4 million. The Main Pass (MP) Acquisition EPL has closed on its previously announced acquisition of producing GOM shelf properties in [...]
State oil and gas group Petrovietnam has bid for $1.5 billion of ConocoPhillips oil assets in the South China Sea, a senior Petrovietnam off… Source: Reuters Source: Reuters, November 1, 2011
Petrobras provided clarification about news released recently concerning concession areas BM-ES-32 and BM-ES-23, located in Espírito Santo Basin. Petrobras confirmed the information about oil discoveries in block ES-M-594 (BM-ES-32), as disclosed to the market on December 16, 2010 and about discoveries in block ES-M-525 (BM-ES-23), as disclosed to the market on June 09 and 04, [...]
Four new vessels to augment the fleet of the Ghana Navy have arrived at the Home Port of the Western Naval Command. With the arrival of the… Source: Ghanabusinessnews Source: Ghana Business News , October 24, 2011;
Anadarko Petroleum Corp is considering the sale of some assets in Brazil and has retained bankers to look for buyers, according to a source… By Reporting by Michael Erman and Anna Driver (Reuters) Source: Reuters, September 28, 2011;
Apache Corporation said today that its subsidiary Apache North Sea Limited has agreed to acquire Exxon Mobil Corporation’s Mobil North Sea LLC assets — including the Beryl field and related properties — for $1.75 billion . The fields have current net production of approximately 19,000 barrels of oil and natural gas liquids and 58 million [...]
September 21, 2011 | Posted in
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