Exploration & Production - News

Saudi Aramco Remains Committed To Meeting Future Oil Demand

The company discovered two new oil fields, Sakab and Zumul, and a gas reservoir in the Sahba Field, Aramco said in the report.

August 17, 2018

Oil Heads For Weekly Loss On Concerns Over Trade

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.

August 17, 2018

Marketed: Midcontinent, Texas Panhandle Nonop Assets

PGP Holdings 1 retained Meagher Energy Advisors to sell Midcontinent Basin and Texas Panhandle nonoperated production and leasehold.

August 16, 2018

Marketed: EnerVest San Juan Basin Asset

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.

August 16, 2018

Marketed: Wyoming’s South Moxa Arch, Wexpro

Wexpro retained EnergyNet for the sale of certain oil and gas properties and related assets located in the South Moxa Arch in Wyoming.

August 16, 2018

Woodside Petroleum Half-Year Profit Rises

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.

August 15, 2018

W&T Offshore CFO J. Daniel Gibbons Retires

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.

August 14, 2018

Oil Rises On Concern Over Saudi, Iranian Supply

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.

August 14, 2018

Exxon Mobil Acquires Stake In Block Offshore Namibia

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.

August 14, 2018

Neptune To Acquire UK Central North Sea Assets From Apache

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.

August 13, 2018

Marketed: Midcontinent Mineral Opportunity In Oklahoma

An undisclosed company retained Meagher Energy Advisors to sell Midcontinent minerals spanning five core areas of development in Oklahoma.

August 13, 2018

Marketed: Centennial HBP Permian Leasehold, Assets

Centennial Resource Production retained EnergyNet to sell Permian Basin assets in Lea County, N.M., through a sealed-bid offering.

August 10, 2018