CNOOC Limited announced today that the Company proposes to form a 50%/50% joint venture with Bridas Energy Holdings Ltd in Bridas Corporation for a consideration of approximately USD3.1 billion in cash. In this connection, CNOOC International Limited, a wholly owned subsidiary of the Company, entered into the relevant transaction documents with BEH on 13 March [...]

BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas
In a broad-ranging deal, BP will pay Devon Energy $7.0 billion in cash for assets in Brazil, Azerbaijan and the US deepwater Gulf of Mexico. These include interests in ten [...]

The development of natural gas resources from around the world will play an important role in the future global economy, Tom Walters, president of ExxonMobil Gas & Power Marketing Company, said today at a plenary session during the CERAWeek 2010 conference in Houston, Texas.
“We expect global energy demand to increase nearly [...]