All Petroleum News

MVC Capital invests in Inland Environmental & Remediation

MVC Capital Inc. is investing $15 million in Inland Environmental & Remediation LP. MVC will provide a $15 million senior secured note to Inland in order to f...

ONEOK Partners completes capital-growth projects

ONEOK Partners LP has completed three natural gas gathering and processing and natural gas liquids capital-growth projects worth an approximate investment of $1 b...

Tokman to head Chilean state oil firm ENAP

Marcelo Tokman, formerly Chile's Minister of Energy and also president of the country's National Energy Commission, will take over as head of Chilean state oil fi...

Baker Hughes and Aker Solutions form subsea production alliance

Baker Hughes Inc. and Aker Solutions ASA have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery ...

Trendsetter promotes Downing to president

Trendsetter Engineering Inc. has promoted Ron Downing to the position of president.  Downing assumes this responsibility from Mario Lugo who remains chairman...

RH Petrogas reduces stake in Malaysia block SK331

RH Petrogas Investments Pte. Ltd. has entered into a sale and purchase agreement with Tumbuh Tiasa Enterprises Sdn. Bhd. to sell 3,184,881 ordinary shares represe...

Vanguard Energy to sell Texas field

Vanguard Energy Corp. has entered into an agreement with an unrelated third party to sell all of Vanguard's working interests and related equipment at its only op...

Oando increases deposit for acquisition of Nigerian upstream business

Oando Energy Resources Inc. has paid a previously agreed upon deposit of $25 million for the extension of the outside completion date for its acquisition of Conoc...

RiverRock secures $125M equity commitment from EnCap Flatrock Midstream

San Antonio, TX-based RiverRock Energy LLC has received an initial equity commitment of $125 million from private equity firm EnCap Flatrock Midstream and managem...

Shale participation on the rise

More than half of oilfield services companies and 40% of upstream companies expect shale oil and gas plays to provide the majority of their revenues in 2014, acco...