Exploration & Production
Suncor Energy Inc. (NYSE: SU), Canada’s second-largest energy producer, said on Dec. 14 it expects average upstream production to rise 10% in 2019, even after implementing Alberta’s mandated output cuts.
Pioneer Natural Resources CEO Timothy Dove said the buyback plan was consistent with the priorities of the Permian Basin-focused company's 10-year plan.
Charlie Shufeldt, IOG Capital managing director who helped co-found the Dallas-based investment firm after spending the first part of his career at large investment institutions, is today’s Forty Under 40 honoree.
Existing infrastructure, falling costs, standardization and exploration prospects are among the attributes that keep the U.S. Gulf of Mexico on Hess’ radar.
Plus, Australia finally tops world LNG stage, a new offshore exploration lawsuit emerges in the U.S. and 25 Influential Women in Energy announced.
Riviera Resources, which formed this year through a spinoff from Linn Energy, said it agreed to sell its roughly 37,000 net-acre position in the Arkoma Basin.
The global oil market could move into deficit sooner than expected, thanks to OPEC’s output agreement with Russia and others and to Canada’s decision to cut supply, the International Energy Agency said on Dec. 13
Rep. Bob Goodlatte, outgoing chair of the House of Representatives Judiciary Committee, pressed the Justice Department’s Makan Delrahim on Dec. 12 to support legislation that would make it easier for the U.S. government to sue to stop OPEC members from pushing up oil prices.
The Nigerian government filed a $1.1 billion lawsuit against Shell and Eni in a commercial court in London on Dec. 13 in relation to a 2011 oilfield deal involving block OPL 245.
Chrysaor has signed up investment banks Jefferies and BMO for the discussions as a deadline for the bids for Chevron's British North Sea oil and gas fields approaches, the four sources said.