Pure Acquisition, led by Jack D. Hightower, is the latest blank-check company to emerge with an industry veteran at its helm.
John Howie, senior vice president of upstream for Tellurian, recently sat down with Hart Energy's Jessica Morales to discuss the company's business model and plans for future acquisitions.
The turnaround of Breitburn, which encountered many hurdles during its two-year Chapter 11 bankruptcy, indicates ‘better times in the energy industry.’
The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.
A&D - E&P
Everyone in oil and gas is talking Big Data, but is anyone doing anything about it?
Petroflow Energy Corp. has retained Stephens Inc. as its exclusive advisor in connection with the sale of its Central Oklahoma and West Texas assets.
Crude production in the country has dropped to less than half its level in 1998.
Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.
Oil prices rallied on the EIA inventories report, with U.S. West Texas Intermediate crude futures hitting a high of $68.45/bbl, the highest since December 2014.
The Trans Mountain expansion issue has pitted Ottawa against British Columbia.
U.S. shale oil production is expected to increase in May for the fourth consecutive month, boosted by record production in the prolific Permian Basin of West Texas and New Mexico.
Oil recovered some ground on April 16, but prices were still down on the day as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
Salt Creek will primarily be comprised of multiple cryogenic processing facilities, as well as gas and crude gathering pipelines, compression and treating facilities in the Delaware.
Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.
The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.
Dallas Cowboys owner Jerry Jones will invest $75 million in Comstock, but analysts throw down a penalty flag on Comstock’s Eagle Ford Shale divestiture and dilutive refinancing efforts.
Mergers & Acquisitions
Subsea 7 said in a statement on April 23 its bid proposal was subject to the termination of McDermott's pending transaction with CB&I.
Spartan, which is a southeast Saskatchewan oil and gas producer, has annual production of about 23,000 barrels of oil equivalent per day.
ZZ Capital has missed two deadlines to close $800 million purchase.
Brazos’ sale of midstream assets in the Delaware Basin reflects how the play is heating up.
Phillips 66 Partners said April 24 it has received sufficient binding commitments on an initial open season to proceed with construction of the Gray Oak Pipeline system.
Shares of Canadian pipeline operator Enbridge Inc. dropped more than 4% on April 24 after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.
Liquefied natural gas (LNG) company Cheniere Energy Inc. said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018.
CAPP’s latest economic study tells why Canada’s oil and gas industry is at risk for missing out on the opportunities from growing demand as the world’s population—particularly in Asia— increases.
Service & Supply
U.S. engineering firm McDermott’s US$2.26 billion term loan fell in the secondary loan market on April 24 after a US$2 billion unsolicited bid from offshore oil services firm Subsea 7 threatened to break up McDermott’s agreed bid for onshore engineering firm Chicago Bridge & Iron (CB&I).
Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.
Halliburton posts a 34% increase over the same period last year. The company has delivered the highest returns in the industry for the last five quarters, its CEO said.