Companies - News

SandPoint Resources Forms With Equity Commitment From Carnelian

SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.

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Occidental Decides Not To Pursue Contract Extension For Project Offshore Qatar

Occidental Petroleum Corp. (NYSE:OXY) said on Oct. 15 it will not pursue an extension for the Idd El-Sharghi North Dome (ISND) Field offshore Qatar, which is set to expire in October 2019, the company said in a news release.

October 15, 2018

US GoM Oil Production Drops By 32% Due To Hurricane Michael

As of the morning of Oct. 12, nine platforms were still unoccupied, BSEE said in a daily update, down from 89 platforms on Oct. 10.

October 12, 2018

EOG Warns Hedges Will Hurt Third-Quarter Results

EOG Resources warned of a non-cash loss of $52.1 million in the third quarter on commodity derivative contracts in a filing with the U.S. Securities and Exchange Commission.

October 10, 2018

Chevron Becomes First Oil Major To Exit Norway

According to a letter obtained by Reuters, Chevron has agreed to transfer its 20% stake in an exploration license in the Arctic, called PL859, to Norway's DNO ASA.

October 10, 2018

Exxon Mobil Donates $1 Million To Climate Group Promoting US Carbon Tax

Exxon Mobil, the world's largest publicly traded oil company, has supported a carbon tax in the past and has stepped up efforts to reduce greenhouse gas emissions in its operations.

October 10, 2018

Exxon Mobil, BP Pull Staff From GoM Ahead Of Hurricane Michael

Hess, Shell and Anadarko Petroleum said they were monitoring the storm and would take actions in the Gulf of Mexico as needed.

October 8, 2018

LongPoint Minerals II Launches With Nearly $850 Million Capital Raise

LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.

October 3, 2018

Falcon Minerals Names Stephen Pilatzke As Chief Accounting Officer

Stephen J. Pilatzke joins Falcon Minerals, an oil and gas minerals company focused on the Eagle Ford Shale, from Lightfoot Capital Partners.

October 3, 2018

Exxon Mobil Reportedly Exploring Sale Of GoM Assets

Exxon Mobil is considering selling deepwater assets in the GoM that currently produce about 50,000 barrels per day of oil, unnamed sources told Reuters.

October 3, 2018

Energy Firms Pour $20 Million Into Defeating Colorado Drilling Curbs

Colorado, the sixth largest and one of the fastest growing U.S. oil-producing states, votes Nov. 6 on a citizens’petition that would require new wells be at least 762 m (2,500 ft) from homes, schools and parks.

October 2, 2018

Intrepid Launches New A&D Team Led By Energy Industry Vet

Antonio “Tony” Fernandez will lead Intrepid’s newly formed A&D team as managing director. He joins Intrepid from JP Morgan, where he most recently served as a senior A&D banker.

October 1, 2018