Tuesday, March 8, 2011

Shell postpones Alaskan exploration program to 2012 but Repsol steps in with $768 million kit to explore Alaskan leases!!!

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Repsol agreed to acquire 70% interest in the leasehold held by 70 & 148 LLC and GMT Exploration LLC on the North Slope of Alaska. The b...

BP backs off from Algeria Asset sale - What makes BP stay back "Government intervention or Algerian gas potential"???

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BP has backed off from plans to sell assets in Algeria, The surprise announcement also comes after Russian joint venture TNK-BP Ltd., which...

Apache reported 2010 annual results; Production up 13% over 2009; Projected annual growth rate of 13%-15% in 2011

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Apache reported annual average production of nearly 658,000 boepd, up 13% from the last year. Liquids production increased 18%, and this, c...
Monday, March 7, 2011

JSC КаzМunaiGas Exploration Production (KMG EP) reported 2010 annual results; Production up 16% over 2009; Plan to invest $709 million in 2011

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KMG EP ’s 2010 production was 270 kbopd of crude oil including the Company’s stakes in LLP Kazgermunai JV (KGM), JSC Karazhanbasmunai (CCEL...

Tullow acquires interest in Kenyan L8 block. East Africa- a hot spot and attracts big players like Apache and Anadarko!!

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Pancontinental Oil & Gas signed an agreement with Tullow Oil plc for Tullow to farmin to a 10% interest in the licence over offshore Ke...

Shell Australia to sell down its remaining 24.27% stake in Woodside Petroleum worth approximately $8 billion; Is Shell losing interest because it is unable to acquire Woodside completely???

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SHELL Australia chairwoman Ann Pickard says “We hoped Woodside would be the vehicle (to develop projects in Australia)  but when it became ...
Friday, March 4, 2011

Independent companies that have made recent discoveries and that are beginning to increase their output,” are the “best targets” for Chinese/Asian NOC’s - Is Maurel and Prom the next prey?

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Maurel & Prom, a French oil producer with a market value of about 1.65 billion euros ($2.28 billion), is weighing a sale. The c...