Europe, Middle East and Africa Oil and Gas Correspondent
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Jan 17, 2012

San Leon asks bidders to bet on Albania oil rush

LONDON, Jan 17 (Reuters) – Dublin-based San Leon
Energy said on Tuesday it was inviting bids for a stake
in its Albanian exploration licence, which it said could hold
over a billion barrels of oil, after receiving a number of
unsolicited bids.

The company said in a statement it had opened a data room
for prospective bidders and was in talks with “several large E&P
companies”.

Jan 16, 2012

Rockhopper sees Falklands oil stake sale in 3 mths

LONDON, Jan 16 (Reuters) – Rockhopper Exploration
expects to find a partner to invest in its politically
sensitive oil discovery offshore the Falkland Islands within
three months and might sell a majority stake in the $2 billion
project.

Rockhopper executives told a conference last week that seven
or eight companies were interested in bidding, according to
investment bank Morgan Stanley.

Jan 13, 2012

Cairn in talks on possible Greenland stake sale

LONDON, Jan 13 (Reuters) – UK oil explorer Cairn
Energy is talks about the possible sale of a stake in
its Greenland exploration interests, according to an analyst
note.

Cairn’s exploration boss Mike Watts told an industry
conference organised by investment bank Macquarie on Monday
about the talks, according to a research note published by the
bank on Thursday.

Jan 12, 2012

Royal Dutch Shell weakens on talk guiding lower – traders

LONDON (Reuters) – Shares in Royal Dutch Shell (RDSa.L: Quote, Profile, Research) fell on Thursday, with traders citing market talk that the oil giant was telling analysts their forecasts for its fourth-quarter earnings were too optimistic.

Shell’s London-traded “A” shares were down 2 percent at 2,280 pence at 12:10 p.m., underperforming a 0.3 percent drop in the STOXX Europe 600 oil and gas sector index .

Jan 3, 2012

BP challenges Halliburton court request on spill

LONDON/NEW YORK, Jan 3 (Reuters) – BP has
opened 2012 with a new legal move in its battle to force
contractor Halliburton to help pay the costs and
expenses it incurred to clean up the 2010 Gulf of Mexico oil
spill, which the oil major previously put at around $42 billion.

Halliburton, the company that cemented the doomed
well, had asked a court to force BP to recognise a contractual
agreement that protected Halliburton against possible spill
clean-up costs.

Dec 19, 2011

Gulf Keystone not talking to Exxon on $11 billion sale

LONDON (Reuters) – Explorer Gulf Keystone Petroleum (GKP.L: Quote, Profile, Research) said it was not in talks with U.S. oil major Exxon Mobil Corp (XOM.N: Quote, Profile, Research) about a 7 billion pounds sale, scotching a newspaper report that sent the Kurdistan-focused group’s shares 24 percent higher.

The Independent on Sunday newspaper reported Exxon was considering making an estimated 800 pence per share bid — five times Gulf Keystone’s closing share price on Friday.

Dec 19, 2011

No Exxon bid for Gulf Keystone seen, shares soar

LONDON (Reuters) – Explorer Gulf Keystone Petroleum (GKP.L: Quote, Profile, Research, Stock Buzz) is not in talks with U.S. oil major Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) about a 7 billion pounds ($10.9 billion) bid, a source familiar with the Kurdistan-focused group’s thinking said on Monday.

The Independent on Sunday newspaper reported that Exxon was considering making an estimated 800 pence per share bid – five times Gulf Keystone’s closing share price on Friday.

Dec 19, 2011

Gulf Keystone shares soar on Exxon bid report

LONDON, Dec 19 (Reuters) – Shares in Kurdistan-focused
oil explorer Gulf Keystone Petroleum soared on Monday
following a report that U.S. oil major Exxon Mobil Corp
was mulling a takeover bid at five times the company’s closing
share price on Friday.

The Independent on Sunday newspaper reported that Exxon is
considering making an estimated 800 pence per share bid for
Britain’s Gulf Keystone, which has made huge oil finds in the
semi-autonomous Kurdistan region of Iraq. The reported bid
values Gulf Keystone at around 7 billion pounds ($10.9 billion).

Dec 19, 2011

Gulf Keystone shares soar on takeover report

LONDON, Dec 19 (Reuters) – Shares in Kurdistan-focused
oil explorer Gulf Keystone Petroleum soared on Monday
following a report that U.S. oil major Exxon Mobil Corp
was mulling a takeover bid at five times the company’s closing
share price on Friday.

The Independent on Sunday newspaper reported that Exxon is
considering making an estimated 800 pence per share bid for
Britain’s Gulf Keystone, which has made huge oil finds in the
semi-autonomous Kurdistan region of Iraq. The reported bid
values Gulf Keystone at around 7 billion pounds ($10.9 billion).

Dec 12, 2011

Sinochem, Gulfsands shut down Syria oil ops

LONDON, Dec 12 (Reuters) – Chinese state-controlled
Sinochem and UK-listed explorer Gulfsands Petroleum
have shut down their oil operations in Syria following
European Union sanctions related to the crackdown on the
uprising against the rule of President Bashar al-Assad,
Gulfsands said.

Although China has resisted sanctions on Syria, Sinochem is
bound by EU sanctions since it bought its interest in the Syrian
fields by taking over UK-listed Emerald Energy, through which it
still owns the assets, a Gulfsands spokesman said on Monday.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
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