BG Group has agreed a deal with long-time Kazakhstan partner KazMunaiGas to bring it into the North Sea.

North Sea player Endeavour International as signed an agreement to sell its stake in the UK Southern North Sea Cygnus gas discovery to Bayerngas UK for US $110 million.

Britain's Department for Energy and Climate Change has outlined a new offshore market opportunity for the storage of CO2.

Dong Energy is selling stakes in two of its Danish North Sea licences involving known discoveries.

Chevron has won new exploration rights to Canada's Arctic Far North in the Beaufort Sea.

Tullow Oil has completed the Us $1.45 Bn deal to buyout onshore assets in Uganda held by Heritage Oil and Gas.

New seismic data is being acquired by TGS offshore Greenland in the latest addition to the Norwegian survey contractor's data library and coinciding with a new licensing round.

Noreco has captured the value of its 20% stake in the Grosbeak oil discovery offshore Norway by agreeing to sell its equity in the find to Talisman Energy for US $43 million.

Shell UK has put Central North Sea assets up for sale near the Bacchus field development operated by Apache.

Polish gas group PGNiG has grabbed a state in Norway;s Gro gas discovery in the Vøring Basin from Statoil with an agreement to pay part of the costs of a current exploration well.

Tower Resources has reached a new exploration option agreement with Global Petroleum over Exploration Area 5 onshore Uganda.

Hess is to advance its holdings offshore Norway with a deal to take a bigger slice of the Hod and Valhall fields in the Norwegian sector of the North Sea.

Ireland's government has unveiled the details of a new Irish Offshore open licensing round covering opportunities in the Atlantic Margin in 2011 which the government says has the aim if increasing exploration there where reserves are estimated at up to 10 Billion gallons of oil and gas.

Anadarko Petroleum has agreed to lease more territory close to the onshore US Jolly Ranch project operated by Running Foxes Petroleum partnered by London-listed Nighthawk Energy.

Irish Energy Minister Conor Lenihan is due to unveil tomorrow the details of a new offshore licensing round in the Atlantic Margin.

North Sea operator Apache Corporation has completed the purchase of shallow water Gulf of Mexico assets owned by Devon Energy in a US $1.05 B n deal.

Norway's Oil Minister Terje Riis-Johansen has effectively suspended future deepwater drilling offshore Norway in the 21st Licensing Round until is more is known about the cause of the Deepwater Horizon rig blowout and loss which led to the huge Gulf of Mexico oil spill.

Det norske reduces its ownership in PL 356 from 100 per cent to 60 per cent. The buyer is Repsol Exploration Norway.

Britain's BG Group is farming into acreage offshore Tanzania in East Africa in a deal with Ophir Energy which will give the UK-based explorer stakes in two basins in shallow to deep water.

Lundin Petroleum has hooked up with Malaysia's Petronas to form a partnership on production sharing contacts offshore Sabah.

Britain's Tullow Oil is to tackle more deepwater after obtaining a new licence offshore Suriname-Guyana off South America.

A  farmout opportunity is being offered in Kazakhstan with an oil exploration company where  two blocks have been identified to contain a discovery with an estimated 330 million barrels of oil.

Updating plans for the sale of its entire assets in two blocks in Uganda to Tullow , Heritage Oil said today that there is only one major condition which needs to be satisfied in order to complete the sale.

Explorer Petroceltic has acquired an extension to its lease covering its four Isarene discoveries in Algeria.

Maersk has made a further entry into the deepwater region of Brazil by farming into some of the Devon Energy assets being acquired by BP in the Campos Basin.

North Sea explorer Valiant Petroleum has concluded asset deals in advance of future UK sector wells which are due to spud in the near future.

International Frontier Corporation has completed a deal selling its entire UK North Sea assets held by Britcana Energy for US $5 million to Nexen UK which includes equity in the Bugle field area.

Northern Petroleum has extended its holdings in The Netherlands with plans to acquire interests in two onshore gas fields estimated to contain 107 Bcf and move them towards development.