Contango Oil & Gas Company announced yesterday that the Company’s wholly-owned subsidiary, Contango Operators, Inc., was the apparent high bidder on each of the three lease blocks, representing two prospects, bid at the Central Gulf of Mexico Lease Sale 227 held on March 20, 2013. The Company bid a total of approximately $1.7 million [...]
Indonesia’s state oil company Pertamina is no longer interested in buying Coastal Energy company, The Jakarta Post has reported. The company was willing to pay to pay a 15% premium to Coastal’s share price, according to the Financial Post. The bid valued Coastal at $2.6-billion, but Coastal shareholders refused the offer as too small. Karen [...]
BP on Friday notified that it was the successful bidder for four deepwater exploration blocks offshore Nova Scotia, Canada. The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced that BP was the successful bidder for blocks five, six, seven and eight in the Call for Bids NS12-1. The blocks together cover an area of almost 14,000 [...]
The Bureau of Ocean Energy Management (BOEM) has extended by 30 days the post-sale evaluation period for bids received in the federal oil and gas lease sale held in June. This action is necessary because of the temporary closure of the BOEM Gulf of Mexico Regional Office building in New Orleans and other effects of [...]
Statoil and Rosneft today signed agreements on joint bidding for exploration licenses in the Norwegian Barents Sea and on Joint Technical Evaluation covering two Russian onshore assets. This concludes the first implementation agreements envisaged in the strategic cooperation that the two companies entered into on 5 May, 2012. The agreements were signed by Statoil CEO [...]
The New Zealand government on Friday launched the annual tender process to attract gas and oil exploration interest in 2012, the Ministry of Economic Development has announced. “By 15 October 2012, the government expects to receive work programme bids from reputable companies interested in investing in exploration over 23 onshore and offshore areas designated for [...]
Ukraine has invited oil & gas companies to file their bids for exploration and production rights in two fields located in Ukraine’s part of the Black Sea, the Financial Times reports. The country is trying to improve its energy security and reduce its dependance on Russian gas imports and hopes to unlock its own offshore [...]
Shell Bidco, a subsidiary of Shell, which has been competing with Thailand’s PTTEP over Cove Energy acquisition announced today that it was aware of PTTEP’s yesterday’s increased takeover bid of $1.9 billion. Shell’s previous $1.8 billion bid to acquire all issued or to be issued shares of UK-based Cove Energy had been endorsed by the [...]
Cove Energy, a UK oil and gas company with primary assets in East Africa, yesterday urged its shareholders to accept the $1.8 billion takeover bid from Shell before May 23, the first closing date for the offer from Shell. The board of Cove, having already endorsed the offer, has said it continues to believe that [...]
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In its interim statement released today, UK based Cairn announced participation in the current bid round offshore Cyprus. Cairn and its partners submitted the Bids on 11 May with awards expected towards the end of the year. Cairn holds a 40% share in the bidding consortium and other partners comprise Marathon Oil Company (40%), CC [...]
