Crescent Point Energy expands Bakken presence

PetroBakken Energy Ltd has agreed to sell certain non-core Southeast Saskatchewan assets to Crescent Point Energy Corp for C$427 million (US$428.341 million) in cash. The assets are located in the water flood area of the Viewfield Bakken light oil resource play. Continue reading here..

ConocoPhillips-Perenco deal analysis

ConocoPhillips has entered into an agreement with Perenco to sell its Vietnam business unit for $1.29 billion. The transaction is anticipated to close in H1-2012. HSBC Securities (USA) Inc has acted as an advisor to ConocoPhillips. Continue reading here..

ConocoPhillips bids adieu to Vietnam

ConocoPhillips has entered into an agreement with Perenco to sell its Vietnam business unit for $1.29 billion. The transaction is anticipated to close in H1-2012. This transaction is a part of the ConocoPhillips’ asset divestiture program of 2010-12 worth $15 billion to $20 billion. Continue reading here..

Sound Oil seeks partner for assets in Italy and Indonesia

Sound Oil Plc, in November 2011, has announced that there are opportunities to farm out several large scale assets possibly in Italy and Indonesia. Continue reading here..

Parex acquires further interest in Colombia block from Talisman Energy

Parex Resources Inc has signed an agreement with Talisman Energy to acquire its 25% interest in the El Eden block. Pursuant to the transaction, Parex will have 60% interest in the block and 50% of the non-producing Chiriguaro oil discovery. The completion is subject to regulatory approval. Continue reading here..

Anadarko to divest Indonesian assets

Anadarko Petroleum Corporation has planned to sell its assets in Indonesia (primarily deepwater exploration acreage offshore East Kalimantan). Anadarko has participating interests in approximately 4.5 million exploration acres through a combination of several operated and non-operated Production Sharing Contracts (PSC). Continue reading here..

Devon Energy expands Utica Shale presence

Devon Energy has acquired an additional 125,000 net acres in the Utica Shale play in Ohio in Q4-2011. Pursuant to this transaction, Devon holds 235,000 net acres in the Utica Shale play. Continue reading here..