The Norwegian Petroleum Directorate today reported that seven oil companies have purchased it’s seismic data package from Lofoten and Vesterålen, and several more have indicated their interest. The seven oil companies that have purchased the seismic data package are Statoil, ExxonMobil, Norske Shell, RWE Dea Norge, GDF Suez, Dong Energy and Det norske oljeselskap. The [...]
January 11, 2012 | Posted in
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Eni has announced the purchase of a 32.5% stake in the Evans Shoal gas field in the Timor Sea,offshore Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, around 300km northwest of Darwin, where there is an existing LNG plant precinct. The undeveloped Evans Shoal field, discovered in [...]
November 30, 2011 | Posted in
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INPEX’s subsidiary INPEX Banda, INPEX and Japan Oil, Gas and Metals National Corporation (JOGMEC) has been granted the approval of the Indonesian Government to acquire the 100% participating interest in the Babar Selaru Block (the “Block”) on the Indonesian First Bidding Round 2011. INPEX will, as the operat0r, carry out the exploration activity. INPEX and [...]
November 21, 2011 | Posted in
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TAQA Bratani Limited , the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (“Premier”) certain assets that Premier will acquire following completion of its acquisition of Encore Oil plc. Under the agreement, TAQA will acquire a 16.6% per cent working interest in the Sterling-operated Cladhan area [...]
November 15, 2011 | Posted in
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Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) , announced today that Teekay Corporation (Teekay) and Teekay Offshore intend for Teekay Offshore to acquire the Sevan Piranema (Piranema) floating production, storage and offloading (FPSO) unit directly from Sevan Marine ASA (Sevan) for approximately $165 million, subject [...]
November 10, 2011 | Posted in
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Yesterday, November 7th, the N-Sea Group BV and Subcom BV have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group BV. Both parties seek to complete this mutually beneficial transaction by the end of this week. As of January 2012 Subcom BV will be integrated into [...]
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas in West Africa and China, announced that it has signed a heads of agreement (“HOA”) to acquire one hundred percent of the issued share capital of Avana Petroleum Limited, a private Isle of Man company (“Avana”), [...]
November 8, 2011 | Posted in
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Genesis Energy, L.P. announced yesterday that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its 23% interest in the Eugene Island Pipeline System. [...]
British oil producer Premier Oil is to buy North Sea-focused Encore Oil for 221 million pounds ($340 million), continuing its strategy of… By Tom Bergin (Reuters) Source:Reuters , October 5, 2011;
DONG Energy will be acquiring approximately 2.4 per cent of the South Arne field in the Danish North Sea from Noreco. Noreco announced 11 August 2011, that the company had made a deal with Hess stating that Hess was to take over the company’s share of the South Arne field. According to the co-operative agreement [...]
