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  • All Petroleum News

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

    JP Energy acquires Southern, signs interconnection agreement with Magellan

    JP Energy Partners LP has signed a definitive agreement to acquire the assets of Southern Propane Inc. for $14.9 million, and has also executed an interconnection...

    Iran joins other OPEC members in pressuring OPEC to cut oil production

    OPEC member Iran has joined fellow member Libya, among other OPEC members, in pressuring OPEC to reduce its oil output before the organization meets on June 5, ac...

    Oasis confirms redetermination, extension of borrowing base

    Oasis Petroleum Inc. confirms that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, res...

    Magellan and TransCanada to pursue Houston pipeline connection

    Magellan Midstream Partners LP and TransCanada Corp. have entered into a joint development agreement to pursue a project to connect TransCanada's Houston tank ter...

    GlobalData: Mexico’s first bidding round struggling to remain attractive

    While the latest revisions to the terms for shallow-water areas in Mexico’s first licensing round have increased the attractiveness of the production sharing agre...

    IHS CERAWeek 2015: Energy industry facing ‘new realities and overturned assumptions,’ Yergin says

    Energy’s “turning point” will be the key focus of IHS CERAWeek 2015, which will be held April 20-24 in Houston. As industry, policy, and financial leaders from ar...

    GlobalData: Upstream M&A activity down $2B in March

    Merger and acquisition (M&A) values in the upstream oil and gas sector decreased to $829.8 million in March, compared with $2.9 billion in the previous month,...

    EIA: US shale production set to record first drop in four years

    The US Energy Information Administration’s monthly drilling report, released April 13, says that oil production from US shale plays is expected to decline 45,000 ...

    Moody’s: Most Canadian spec-grade E&P companies can withstand oil prices

    Most of Canada’s speculative-grade exploration and production (E&P) companies are well positioned to withstand the current slump in oil prices, Moody’s Invest...