Talisman Energy Sells 49% Equity Interest in UK North Sea Assets for $1.5 Billion

Talisman Energy Inc. (Talisman) (TLM.TO)(TLM) announced that it has reached an agreement in the North Sea with Sinopec International Petroleum Exploration and Production Corporation (Sinopec), whereby Sinopec will acquire a 49% equity interest in Talisman's UK North Sea business, Talisman Energy (UK) Limited (TEUK), for $1.5 billion.

"We are very pleased to reach this agreement with Sinopec for the next phase of development of our UK North Sea assets," said John A. Manzoni, President and CEO. "This will provide additional resources and energy to the talented team on the ground, creating an exciting future for this portfolio. Collectively, we will invest more in the UK than Talisman would have on its own, leading to a stronger, more sustainable business.

Published: 23 July 2012

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Talisman Energy Sells 49% Equity Interest in UK North Sea Assets for $1.5 Billion

Published: 23 July 2012

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CNOOC Limited Enters Into Definitive Agreement to Acquire Nexen Inc.

HIGHLIGHTS
    All-cash price of US$27.50 per Nexen common share

    The price represents a premium of 61% to the closing price of Nexen's common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen's 20 trading-day volume-weighted average share price

    Delivers significant and immediate value to Nexen shareholders

    The transaction has received the unanimous approval of Nexen's and CNOOC Limited's Boards of Directors

Published: 23 July 2012

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TSX NYSE Energy M & A Up on News Interesting News

Tethys Petroleum Limited: Tajikistan Resource Upgrade 27.5 Billion BOE

Tethys Petroleum Limited ("Tethys" or "the Company") (TPL.TO)(TPL.L) is pleased to announce that it has received an updated independent Resource Report for its Tajikistan assets. These cover an area of approximately 35,000 sq. km and the estimated gross unrisked mean recoverable resources are 27.5 billion barrels of oil equivalent (BOE).

Key Points:
-- Gross unrisked mean recoverable prospective resources of 27.5 billion
barrels of oil equivalent (BOE), consisting of:
-- Gross unrisked mean recoverable prospective resources of 114 trillion
cubic feet (TCF) of gas

Published: 19 July 2012

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TSX Energy Project Updates Up on News Interesting News

MEG Energy announces plans for new investment to support 30% increase in production

MEG Energy Corp. announced today that its Board of Directors has conditionally approved a broad-reaching production enhancement program for the company's in situ oil sands facilities at Christina Lake, Alberta. The program, called RISER, increases the company's production target from Christina Lake Phases 1, 2 and 2B to approximately 80,000 barrels per day (bpd) at the end of 2014 or early 2015 from the previous target of 60,000 bpd. With fixed costs spread over higher production volumes, RISER is also expected to help further reduce non-energy operating costs per barrel once the program is fully implemented.

Published: 16 July 2012

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TSX Energy Up on News Financing Interesting News

Talisman Energy Inc ( TLM )

Talisman Energy Sells 49% Equity Interest in UK North Sea Assets for $1.5 Billion

Talisman Energy Inc ( TLM )

Talisman Energy Sells 49% Equity Interest in UK North Sea Assets for $1.5 Billion

Nexen Inc ( NXY )

CNOOC Limited Enters Into Definitive Agreement to Acquire Nexen Inc.

Tethys Petroleum Limited ( TPL )

Tethys Petroleum Limited: Tajikistan Resource Upgrade 27.5 Billion BOE

MEG Energy Corp ( MEG )

MEG Energy announces plans for new investment to support 30% increase in production