Exploration & Production - News

Pioneer Natural Resources Eyes Gain On Oil And Gas Hedges

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.

January 30, 2019

Ophir Energy Agrees To $511 Million Takeover Offer By Medco

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.

January 30, 2019

Libya's El Sharara Oilfield Won't Reopen Until Occupiers Leave -NOC

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.

January 29, 2019

Total Plans Biggest Exploration Drive In Years

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.

January 29, 2019

EOG Resources Sees Fourth-Quarter Profit Boost From Hedging

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.

January 29, 2019

SandRidge Energy Names Industry Vet Paul McKinney As CEO

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.

January 28, 2019

Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf

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.

January 28, 2019

Report: Russia's Novatek Head Sees LNG From US As Chief Threat

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.

January 28, 2019

Marketed: Overland Oil & Gas Bakken/Three Forks Producing Minerals

Affiliates of Overland Oil & Gas retained EnergyNet for the sale of two packages of Bakken and Three Forks assets in Mountrail County, North Dakota.

January 28, 2019

Venezuelan Oil Exports To US Still A Primary Source Of Cash

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.

January 28, 2019

Medco Energi's Deadline For Ophir Takeover Extended

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.

January 28, 2019

Edison's Oil Assets Reportedly Attracting Bids From Neptune Energy, DEA

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.

January 28, 2019

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