Aberdeen market favourite Venture Petroleum is in for a £200-million ($410.5-million) investment by 3i and energ investor ArcLight Capital Partners in exchange for a 10-percent share that’ll put the institutions in the boardroom. 
Toronto-based E&P company Serica Energy has secured the load of $100 million from JPMorgan Chacse Bank, North America, and the Bank of Scotland to fund its oilfield development work on three continents, it was understood Wednesday. 
Premier has separated itself in Pakistan from a $64-million-year joint venture with Kuwait Foreign Petroleum Exploration Co., just as the company’s international assets require attention ahead of surrendering hydrocarbons. 
Plains Exploration & Production Co. will acquire Pogo Producing Co. for $3.6 billion in stock and cash in a deal that will create a new entity wielding 1.4 billion barrels of oil equivalent, it was announced Tuesday. 
Dublin-based independent, Island Oil & Gas, has struck a farm-in agreement and license-developmen alliance with Supernova Energy, a business of Bluewater Group in the Netherlands, another “promote” type alliance in the North Sea periphery. 
U.K.-listed independent Irvin Energy has bought a 50 percent stake in 52,000 acres of oil and gas leases in Oklahoma from local producer Metro Energy Group for $11.1 million, in a deal that includes shale developments. 
Endeavour International Corp. in Norway has upped its stake in two production licenses offshore the Nordic country and has become operator in a deal with Germany’s RWE Dea. 
ConocoPhillips has approved the repurchase of up to $15 billion of the company’s shares through the end of 2008, as move sometimes connected with executive salaries but more often stronger shareholder returns. 
One ONGC-owned Offshore Supply Vessel Samudrika-10 was on standby mode due to bad weather waiting for transfer of cargo to ONGC’s drilling rig Sagar Gaurav, operating in Bassein & Satellite field of ONGC. It started taking water and sank around 12.30 hrs on 9th July, 2007. 
Norwegian oil and gas producers sold 3.2 percent more of their wares in May 2007 that over the three previous spring and winter months, although turnover slightly year-on-year. |
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Shareholders of Norwegian oil companies Hydro and Statoil have agreed to merge oil and gas assets into new entity StatoilHydro, clearing a final hurdle in the marriage of two of Norway’s biggest oil companies. 
White Nile Ltd, the AIM listed oil and gas exploration company announces an update on it activities in Ethiopia, where it has a Joint Study Agreement with the Ethiopian Government’s Petroleum Operations Division, over the prospective East African Rift system in the southwest of the country. 
Hydro and Indian state oil company ONGC have a penned a deal giving the soon-to-be-merged Norwegian oil company access to exploration acreage on the deepwater India shelf and the prolific east coast. 
Texas producer Universal Energy Resources, Inc has sold all its assets — said to be $650,000,000 worth — to 1st Texas Natural Gas Company, Inc., it was announced Monday. 
Gazprom has reported a doubling of profit for 2006 to 636.46 billion roubles ($24.67 billion) on 37 percent more gas sales to Europe and higher sales all-round, it was learned Friday. 
Irish oil company Petrel said Iraq “will pass” the new Iraqi Hydrocarbon Law this year and it expects the new rules to bring better terms when its $197 million Subba and Luhais development starts up in 2010. 
Eight European countries have sent letter to Brussels urging the breaking up of overly large energy companies in countries like France and Germany, the Financial Times reported Tuesday. 
Kaliningrad terminal owner and Western Siberian explorer Baltic Oil Terminals blamed costs and reported on Tuesday the widening of losses in 2006 by some £7.4 million over 2005 to £8.23 million, despite rising revenues. 
U.K. independent and new Norway player Dana Petroleum will debt finance part of its move into Egypt this past April, when it bought $375 million worth of Devon Energy assets in the Middle East country. 
Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday. |
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