PTTEP to Sell interest in Myanmar Block

Thailand’s PTT Exploration and Production (PTTEP) is planning to sell some of its interest in its Block M-11, Gulf of Martaban, Union of Myanmar. Continue reading..

Norway awards 60 offshore licences

The Norwegian Government has awarded 60 offshore production licences in the ‘Awards in Predefined Areas’ round for 2011 (APA 2011). Continue reading here..

Australia Unconventional Upstream Assets M&A

US shale is more expensive than Australian Shale gas. Continue reading here..

Chinese NOC’s Continue Acquisitions; Deal Value for 2011 Below 2010 Levels

Led by Sinopec, Chinese NOCs have been ramping up their acquisition spend year after year from almost negligible in 2007 to 15% of the total deal value in 2010. Overall the Chinese NOCs ended 2011 at 12% of the total deal value. Continue reading here..

Acquisitions and Divestitures for 2011 by ExxonMobil, Chevron, Total, Shell, BP and ConocoPhillips

View the major acquisitions and divestitures by ExxonMobil, Chevron, Total, Shell, BP and ConocoPhillips during the year 2011 here.

EOG Resources to Sell Barnett Assets

EOG Resources has retained Meagher Energy Advisors to assist in the sale of Barnett Shale assets in Palo Pinto, Parker, Erath and Hood counties, Texas. Continue reading...

Apollo and Riverstone Jointly bid $7 billion for El Paso Assets

Private equity firms Apollo Global Management LLC and Riverstone Holdings are jointly bidding for El Paso’s exploration and production assets.