Exploration & Production - News
U.S. shale firms are more profitable than ever after a strong third quarter and the change is evidence shale firms have moved to "harvest mode" and turned toward deal making.
Australia's competition watchdog, ACCC, said it will not oppose oil and gas firm Santos's $2.15 billion acquisition of Quadrant Energy.
Charles J. Rimer will join Whiting Petroleum to serve as its COO after working with Noble Energy since 2002, most recently as the company’s senior vice president of global services.
Vermilion Cliffs Partners retained EnergyNet to sell assets throughout the Permian Basin in West Texas that consist of three packages with total cash flow of over $2 million per month.
Suncor Energy CEO Steve Williams will step down in May 2019 with the company's COO, Mark Little, taking over the top job at that time.
French President Emmanuel Macron said he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down oil prices.
Bonanza Creek Energy hired Brant H. DeMuth to serve as its CFO. He will join the company from fellow Rockies producer SRC Energy.
EnCap Investments retained Detring Energy Advisors to sell mineral and royalty interests within the core of the dry gas Utica Shale play.
The total oil production from the seven major shale basins in the U.S. was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin, the EIA said.
Stroud Exploration and Castell Oil have retained PetroDivest Advisors to sell Powder River Basin assets in Campbell and Johnson counties, Wyo.
The IEA’s central scenario is for demand to grow by about 1 million barrels per day (MMbbl/d) on average every year to 2025, before settling at a steadier rate of 250,000 bbl/d to 2040 when it will peak at 106.3 MMbbl/d.
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, said asset manager BlackRock.