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Total obtains stake in Bokhtar PSC in Tajikistan

Total E&P Tajikistan BV has finalized acquiring a 33.33% stake in the Bokhtar production-sharing contract in Tajikistan from Kulob Petroleum Ltd., a subsidiary of Tethys Petroleum Ltd., and held jointly with CNPC Central Asia BV, a subsidiary of China National Petroleum Corp.

Natural Resource Partners to buy stake in Bakken, Three Forks

Natural Resource Partners LP, Houston, agreed to acquire an 11% working interest in producing assets in the Bakken and Three Forks formations in North Dakota and Montana from Abraxas Petroleum Corp. for $35.3 million, marking NRP’s entry into the Bakken formation.

Surge Energy to buy Saskatchewan tight oil assets from Cenovus

Surge Energy Inc. agreed to buy a tight oil asset in southern Saskatchewan from Cenovus Energy Inc. of Calgary for $240 million, with closing expected by mid-July, subject to normal closing conditions.

BG completes sale of Gujarat Gas stake

BG Group has completed the sale of its 64.12% interest in Gujarat Gas Co. Ltd., a nongovernment gas distribution company in India, to Gujarat State Petroleum Corp. (OGJ Online, Oct. 3, 2012).

Centrica to buy stake in shale gas area from Cuadrilla

Centrica PLC bought a 25% interest in a license for the Bowland basin shale project in Lancashire, UK, from Cuadrilla Resources Ltd. and AJ Lucas for $62.6 million. Centrica owns British Gas.

Wood Group eyeing potential Canadian acquisition

Wood Group is looking to acquire a Canadian company as a way to expand its own production services network (PSN) brownfield group there.

OGJ Newsletter

International news for oil and gas professionals

Devon MLP to own US midstream interests

Devon Energy Corp. will form a publicly traded master limited partnership initially to own a minority interest in the company’s US midstream business.

Summit Midstream Partners to buy Marcellus gathering assets

Summit Midstream Partners LP agreed to buy certain gas gathering assets from MarkWest Energy Partners LP in Doddridge County, W.Va., for $210 million.

Barclays: Global E&P spending to reach record high in 2013

Global exploration and production spending is forecast to reach a record $678 billion this year, a 10% increase over last year, according to a recent global E&P spending update report from Barclays.

E&Y: US E&P spending reaches new heights

US oil and gas producers boosted exploration, development, and acquisition spending in 2012 despite a steep decline in aftertax profits driven largely by low natural gas prices, Ernst & Young reported June 4 in the latest issue of its US oil and gas reserves study.

Sinochem acquires Wolfcamp stake from PNR

Sinochem Group has closed its previously announced $1.7 billion purchase of Wolfcamp assets in Texas from Pioneer Natural Resources Co.

Tesoro closes purchase of Carson refinery

Tesoro Corp. has closed its purchase of BP PLC’s 266,000-b/d Carson refinery near Los Angeles and related marketing and logistics businesses (OGJ Online, May 17, 2013).

FOCUS: UNCONVENTIONAL OIL & GAS – Deloitte: Pace of shale gas development won't be easy to repeat outside US

The progress of major shale gas developments outside North America is apt to lag the pace of the US shale gas revolution, according to a recent report from Deloitte analysts, who note that developers of US unconventional assets had advantages over their counterparts in Poland, China, and Argentina.

MOU aims to strengthen Gasunie-Gazprom ties

Gasunie of the Netherlands and Gazprom of Russia have signed a memorandum of understanding aimed at streamlining cooperation in European natural gas markets.

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Oil & Gas Conferences

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Event Title Date Type

Oil Sands and Heavy Oil Technologies

July 23, 2013

AIPN Internation Conference

October 21, 2013

Deep Offshore Technology International

October 22, 2013

PetroWorld India

October 24, 2013

Deepwater Operations Conference & Exhibition

November 05, 2013