Monday, January 30, 2012

Cove Energy sells Tanzania assets for $38.8M

Cove Energy Plc, a ~$870 million enterprise value company, has signed an agreement to sell its assets in Tanzania to one of its partners – Wentworth Resources based in Tanzania. Pursuant to the transaction, Wentworth Resources will take control of Cove’s wholly owned subsidiary, Cove Energy Tanzania Mnazi Bay. Continue reading here..

San Leon Energy Seeks Farmin Partners for Tarfaya and Zag licences

San Leon Energy Plc is seeking farm-in partners to fund exploration drilling in Tarfaya and Zag licences onshore Morocco. Continue reading here..

Centrica acquires additional interest in Statfjord from ConocoPhillips for $223M

Centrica Plc has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of US$223 million, including US$103 million attributable to historic tax allowances. Continue reading here..

Total jumps on the Kurdistan bandwagon

Total is close to securing exploration rights over several oil and gas blocks in Iraqi Kurdistan. Continue reading here..

Total jumps on the Kurdistan bandwagon

Total is close to securing exploration rights over several oil and gas blocks in Iraqi Kurdistan.

Earlier in Oct-2011, ExxonMobil signed contracts with the Kurdistan Regional Government to explore in ... Continue Reading for a free and detailed analysis.

Providence Resources Seeks Farmin Partner for North Sea Licences

Providence Resources Plc has engaged FirstEnergy Capital LLP as its financial advisor for the potential farm out of SEL 1/07, offshore Ireland and Block 103/1, offshore UK , with up to 50% interest available. Continue reading here..

ExxonMobil, Realm Energy, BNK Petroleum and 3Legs Resources active in German Shale

US supermajor ExxonMobil is continuing to push for unconventional gas exploration in Germany alongside conventional gas production, experimenting new drilling methods. Read the whole article here..

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