The Latest

Earnings

W&T Offshore CEO: Expect More Acquisitions in Future

Uncertainty, however, lingers for the oil and gas industry surrounding oil demand recovery and prices.

June 23, 2020

Investment

ADNOC Inks $10 Billion Mega Gas Pipeline Deal

The deal comes as the world's top oil and gas companies, including ADNOC, scramble to control costs in response to the coronavirus crisis which has hammered oil demand and prices.

June 23, 2020

Business

To the Mattresses: On the OFS Front

Several oilfield service shops have cash and no or little debt. They plan to expand.

June 23, 2020

Public Capital

Talos Energy Adds to Gulf of Mexico Position with ‘Tactical’ Bolt-on

Among the acquired assets are multiple prolific, producing fields in the Gulf of Mexico Shelf that were originally discovered and/or operated by predecessor companies led by current Talos Energy management.

June 22, 2020

Lease Sales

Marketed: Texas Salt Dome Storage Site in Wharton County

EnergyNet has been retained by Michael E. Shelton to assist with the sale of a salt dome storage site located in Wharton County, Texas, through a sealed-bid offering closing July 15.

June 22, 2020

Restructurings

US Shale Industry Faces $300 Billion in Write-downs

Impairments expected to be made by U.S. shale companies in the second quarter could trigger insolvencies as the sector accounts for oil price fall, Deloitte says in a new study.

June 22, 2020

Business

Report: Supermajors Unlikely Acquirers of Distressed E&Ps

Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.

June 22, 2020

Lease Sales

Marketed: Permian Basin Leasehold, Reeves County, Texas

CH4 Energy Six LLC retained EnergyNet for the sale of Permian Basin primary term leasehold rights and optional producing working interest in Reeves County, Texas, through a sealed-bid offering closing July 8.

June 19, 2020

Field Development

Norway Offers Additional Blocks for Offshore Oil Exploration in Already Opened Areas

The so-called awards in pre-defined areas are for zones offshore Norway already open to oil and gas companies, in the North Sea, Norwegian Sea and Barents Sea.

June 19, 2020

Public Capital

Chevron’s Stake in Australia’s Biggest LNG Project for Sale

Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.

June 18, 2020