Friday, January 27, 2012

Woodside to Sell Stake in Pluto and Browse LNG Projects

Woodside Petroleum Ltd is considering selling some of its interest in its Browse and Pluto liquefied natural gas ventures... Continue Reading for a free and detailed analysis.

Has EnQuest paid a Premium for its North Sea Acquisition?

On Jan 24, 2011, EnQuest Plc signed an agreement with Nautical Petroleum Plc to acquire 25% interest in Blocks 9/2b and 9/2c which includes the Kraken heavy oil discovery, UK North Sea. The amount payable ranges between ... Continue Reading for a free and detailed analysis.

Range reports success in Trinidad

Range today announced continued drilling success as it ramps up its reserves production drilling program on the Morne Diablo concession in onshore Trinidad.

Following the successful logging and completion of the QUN118ST well, initial production testing has seen the well producing at a rate of up to 102 bopd on a 5/32" choke under natural pressure from the shallow Forrest formation and has stabilized at approx. 84 bopd.

To learn more about Range Resources check out the new Derrick Document Search Tool for the  Oil & Gas industry at

Lundin Petroleum to increase production in 2012

Lundin Petroleum’s strategy of organic exploration growth has delivered excellent results in 2011 from its operations in Norway and South East Asia.

Lundin is planning to drill 24 exploration and appraisal wells in 2012 with a budget of MUSD 460 assigned to the exploration activities. Lundin’s year-end net resources stand at 1 billion barrels. The company expects to double its production over the next four years with its various fields like Gaupe and Johan Sverdrup to come on-stream shortly.

To view all the latest presentation by Lundin, please visit Derrick’s Document Search Tool:

More than $3 Billion worth North Sea E&P Assets for Sale

There are 33 E&P assets for sale recorded in Derrick’s deals in play database as on Jan 27, 2012 in the North Sea. Most assets for sale are in the... Continue Reading  for a free and detailed analysis.

Acquisition options in Africa for Victoria Oil & Gas

In their recent investor presentation, Victoria Oil & Gas, a UK listed, oil & gas E&P Company has listed its strategic objectives as follows: ... Continue Reading for a free and detailed analysis.

Afren’s growth engines: Nigeria and Kurdistan

Afren’s recent operational report states that its exit production rate stood at 53,200 BOE/d at the end of 2011, while the 2011 average output reached ... Continue Reading for a free and detailed analysis.

Crescent Point Acquires Wild Stream Exploration

Crescent Point Energy Corp has entered into an agreement with Wild Stream Exploration Inc to acquire all of the issued and outstanding shares of Wild Stream for ... Continue Reading for a free and detailed analysis.

Wild Stream Sells Saskatchewan Property

Wild Stream Exploration Inc has sold its assets in the Dodsland area of Southwest Saskatchewan to a new junior exploration company ... Continue Reading for a free and detailed analysis.

Quetzal Energy Divests Guatemala Assets

In May-2011, Quetzal Energy Ltd proposed a plan to spin-off its Guatemala assets. The spin-off did not go through due to the lack of shareholders support. Since then, Quetzal’s management was reviewing strategic alternatives for its Guatemala assets. Today, Quetzal entered into a definitive agreement with ... Continue Reading for a free and detailed analysis.

Range Resources and Leni Gas & Oil to jointly develop Trinidad fields

Leni Gas & Oil plc (LGO) and Range Resources Ltd have signed Heads of Agreement to jointly develop their interests in the Goudron and Beach Marcelle fields, Trinidad.... Continue Reading for a free and detailed analysis.


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