Companies - News

DNO's combined ownership and bid acceptances now stands at 43.8%, up from about 43% but still short of a controlling stake in British independent oil and gas company Faroe Petroleum.

Halliburton CEO and President Jeff Miller has assumed the role as board chairman from Dave Lesar, who retired as CEO in 2017 but had remained executive chairman.

The acquisition, which Ring Energy said closed on Dec. 26, consists of 4,763 net acres in Andrews County, Texas, in the Permian’s Central Basin Platform from a Carlyle Group subsidiary.

James Hackett has been named interim CEO at Alta Mesa and the leadership team of private equity portfolio advisory firm Meridian Energy will fill out the remaining C-Suite positions.

Though the startup of Shell's Prelude FLNG later and cost more than originally estimated, it is expected to further cement Australia's lead as the world's biggest LNG exporter.

Shale producer Centennial Resource Development joined rivals Diamondback Energy and Parsley Energy in canceling drilling rig additions next year.

The so-called WCC LNG export project in Canada’s British Columbia was expected to produce about 15 million tonnes per year of LNG, with plans for further expansion up to 30 million tonnes per year.

The area, spread over 183,353 acres and located off the coast of Atlantic City, has the potential to produce about 2,500 megawatts of offshore wind energy, EDF said in a statement.

U.S. and Norwegian oil majors Chevron (NYSE: CVX) and Equinor (NYSE: EQNR) have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.

Husky Energy has met all regulatory requirements for its full and fair offer to acquire MEG Energy Corp., including approval granted under the Investment Canada Act, the company said on Dec. 18.

Riley Exploration-Permian LLC on Dec. 17 announced compelling well results from the Brushy Bill well in the company’s Champions asset in Yoakum County, Texas in the San Andres formation of the Permian Basin.

British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Dec. 17.