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



    Latest ConocoPhillips News

    MarkWest appoints Stice to board of directors

    MarkWest Energy Partners LP has appointed J. Mike Stice to serve as a member of the board of directors of MarkWest’s general partner, MarkWest Energy GP LLC. Stice will stand for election at MarkWest’s 2016 Annual Meeting of Common Unitholders.

    OXY board elects Batchelder as chairman

    Occidental Petroleum Corp.’s board of directors has elected Eugene L. Batchelder as non-executive chairman, succeeding Ambassador Edward P. Djerejian, who has retired from the board.

    IHS CERAWeek 2015: Current share price declines suggest market factoring in oil price recovery

    Battered by the ramifications of rapidly declining oil prices, oil and gas company share prices continued to fall in the first quarter of 2015, but the share price declines have lagged behind the drop in oil prices, suggesting the market is pricing a recovery into the stocks, according to new analysis from IHS.

    ConocoPhillips to reduce costs by $1 billion while increasing development of unconventionals

    ConocoPhillips provided details of its financial priorities and operating plan at its Analyst and Investor Meeting on April 8 in New York.

    FAA allows Sky-Futures USA to use drones for oil and gas inspections

    Sky-Futures USA, a Houston-based company offering drone inspection services to the oil and gas industry has been awarded a Federal Aviation Administration (FAA) Section 333 Exemption permitting the use of its Ascending Technologies Falcon 8 drone in the US National Air Space.


    Oando Energy Resources prepays loan facilities

    Oando Energy Resources Inc., which is focused on oil and gas exploration and production in Nigeria, has made a $238 million prepayment of certain loan facilities, which it utilized for the $1.5 billion acquisition of the ConocoPhillips Nigerian oil and gas business in July 2014.

    Cameron elects two new board members

    Cameron has elected Brent J. Smolik and R. Scott Rowe to the company's board of directors, effective Feb. 25.

    Statoil’s Oseberg Delta 2 project comes on stream

    Statoil and its partners started up production from Oseberg Delta 2 on Feb. 21 in the North Sea. The field’s recoverable reserves are estimated at 77 million barrels oil equivalent.


    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 ...


    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...