Apache – Select Acquisitions and Divestitures 2009-2011

Apache has pursued an opportunistic acquisition strategy lapping up distressed assets from BP and with no significant divestitures. Continue reading..

Apache – The Opportunistic Acquirer

In 2009, Apache stayed away from the acquisition market and instead, built its cash position from operations and waited for the right opportunities to surface. During 2010, Apache spent more than $11 billion on acquisitions including $8.1 billion in the US, securing the second position globally after Sinopec and first position in the US. Continue reading..

Cairn Energy ropes in Statoil for exploration off Greenland

Cairn Energy, who has been unsuccessful in its hunt for hydrocarbons off Greenland, has roped in Statoil for exploration in the region. Continue reading here..

Oil & Gas Discoveries in West Africa in 2011

A study using the ‘docsearch tool’ by Derrick Petroleum Services reveals that there were 40 successful wells drilled in West Africa.

Out of these, 2 were in the Cote d’Ivoire, 2 in Sierra Leone, 7 in Mauritania, 17 in Ghana, and 1 in Guinea Bissau. 14 were exploration wells and the remaining were appraisals.

13 were operated by Kosmos, while 10 were drilled by Tullow.

A few of these discoveries are listed below

Operator	Name	Country
Anadarko Petroleum	Mercury	Sierra Leone
Anadarko Petroleum	Venus B-1	Sierra Leone
Dana Petroleum	Cormoran	Mauritania
Dana Petroleum	Aigrette	Mauritania
Dana Petroleum	Pelican	Mauritania
Eni	Gye Nyame-1	Ghana
Eni	Sankofa-1A	Ghana
Eni	Sankofa-2	Ghana
Hess	Paradise-1	Ghana
Kosmos Energy	Makore	Ghana
Kosmos Energy	Banda West	Ghana
Kosmos Energy	Teak-1	Ghana
Kosmos Energy	Akasa-1	Ghana
Kosmos Energy	Teak-2	Ghana
Kosmos Energy	Mahogany-5	Ghana

Source: Derrick Petroleum 'DocSearch'

To get more information on exploration in West Africa use the new Derrick OIl & Gas search tool. A sample search for West Africa is provided in the link below. 

http://docsearch.derrickpetroleum.com/search/q/West%20africa%20discovery/date/year/document/4/page/0/

Apache doubles acreage in Anadarko Basin through $2.85B acquisition of Cordillera Energy Partners

Apache Corp has agreed to acquire Cordillera Energy Partners for $2.85 billion.  Cordillera is largely owned by private equity firm EnCap Investments LP and other institutional investors. Continue reading here..

Over a Billion Dollar worth E&P Opportunities in Middle East

As on 23-Jan-2012, there are 10 opportunities recorded in Derrick’s ‘Deals in Play’ database for the region of Middle East. Most opportunities are in Kurdistan region, Iraq (6), followed by Oman (3) and Israel (1). Continue reading here..

Shell to spend $1 billion in Nova Scotia

Shell has planned to spend around C$1 billion on deepwater oil exploration off the coast of Nova Scotia. Shell bid C$970 million for four offshore parcels more than 125 miles from Nova Scotia's coast. It's the largest amount ever spent on offshore drilling rights on Canada's east coast, and represents a gamble on an underexplored deepwater frontier for Shell.

"This particular area where the four licenses have been awarded is an underexplored area ... there hasn't been any drilling on those four parcels and there's limited data available," said Stuart Pinks, chief executive of the Canada-Nova Scotia Offshore Petroleum Board, which awarded the licenses.

The Nova Scotia government recently estimated that its offshore region potentially contains 120 trillion cubic feet of gas and 8 billion barrels of oil.

Find out more presentations on Shell:
http://docsearch.derrickpetroleum.com/search/q/shell/document/4/page/0/