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  • EY survey shows cautious optimism for O&G M&As

    Despite an increasingly stable global economy, resilient equity markets, and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to Ernst & Young.


    Halliburton to buy Baker Hughes for $35 billion

    After much speculation, oilfield services companies Baker Hughes and Halliburton confirmed that the two have agreed to a merger. Here, the updates.  


    Donadio elected to Marathon board

    Marathon Oil Corp. has elected, Marcela Donadio--Ernst & Young's previous Americas Oil & Gas Sector Leader--to the company's board of directors.


    Harold Hamm

    Naked on the hedge front

    Betting oil prices have hit bottom, Continental Resources has monetized nearly all of its outstanding crude oil hedges for 2015, 2016, and 2017. Here, opposing views on the move.  


    From left: David Sheret, GM Global Business Development (Bibby Offshore); Dr. Ian Duncan MEP; John Kelman, Base Manager (Bibby Offshore)

    Bibby Offshore hosts MEP for Scotland, Dr. Ian Duncan

    Aberdeen, Scotland-based subsea installation contractor Bibby Offshore hosted Conservative MEP for Scotland, Dr. Ian Duncan, on October 30, as part of a fact-finding mission into the oil and gas industry.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    US gasoline prices at lowest level since 2009

    November 26, 2014 US retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of Nov. 24, according to the US Energy Information Administration. This average is $0.47 lower than ...

    Faroe Petroleum completes sale of Glenlivet Field interest

    November 26, 2014

    Faroe Petroleum has completed the sale of its 10% interest in the undeveloped Glenlivet gas field, West of Shetland.

    Gazprom Neft teams with PetroVietnam to explore for Arctic oil

    November 26, 2014

    Gazprom Neft has agreed to develop Russia's Dolginskoye offshore Arctic oil field jointly with Vietnamese state energy company PetroVietnam, according to Reuters.

    Update on San Leon Energy operations in Poland

    November 26, 2014 San Leon Energy is extending its licenses to explore for shale gas in northern Poland, according to the Associated Press, as results from its three vertical wells near the Baltic Sea coast encourag...

    Woodside to explore block offshore Morocco

    November 26, 2014 Woodside Petroleum Ltd. has entered into a contract for an exclusive reconnaissance license with the Office National des Hydrocarbures et des Mines, the national oil company of Morocco, to explore ...

    Fitch: Gas supply near 5-year avg., but less shale drilling a concern

    November 26, 2014 Natural gas storage has largely recovered from the inventory depletions that followed la(t year's polar vortex winter despite the recent burst of cold weather in the US and related drawdown in gas ...

    Breitling Energy appoints new director

    November 26, 2014

    Breitling Energy Corp. has appointed Trenton K. Thornock to the board of directors, effective Nov. 14.

    OGFJ photo of the day


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    Fitch: Gas supply near 5-year avg., but less shale drilling a concern

    Nov 26, 2014 Natural gas storage has largely recovered from the inventory depletions that followed la(t year's...

    Foxcode closes $210M bond issuance for US Shale Solutions

    Nov 25, 2014 Foxcode Inc., a merchant banking firm, has closed a $210 million bond issuance of three-year seni...

    NZEC to close Vancouver office, focus on New Zealand upstream assets

    Nov 25, 2014 New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company...

    CNOOC starts production on oil project in South China Sea

    Nov 24, 2014 CNOOC Ltd. reports that the Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District Joi...

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    Nov 24, 2014 Cue Energy Resources Ltd. reports the execution of a farm-in agreement with Bukit Energy Central ...

    Endeavour updates on Chapter 11 proceedings, resignation of executive

    Nov 14, 2014 Endeavour International Corp. has announced an accelerated timetable for its Chapter 11 proceedin...

    Rice files registration statement for IPO of Rice Midstream Partners

    Nov 7, 2014 Rice Energy Inc. reports that its wholly owned subsidiary, Rice Midstream Partners LP, has filed ...
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    NZEC to close Vancouver office, focus on New Zealand upstream assets

    November 25, 2014 New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company...
    Energy Players

    Breitling Energy appoints new director

    November 26, 2014

    Breitling Energy Corp. has appointed Trenton K. Thornock to the board of directors, effective Nov. 14.

    Business Solutions

    Fitch: Freeport approval moves US closer to LNG exports

    November 25, 2014 The recent final approvals and construction groundbreakings for several liquid natural gas (LNG) export facilities along the US Gulf Coast will make US LNG exports a reality in the near term, Fitch...
    Upstream

    Update on San Leon Energy operations in Poland

    November 26, 2014 San Leon Energy is extending its licenses to explore for shale gas in northern Poland, according ...
    Unconventional

    Update on San Leon Energy operations in Poland

    November 26, 2014 San Leon Energy is extending its licenses to explore for shale gas in northern Poland, according to the Associated Press, as results from its three vertical wells near the Baltic Sea coast encourag...
    Midstream

    Fitch: Gas supply near 5-year avg., but less shale drilling a concern

    November 26, 2014 Natural gas storage has largely recovered from the inventory depletions that followed la(t year's...
    Capital

    Fluor closes senior notes offering

    November 26, 2014 Fluor Corp. has closed its offering of $500 million in aggregate principal amount of 3.500% senio...
    Analysis

    US gasoline prices at lowest level since 2009

    November 26, 2014 US retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as ...
    Mergers & Acquisitions

    Faroe Petroleum completes sale of Glenlivet Field interest

    November 26, 2014 Faroe Petroleum has completed the sale of its 10% interest in the undeveloped Glenlivet gas field...

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    OGFJ Editor Don Stowers discusses the extremely active oil and gas M&A market and the reasons for the surge in deal activity this year with Bryan Loocke, a partner in Bracewell & Giuliani’s Houston office.

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