Exploration & Production - News

US Oil Drillers Cut Rigs For First Week In Three

Despite U.S. oil drillers cutting eight rigs in the week to Jan. 4, according to Baker Hughes, the rig count in the United States is still much higher than a year ago.

January 4, 2019

OPEC Sends Fewest Oil Cargoes To US In At Least Five Years

OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show.

January 4, 2019

Concho Resources COO Will Giraud Steps In; Brenda Schroer Named CFO

Concho Resources, which announced a slew of leadership changes on Jan. 3, promoted Brenda Schroer to CFO and Will Giraud as COO following the retirement of Joe Wright.

January 4, 2019

Taliban Threaten Oil Fields In Northern Afghanistan

Taliban fighters are threatening major oil wells near the northern Afghan city of Sar-e Pul following days of fighting in which dozens of members of the security forces have been killed and wounded, officials and residents said on Jan 4.

January 4, 2019

DNO Adds To Faroe Petroleum Stake In Hostile Takeover Saga

DNO's combined ownership and bid acceptances now stands at 43.8%, up from about 43% but still short of a controlling stake in British independent oil and gas company Faroe Petroleum.

January 4, 2019

US Energy Executives' Outlook Sours For First Time Since 2016

U.S. oil and gas executives' outlook turned negative with than half of the executives expecting lower capital spending in 2019, according to a survey by the Federal Reserve Bank of Dallas.

January 3, 2019

Eni To Boost Alaska Production Following Offshore Acquisition

Eni agreed to acquire 70% working interest plus operatorship in the Oooguruk oil field in the Beaufort Sea located off Alaska’s North Slope coast from an affiliate of Caelus Energy.

January 3, 2019

Libya's Closed Sharara Oilfield Losing 8,500 Barrels Per Day To Looting -NOC

Libya's closed Sharara oilfield is expected to lose 8,500 barrels per day (bbl/d) to looting, state oil company NOC said Jan. 3.

January 3, 2019

DNO Requires Fewer Faroe Shareholders To Back Takeover Bid

DNO had previously required the backing of 57.5% of Faroe shareholders for the takeover offer, but that fell to 50% after DNO lifted its stake in the U.K. company slightly on Jan. 3.

January 3, 2019

Medco Energi's Potential Deal With Ophir Seen As Diversification Play

Medco confirmed this week that it was in talks with Ophir about a possible cash offer for the oil and gas exploration and production company currently based in Britain.

January 3, 2019

Ring Energy Adds ‘Core-Of-The-Core’ To Permian Central Basin Platform Position

The acquisition, which Ring Energy said closed on Dec. 26, consists of 4,763 net acres in Andrews County, Texas, in the Permian’s Central Basin Platform from a Carlyle Group subsidiary.

December 28, 2018

Shell Completes New Zealand Exit With $578 Million Sale To OMV

The sale to OMV, which is part of Shell’s three-year program to dispose of $30 billion by the end of 2018, included the company’s Māui, Pohokura and Tank Farm assets in New Zealand.

December 28, 2018

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