Exploration & Production - News

US Will Not Issue Drilling Waivers To Russia Sanctions

The U.S. and EU imposed economic sanctions on Russia over its annexation of the Crimea region in 2014 and role in the conflict in eastern Ukraine.


Marketed: Operated, Producing Granite Wash Wells, Texas Panhandle

Corlena Oil is offering operated Granite Wash assets in the Texas Panhandle in Roberts County through a sale handled by EnergyNet.


Report: Canada Will Delay Implementing New Methane Rules Until 2020

The amended time line was a result of discussions between the government and stakeholders and will be incorporated into the proposed regulations expected to be announced at the end of April, CBC News reported.


Chevron Loses Australian Tax Appeal In Landmark Case

Chevron said it was disappointed by the judgment in the case, which covers the five tax years from 2004 through 2008.


BP Reportedly Might Sell Canadian Oil Sands Assets

BP is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of its strategy of retreating from noncore businesses.


California Resources Lands More Funding With $300 Million JV

California Resources is looking to accelerate the development of its "vast resource basin" in the Golden State with a partnership with Macquarie worth up to $300 million.


UAE's TAQA Considers Sale Of North American Oil, Gas Assets

TAQA’s North American oil and gas business is based in Calgary with some of its properties in its South Area extending into Montana, North Dakota and Wyoming in the U.S.


EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells

The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.


Report: White House Meeting On Paris Climate Agreement Postponed

The White House has said it would take a position on the agreement before a summit of the Group of Seven wealthy nations is held in late May, Reuters reported.


Energy XXI Names Douglas Brooks As CEO, President

Brooks has more than 34 years of experience in the energy industry, most recently as CEO for Yates Petroleum which merged with EOG Resources in October.


EIA: US Shale Output Seen Rising Most In More Than Two Years

U.S. shale production in May was set for its biggest monthly increase in more than two years as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel.


Update: BP Says Leaking Alaska North Slope Well Under Control

BP said April 17 workers on Alaska's North Slope had brought under control a company-operated well that spewed oil and gas over the weekend.