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  • All Petroleum News

    Schlumberger to lay off 11,000 employees

    Due to the effects of low oil prices on the market, Schlumberger Ltd. will soon be laying off approximately 11,000 employees.  

    Post Oak Energy Capital commits $150 million to PetroEdge Energy IV

    Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak...

    PA Resources receives approval for continued reorganization

    On April 15, the Gunvor Group recalled its petition for bankruptcy in PA Resources AB, and, as a result, the petition was dismissed by the Stockholm District Cour...

    Statoil: Valemon field officially opened

    Statoil says that Norway’s petroleum and energy minister, Tord Lien, has opened the Valemon gas and condensate field in the North Sea. Expected recoverable reserv...

    ACON Investments partners with Citla Energy

    Citla Energy SAPI de CV, a Mexican independent oil and gas company with offices in Mexico City and Houston, has partnered with affiliates of ACON Investments LLC ...

    REX completes notes repayment, receives credit rating improvements

    Rockies Express Pipeline LLC (REX) has completed the repayment of the April 15 senior unsecured notes in the amount of $450 million through member cash contributi...

    Matador begins public offering of common stock

    Matador Resources Co. has begun an underwritten public offering of 7,000,000 shares of its common stock.

    GreenHunter Resources secures $16M senior secured term loan

    GreenHunter Resources Inc. has entered into an agreement for a senior secured term note financing of up to $16 million.

    EIA predicts US crude oil production will continue to rise despite falling prices

    The US Energy Information Administration predicts that, despite falling crude oil prices, US crude production will still manage to rise to 10.6 million barrels pe...

    Hughes leaves Statoil board of directors

    Catherine Hughes has informed Statoil that she will resign from her position as member of the company’s board of directors with immediate effect in order to avoid...