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 [...]
![Petrovietnam Makes a Move for ConocoPhillips’ South China Sea Assets]()
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 Could Sell its Brazilian Offshore Assets]()
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;
![UK: Apache Buys USD 1.75 Billion Worth of Offshore Assets from ExxonMobil]()
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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Read More » Aminex announces the following further reorganisation of its Tanzanian exploration portfolio: Aminex and Key Petroleum Ltd. (‘Key’) currently participate 50-50 in the West Songo-Songo Production Sharing Agreement (‘PSA’) in Tanzania, with Key as the operating partner. Progress has been slow to date and the work programme is behind schedule, creating uncertainty about the future of [...]
