Tuesday, January 31, 2012

Europe’s Top 25 Transactions During 2011

Find the key transactions in 2011 here:

Will ONGC be Successful in Farming Out of Espirito Santo?

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..

Nearly $5 Billion worth New Packages on the Market Announced in January 2012

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 oilfieldTalisman’s non-core assets, and corporate sale byConnacher and Cove Energy. Continue reading here..

Ecopetrol acquires 30% interest in Peru field from Repsol

Ecopetrol SA has entered into an agreement with Repsol to acquire 30% interest in Lot 109 exploration field in Peru. Continue reading here..

Will Nabors go Private and Hive off E&P Assets?

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..

New World Oil and Gas Seeks Farmin Partners for Danica Jutland and Blue Creek Projects

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 to Sell Certain Marcellus Assets

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..

Centricas’ Recent Acquisitions in the North Sea

Since 2007, Centrica has been an acquirer in the following notable deals: 


Continue reading here..

Has Centrica Bagged a Discount Bargain in Statfjord??

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..

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