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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

    Petroceltic accepts resignation of two directors

    March 3, 2015 Petroceltic International plc, an Irish oil and gas exploration and production company based in Dublin, has accepted the resignations of two non-executive directors, Don Wolcott and Joe Mach, effec...

    Petrobras to dispose of $13.7B in assets

    March 3, 2015

    Petrobras is planning to sell off some $13.7 billion in assets this year and next in an effort to cut debt and preserve cash, according to Reuters.

    Tethys, PetroChina sign MOU to explore Kazakhstan's oil, gas sales to China

    March 3, 2015 Tethys Petroleum Ltd. has signed a memorandum of understanding with PetroChina International Kazakhstan Ltd. to explore the feasibility of a long-term and mutually beneficial cooperation in natural...

    Otto signs farm-in agreement with Red Emperor

    March 3, 2015 Otto Energy Ltd.’s subsidiary Otto Energy Philippines Inc. has signed a farm-in agreement with Red Emperor Resources NL to earn a 15% working interest in Service Contract 55, offshore the Philippin...

    Seven Lakes completes $20M Series A financing round with Carrick

    March 3, 2015 Seven Lakes Technologies, which develops innovative enterprise software and solutions for the oil & gas exploration and production sector, has completed a $20 million Series A round of financin...

    Lion Energy to conduct unconventional joint studies in Sumatran Basin

    March 3, 2015 Lion Energy Ltd. has received formal approval from the Directorate General of Oil and Gas (MIGAS) of the award of two separate unconventional joint studies over two highly prospective areas in Indo...

    BOEM offers details on Lease Sale 246

    March 3, 2015 As part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper said M...

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    More News & Updates

    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

    Mar 2, 2015 Matador Resources Co. has completed the combination of its Delaware Basin assets with Harvey E. Y...

    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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    Petroceltic accepts resignation of two directors

    Mar 3, 2015 Petroceltic International plc, an Irish oil and gas exploration and production company based in D...

    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...
    Oil Markets

    Petroceltic accepts resignation of two directors

    March 3, 2015 Petroceltic International plc, an Irish oil and gas exploration and production company based in D...
    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

    Seven Lakes completes $20M Series A financing round with Carrick

    March 3, 2015 Seven Lakes Technologies, which develops innovative enterprise software and solutions for the oil & gas exploration and production sector, has completed a $20 million Series A round of financin...
    Upstream

    Lion Energy to conduct unconventional joint studies in Sumatran Basin

    March 3, 2015 Lion Energy Ltd. has received formal approval from the Directorate General of Oil and Gas (MIGAS)...
    Unconventional

    Lion Energy to conduct unconventional joint studies in Sumatran Basin

    March 3, 2015 Lion Energy Ltd. has received formal approval from the Directorate General of Oil and Gas (MIGAS) of the award of two separate unconventional joint studies over two highly prospective areas in Indo...
    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

    Petrobras to dispose of $13.7B in assets

    March 3, 2015 Petrobras is planning to sell off some $13.7 billion in assets this year and next in an effort to...
    Analysis

    Fitch: Canada's big banks hold profits; oil and rates manageable

    March 3, 2015 Five of the six largest Canadian banks reporting earnings thus far showed mixed profit performanc...
    Mergers & Acquisitions

    Tethys, PetroChina sign MOU to explore Kazakhstan's oil, gas sales to China

    March 3, 2015 Tethys Petroleum Ltd. has signed a memorandum of understanding with PetroChina International Kaza...

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