Canada
People , Exploration & Production
Murphy Oil CEO Takes Medical Leave over Coronavirus Concerns
In the interim, David Looney, Murphy Oil’s executive vice president and CFO, will temporarily assume RogerJenkin’s responsibilities as president and CEO.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of March 25, 2020
Editor’s note: there were no updates from the previous week’s A&D transactions chart that ran March 18.
Field Development
Equinor Delays Bay du Nord Project Offshore Canada After Oil Price Crash
The company had previously expected the project with estimated reserves of 300 million barrels to start production in 2025.
Acquisitions & Divestitures , Trends
Energy A&D Transactions From The Week Of March 18, 2020
Here’s a snapshot of energy deals from the past week including the $94 million acquisition of NexTier’s well services business by Basic Energy.
Public Capital , Exploration & Production , Shale Plays
Exxon Mobil, Hess, Concho, Callon, Kosmos Join US Producers Tightening Capex
On average, Reuters estimates North America oil and gas producers have cut their 2020 budgets by about 30% since the fall in oil prices.
Unconventional , Shale Plays
North American Unconventional Well Completions Chart (Fourth-quarter 2019)
Hart Energy’s Completions Chart looks at well completions in major North American unconventional plays by operator. The number of wells reported is sorted by play and by operator, and there is a tab that summarizes all plays by operators.
Business
Husky Energy Slashes Capex Plans By C$900 Million
Canadian producer follows rivals, citing global market conditions.
Public Capital , Exploration & Production , Shale Plays
Devon, Apache, Murphy Oil Join Growing Number Of Producers Slashing Budgets
North American oil and gas producers have slashed their capital spending by about 30% on average after crude prices crashed earlier this week, according to data compiled by Reuters.
Acquisitions & Divestitures , Pipelines
TC Energy Proposes To Buy Pioneer Pipeline In Multimillion-dollar Deal
NOVA Gas Transmission Ltd. (NGTL), a subsidiary of TC Energy, entered the proposed purchase agreement through an exclusive letter of intent with Tidewater Midstream and TransAlta.
Lease Sales
Marketed: EnergyNet To Hold Canadian Sale In June
EnergyNet is currently in the process of inviting sellers to list oil and gas properties located in Canada for the June sale at no cost. Fees will only apply to sold assets, the firm noted.