Melrose Black Sea farm-out
Melrose Resources has agreed to farm out 30% of its equity in the Est Cobalcescu exploration concession to the Beach Petroleum subsidiary of Beach Energy.
working interest
Towering ambition in farm out move
Tower Resources has agreed to farm-out a 44% working interest in its Namibia offshore licence 0010 and the related petroleum agreement along with the operatorship of the block to Repsol.
Bridge buys Boa interest
Norwegian oil and gas firm Bridge Energy said today it was to buy a stake in the UK North Sea Boa field from OMV (UK) in a deal worth £11.6million.
Antrim deal with First Oil
North Sea explorer Antrim Energy said yesterday it was to acquire a 25% working interest and associated reserves in the Fyne licence in the UK North Sea.
Farm out for Melrose
Melrose Resources has agreed to farm out a proportion of its equity in the Black Sea Muridava (Ex-27) block offshore Romania to Midia Resources, a subsidiary of UK-Canadian company Sterling Resources.
First oil targeted for 2015
Cameroon-focused Scottish oil and gas explorer Bowleven said yesterday production could start at its west African discoveries in 2015.
Taqa boosts interest in Cladhan find
Oil firm Taqa Bratani has boosted its stake in the North Sea Cladhan field to nearly 27% in two deals worth around £55million.
Deep water pre-salt find offshore Angola for Maersk
Maersk Oil has said it has made a step towards building a "significant business" offshore Angola after striking pre-salt oil.
Acquisitions by Parkmead and Taqa Bratani
North Sea oil firms Parkmead Group and Taqa Bratani have this morning both announced acquisitions in the basin.
Taqa eyes Cladhan potential and enters exploration market
Oil and gas operator Taqa Bratani said today it was "eager" to further expand its exploration portfolio in the North Sea after agreeing a deal with Premier Oil.
Nexen poised to go ahead with Golden Eagle development
Oil and gas operator Nexen said yesterday it was ready to proceed with the development of Golden Eagle in the UK North Sea.
Tough H1 for oil, but H2 looking more positive
The under-performance of oil&gas against the broader market could be blamed on a number of things, including the uncertainty over the future of BG Group's Queensland Curtis coal-to-LNG project from the proposed resource super-profits tax in Australia (the project was subsequently made exempt from the tax after a rethink) and the change of UK prime minister in July.
Dana agrees Guinea exploration deal with US partner
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had agreed a deal to acquire a 23% working interest in a huge concession offshore Guinea, in west Africa.
Centrica ups stake in Granite City energy firm
Venture Production saw its share price rise again yesterday just a day after it soared more than 26.5% to 734p on news of British and Scottish gas owner Centrica paying almost £230million to buy a 22% stake in the Aberdeen-based oil and gas operator.