IGas Energy finds ‘very significant’ shale gas in Cheshire

UK independent IGas Energy has encountered what it says is a “very significant shale section” in coal-bed methane drilling operations at the Ince Marshes play onshore England.

Logs and rock samples being analysed could identify potentially prospective zones, IGas Energy said, pointing out previous independent analysis of the Bowland Shale has suggested gas initially in place of up to 4.6 trillion cubic feet in this area.

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Europe/North Sea Historic transaction activity – 2011 all time high after strong second half

A few large value transactions announced in the third quarter last year lifted the value of upstream transactions in Europe during 2011 to $14.4 billion, which is 9% of the overall transaction value in 2011. Continue reading here...

Oil Blocks in West and Central Africa on Offer

ERHC Energy Inc is seeking farm-in partners for three oil blocks in the Republic of Chad and two operated EEZ blocks in Sao Tome Principe. Continue reading

New Oil Find in Area A Gulf of Suez

Kuwait Energy Plc, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced a new oil discovery in Egypt's Ahmad-1X well, located in the Gulf of Suez's Area A concession.

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Heritage awarded further acreage in Tanzania

Heritage Oil announces that it has been awarded a further Production Sharing Agreement (PSA) in Tanzania. Heritage is the operator with 100% interest. The Kyela PSA, wholly located within Tanzanian territory, has an area of 1,934 sq kms and covers the northern onshore area of the Lake Nyasa Basin. Heritage has been awarded 100% interest and is the operator.

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Can multiple bidders increase the premium on Rockhopper?

Recent media reports have been speculating on a possible takeover or majority acquisition in Rockhopper Exploration Plc by Anadarko Petroleum. According to Sunday Times, several other Texan oil firms, including Noble Energy, Hess Corp and Murphy Oil are interested, as are British oil firms Cairn Energy and Premier. Continue reading here..

Obama for shale gas

President Barack Obama on Tuesday pledged support for the U.S. shale gas boom, but said government must focus on safe development of the energy resource.

In his State of the Union address, Obama called for government to develop a roadmap for responsible shale gas production and said his administration would move forward with 'common-sense' new rules to make sure drillers protect the public. 'America will develop this resource without putting the health and safety of our citizens at risk,' Obama said.

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