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  • Erin Energy begins Oyo field production offshore Nigeria

    Erin Energy Corp. has commenced production from the Oyo-8 well located in OML 120 offshore Nigeria.


    Saudi Aramco restructures with creation of supreme board

    Following the January death of Saudi Arabia’s King Abdullah, the country has been reorganizing its energy industry, and this process has included the creation of a supreme board to oversee state-run Saudi Aramco, according to Bloomberg.


    Oil production weighs heavy on Venezuela

    Venezuela, an OPEC member and holder of the world’s largest volume of oil reserves, has been hit especially hard by falling crude oil prices, according to a recent report by Douglas-Westwood.


    Tall Oak forms Tall Oak Midstream II

    Tall Oak Midstream LLC’s founders have formed Tall Oak Midstream II LLC with an initial equity commitment of up to $300 million from private equity firm EnCap Flatrock Midstream and Tall Oak management.


    EIA: US shale production set to record first drop in four years

    The USEIA’s monthly drilling report says that oil production from US shale plays is expected to decline 45,000b/d to 4.98MMb/d in May from 5.02MMb/d in April – marking this as the first such monthly decline seen in over four years.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Mission 'Row Around Singapore Island'

    May 6, 2015

    Charity row to support seafarers

    Malaysia Streaming

    May 6, 2015

    Balancing the Upstream & Downstream formula.

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015

    Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core assets in Oklahoma to an undisclosed private third party for approximately $46.2 million.  

    Net income for OGJ150 plummets, down 85% YoY, 92% from 3Q14

    May 6, 2015

    This is it, folks - the first big quarterly financial stumble of the current downturn as the petroleum markets plummeted in the fourth quarter of last year along with falling oil prices.

    Shell & BG shock market with $82 billion deal after a deal market near-shutdown in Q1

    May 6, 2015 Coming off a near-shutdown in global upstream deal activity during Q1 2015, Shell shocked the market on April 8 with the announcement of an $81.8 billion agreement (including assumed debt) to acqui...

    INDUSTRY BRIEFS

    May 6, 2015

    Energy policy shifts likely

    May 6, 2015

    GOP lawmakers hope to remove constraints off the development and progress of US production

    OGFJ photo of the day


    Click to view slideshow

    More News & Updates

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015 Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core a...

    Shell & BG shock market with $82 billion deal after a deal market near-shutdown in Q1

    May 6, 2015 Coming off a near-shutdown in global upstream deal activity during Q1 2015, Shell shocked the mar...

    Rig Count

    Area Count Change
    US 905 27
    Canada 79
    0
    International 1275 17

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

    More News

    North American Shale

    May 6, 2015

    Production continues to grow, albeit at a slower pace

    Eureka Hunter

    May 6, 2015

    Increasing optionality in the Marcellus, Utica shales

    Newfield reorganizes regional operating units, closing two offices

    May 4, 2015 Newfield Exploration Co. plans to combine its Onshore Gulf Coast and Rocky Mountain business unit...
    Oil Markets

    Saudi Aramco restructures with creation of supreme board

    May 4, 2015 Following the January death of Saudi Arabia’s King Abdullah, the country has been reorganizing it...
    Energy Players

    Statoil names board recommendations

    May 6, 2015 Statoil’s Nomination Committee has recommended that the company's corporate assembly elect Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of direct...
    Business Solutions

    ETP and Regency complete merger

    May 1, 2015 Energy Transfer Partners LP (ETP) and Regency Energy Partners LP have completed their merger of an indirect subsidiary of ETP, with and into Regency, with Regency surviving the merger as a wholly o...
    Upstream

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015 Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core a...
    Unconventional

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015

    Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core assets in Oklahoma to an undisclosed private third party for approximately $46.2 million.  

    Midstream

    Crestwood companies agree to merge

    May 6, 2015 Crestwood Equity Partners LP and Crestwood Midstream Partners LP have agreed to merge the two par...
    Capital

    Sabine enters into forbearance agreement to its revolving credit facility

    May 6, 2015 Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its re...
    Analysis

    Report discusses volatility and opportunity across industry sectors

    May 6, 2015 Energy companies are facing several challenges that have stemmed from the prolonged downfall in o...
    Mergers & Acquisitions

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015 Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core a...

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    OGFJ Editor Don Stowers discusses the legal and regulatory framework for midstream infrastructure development with Kirk Morgan, a partner in Bracewell & Giuliani’s energy practice based in Washington, DC.

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