Contango Oil & Gas agreed to pay $58 million in cash for the acquisition of PDP heavy reserves located in in the Big Horn, Permian and Powder River basins made via a bank-owned liquidation of assets.
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Saudi Aramco is deploying sustainable measures to develop the full potential of the massive gas reserves of the Jafurah field in eastern Saudi Arabia.
A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.
OPEC, Russia and allies, a group known as OPEC+, had previously been expected to extend existing oil cuts of 7.7 million bbl/d, or 8% of global supplies, until at least March.
After consultations on Nov. 29 failed to reach agreement, sources said Russia suggested a possibility for OPEC+ to start increasing output by 500,000 bbl/d each month from January.
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Nov. 29 and ahead of crucial meetings on Nov. 30 and Dec. 1, four OPEC+ sources told Reuters.
Pioneer Natural Resources Co. set targets to reduce its greenhouse gas and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals.
ConocoPhillips Co., the largest U.S. independent oil producer, said on Dec. 1 that it would lay off up to 500 Houston employees, about a fifth of its headquarters workforce.
Double Eagle intends to use the net proceeds from the private placement of $650 million senior notes to fully repay both its term loan and amounts outstanding under its revolving credit facility.
With a focus on capital management in the oil and gas industry, producers and service providers will have to work together to create workflow efficiency.
Solaris Oilfield Infrastructure Inc. revealed on Dec. 2 a collaboration with Amazon Web Services Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features.
This is the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet.
Halliburton and Accenture have teamed on Dec. 2 to accelerate Halliburton’s digital supply chain transformation and support digitalization within the company’s manufacturing function.
Recent oil and gas finds in the Caribbean Sea—Guyana, Suriname, and Trinidad and Tobago—are encouraging producers to expand the exploration and development area in the region.
BP and Delek Group-owned Ithaca Energy have started oil and gas production at the Vorlich field in Britain's central North Sea, the companies said on Thursday.
U.S. energy firms added oil and natural gas rigs this week, boosting the oil count for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June.
Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.
The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.
Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.
Here’s a quicklist of oil and gas assets on the market including multiple Ascent Resources packages in the core of the Utica Shale in Ohio plus royalty acreage operated by Endeavor Energy Resources in the Permian Basin.
In conjunction with the all-equity merger of the two companies majority controlled by EIG Global Energy Partners, FourPoint Energy became a subsidiary of Maverick Natural Resources and was renamed Unbridled Resources.
A roundtable of oil and gas experts from Range Resources, Quantum Energy Partners and Babst Calland offered insights on why ESG dialogue is central to investment dollars during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
Coal, oil and gas output by 2030 will double what is needed to slow global warming.
Confirmations return the commission to its full complement for the first time in two years.
Sempra will combine IEnova with Sempra LNG.
U.S. LNG developer Tellurian Inc. told federal energy regulators on Dec. 1 it wants to withdraw its application to build the Permian Global Access natural gas pipeline.
Humble Midstream is a Denver-based independent energy company led by CEO Steve Huckaby, a 38-year industry veteran who most recently served as CEO of Meritage Midstream.