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09 Sep 10 KNOC sticks to Dana offer price
Korea National Oil Corp (KNOC) said Thursday it won't raise its £1.87 billion ($2.89 billion) bid for Dana Petroleum, a day after Dana released a lengthy document saying the offer undervalued the company.
09 Sep 10 Repsol to export Brazil's subsalt concept to Africa
Spanish oil firm Repsol YPF wants to export its concept of Brazilian subsalt oil reserves to Gabon, Congo, the Republic of Congo and Angola, Nemesio Fernandez-Costa, the company's vice president for exploration and production, said.
09 Sep 10 Karoon takes first step in listing South American assets
Australia's Karoon Gas has filed a draft prospectus and reference form with the Brazilian securities regulator. This is the first step in the process to conduct an initial public offering of its common shares.
09 Sep 10 Dana Petroleum's largest shareholder ready to back hostile KNOC bid
Dana Petroleum's hopes of extracting a much higher price from its hostile predator, the Korean state-controlled oil producer KNOC, took a blow Wednesday after the FTSE 250 company's largest shareholder dismissed its defence strategy.
09 Sep 10 UK: Dana Petroleum acquires UKCS interests from Petro-Canada UK
Dana Petroleum has entered into an agreement with Petro-Canada UK, a wholly owned subsidiary of Suncor Energy, to acquire Petro-Canada UK's interests in certain UK assets for a cash consideration of £240 million (approx. $372 million).
09 Sep 10 UK: Endeavour sells Cygnus gas field interest to Bayerngas
Endeavour International Corp has signed a definitive agreement to sell its 12.5% interest in the Cygnus gas field in Southern Gas Basin Block 44/12a to Bayerngas UK.
09 Sep 10 Russia: BP happy to talk to Russian firms about asset sales
BP is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said on Wednesday.
09 Sep 10 Norway: Spring Energy sells Norwegian assets to Talisman Energy
Spring Energy has announced the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge.
08 Sep 10 Brazil: Shell to sell stakes in offshore oil blocks
Shell has confirmed plans to sell its stake in four Brazilian offshore blocks, including a field in the vast deepwater subsalt region. The company said it would sell its stakes in the BS-4, BM-S-8, BM-S-45 and BM-ES-28 blocks.
08 Sep 10 Azerbaijan: BP says no plans to sell Azeri assets
BP will not sell its Azeri assets, including a 25 percent stake in the giant Shah Deniz gas field, and may even look to increase its stakes in Azeri projects, BP's Azeri president said Wednesday.
08 Sep 10 Uganda to repossess rest of Block 3A from Tullow
Uganda will repossess the remainder of Exploration Area 3A, located around the southern tip of oil-rich Lake Albert, because the block's licence has expired, a government official said Wednesday.
08 Sep 10 Uzbekistan: Tethys Petroleum signs Uzbekistan MOU
Tethys Petroleum has signed a MOU with the Uzbek State oil and gas company Uzbekneftegaz covering joint studies to determine the possibilities of improving hydrocarbon recovery on certain long-term production fields.
08 Sep 10 GoM: BP releases report on causes of Gulf of Mexico tragedy
No single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year.
08 Sep 10 US: Nighthawk Energy provides operational update of its Jolly Ranch and Revere projects
Nighthawk Energy, the US focused hydrocarbon development and production company, has provided an operational update in respect of the Jolly Ranch and Revere projects. Gross production reached record highs of 8,200 bbls in August.
08 Sep 10 UK: Valiant Petroleum announces interim results and updates operations
Completion of the first phase of the Don development during the period has been a major milestone for Valiant and the financial performance in the first half of the year reflects this increase in production from the Don Fields.
08 Sep 10 Australia: Drillsearch Energy and Innamincka Petroleum agree to friendly merger
The Boards of Drillsearch Energy and Innamincka Petroleum have unanimously agreed to merge by way of Scheme of Arrangement and create the Cooper Basin’s leading mid-tier oil and gas company
08 Sep 10 Dana Petroleum's pitch for a higher KNOC offer falters
Dana Petroleum has made a last-ditch attempt to convince a group of its largest shareholders to demand Korea National Oil Corp (KNOC) raise its $1.87bn hostile offer.
08 Sep 10 US: LINN Energy to acquire properties in the Wolfberry trend of the Permian Basin
LINN Energy has signed three definitive purchase agreements to acquire oil and natural gas properties located in the Wolfberry trend of the Permian Basin for a combined price of $352.2 million
08 Sep 10 GoM: BP probe to spread blame for spill
BP's internal probe of the April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.
07 Sep 10 India to decide on Cairn stake sale within six weeks
India’s oil ministry has referred Vedanta Resources' proposal to buy a stake in Cairn India to the market regulator. The ministry will decide whether to endorse the investment in four to six weeks.
07 Sep 10 BP to publish Deepwater Horizon accident investigation report Wednesday
The Deepwater Horizon accident investigation report prepared by BP's internal investigation team on the causes of the Gulf of Mexico tragedy, is expected to be published Wednesday at 1200 BST / 0700 EDT.
07 Sep 10 China: Chevron acquires interest in three deepwater blocks in South China Sea from Devon Energy
Chevron Corp has announced that its China subsidiary has received final approval to acquire operating interests in three exploration blocks in the South China Sea's Pearl River Mouth Basin.
07 Sep 10 Peru says south may hold new natural gas reserves
Peru's petroleum agency said on Monday the south of the country could be home to another 30 trillion cubic feet (TCF) of natural gas, which would more than double the country's current proven gas reserves.
07 Sep 10 US looking at cutting tax breaks for energy companies
The Obama administration is considering closing tax breaks for oil and gas companies to help pay for a $50 billion infrastructure revamp plan, an administration official said on Monday.
06 Sep 10 Indian government plans to sell part of its sake in ONGC and Indian Oil Corp.
India’s oil ministry has decided to sell part of the government’s stake in Oil & Natural Gas Corp (ONGC), the nation’s biggest explorer, and Indian Oil Corp, the second- biggest refiner, to raise money to cut its budget deficit.
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