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  • Lloyd’s Register Group CFO, Alastair Marsh

    Marsh appointed as next CEO of Lloyd’s Register

    Lloyd’s Register’s Richard Sadler has decided to step down as CEO at the end of 2015. The Lloyd’s Register Group Ltd. board of directors has appointed current CFO, Alastair Marsh, as his successor.


    US and OPEC battling for oil market share

    Like a fighter who goes down after being sucker-punched, US shale producers are staggering but have not given up.


    Noble Energy enters Eagle Ford, Permian through Rosetta acquisition

    In what one analyst described as the beginning of a Texas pivot, Noble Energy is set to enter the Eagle Ford and Permian by acquiring Rosetta Resources.


    Vicki Hollub, Occidental

    OXY unveils succession plan

    Occidental has approved a CEO succession plan and promoted Vicki A. Hollub to senior EVP of Occidental and president of Oxy Oil and Gas. The board plans for Hollub to succeed Stephen I. Chazen as CEO of Occidental after a transition period.


    Erin Energy begins Oyo field production offshore Nigeria

    Erin Energy Corp. has commenced production from the Oyo-8 well located in OML 120 offshore Nigeria.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Murphy Oil enters into $250M accelerated share repurchase transaction

    May 22, 2015 Murphy Oil Corp. has entered into a variable-term, capped accelerated share repurchase transaction with Wells Fargo Bank, National Association, to repurchase an aggregate of $250 million of the com...

    BG takes operational control of QCLNG plant in Australia

    May 22, 2015 BG Group confirmed May 21 that operational control of Train 1 at its Queensland Curtis LNG plant in Australia has been formally transferred to QGC, BG Group’s Australian subsidiary, from Bechtel Au...

    NZEC relinquishes East Cape permit in New Zealand

    May 22, 2015

    New Zealand Energy Corp. has relinquished Petroleum Exploration Permit (PEP) 52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

    Enable Midstream completes initial phase of gathering system in Bakken

    May 22, 2015 Enable Midstream Partners LP says that the first phase of its Nesson Crude & Produced Water Gathering System is operational. The pipeline serves wells located in Williams and Mountrail counties...

    Genesis Energy tender offer expires

    May 22, 2015 Genesis Energy LP’s cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 7.875% senior notes due 2018 that the company co-issued with its subsidiary, Genes...

    HEP solicits indications of interest for hub and export services to Mexico

    May 22, 2015 Howard Midstream Energy Partners LLC is soliciting non-binding indications of interest from shippers for access to 1.12 billion cubic feet per day of natural gas hub services on its existing assets...

    Midstates completes liquidity-enhancing transactions and note exchange

    May 22, 2015

    Midstates Petroleum Co. Inc. has completed a series of transactions that increase its liquidity to approximately $420 million.

    OGFJ photo of the day


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    More News & Updates

    Enable Midstream completes initial phase of gathering system in Bakken

    May 22, 2015 Enable Midstream Partners LP says that the first phase of its Nesson Crude & Produced Water G...

    Sabine enters into forbearance agreement to second lien term loan facility

    May 22, 2015 Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its se...

    Rig Count

    Area Count Change
    US 885 3
    Canada 72
    5
    International 1275 17

    Source: Baker Hughes Inc.
    US & Canada rig counts updated weekly. International updated monthly.

    More News

    North American Shale

    May 6, 2015

    Production continues to grow, albeit at a slower pace

    Eureka Hunter

    May 6, 2015

    Increasing optionality in the Marcellus, Utica shales

    Newfield reorganizes regional operating units, closing two offices

    May 4, 2015 Newfield Exploration Co. plans to combine its Onshore Gulf Coast and Rocky Mountain business unit...
    Oil Markets

    Marlin Midstream Partners changes name to Azure Midstream Partners

    May 20, 2015 Marlin Midstream Partners LP has changed its name to Azure Midstream Partners LP. The change is b...
    Energy Players

    Wilson joins Sidley Austin in Singapore as partner

    May 21, 2015

    Charlie Wilson will be joining Sidley Austin LLP in Singapore as a partner in the firm’s M&A and Private Equity practices.

    Business Solutions

    Kinder Morgan responds on declined application for Palmetto Pipeline

    May 21, 2015 Kinder Morgan Inc. has received notification that the Georgia Department of Transportation declined its application for a Certificate of Public Convenience and Necessity associated with the propose...
    Upstream

    NZEC relinquishes East Cape permit in New Zealand

    May 22, 2015 New Zealand Energy Corp. has relinquished Petroleum Exploration Permit (PEP) 52976 (East Cape) in...
    Unconventional

    NZEC relinquishes East Cape permit in New Zealand

    May 22, 2015

    New Zealand Energy Corp. has relinquished Petroleum Exploration Permit (PEP) 52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

    Midstream

    BG takes operational control of QCLNG plant in Australia

    May 22, 2015 BG Group confirmed May 21 that operational control of Train 1 at its Queensland Curtis LNG plant ...
    Capital

    Murphy Oil enters into $250M accelerated share repurchase transaction

    May 22, 2015 Murphy Oil Corp. has entered into a variable-term, capped accelerated share repurchase transactio...
    Analysis

    US E&P companies cut spending and production as liquidity tightens

    May 22, 2015 Drastic reductions in production levels and internal cash flows resulted in negative rating or ou...
    Mergers & Acquisitions

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    May 22, 2015 Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement a...

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