E&P M&A 2011: PARTIAL PULL BACK FROM 2010 HIGHS

Global M&A deal flow in 2011 at $170 billion was 19% lower than the record high touched in 2010 but 13% higher than 2009. Continue reading.. 

Robust Supply of Assets for Deal Making in 2012 Fuelled by Corporate Assets

The total value of all oil and gas assets currently on the market (Deals in Play), over $100 billion at the beginning of 2012, is 10% more than the supply at the beginning of 2011 and twice the supply at the beginning of 2010. Continue reading here..

PetroBakken divests CO2 flood Canadian oilfield

PetroBakken Energy Ltd has agreed to sell its entire working interest (~2.2%) in the Weyburn oilfield, located in Southeast Saskatchewan, for C$105 million. Continue reading..

Drastic Fall in Gas Prices Hurting Oil Companies

US natural gas prices have fallen to their to their lowest levels in 10 years and is likely to hurt the prospects of Companies like Exxon Mobil and BHP Billiton. Continue reading here..

Polish Shale to reduce Europe’s Russia dependency?

Poland is seen as a prospective market for unconventional gas production with 90 exploration licenses already awarded to majors such as Chevron and ExxonMobil. Continue reading here..

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..