Shell joins Total and ConocoPhillips in Divesting Canadian Assets

PetroChina Company Ltd has entered into binding agreements to acquire 20% interest in Shell’s Groundbirch assets, located in Northeastern British Columbia. Continue reading here..

Statoil Planning to Sell West Qurna-2 stake in Iraq

According to Middle East Economic Survey (MEES), Statoil is planning to sell its stake in the West Qurna-2 oilfield in Iraq. According to an Iraqi industry source, Statoil has asked Iraq’s Oil Ministry for permission to sell its stake and that the deal was in its “final stages” as on 2-Feb-2011. Continue reading here..

Rosneft acquires 35.5% interest in Russian field for $444M

Rosneft has signed a tentative agreement with Sberbank Capital to acquire 35.3% stake in Taas-Yuryakh Neftegazodobycha for $444 million. Taas-Yuryakh holds production licences for the Srednebotuobinsk oil and gas condensate field, which is situated 160 km north of the ESPO pipeline.  Continue reading here..

Nautical Petroleum acquires 25% interest in UK North Sea block

Nautical Petroleum plc has entered into an agreement with First Oil Expro Ltd to acquire 25% WI in P1756 (Block 3/27a), UK North Sea. First Oil holds 100% operated WI in the block. Continue reading here..