Latest Oil Exploration & Production News

Quantum Energy Partners forms Renaissance to acquire offshore oil, gas properties

Feb 7, 2012

Houston-based private equity firm Quantum Energy Partners has once again formed a company to acquire US oil and gas properties, reports Bloomberg. Only this time, the newly-formed company will focus on offshore US oil fields.

Subsea 7 wins BP contract for Clair Ridge project

Feb 2, 2012

Subsea 7 SA has been awarded of a contract valued at approximately $100 million from BP Exploration Operating Co. Ltd. for the Clair Ridge Project, West of Shetland.

Shaw resigns Transocean VP post

Jan 25, 2012

Robert S. Shaw notified Transocean Ltd. of his resignation as vice president, controller, and principal accounting officer to pursue other opportunities.

Texcom opens new liquid disposal site in heart of Eagle Ford Shale

Jan 25, 2012

Houston-based TexCom Inc., an environmental services company for the oil and gas industry, has opened its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services LLC.

Blake International names president, CEO

Jan 11, 2012

Privately held offshore rig provider Blake International Rigs has promoted Beau Blake from VP of business development and administration to president and CEO of USA and Mexico, effective immediately.

EnerJex completes 50th new well in Rantoul Project

Jan 5, 2012

San Antonio-based EnerJex Resources Inc. (OTCMarkets:ENRJ) said Jan. 5 that it has completed drilling 50 new wells in its Rantoul Project located in Eastern Kansas.

Tendeka secures frame agreement with Statoil

Dec 28, 2011

Tendeka, a provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, has secured a major frame agreement with Statoil for the provision of sand screens and inflow control devices and services for use on the Norwegian Continental Shelf.

EnerJex sells $4 million in non-core assets

Dec 21, 2011

San Antonio-based EnerJex Resources Inc. said Dec. 21 that it has sold certain non-core assets in eastern Kansas for $4 million in cash.

With acquisition, Mustang increases automation, control capabilities in Latin America

Dec 19, 2011

Mustang, a Wood Group company, said December 16 that it has acquired a majority stake in ISI Solutions for an initial consideration of US$5.2 million.

Flotek names Fisher executive VP, global business development

Dec 19, 2011

Flotek Industries Inc. has named Marc K. "Kevin" Fisher executive vice president, global business development.

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