Find the key transactions in 2011 here:
Tuesday, January 31, 2012
Oil and Natural Gas Corp (ONGC) is probably seeking to farm-out 30% to 40% interest in Block BM-ES-42, Espirito Santo basin, Brazil. The block, covering an area of 725 sq km, is located in the water depths of about 1,500 metres. ONGC holds 100% interest in the block. Continue reading here..
In January 2012, Derrick has recorded 20 new Deals In Play with the estimated value of more than $10 million each. The biggest Deals in Play of the month are ConocoPhillips’ Oilsands assets,Statoil’s stake in West Qurna-2 oilfield, Talisman’s non-core assets, and corporate sale byConnacher and Cove Energy. Continue reading here..
Nabors Industries’ stock has fallen so steeply that markets are betting on the world’s largest land-drilling contractor to be a takeover candidate. Continue reading here..
AIM-listed New World Oil and Gas Plc, in its recently released Funding Strategy report, has announced that the company is in the process of seeking potential farm-in partners for their exploration assets in Denmark and Belize. Continue reading..
Tenaska Resources, LLC is offering certain Marcellus Shale assets located in Tioga county, Pennsylvania. BMO Capital Markets has been retained as exclusive financial advisor for this transaction. Continue reading here..
In the deal announced today, Centrica has acquired Reserves estimated at 36 MMBOE for a consideration of $223 million, which yield an effective $/2P BOE of $6.19. This metric is approximately 20% lower than the one seen in the Centrica – Shell deal of Sep-2010 at $7.85 ($225 million for 28.67 MMBOE). Continue reading here..