Exploration & Production

Suncor Energy Expects 2019 Upstream Production To Rise By 10%

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.

Dec 14 2018 - 8:00am

Pioneer Natural Resources To Buy Back $2 Billion Of Shares

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.

Dec 13 2018 - 7:15pm

Forty Under 40: Charlie Shufeldt, IOG Capital

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.

Dec 14 2018 - 8:00am

Hess Sees ‘Running Room’ In Gulf Of Mexico

Existing infrastructure, falling costs, standardization and exploration prospects are among the attributes that keep the U.S. Gulf of Mexico on Hess’ radar.

Dec 13 2018 - 1:00pm

HEADLINES: US Production, Export Milestones; Hess, COP To Up Oil Output 

Plus, Australia finally tops world LNG stage, a new offshore exploration lawsuit emerges in the U.S. and 25 Influential Women in Energy announced.

Dec 13 2018 - 12:33pm

Linn Spinoff Riviera Resources Sells Arkoma Basin Assets

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.

Dec 13 2018 - 10:30am

IEA Sees Global Oil Supply Tightening More Quickly In 2019

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

Dec 13 2018 - 8:59am

Rep. Goodlatte Presses Administration To Support Anti-OPEC Legislation

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.

Dec 13 2018 - 8:51am

Nigeria Files $1.1 Billion Lawsuit Against Shell, Eni Over Oilfield Deal

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.

Dec 13 2018 - 7:55am

Chrysaor Sets Sights On Chevron's North Sea Assets, Sources Say

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.

Dec 13 2018 - 7:50am