Exploration & Production - News

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.