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Seneca Resources Sells Appalachia Assets to IOG Resources
The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.
November 22, 2022
Big Oil Joins Farmers, Biofuel Groups to Tout More Ethanol in US Fuel
API’s support is a win for the biofuel and farm groups because the oil industry has at times resisted efforts to expand the market for ethanol.
November 22, 2022
UK Says Baker Hughes-Altus Deal May Hurt OFS Competition
The regulator said Baker Hughes and Altus have five working days to submit proposals to address its concerns, otherwise the watchdog will refer the deal to an in-depth Phase 2 probe.
November 22, 2022
Shell to ‘Evaluate’ 25 Billion-Pound British Investments after Windfall Tax
“We’re going to have to evaluate each project on a case-by-case basis,” said Shell’s U.K. country chair David Bunch told the Confederation of British Industry’s annual conference in Birmingham.
November 22, 2022
Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says
Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.
November 22, 2022
Equinor, Partners to Invest $1.44 Billion in Arctic Gas Field
The water depth of around 1,300 m (4,300 ft) makes Irpa, previously known as Asterix, one of the deepest finds to be developed offshore Norway and the country’s fourth producing petroleum field north of the Arctic circle.
November 22, 2022
UK Oil Sector Faces $24 Billion Bill to Plug Old Wells: Report
The cost burden for plugging wells and removing platforms, in what is known as decommissioning, is set to rise sharply over the next three to four years as more fields stop production, Offshore Energies UK (OEUK) warned in a report.
November 22, 2022
BP Praises Biden Climate Law While Expanding US Shale
The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”
November 22, 2022
Forty Under 40: Scott Gale, Halliburton Labs
Today's featured Forty Under 40 honoree is Scott Gale, who serves as executive director of external engagement at Halliburton Labs in Houston.
November 22, 2022
Texas Shale Producer Ranger Oil Explores Sale, Sources Say
Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
November 21, 2022