Tuesday, February 22, 2011

BP intends to sell Southern North Sea assets to fuel growth

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After tying up a $7.2 billion alliance with Reliance, BP announced today the intention of selling its interests in a number of operated oil...
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BG and Ophir to drill ahead in Tanzania deepwaters after their third victory at Chaza-1

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BG group and Ophir Energy are planning to continue with their exploration activities off Tanzania after their third consecutive success wi...

Montenegro plans to explore the Adriatc Sea – 15 international companies express interest

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On December 24, 2010 Montenegro invited international oil and gas companies to take part in its oil and gas exploration activity. About 15 ...

PA Resources reported 2010 results – production down 4.5%; 2010 Capex in-line with five-year forecast

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PA Resources reported a production of 10,700 boepd in 2010, 4.5% lower to 2009. This is due to lower production recorded in company’s main ...

Marcellus, Eagle Ford and Permian Basin - The top three regions for Oil and Gas M&A in US

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The top three regions - Marcellus , Permian and Eagle Ford , accounted for $37.5bn in transactions or 50% of the total reported for US in ...

BHP debuts in US shale business by purchasing Chesapeake's Fayetteville assets for $4.8 billion

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BHP Billiton has made its first move into the US shale gas business with the acquisition of Fayetteville shale assets from Chesapeake fo...
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After Encana's JV for shale gas, now Cenovus looks for JV partners to develop its oil sands resources

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Cenovus , which was split from  Encana  in December 2009, would be following its predecessor that has formed joint ventures with Petro-...
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