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Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The transaction involves the sale of the shares of Tullow Kenya BV by Tullow Overseas Holdings BV to Gulf Energy’s Auron Energy E&P Ltd. for at least $120 million in cash. The assets to be sold hold about 463 million barrels of 2C resources, London-based Tullow said in a statement online.

Energy 95
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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

This Announcement is made in accordance with the Company’s obligations under Article 17 of UK MAR and the person responsible for arranging for the release of this Announcement on behalf of Zephyr is Colin Harrington, Chief Executive Officer. In addition, the Board will consider further opportunistic value-accretive acquisitions.

Energy 130
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Who is the Upstream Industry's Most Admired Explorer?

Rigzone

Galp was recognized in the Discovery of the Year category for its operated Mopane find in deepwater Namibia, Murphy Oil was highlighted in the E&P Explorer of the Year category following its Hai Su Vang and Lac Da Hong oil discoveries offshore Vietnam, and CNOOC was recognized in the NOC Explorer of the Year category, the release outlined.

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Repsol Taps Halliburton to Support UK North Sea Operations

Rigzone

“Repsol contributes operational capabilities on production, development, and decommissioning activities which will be combined with NEO Energy expertise on financial and commercial matters”, said Repsol chief executive for exploration (E&P) and production Francisco Gea.

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Viaro Energy strengthens North Sea portfolio through acquisition of Deltic Energy

Oilfield Technology

” Commenting on the Acquisition, Andrew Nunn, CEO of Deltic Energy, said: “Despite the difficult political and fiscal backdrop impacting the UK E&P industry over a number of years, the achievements of the Deltic team and the quality of our assets have been recognised by Viaro. Please sign in or register for free.

Energy 52
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Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” on April 15.

Basin 59
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Viper’s Royalty Model: Worth a Look

Permian Basin Oil and Gas Magazine

Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. The forward P/E becomes attractive in the teens, so a price in the lower $30s would make this a compelling buy, in my opinion.

Royalty 59