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Macquarie Capital Taps Chris Rutherford For Upstream Managing Director Job

Chris Rutherford, who joins Macquarie Capital from UBS, will be based in Houston and lead the firm’s upstream coverage across M&A, debt and equity capital raisings.

Earnings

Australia Gas Producer Santos Posts Record Profit

Santos CEO Kevin Gallagher said the Quadrant acquisition, combined with organic reserves additions, contributed to strong reserves growth in 2018.

Private Equity

North Sea Producer Verus Petroleum Reportedly Up For Sale

The sale process for Verus Petroleum is being run by investment bank Jefferies and could fetch $500 million, according to the sources in a Reuters report.

Public Capital

Ophir Energy Investor Demands Alternatives To Medco Takeover Offer

Ophir Energy investor, Petrus Advisers, called for alternatives to Medco's takeover offer that guarantees at least $100 million in tax-efficient distributions to investors.

Unconventional

Shell, PetroChina Spat Holds Up Biggest Australian Coal Seam Gas Project

Shell, PetroChina Spat Holds Up Biggest Australian Coal Seam Gas Project

Natural Gas

Equinor: Natural Gas Contributes To Low Carbon Future

The Norwegian-based company said it sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030.

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More from Markets

Oil Prices Hit Three-Month High On Trade Deal Optimism

Oil prices jumped to a three-month high as hopes for a U.S.-China trade deal added to the optimism sparked by news that Saudi Arabia was cutting production more aggressively than expected.

Indonesia's Major New Gas Find May Delay Arrival Of Output Deficit

If the new find at the group's Kali Berau Dalam-2 well shows good results, Indonesia may be able to push back the current estimate for when it has a natural gas deficit, or when consumption is greater than domestic supply, from 2025.

Oil Dips After Forecast For Record US Shale Output

Crude oil futures eased on Feb. 20 in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs.

EIA: US Shale Oil Production To Hit Record In March

Production increases in the Permian Basin, the biggest oil patch in the U.S., and the Bakken has led overall output increases in the country over the past year, the EIA says.

More from Business

Eagle Ford Shale Producer Sanchez Energy Delisted From NYSE

Operational challenges within the past year led Eagle Ford shale producer Sanchez Energy to explore strategic alternatives by early December.

BASF's Oil JV Wintershall DEA To Slash Almost One In Four Jobs

About 800 of the job cuts will be in Germany and about 200 in Norway, it added.

Macquarie Capital Taps Chris Rutherford For Upstream Managing Director Job

Chris Rutherford, who joins Macquarie Capital from UBS, will be based in Houston and lead the firm’s upstream coverage across M&A, debt and equity capital raisings.

Australia Gas Producer Santos Posts Record Profit

Santos CEO Kevin Gallagher said the Quadrant acquisition, combined with organic reserves additions, contributed to strong reserves growth in 2018.

More from Technology

Schlumberger Looks To Unlock Shareholder Value With Rockwell JV

Schlumberger is teaming up with Rockwell to form the first fully integrated digital oilfield automation solutions provider in a new joint venture named Sensia.

Halliburton Breaks Ground On Saudi Arabia’s First Oilfield Specialty Chemical Manufacturing Reaction Facility

Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to help customers achieve production and reliability goals in applications from the reservoir to the refinery.

Frac Sand Supplier U.S. Silica Posts Smaller-Than-Expected Loss

U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.

HART ENERGY CONNECT: QEP On Tank-Style Completions

QEP Resources’ Jill Thompson and Nick Franciose say the company’s “tank-style” completions eliminate frac hit pitfalls.

More from Exploration & Production

HART ENERGY CONNECT: DUG Haynesville: Growing Value, BPX Energy Selling Assets

Nissa Darbonne, editor-at-large for Oil and Gas Investor shares her take on the DUG Haynesville Conference and Exhibition in Shreveport, Louisiana. 

Shell, PetroChina Spat Holds Up Biggest Australian Coal Seam Gas Project

Shell, PetroChina Spat Holds Up Biggest Australian Coal Seam Gas Project

HART ENERGY CONNECT: DUG Haynesville: Growing Value, BPX Energy Selling Assets

Nissa Darbonne, editor-at-large for Oil and Gas Investor shares her take on the DUG Haynesville Conference and Exhibition in Shreveport, Louisiana. 

Update: Haynesville’s Economics, LNG Exports Lead To Renaissance

Speakers at Hart Energy’s DUG Haynesville tout the region’s proximity to terminals and low-cost gas as a springboard for companies in the play.

More from Transactions

QEP Resources Changes Course Following Terminated Bakken Sale

QEP Resources launched a comprehensive review of strategic alternatives on Feb. 20, which the Denver-based company said could include a sale to activist investor Elliott Management Corp.

North Sea Producer Verus Petroleum Reportedly Up For Sale

The sale process for Verus Petroleum is being run by investment bank Jefferies and could fetch $500 million, according to the sources in a Reuters report.

Ophir Energy Investor Demands Alternatives To Medco Takeover Offer

Ophir Energy investor, Petrus Advisers, called for alternatives to Medco's takeover offer that guarantees at least $100 million in tax-efficient distributions to investors.

QEP Resources Changes Course Following Terminated Bakken Sale

QEP Resources launched a comprehensive review of strategic alternatives on Feb. 20, which the Denver-based company said could include a sale to activist investor Elliott Management Corp.

More from Policy & Regulations

Here’s A Deal That Will Cost Plenty of Green

One tenet of the non-binding resolution calls for a zero-carbon economy by 2030, eventually leading to the dismantlement of the oil and gas industry while gradually phasing out nuclear power.

Opinion: Social Media, The DAPL Grapple And Why This Fight Ain’t Over

Energy Transfer played by the rules, built its pipeline and still emerged as the poster child for oil and gas industry villainy. What’s the lesson here?

Kenya Summons Its Ambassador To Somalia As Territorial Row Escalates

Kenya said it had raised concerns with the Somali government a day before the auction after it noticed blocks in what it considers to be its maritime territory were included in the auction.

Despite Sanctions, Iran's Oil Exports Rise In Early 2019: Sources

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from U.S. sanctions.

More from Transport

Targa Resources Agrees To Sell Stake In Bakken Assets For $1.6 Billion

Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.

TransCanada Restarts Shut Portion Of Keystone Oil Pipeline

Line had been shut after leak of 43 barrels of crude.

Targa Resources Agrees To Sell Stake In Bakken Assets For $1.6 Billion

Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.

Enbridge Quarterly Profit Beats Estimates On Higher Crude Shipments

Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d.