Abdelghani
Henni
Exploration & Production
Algeria Amends Hydrocarbon Law To Attract Foreign Investors
The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?
Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.
Shell Leads US Gulf Faithful In Oil, Gas Lease Sale
The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.
Occidental Petroleum CEO Vicki Hollub Aims To Be ‘Carbon Neutral’
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.
The Latest
US Oil Drillers Cut Rigs For Fifth Consecutive Week
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
March 22, 2019
Reserve Reports May Signal Shale Stress For North American E&Ps
Simmons Energy analysts reveal that unconventional shale is “showing signs of stress” as E&Ps disclose performance-related reserve writedowns.
March 22, 2019
Anadarko Plans To Seek Charters For Tankers For Mozambique LNG Project
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
March 22, 2019
Algeria Amends Hydrocarbon Law To Attract Foreign Investors
The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?
March 21, 2019
Denbury Resources Scraps Merger With Eagle Ford Producer Penn Virginia
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
March 21, 2019
On The Move
Check out the latest new hires, appointments, promotions and company news.
March 21, 2019
Exxon Mobil’s Talks To Tap Algeria Shale Gas Falter Due To Unrest
Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet Basin, the sources close to the discussions said.
March 21, 2019
Sudan Summons Egypt Ambassador Over Red Sea Oil, Gas Exploration Blocks
Sudan’s Foreign Ministry said on March 21 it has summoned Egypt’s ambassador to Khartoum, Hossam Issa, over Egypt offering oil and gas exploration blocks “in Red Sea areas subject to Sudanese sovereignty.”
March 21, 2019
E&P Momentum: Living Within Cash Flow
The tight formation revolution rewarded technically skilled managerial teams. Now Wall Street’s demand for shareholder-friendly free cash flow presages a different business philosophy.
March 21, 2019
Australian State Poll Threatens $2 Billion Coal Seam Gas Project
The Narrabri project, owned by Santos Ltd., could ease a looming gas shortage in eastern Australia, but is at risk of becoming a casualty in a weekend election in the country’s most populous state.
March 21, 2019