Talisman Energy to Divest Shaunavon Asset

Talisman Energy Inc has initiated a process to divest its Shaunavon assets in southwest Saskatchewan and has retained FirstEnergy Capital Corp as its exclusive financial advisor. This package is a part of company’s 2012 divestiture program which was announced in Jan-2012. Continue reading here...

Shell has signed a definitive agreement to acquire 50% interest in Blocks 2-3, Albania from Petromanas Energy Inc in exchange for payments and carried costs up to $50.3 million. Petromanas will remain as the operator with 50% interest. Continue reading here..

Tower Resources Seeks Partner for Uganda Block

UK listed Tower Resources Plc has retained Envoi to assist in finding a partner for progressing and accelerating exploration of the highly prospective but under-explored Block EA5 in northern Uganda. The block is 100% owned and operated by Tower, through its subsidiary Neptune Petroleum (Uganda) Ltd. Continue reading here..

Centrica acquires additional interest in Fogelberg licence.

Centrica has entered into an agreement to acquire an additional 12% interest in production licence 433 in the Norwegian North Sea from North Energy for NOK 70 million (US$12.178 million). The effective date of the transaction is 1-Jan-2012. Subject to approval by Norwegian authorities, it is expected to complete in Q2-2012. Continue reading here..

Bahamas Petroleum Seeks Partners for offshore Bahamas Licences

UK listed Bahamas Petroleum Company Plc is reviewing potential farm-in proposals in relation to a portion of its exploration licences located in offshore Bahamas, whilst also retaining a 100% interest in selected acreage. For more info on Assets, Continue reading here..

Newfield, Marathon, Challenger Minerals, Gulfsands Offers GoM Assets

Derrick has recorded over $1 billion worth packages put up for sale in Gulf of Mexico by Newfield Exploration, Marathon, Challenger Minerals, Gulfsands Petroleum, Davis Petroleum and Sojitz. For more information, continue reading here..