Exploration & Production - News
U.S. shale producer Pioneer Natural Resources anticipates a non-cash gain of $576 million on oil and gas hedging contracts for the fourth quarter, according to an SEC filing.
Ophir Energy agreed to be bought out by Indonesian oil and gas group Medco Energi for a sweetened bid of 390.6 million pounds (US$511.02 million) in cash.
Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Jan. 29, more than a month after the field closed because of a protest.
The French major aims to drill 23 wells this year, its senior vice president for exploration, Kevin McLachlan, told Reuters, in waters off Mauritania, Senegal, Namibia, South Africa, Guyana and Brazil.
EOG Resources anticipates a $132.1 million non-cash gain from oil and gas hedging contracts in the fourth quarter, according to a recent SEC filing by the shale producer.
Paul D. McKinney succeeds William M. Griffin, who took over as SandRidge Energy’s president and CEO last year after James Bennett was ousted in a victory for activist investor Carl Icahn.
Lundin Petroleum agreed to acquire Lime Petroleum’s entire Utsira High acreage position covering the Rolvsnes and Goddo basement area for roughly US$45 million.
Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.
Affiliates of Overland Oil & Gas retained EnergyNet for the sale of two packages of Bakken and Three Forks assets in Mountrail County, North Dakota.
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the U.S.to cut off that revenue would likely force it to send crude to China, India or other Asian countries.
Indonesian oil and gas group Medco Energi got an extension to Jan. 31 to make a firm takeover offer for Ophir Energy or walk away.
Neptune Energy and DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by Edison, Reuters reported citing industry sources.