Deals of the Week: Majors Look to Frontier Regions for New Acquisitions
Some of the largest oil and gas companies in the world continued to venture into the less conventional regions of the world this week in their quest to locate their next megaproject. Fresh from their negotiation of exploration blocks in Kurdistan, ExxonMobil’s next target materialised via a farm-in of Block LB-13 in the ultra deep .. read more
Deals of the Week: Dominion Petroleum Becomes Latest AIM Explorer to be Acquired
Dominion Petroleum became the latest small cap exploration company to be picked off this week by a larger peer. The share performance of pure exploration companies on AIM has been hit particularly hard by the drop in sentiment since April 2011 and even with a premium over the day prior price of 64%, investors who .. read more
Deals of the Week: Afren Makes Brave Move into Kurdistan
Afren entered into two deals this week, one involved an increase in its interest in block 1101 in Madagascar, whilst the other marked a major entrance for the company into the Kurdistan region of Iraq. Afren paid $588 million for a 60% interest in the Barda Rash PSC and a 20% interest in the Ain .. read more
Evaluate Energy’s Oil & Gas Deals of the Week – 21st April 2011
Main action of the week involved Vedanta snapping up an 11% interest in Cairn India after Petronas offloaded their 14.9% interest in the company for US$2.1 billion. Click here for Evaluate Energy’s full analysis of the deal (clients only). Despite launching an offer for a 51% stake in the company in August 2010, this is .. read more