Exploration & Production - News

Marketed: Breitburn Permian Basin Operations In Eddy County, New Mexico

Breitburn Operating, a subsidiary of Maverick Natural Resources, retained EnergyNet for the sale of operations in the Permian Basin located in Eddy County, N.M.

December 28, 2018

New Mexico Oil Producers Brace For Tighter Regulation As Output Jumps

Incoming New Mexico governor and state land commissioner plan to limit new leasing on state lands where oil and gas drillers planned to tap freshwater aquifers.

December 27, 2018

Alta Mesa Resources CEO Hal Chappelle, COO Michael Ellis Resign

James Hackett has been named interim CEO at Alta Mesa and the leadership team of private equity portfolio advisory firm Meridian Energy will fill out the remaining C-Suite positions.

December 26, 2018

Exxon Mobil Continues Drilling Offshore Guyana Despite Venezuela Incident

A century-long border dispute with Venezuela has heated up in recent years as Exxon Mobil has discovered more than 5 billion barrels of oil and gas off Guyana's shores.

December 26, 2018

Shell Starts Production At World's Largest FLNG Platform

Though the startup of Shell's Prelude FLNG later and cost more than originally estimated, it is expected to further cement Australia's lead as the world's biggest LNG exporter.

December 26, 2018

Ghana's First Oil Exploration Licensing Round Attracts Global Majors

The applications include expressions of interest in competitive bidding for three blocks in the Western Basin and for direct negotiations regarding another two blocks offshore Ghana.

December 26, 2018

US Shale Producers Hit The Brakes On 2019 Spending

Shale producer Centennial Resource Development joined rivals Diamondback Energy and Parsley Energy in canceling drilling rig additions next year.

December 26, 2018

US Drillers Add Rigs Despite Sharp Decline In Oil Prices

U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in oil prices, according to Baker Hughes.

December 25, 2018

Nine States Seek To Stop Atlantic Seismic Testing

Attorneys general from nine U.S. states sued the Trump administration on Dec. 20 to stop future seismic tests for oil and gasdeposits off the East Coast.

December 21, 2018

US Set To Extend Sanctions Waiver For Iraq To Import Iranian Gas

The United States has reached an agreement in principle with Iraq to extend for 90 days an exemption to sanctions against Iran, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production.

December 21, 2018

BP Sanctions Africa’s Deepest Offshore LNG Project

The Tortue floating LNG facility will produce 2.5 million tonnes of LNG per year. The field holds total gas resources estimated at around 15 trillion cubic feet.

December 21, 2018

Petrobras Suspends New Oil E&P Divestments

The decision suspended an agreement between the company and the Brazilian government that helped shield the company from liability as it seeks to dispose of some $27 billion in assets in order to raise cash to pay its debts.

December 21, 2018