Companies - Exclusives
Eclipse and Blue Ridge Mountain agreed to merge in an all-stock transaction. Plus, Rex Energy will be purchased by fellow Appalachia shale player PennEnergy Resources.
Hammerhead-1, which is located about 21 km (13 miles) southwest of the Liza-1 well, hit about 60 m (197 ft) of high-quality, oil-bearing sandstone reservoir, the company says.
Horseshoe, located south of the Pikka Unit Nanushuk development, could hold another 300 MMbbl or more, the company says.
Candidates in Colorado governor's race speak at COGA Energy Summit. Plains and Magellan will sell BridgeTex stake. Schlumberger finds a buyer for WesternGeco assets.
Khalid Al Falih, the Saudi energy minister, dismisses reports that Aramco’s IPO listing has been axed but says timing is flexible.
Mark Whitley, founder and CEO, discussed Permian infrastructure, cost control and future plans in the basin.
Christopher Abbate, Riverstone Holdings, talks private credit funds and alternative lending.
Midland-based Diamondback Energy has announced more than $10 billion in acquisitions in a week. Also, Exxon Mobil leads high bidders in U.S. Gulf of Mexico lease sale.
In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.
Some of the capital will go toward appraisal work for emerging plays across the Permian Basin and technologies, Oxy executives said.
Altus Midstream will open with a market value of $3.5 billion as it becomes a power player in the Permian Basin.
Diamondback Energy will add top-tier horizontal drilling locations across three zones in the Northern Midland Basin to its portfolio as part of the Ajax acquisition.