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  • Lawler exits SandRidge for BP

    David C. Lawler, executive vice president and COO of SandRidge Energy has resigned to become BP's CEO of its US Lower 48 Onshore business.  


    EIA: Marcellus region production continues growth

    According to recent EIA data, natural gas production in the Marcellus region exceeded 15 billion cubic feet per day through July, the first time ever recorded. 


    WoodMac: Wolfcamp capital spend could exceed Bakken by 2017

    Wolfcamp capex is set to exceed $12 billion in 2014, or 80% of what will be spent in the Bakken  according to Wood Mackenzie. Today, the Wolfcamp ranks third in tight oil spend compared to the Bakken and Eagle Ford, but could overtake the Bakken for the number two spot by as early as 2017.


    Iraq threatens as tanker with Kurdish oil anchors off the Texas coast

    Drama is unfolding as a tanker with one million barrels of Kurdish crude oil from northern Iraq lies at anchor 60 miles off the port of Galveston, Texas, in international waters, reported Platts.  


    Central processing facility on West Qurna-2

    Lukoil returning investments on West Qurna-2 project in Iraq

    A crude carrier chartered by LUKOIL's international marketing and trading arm arrived July 30 in South Iraq's port of Basra to receive the first batch of oil as part of the recovery of LUKOIL's costs from phase one of the West Qurna-2 project.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Pemex begins post-reform corporate makeover

    August 22, 2014

    Pemex has begun a corporate restructuring following the approval earlier this month of a historic energy overhaul that ended Pemex's decades-long monopoly, according to a Reuters report.

    Petrofac chairman resigns

    August 22, 2014 Petrofac, an international oil & gas facilities service provider, reports that Norman Murray, who has been chairman since May 2011, has resigned from the board and will step down as chairman wi...

    Chesapeake names Sylvester as VP of investor relations and communications

    August 22, 2014

    Chesapeake Energy Corp. reports that Brad Sylvester will join Chesapeake as vice president of investor relations and communications. Sylvester joins Chesapeake from Southwestern Energy Co.

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    August 22, 2014

    Panhandle Oil and Gas Inc. reports that Ben Spriestersbach, vice president, Land, will retire from the company on Oct. 31.

    Oando reduces debt by converting loan to equity

    August 22, 2014 Oando Energy Resources Inc. reports the conversion to equity of principal and interest in the amount of US$98 million, outstanding under the US$ 1.2 billion facility agreement dated Feb. 10 with Oa...

    Topaz secures $75M investment from SCPE

    August 22, 2014

    Oman's Renaissance Services says that its unit Topaz Energy and Marine has secured a $75 million investment from Standard Chartered Private Equity (SCPE), according to Reuters.

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    Amelia Resources sells Tuscaloosa Marine Shale acreage

    Aug 20, 2014 Amelia Resources LLC has sold 50,000 net acres in the Tuscaloosa Marine Shale (TMS) play. The com...

    Intervale Capital acquires Recapture Solutions

    Aug 19, 2014

    Intervale Capital has acquired Recapture Solutions LLC from Triten Corp. 

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    NOC chairman to replace acting Libya oil minister

    Aug 22, 2014 Libya's acting oil minister Omar Shakmak will resign and will be replaced by the chairman of the ...

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    Oil Markets

    Paragon Offshore completes spin-off from Noble

    August 5, 2014 Paragon Offshore plc has completed its spin-off from Noble Corp. plc into a separate, publicly tr...
    Energy Players

    Petrofac chairman resigns

    August 22, 2014 Petrofac, an international oil & gas facilities service provider, reports that Norman Murray, who has been chairman since May 2011, has resigned from the board and will step down as chairman wi...
    Business Solutions

    Wild Well expands presence in Asia Pacific

    August 20, 2014

    Wild Well Control Inc. has hired Wayne Stennes and Christian Haustead to further increase the company’s service offerings and presence in the Asia Pacific region.

    Upstream

    Carnarvon to explore two permits in Barrow sub-basin

    June 5, 2014 Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the proli...
    Unconventional

    Vaquero gets equity commitment from Yorktown

    August 22, 2014 Vaquero Midstream LLC has received a substantial equity commitment from Yorktown Energy Partners LLC. Vaquero offers customers a full suite of integrated crude oil and natural gas midstream service...
    Midstream

    Vaquero gets equity commitment from Yorktown

    August 22, 2014 Vaquero Midstream LLC has received a substantial equity commitment from Yorktown Energy Partners ...
    Capital

    CD&R to invest in CHC Group

    August 22, 2014 CHC Group Ltd. and Clayton, Dubilier & Rice (CD&R) have entered into definitive agreement...
    Analysis

    US 2014 natural gas output up 5.3% from last year’s record

    August 14, 2014 The US Energy Information Administration has raised its estimate for US natural gas production in...
    Mergers & Acquisitions

    CD&R to invest in CHC Group

    August 22, 2014 CHC Group Ltd. and Clayton, Dubilier & Rice (CD&R) have entered into definitive agreement...

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    August 2014
    Volume 11, Issue 8
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