Exploration & Production - News

Husky Ends Hostile Takeover Bid For MEG Energy

Husky Energy said Jan. 17 it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders.

January 17, 2019

Talos Energy Hits Pay At Tornado In GoM

Drill to a total depth of 21,600 ft by the Noble Don Taylor rig, the well logged about 200 ft gross and 130 ft net of true vertical pay, the company said in an update given as part of its 2019 operating and financial guidance.

January 16, 2019

Marketed: Nonop Interest In Producing Michigan Wells

Orient Exploration retained EnergyNet to sell nonoperated working interest in four Michigan wells located in Washtenaw County through an auction.

January 16, 2019

US Interior Department To Recall Some Furloughed Workers For Gulf Oil Lease Work

The U.S. Interior Department intends to temporarily recall some workers furloughed by the partial federal government shutdown to prepare an upcoming Gulf of Mexico oil lease sale, using funds left over from last year, according to a department document.

January 16, 2019

Total Reportedly Seeking Exit From Dutch Upstream Assets

Total hired investment bank Jefferies in December to run the sale process of its offshore gas fields in the Netherlands that could raise up to $400 million, according to the sources.

January 16, 2019

BP Gives Up Some Acreage Offshore Nova Scotia, Extends License

The steps are being taken after BP drilled only one of the four wells it was required to drill within six years of the effective date of its exploration licenses for the land, the petroleum board said in a Jan. 15 news release.

January 15, 2019

EIA: US Oil Production To Rise To New Record In 2020

The U.S. has become the world's largest oil producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country's annual record set in 1970.

January 15, 2019

Microgrid Provides Power For Part Of Shell Technology Center In Houston

The microgrid, which incorporates solar photovoltaic panels, a natural gas reciprocating engine and an advanced battery storage system, was installed earlier this year.

January 15, 2019

Canadian Producer Crescent Point Cuts 2019 Budget On Oil Price Plunge

Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.

January 15, 2019

LLOG Gears Up To Bring More GoM Wells Online

LLOG said it plans to bring online four development wells from the Who Dat, Mandy and Red Zinger fields plus five wells from three new fields—Stonefly, Buckskin and Nearly Headless Nick—in 2019.

January 14, 2019

Marketed: Working Interest In Hilcorp-Operated Texas Asset

Antares Exploration retained EnergyNet to sell its working interest in the Keeland Gas Unit #1, operated by Hilcorp, located in Jefferson and Liberty counties, Texas.

January 14, 2019

UK Rejects Case For Relaxation Of Fracking Regulations-FT

Britain has rejected the case for a relaxation of fracking regulations despite warnings that the current system is “strangling” the industry, the Financial Times reported on Jan. 13.

January 14, 2019