Exploration & Production - News

Total Says CFO Patrick de La Chevardière To Retire

Patrick de la Chevardière has been Total CFO for the last 11 years and is reported to be succeeded by Jean-Pierre Sbraire, currently deputy CFO of the French oil and gas major.

January 25, 2019

Russia Seals Position As Top Crude Oil Supplier To China, Holds Off Saudi Arabia

Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.

January 25, 2019

‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game

At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.

January 25, 2019

US Oil Production To Surpass Russia, Saudi Arabia Combined In 2025

The growth in U.S. liquids production will be driven by major shale basins such as the Permian Basin in parts of Texas and New Mexico, a Rystad Energy report said.

January 24, 2019

Texas’ Strong Oil, Gas Recovery Interrupted At Year-End 2018

The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last two months of the year.

January 24, 2019

Italy's Eni Monitoring Venezuela Situation ‘Very Carefully’

Italian oil and gas group Eni is monitoring the situation in Venezuela very carefully but its production in the country for now is unaffected, a spokesman said on Jan. 24.

January 24, 2019

Premier Oil’s Offshore Mexico Well Shows More Potential For Oil

Premier Oil’s second appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a huge discovery.

January 24, 2019

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

January 24, 2019

Colorado Oil And Gas Mineral Rights Law Challenged By Activist Group

The lawsuit is the latest effort by environmental activists to tighten drilling regulations in Colorado, which is the fifth largest oil-producing state in the U.S.

January 24, 2019

Russia Says Oil Price War With US Would Be Too Costly

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.

January 23, 2019

US Shale Oil Production To Rise To Record In February

The largest change is forecast in the Permian Basin of Texas and New Mexico, where oil production is expected to climb by 23,000 bbl/d to a record of about 3.85 million bbl/d in February.

January 22, 2019

Marketed: Stroud Exploration East Texas Cotton Valley Asset

Stroud Exploration has retained PetroDivest Advisors to sell its East Texas Cotton Valley mostly HBP assets in Rusk County, Texas.

January 22, 2019