Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
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By establishing a good strategy for emissions management, oil and gas operators can bring an end to the never-ending chase of identifying and fixing leaky systems.
A conversation with three commercial bankers reveals that the RBL markets are “open for business,” but none of them are promising it’s going to be easy for oil and gas producers to get fast cash backed by reserves.
Analysts, banks cite a return to traffic congestion around the world.
Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.
Similar to its peers in the service sector, Basic Energy Services has made moves over the past several months to protect its balance sheet as oil and gas operators slam the brakes on activity.
Occidental Petroleum has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices.
PGS has successfully completed the acquisition of its East Shetland Basin 2020 survey and the first results will be available in August, the company said on May 27.
Petrofac’s engineering and production services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq crude oil export expansion project (ICOEEP) on May 28.
Acteon Group Ltd., a leading global provider of marine and seabed services to the renewable, infrastructure and oil and gas industries, said May 27 that Dr. Carl Trowell is to be appointed as group CEO, succeeding Richard Higham.
Companies of all sizes have been coping with lower oil prices caused by a supply-demand imbalance fueled by the global COVID-19 pandemic.
Experts say electrofacies could prove beneficial for oil companies considering vertically unbounded wells in the Permian Basin.
Some companies are deferring or canceling plans for wells amid the latest oil price crash, while gearing up for potential change due to a shift toward cleaner forms of energy.
EnerVest Energy Institutional Fund XIV-1A LP has retained Detring Energy Advisors to market for sale a 15% nonoperated position in its Nora Field assets located in Virginia and West Virginia.
Here’s a snapshot of recent energy deals including the closing of EQT’s $125 million asset sale in Appalachia to Diversified Gas & Oil.
US Mineral Exchange has been retained for the sale of Permian Basin royalties in Reeves County, Texas, operated by an affiliate of Diamondback Energy Inc.
A recent survey revealed the energy transition will likely be immune to COVID-19 as 92% of oil and gas executives reported already having or developing a strategy to reduce reliance on fossil fuels.
Chevron shareholders on May 27 voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities.
The meeting is seen as support for stabilizing oil markets.
The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.
Shaheen, Cruz consider broadening the scope of their sanctions legislation.
EagleClaw in 2018 acquired natural gas pipeline operator Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million.
Private equity firm KKR & Co. Inc. said in December that it and Alberta Investment Management Corp. would jointly buy the 65% Coastal GasLink stake from TC Energy.