Acquisitions & Divestitures

A&D - E&P

Free

Norway’s Seagull Oil & Gas Acquires ExTek AS

ExTek AS is Norway’s only oil, gas industry core competency training center using globally recognized CompEx Scheme. Seagull aims to be complete provider of training solutions, said its managing director. 

Erin Pedigo
Thu, 08/27/2015 - 14:33
Free

Update: US Oil Soars More Than 10 Percent

The rally was aided by news of Shell’s force majeure on Nigerian oil exports and data indicating more drawdowns in crude this week at Cushing, Okla., Reuters said.

Erin Pedigo
Thu, 08/27/2015 - 14:06
Non-free

US Shale Gas Production Expected To Fall In September

Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.

Emily Moser
Thu, 08/27/2015 - 12:36
Free

Oil Services Companies Beat Expectations In Tough Times

Around $200 billion worth of projects are halted or scrapped, and companies are likely to cut investments further due to a persistent crude oil glut and weak prices, Reuters said. 

Thu, 08/27/2015 - 10:41

Insight

Non-free

US Shale Gas Production Expected To Fall In September

Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.

Emily Moser
Thu, 08/27/2015 - 12:36
Free

Reward Awaits Those Willing To Explore During Downturn

With a cookie-cutter model comes marginal price economics, says Thrust Energy CEO Manatt.

Emily Moser
Mon, 08/24/2015 - 10:03
Non-free

The New Role Of Oil Prices

Credit Suisse analyst Jim Wicklund is still a bear, but he notes that oil prices have taken on a strange new dynamic.

Fri, 08/21/2015 - 16:42
Non-free

Updated Reserves For The Utica Shale

The Ordovician Shale has distinctive thermal windows for oil to dry gas generation. The source rock in the basin is immature to the west, giving a distinctive oil window.

Fri, 08/21/2015 - 16:23

Joint Ventures

Free

McClendon’s American Energy Partners Eying Australian Shale

The farm-in deal comes in the wake of reports that McClendon was eyeing Australia’s McArthur Basin as a shale hotspot for his first venture out of the U.S.

Emily Moser
Thu, 08/20/2015 - 15:02
Free

Stability, However Brief, Stirs Deal Makers

In the second quarter of 2015 deal activity and values climbed as oil hung around the $60 level, then transactions pulled back as oil prices fell below $42.

Darren Barbee
Wed, 08/19/2015 - 14:42
Free

Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51
Free

Emerald Oil Enters Agreement With Koch

Emerald said Aug. 3 it has an agreement worth about $24.4 million with a subsidiary of Koch Industries and is also working on a midstream JV in the Williston Basin. 

Darren Barbee
Mon, 08/03/2015 - 10:34

Mergers & Acquistions

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Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years

Emily Moser
Wed, 08/26/2015 - 15:58
Free

Southern’s Deal For AGL Resources Spotlights Shale-Gas Use

AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and Eastern Canada.

Darren Barbee
Mon, 08/24/2015 - 13:07
Free

Halliburton Certifies DOJ’s Second Information Request

Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.

Tue, 08/04/2015 - 11:15
Free

Exxon Mobil Talks M&A

The company reported that cash flow from operations and asset sales was $9.4 billion for second-quarter 2015. Of that amount, $629 million were proceeds associated with assets sales.

Mon, 08/03/2015 - 08:45

Midstream

Free

Those In Favor Of Lifting Export Ban Seek More Support

U.S. oil producers should be able to export oil, supporters say, if Iranian producers can under an international agreement easing sanctions in exchange for limits on nuclear development, Reuters said.

Erin Pedigo
Thu, 08/27/2015 - 13:48
Free

Review Of Keystone Pipeline Continues, Government Says

White House spokesman Josh Earnest said he had not seen report in a Canadian newspaper saying President Barack Obama would deny permit for Keystone before Labor Day weekend, Reuters reported.

Erin Pedigo
Thu, 08/27/2015 - 12:16
Free

Pleininger Will Head OMV’s E&P Segment

Johann Pleininger, who joined OMV in 1977, will replace Jaap Huijskes as head of E&P, Reuters said. Pleininger is currently senior vice president for CEE and Black Sea there.

Erin Pedigo
Thu, 08/27/2015 - 09:59
Free

BP Restarts Whiting Crude Distillation Unit

The largest distillation unit’s full capacity is 250,000 barrels per day, and BP did not specify when full capacity will be reached after the restart.

Erin Pedigo
Thu, 08/27/2015 - 09:39

Service & Supply

Free

Oil Services Companies Beat Expectations In Tough Times

Around $200 billion worth of projects are halted or scrapped, and companies are likely to cut investments further due to a persistent crude oil glut and weak prices, Reuters said. 

Thu, 08/27/2015 - 10:41
Free

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years

Emily Moser
Wed, 08/26/2015 - 15:58
Free

N. American Shale Drillers Invest In Walking Rigs

Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.

Erin Pedigo
Wed, 08/26/2015 - 11:50
Free

Lisenbe, Amenson Appointed To Executive Roles At Wood Group Mustang

Elaine Lisenbe joined the company as financial controller in 2011. Valencia Amenson joined the company in 2014 as director of human resources for the U.S. 

Erin Pedigo
Wed, 08/26/2015 - 09:10