Exploration & Production - News

BHP: Trion Appraisal Well Hits Oil In GoM

The Trion Field is in the Perdido Fold Belt area in the deepwater GoM.

January 22, 2019

Marketed: Dakota Land Anadarko Basin Mineral/Royalty Package

Dakota Land retained EnergyNet to sell producing mineral and royalty interests in a 32 producing wells located within the Anadarko Basin in Alfalfa and Garfield counties, Okla.

January 22, 2019

Energy Executives Expect To Boost Spending This Year

A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.

January 22, 2019

Update: EQT Gives 2019 Plan Against Backdrop Of Shareholder Challenge

Appalachia shale gas producer EQT, forecast 2019 capex in the range of $1.9 billion to $2 billion, which was lower than its forecast for the previous year. Story updated at 4:06 p.m. CST Jan. 22.

January 22, 2019

Marketed: Durand Energy Delaware Basin Mineral Position

Durand Energy Holdings has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain Delaware Basin minerals.

January 22, 2019

IEA: US Crude Gains, Slowing Global Economy Challenge Oil Market In 2019

U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC’s resolve to support the market with output cuts, the International Energy Agency said on Jan. 18.

January 18, 2019

Former US Commerce Secretary To Lead Partnership Helping Permian Basin Residents

Exxon Mobil, ConocoPhillips, Oxy, Pioneer Natural Resources and Shell are among the oil and gas firms that have joined the Permian Strategic Partnership.

January 17, 2019

Aker BP Promotes David Torvik Tønne To CFO

As a result, the company’s former CFO, Alexander Krane, is set to move to a position as investment director at Aker ASA, a Norwegian holding company that holds a 40% stake in Aker BP.

January 17, 2019

Gulfport Energy Pressured By Hedge Fund To Issue Share Buyback

Hedge fund Firefly Value Partners criticized how Gulfport Energy has allocated capital and complained that current board members may not be committed to pushing for improvements.

January 17, 2019

Canada's Oil Cuts Offer Lifeline To Producers But Create New Problems

The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.

January 17, 2019

East Timor Clears Rules For Sunrise Gas Project Takeover After Parliament Backing

Purchases of the Shell and ConocoPhillips holdings would give East Timor a majority stake in the project, along with remaining partners including Australia's Woodside Petroleum and Japan's Osaka Gas.

January 17, 2019

Before Start Of New Oil Pact, OPEC Made Progress Averting Glut

OPEC said on Jan. 17 it had cut oil output sharply in December before a new accord to limit supply took effect, suggesting producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.

January 17, 2019