Exploration & Production - News
Husky Energy said the potential sale is being undertaken independent of the outcome of the Calgary, Alberta-based company's proposed acquisition of rival MEG Energy.
Norwegian oil company DNO raised its bid for Britain's Faroe Petroleum after its hostile bid in November as inadequate and "opportunistic."
Lincoln Energy Partners retained Eagle River Energy Advisors to divest or solicit a joint venture partner for its operated working interest assets located in the Williston Basin of Dunn County, N.D.
Venezuelan state oil firm PDVSA has signed a deal with little-known U.S. energy firm Erepla, partly owned by a prominent Florida Republican, to help increase the socialist-run country’s plummeting crude oil output, the company said.
Royale Energy appointed Johnny Jordan as the Californian oil and gas producer’s next CEO, succeeding Rod Eson who decided to step down to “focus attention on personal business matters.”
Oil and gas producer Occidental Petroleum expects to spend $4.4 billion to $5.3 billion this year, depending on the price of crude oil with the highest scenario using $60 WTI.
Alta Mesa Resources named John C. Regan, a former executive of Vine Oil and Gas LP and Quicksilver Resources Inc., as the pure-play Stack company’s next CFO.
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.
Oil and gas employment in the Lone Star State fell by 500 jobs in November compared to October, which the Texas Oil & Gas Association said ended a 23-month long consecutive growth.
The Supreme Court's action marked the latest setback for Exxon Mobil in its efforts to halt the Massachusetts investigation and a similar one by New York's attorney general.
Libya aims to more than double its oil production to 2.1 million barrels per day (MMbbl/d) by 2021 provided security and stability are strengthened in the conflict-stricken country, the chairman of state oil company NOC said on Jan. 6 in Benghazi.
The partial government shutdown is increasing the chances of delays in U.S. energy initiatives including public meetings related to what is slated as to be the largest U.S. offshore wind farm.