Exploration & Production - News
Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.
Bone Spring Resources retained EnergyNet for the sale of a Delaware Basin opportunity in Lea County, N.M., through a sealed-bid offering.
Equinor’s acquisition of the 40% operated interest in Rosebank was initially announced in early October and came as Chevron was looking to shrink its presence in the North Sea.
Rock Ridge Exploration & Production retained EnergyNet for the sale of oil and gas assets in the Val Verde Basin in Edwards County, Texas.
Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.
California-based Royale Energy Inc. said its first well drilled as part of a joint venture (JV) with California Resources Production Corp. (CRPC) has hit natural gas in the Rio Vista Field.
Even as a partial shutdown halts the functions of many U.S. government departments, the Trump administration is continuing to push for the expansion of oil drilling in Arctic Alaska.
Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.
The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint.
Saudi Arabia's reserves of easily recoverable oil have long been the world's largest and despite almost 30 years of rising production have consistently remained around 261 billion barrels.
Chesapeake Energy also revealed that output growth from the Powder River Basin and Eagle Ford Shale has made up for the sale of its Utica assets.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.