Exploration & Production - News
Petroflow Energy Corp. has retained Stephens Inc. as its exclusive advisor in connection with the sale of its Central Oklahoma and West Texas assets.
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 rose above $75 per barrel on April 24 to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran.
Dave Pursell, who recently joined Apache in early 2018, will take over the company's corporate reservoir engineering department.
Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.
Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March 2015, Baker Hughes, a GE company, said in its weekly report.
The pact runs until the end of this year, and an OPEC meeting in June in Vienna will see participants decide their next course of action.
ERG Resources retained Houlihan Lokey to sell oil and gas properties in the Cat Canyon and Casmalia oil fields within the Santa Maria Basin in Santa Barbara County, Calif.
Development on the blocks offshore Angola had been complicated by a dispute between Sonangol and Cobalt, which until recently was the operator of the blocks and owned a 40% stake in them.
Oklahoma regulators on April 19 directed privately-held Choate Disposal Services to halt injections into a well in the Arbuckle Formation following a cluster of quakes.
A Summit Petroleum affiliate retained EnergyNet to sell operated working interests in 14 wells plus HBP leasehold acreage located in the Permian Basin.
Republican Senator Lisa Murkowski said in a joint statement with Alaska's other lawmakers that the drilling would "help ensure the energy and economic security of our nation."