Exploration & Production - News
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.