Exploration & Production - News
The company discovered two new oil fields, Sakab and Zumul, and a gas reservoir in the Sahba Field, Aramco said in the report.
Oil prices rose on Friday but were heading for yet another weekly decline as concerns intensified that trade disputes and slowing global economic growth could hit demand for petroleum products.
PGP Holdings 1 retained Meagher Energy Advisors to sell Midcontinent Basin and Texas Panhandle nonoperated production and leasehold.
EnerVest Energy has engaged TenOaks Energy Advisors for the sale of certain operated assets in the San Juan Basin in San Juan and Rio Arriba counties, N.M.
Wexpro retained EnergyNet for the sale of certain oil and gas properties and related assets located in the South Moxa Arch in Wyoming.
Australia’s Woodside Petroleum Ltd. said on Aug. 15 that its first-half net profit rose 6% and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.
As a result, W&T Offshore appointed Janet Yang, currently vice president of corporate and business development of the Houston-based E&P, as acting CFO.
Oil prices jumped on Aug. 14 after Saudi Arabia said it cut production, adding to concerns over global supply as U.S. sanctions against Iran curb its exports, though the prospect of a slowdown in global economic growth kept a lid on markets.
ExxonMobil Namibia, an affiliate of Exxon Mobil Corp., has entered an agreement with Namibian explorer Azinam Ltd. to acquire a 30% interest in petroleum exploration license (PEL) 44 offshore Namibia, according to a news release.
The acquisition included Apache’s 35% working interest in the Seagull development and a 50% working interest in the Isabella prospect, both operated by Apache North Sea.
An undisclosed company retained Meagher Energy Advisors to sell Midcontinent minerals spanning five core areas of development in Oklahoma.
Centennial Resource Production retained EnergyNet to sell Permian Basin assets in Lea County, N.M., through a sealed-bid offering.