Exploration & Production - News

Marketed: Zarvona Energy New Mexico Producing Properties In Lea County

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.

November 20, 2018

Flat Creek Resources Secures EnCap Backing To Pursue Permian Strategy

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.

November 20, 2018

Oil Markets Heading Into Unprecedented Uncertainty: IEA's Birol

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.

November 20, 2018

Equinor Exec: Permian Basin, Norwegian Shelf Assets Too Expensive

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.

November 20, 2018

Marketed: West Texas Producing Properties In Glasscock County

US Oil & Gas Holdings retained Oil & Gas Asset Clearinghouse to sell producing properties within the Permian Basin in West Texas through an auction.

November 20, 2018

Warburg Pincus Seeks $2.5 Billion Fund For New Energy Investments, Sources Say

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.

November 19, 2018

Israel's Delek Drilling Looks Abroad To Spin Off Tamar Stake In 2019

CEO Yossi Abu said Delek Drilling is now focusing abroad, including the Euronext market, since the local market is already saturated for Tamar.

November 19, 2018

ConocoPhillips Reportedly In Talks To Sell North Sea Assets For $3 Billion

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.

November 19, 2018

Rouhani Says Iran To Continue Oil Exports, Resist ‘US Economic War’

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. 

November 19, 2018

IEA's Birol Appeals For 'Common Sense' As Oil Producers Weigh Supply Cut

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.”

November 19, 2018

US Gulf Coast Crude Imports Fall To 1-Year Low As Exports Surge

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.

November 16, 2018

Oil Heads For Week Of Losses Despite Talk Of Supply Cut

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.

November 16, 2018

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