Exploration & Production - News
Zarvona Energy retained Oil & Gas Asset Clearinghouse to sell producing properties within the Permian Basin in southeast New Mexico's Lea County through a sealed-bid offering.
Flat Creek Resources plans to use its $400 million initial commitment from EnCap Investments to build an attractive asset in the Permian Basin in West Texas and New Mexico.
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Nov. 20.
Oil and gas assets in the Permian Basin, the center of the U.S. shale industry, and on the Norwegian Continental Shelf are becoming too expensive, an executive of Norway's Equinor said.
US Oil & Gas Holdings retained Oil & Gas Asset Clearinghouse to sell producing properties within the Permian Basin in West Texas through an auction.
After making four energy investments in 2014, private-equity firm Warburg Pincus made three in 2015 before recovering to five in both 2016 and 2017.
CEO Yossi Abu said Delek Drilling is now focusing abroad, including the Euronext market, since the local market is already saturated for Tamar.
British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion, the Sunday Times newspaper reported.
Iran will continue to export oil despite U.S. sanctions, which Iranian President Hassan Rouhani said on Nov 19 are part of a psychological war doomed to failure.
Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency (IEA) said on Nov. 19, appealing to market players to use “common sense.”
U.S. Gulf Coast crude oil imports in October fell to the lowest level in more than a year as the nation's production and exports soared, data from Refinitiv Eikon and market intelligence firm Kpler show.
Oil rose on Nov. 16 on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.