Thursday, April 21, 2011

Adverse weather conditions affected Santos Q1 2011 Operational results; Revised 2011 Production Guidance to 47-50 mmboe

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Santos reports oil and natural gas production of 11 mmboe for first quarter 2011, down 11% than the corresponding period. This is due to adv...

Canadian assets worth $7 billion on the market, contributes 15% to global deals in play

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Source:Global E&P Transactions 2010 Review Canadian oil sands reported $12.8bn in asset sales, corporate acquisitions and join...

Parex acquires remaining interests in four Colombian blocks from Remora Energy for $255M

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Parex Resources Inc has entered into a definitive agreement to acquire Columbus Energy Sucursal’s (a wholly owned subsidiary of Remora Ener...
Wednesday, April 20, 2011

Encana Reports Positive Operational Results for Q1 2011 results; Plan to ramp up Development and Exploration activities in its extensive 1.7 million acres!!!

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Encana reported average production of 3.34 Bcfepd for Q1 2011, up 2% over first quarter 2010. The company is on-track to meet 2011 year-end ...

Vedanta acquires 10.4% stake in Cairn India from Petronas for $1.5 billion! Indian upstream sector - Magnetising the foreign players.

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Vedanta Resources Plc announced the acquisition of a 10.4 % stake in Cairn India Limited by Sesa Goa (a subsidiary of Vedanta) from Petron...
Tuesday, April 19, 2011

Woodside’s Q1 2011 production drops by 19%. Woodside plans aggressive appraisal and development activities to achieve 2011 production target!!

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Woodside reported production of 15.6 mboe for March 2011 quarter end, down 19% compared to the corresponding quarter due to tropical cyclone...

Overstated oil estimate pulls down OGX stock

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OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, today disclosed the res...