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  • Repsol set to acquire Talisman

    Repsol set to acquire Talisman Energy

    Repsol has agreed to acquire 100% of Talisman Energy in a transaction values at US$8.3B plus debt.  


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    Steven Newman has retired from Transocean

    Newman steps down as president, CEO of Transocean

    Steven Newman is stepping step down as president and CEO of Transocean Ltd. Until a permanent replacement is named, Ian Strachan, chairman of Transocean’s board, will serve as interim CEO.


    WoodMac: 2015 upstream CAPEX to surpass $4B in SCOOP core

    Even in the current price environment, the best producing parts of the SCOOP are on par with the Eagle Ford and Bakken shale plays, according to Wood Mackenzie.  


    IHS: Historic gains in US oil production may come to a halt in 2015

    Stunning growth in US oil production may come to a halt by mid-2015 as low oil prices begin to constrain US tight oil production, which has been the dominant engine of world oil supply gains in recent years.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Applied LNG names Duwadi as VP of engineering

    March 2, 2015 Applied LNG has promoted Kishore Duwadi to vice president of engineering. He is currently overseeing the construction of the company's LNG production facility in Midlothian, Texas.  

    Total to be operator of PNG’s PRL 15 JV

    March 2, 2015 InterOil Corp. says that all participants in the Petroleum Retention License (PRL) 15 joint venture have unanimously voted to appoint Total E&P PNG Ltd. as operator of the PRL 15 JV. PRL 15 is ...

    PAA acquires Williston Basin crude oil terminal under construction

    March 2, 2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expe...

    EnLink Midstream extends open season for pipeline project

    March 2, 2015 The EnLink Midstream companies, EnLink Midstream Partners LP and EnLink Midstream LLC, have extended the binding open season period to solicit volume commitments for interstate common carrier trans...

    Dakota Plains moves transloading in-house and makes board changes

    March 2, 2015 Dakota Plains Holdings Inc. will bring its crude oil and sand transloading operations in-house, effective June 1 and Aug. 1, respectively. This action will create further operational efficiencies a...

    Matador closes Delaware Basin combination

    March 2, 2015 Matador Resources Co. has completed the combination of its Delaware Basin assets with Harvey E. Yates Co. (HEYCO), a subsidiary of HEYCO Energy Group Inc. As a result of the transaction, Matador wi...

    Enable Midstream holds open season for Oklahoma expansion capacity

    March 2, 2015 Enable Midstream Partners LP’s wholly owned subsidiary Enable Gas Transmission LLC (EGT) is holding a non-binding open season to allow interested parties an opportunity to obtain new firm interstat...

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    PAA acquires Williston Basin crude oil terminal under construction

    Mar 2, 2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil termina...

    Matador closes Delaware Basin combination

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    Rig Count

    Area Count Change
    US 1267 43
    Canada 330 30
    International 1313 11

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

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    ZaZa Energy updates on East Texas Lower Cretaceous operations

    Feb 25, 2015 ZaZa Energy Corp. has provided information on 30-day production results from its East Texas Colbu...

    Ensco to cut onshore personnel by 15%

    Feb 19, 2015 On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workfor...

    Statoil, partners submit development plan for Johan Sverdrup

    Feb 13, 2015 Statoil and its partners have submitted the plan for development and operation for Johan Sverdrup...
    Oil Markets

    ZaZa Energy updates on East Texas Lower Cretaceous operations

    February 25, 2015 ZaZa Energy Corp. has provided information on 30-day production results from its East Texas Colbu...
    Energy Players

    Applied LNG names Duwadi as VP of engineering

    March 2, 2015 Applied LNG has promoted Kishore Duwadi to vice president of engineering. He is currently overseeing the construction of the company's LNG production facility in Midlothian, Texas.  
    Business Solutions

    Mexico’s bidding round for shallow water kicks off

    March 2, 2015 Mexico’s National Hydrocarbons Commission recently published the bidding and contract terms for the first 14 oil and gas areas in shallow waters, kicking off the first phase of Mexico’s bidding rou...
    Upstream

    PAA acquires Williston Basin crude oil terminal under construction

    March 2, 2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil termina...
    Unconventional

    PAA acquires Williston Basin crude oil terminal under construction

    March 2, 2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expe...
    Midstream

    Applied LNG names Duwadi as VP of engineering

    March 2, 2015 Applied LNG has promoted Kishore Duwadi to vice president of engineering. He is currently oversee...
    Capital

    Far East Energy enters into term loan facility agreement

    March 2, 2015 Far East Energy Corp.’s wholly owned subsidiary Far East Energy (Bermuda) Ltd. has entered into a...
    Analysis

    UK offshore oil and gas – What next?

    March 2, 2015 The low oil price is expected to dramatically impact O&G activity on the UK Continental Shelf...
    Mergers & Acquisitions

    Total to be operator of PNG’s PRL 15 JV

    March 2, 2015 InterOil Corp. says that all participants in the Petroleum Retention License (PRL) 15 joint ventu...

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