Exploration & Production - News

Occidental Petroleum Third-Quarter Earnings Tops Profit Estimates

Occidental Petroleum, which has been investing heavily to boost production in the Permian Basin, said output in the basin surged about 62% to 225,000 boe/d in the third quarter.

November 5, 2018

Serica Energy Boosts UK North Sea Footprint With BHP Acquisition

CEO Mitch Flegg said the closing of pending acquisitions with BHP, BP and Total will represent a “major transformation” for Serica in the U.K. North Sea.

November 5, 2018

Oil Steady As US Sanctions On Iran Begin, Tehran Defiant

Oil prices steadied on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while, as Tehran said it would defy Washington and continue to sell.

November 5, 2018

Israel Reveals New Oil, Gas Exploration Round In Eastern Med

Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Nov. 4, hoping to rebound from a disappointing bidding round a year ago.

November 5, 2018

Former RSP Permian CEO Steve Gray Joins Range Resources Board

Steve Gray, former CEO and founder of RSP Permian, has been appointed to serve on the board of directors at Marcellus Shale-focused Range Resources.

November 2, 2018

Chevron’s Profit Doubles As US Oil Production Jumps

Third-quarter oil and gas production rose 9% over a year earlier, and the company forecast total output for the full year would be up about 7% over 2017.

November 2, 2018

Gulfport Energy Appoints Donnie Moore Interim CEO As Michael G. Moore Steps Down

Gulfport Energy said Michael G. Moore stepped down as president and CEO of the Oklahoma City-based oil and gas company and will be replaced on an interim basis by COO Donnie Moore.

November 2, 2018

Blackbird Energy, Pipestone Oil Merge To Form Montney Pure-Play

Blackbird Energy and Pipestone Oil have agreed to merge, forming Pipestone Energy which is set to have the single largest land position in the Montney shale play in Alberta, Canada.

November 2, 2018

US Refiners Boost Processing Capacity To Accommodate Shale

As U.S. oil production rises - setting records in average daily output nearly every month this year - the companies that convert crude to diesel and gasoline are increasing their ability to consume more crude and generate higher profits.

November 2, 2018

Legacy Reserves Taps Dan Westcott As CEO Paul Horne’s Successor

Following Paul Horne’s retirement in March, Dan Westcott, currently president and CFO, will become Legacy’s next CEO. Meanwhile, COO Kyle M. Hammond will be adding the president role.

November 2, 2018

Park Energy Services Partners With Chesapeake Following Midcon Compression Acquisition

The partnership with Chesapeake Energy follows the acquisition by Park Energy Services of Midcon Compression, a division of Chesapeake, for an undisclosed amount.

November 2, 2018

Exxon Mobil’s Profit Tops Estimates But Production Falls

Oil production fell 3% to 3.8 million barrels of oil equivalent and natural gas output dropped 4%, the company said.

November 2, 2018

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