Centrica acquires additional interest in Fogelberg licence.

Centrica has entered into an agreement to acquire an additional 12% interest in production licence 433 in the Norwegian North Sea from North Energy for NOK 70 million (US$12.178 million). The effective date of the transaction is 1-Jan-2012. Subject to approval by Norwegian authorities, it is expected to complete in Q2-2012. Continue reading here..

Bahamas Petroleum Seeks Partners for offshore Bahamas Licences

UK listed Bahamas Petroleum Company Plc is reviewing potential farm-in proposals in relation to a portion of its exploration licences located in offshore Bahamas, whilst also retaining a 100% interest in selected acreage. For more info on Assets, Continue reading here..

Newfield, Marathon, Challenger Minerals, Gulfsands Offers GoM Assets

Derrick has recorded over $1 billion worth packages put up for sale in Gulf of Mexico by Newfield Exploration, Marathon, Challenger Minerals, Gulfsands Petroleum, Davis Petroleum and Sojitz. For more information, continue reading here..

Sonde Resources sells Duvernay Shale acreage

Sonde Resources Corp has sold 26,240 gross undeveloped acres (24,383 net acres) in its Kaybob Duvernay play in Alberta for aggregate proceeds of C$75 million (US$75.29 million). Sonde continues to own approximately 39,000 net undeveloped acres in Duvernay and Montney oil plays, in the Ante Creek and Bezanson area. Continue reading on the deal valuation here..

Cutpick Energy Considers Strategic Alternatives

Cutpick Energy Inc, a private Calgary-based corporation, has engaged FirstEnergy Capital Corp to evaluate a range of strategic alternatives, including possible liquidity events, aimed at enhancing shareholder value. Continue reading here..

Quantum Energy Partners forms Renaissance Offshore

Quantum Energy Partners, a leading private equity firm, has announced the formation of Renaissance Offshore by a $300 million equity commitment. Renaissance will primarily engage in acquiring and redeveloping legacy oil producing properties in the shallow water Gulf of Mexico. Continue reading here..

Connacher, Birchcliff Energy, EnCana and Talisman lead $14 billion worth Canadian Deals In Play

Derrick recorded nearly $14 billion worth Canadian packages put for sale by Connacher Oil & Gas, ConocoPhillips, Talisman, Birchcliff Energy, EnCana and Cenovus Energy. The $14 billion includes only the large packages estimated at greater than $1 billion. For more visit us: