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  • OIL MARKETS

    Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.

    SECTIONS: OGJ150 | OGFJ100P
    COMPANIES | OIL MARKET WATCH

    Cameron

    (CAM)

    Cameron International Corporation provides flow equipment products, systems, and services worldwide. Its Drilling & Production Systems segment offers systems and equipment to control pressures and direct flows of oil and gas wells; and designs and manufactures structural components for land and offshore drilling rigs.

    News, Products and Stock Info

    OneSubsea awarded contract for PEMEX deepwater development

    10/14/2014 OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project offshore Mexico. This is the fi...

    Pipeline would transport Bolivian gas to Argentina's northeast

    12/13/2010 Argentina has approved plans for a pipeline to transport natural gas from Bolivia to Argentina’s northeast, which will reduce that region’s reliance on fuel oil, diesel, and LPG, accord...

    Cheniere signs MOU with Morgan Stanley

    11/10/2010 Cheniere Energy Partners LP said Nov. 8 that its subsidiary, Sabine Pass Liquefaction LLC has entered into a non-binding memorandum of understanding (MOU) with Morgan Stanley Capital Group Inc. in ...

    GoM accident: assigning blame and liability

    05/06/2010 In recent days, Citigroup Global Markets has provided some of the more lucid explanations with respect to the financial and legal implications of the April 20 Deepwater Horizon accident in the Gulf...

    Who will be held responsible for Deepwater Horizon?

    05/04/2010 Financial giant Morgan Stanley has released a comprehensive, although very preliminary, report on the financial implications of the Deepwater Horizon incident in the Gulf of Mexico and its potentia...

    Provident to separate upstream, midstream businesses; names new CEO

    04/20/2010

    Calgary, Alberta-based Provident Energy Trust has plans to separate its upstream and midstream business segements and will move forward with a new CEO. 

    Crimson Exploration exits Louisiana, eyes Texas drilling

    01/25/2010 After a strategic sale of certain southwest Louisiana assets, Crimson Exploration Inc. has set its sights on its Texas assets, including the red-hot Haynesville Shale, and signed drilling contracts...

    Profound Energy welcomes board members, new CEO

    07/06/2009 Calgary, Alberta-based junior oil and natural gas company Profound Energy Inc. has recently undergone management changes. Messrs. George Chow, William T. Davis, Nicholas R. Wemyss, Keith Macdonald,...

    Nexen names Reinhart new CFO

    10/23/2008 Nexen Inc. has appointed Kevin Reinhart as senior vice president and CFO effective January 1, 2009. He will succeed Marvin Romanow, who will become president and CEO, following the retirement of Ch...

    Energy sector attracts investors despite credit crunch

    04/01/2008 Subprime slide, economic slowdown can’t deter investments in energy

    OGJ150

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

    OGFJ100P

    Private company update

    Apr 10, 2015 Independent research firm IHS has provided OGFJ with updated production data for our OGFJ100P periodic ranking of US-based private E&P companie...

    LLOG makes deepwater Gulf of Mexico discovery

    Oct 23, 2014 Covington, LA-based LLOG Exploration and its partner, Ridgewood Energy, drilled a successful exploration test at the Mississippi Canyon 79 “Otis” p...

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

    Oil & Gas Companies

    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.   &nb...

    LINN plans to close Denver office, eliminate positions

    LINN Energy plans to eliminate 55 positions in Denver, Colorado, and close its office there, according to Fuel Fix, which reported that LINN stated its intentions in a letter to the Colorado Department of Labor and Employment.

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in Brazil’s Amazon and Espírito Santos basins.

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

    Statoil makes second gas discovery in Aasta Hansteen area

    Operator Statoil has, together with PL602 partners, made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second Statoil discovery in the Aasta Hansteen area in 2015.

    IFR forms subsidiary for Mexico oil and gas initiative

    International Frontier Resources Corp. has formed a Mexican subsidiary, Petro Frontera SAPI de CV, that will allow for the study of, and bidding on, assets in Mexico's initial oil and gas Energy Reform bid round in 2015; the acquisition and partic...

    Calvalley to liquidate due to crisis in Yemen

    Calvalley Petroleum Inc.’s board of directors has decided to restructure and liquidate the company. Subsequently, Calvalley will enter into an arrangement agreement with Calvalley Energy Ltd. (CVE), a wholly owned subsidiary of Calvalley organized...