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  • Fox Petroleum proposes Oman to India multi-purpose pipeline

    Fox Petroleum Ltd. has proposed building the Oman – India Multi Purpose Pipeline (OIMPP), a deepwater, transnational, natural gas pipeline system that would cross the Arabian Sea and be funded 100% with foreign investments. 


    Q&A series: Managing energy sector distress

    In most cycles the energy sector has experienced over the years, winners and losers have been determined primarily by two things -- quality of assets and financial flexibility, says Bill Swanstrom, the co-chair of Locke Lord’s energy practice group, in a Q&A feature package focused on managing energy sector distress.


    Verisk Analytics to acquire Wood Mackenzie

    Wood Mackenzie has signed an agreement to be acquired by Verisk Analytics Inc. for $2.8 billion. The move by Verisk establishes the firm as a data analytics provider in the global energy market.


    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.  


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Enterprise CEO to retire by year’s end; replacement named

    March 30, 2015 Michael A. Creel, CEO of Enterprise Products Partners LP’s general partner, plans to retire as of Dec. 31. A.J. “Jim” Teague, Enterprise’s COO, has been elected to succeed Creel as CEO upon Creel’s...

    Aker Solutions makes changes in executive management team

    March 30, 2015 Tore Sjursen will assume the role of executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will, at the same time, replace Sjursen as h...

    Tullow secures additional $450M of capital under existing credit facilities

    March 30, 2015

    Tullow Oil plc has provided an update on its financing and banking arrangements.

    Loyz signs MOUs with Sun Petrochemicals for projects in India

    March 30, 2015 Loyz Energy Ltd. has entered into two binding memorandums of understanding with Sun Petrochemicals Pvt Ltd. (a manufacturer of petroleum products) through its exploration and production division, S...

    New Zealand opens Block Offer 2015 for exploration permits

    March 30, 2015

    New Zealand's Ministry of Business, Innovation, and Employment has opened the country's annual petroleum exploration permit tender Block Offer 2015.

    Rampart to acquire Neon's interest in Permit WA-503-P off Western Australia

    March 30, 2015 Rampart Energy Ltd. has secured rights to an 80% working interest as operator in exploration permit WA-503-P offshore Western Australia, through an agreement with Neon Energy Ltd. and partner Black...

    Vale CEO Ferreira to head Petrobras board

    March 30, 2015

    The Brazilian government has selected Murilo Ferreira, the CEO of Vale SA, to head Petrobras’ board of directors, according to Reuters.

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    Rig Count

    Area Count Change
    US 1048 21
    Canada 120 20
    International 1275 17

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

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    PA Resources’ application for corporate reorganization approved

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    Slideshow: CEO survey highlights competitive strategies

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    Enterprise CEO to retire by year’s end; replacement named

    March 30, 2015 Michael A. Creel, CEO of Enterprise Products Partners LP’s general partner, plans to retire as of Dec. 31. A.J. “Jim” Teague, Enterprise’s COO, has been elected to succeed Creel as CEO upon Creel’s...
    Business Solutions

    Aker Solutions makes changes in executive management team

    March 30, 2015 Tore Sjursen will assume the role of executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will, at the same time, replace Sjursen as h...
    Upstream

    American Sands signs project sourcing agreement with 2020cg

    March 30, 2015 American Sands Energy Corp., an oil sands exploration and development company operating in Utah, ...
    Unconventional

    American Sands signs project sourcing agreement with 2020cg

    March 30, 2015 American Sands Energy Corp., an oil sands exploration and development company operating in Utah, has signed a project sourcing agreement with 2020cg LLC. Under the agreement terms, 2020cg has nonex...
    Midstream

    Fitch: Crude prices providing benefits for storage operators

    March 30, 2015 Crude storage is expected to benefit from the changing price dynamics in the near term, according...
    Capital

    Tullow secures additional $450M of capital under existing credit facilities

    March 30, 2015 Tullow Oil plc has provided an update on its financing and banking arrangements.
    Analysis

    PA Resources’ application for corporate reorganization approved

    March 30, 2015 The Stockholm District Court has today approved PA Resources AB's application for corporate reorg...
    Mergers & Acquisitions

    Loyz signs MOUs with Sun Petrochemicals for projects in India

    March 30, 2015 Loyz Energy Ltd. has entered into two binding memorandums of understanding with Sun Petrochemical...

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