Tuesday, March 15, 2011

Argentina- a tough place to do business!! Repsol dilutes maturing Argentina assets and concentrates on Brazilian pre-salt discoveries

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Repsol has agreed to sell a 3.83% stake of YPF to Lazard Asset Management and other investment funds for $639 million ($42.4/share). YPF...

Eni 2010-2014 business plan clouded by Africa unrest

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Eni is planning to achieve 3% annual production growth by 2014, higher compared to the previous plan of 2.5%. About 80% of the production d...

ONGC misses the bus again “Will it be Chinese who will outbid ONGC”

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ONGC has lost bid to buy US energy major Exxon Mobil's 25% stake in a deep-sea oil block in Angola. ONGC had last year bid around $...
Monday, March 14, 2011

What is driving Chinese to venture in to international O&G markets - "Is it their incremental domestic demand" or "Ambition to dominate global O&G markets"

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Chinese oil fields are aging, their reserves‐to‐production ratios (R/P ratio) are low, and domestic oil production is nearing its p...

Eagle Ford Shale generated around $3 Billion in revenue in South Texas during 2010. A busy year expected for Eagle Ford Shale with $4.0 Billion worth opportunities up for grab!!!

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In less than three years of development, the Eagle Ford Shale already accounts for over 6% of the Gross Regional Product for the 24-county ...
Friday, March 11, 2011

Galp to sell $4.2bn stake - Opportunity for foreign oil companies looking to make inroads into Brazilian Presalt

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Galp Energia is considering the sale of a 30% stake in its Brazilian assets to finance the company's investment plans. The sale of th...

Jordan to reduce its reliance on neighbours for oil & gas imports. Jordan, being explored by majors like BP, Shell, Total and Petrobras, signs $1.8 billion oil shale deal with Karak International.

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An oil shale surface retort concession agreement in Al-Lajjun area (35 sq km) in the southern governorate of Karak was signed between the Jo...