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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


    ConocoPhillips

    Latest ConocoPhillips News

    Oando reduces debt by converting loan to equity

    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 Oando Plc.

    ConocoPhillips completes sale of Nigeria business

    ConocoPhillips has completed the transaction with Oando Energy Resources, a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. 

    Karoon reports gas discovery at Pharos-1 well in WA-389-P in Browse Basin

    Karoon Gas Australia Ltd. has reported that, on July 16, wireline logging of the Pharos‐1 borehole in permit WA-398-P in the Browse Basin offshore Western Australia was ongoing.

    Oando Energy Resources acquires Medal Oil

    Oando Energy Resources Inc., a company focused on oil and gas exploration and production in Nigeria, has completed the acquisition of Medal Oil Co. Ltd.

    Oando plans to close acquisition in July

    Oando Energy Resources Inc. and ConocoPhillips have entered into an agreement to extend the outside date for completion of the proposed acquisition of the Nigerian upstream oil and gas business of ConocoPhillips to July 31.

    Oando to acquire CoP Nigerian oil and gas business

    Oando Energy Resources Inc. has received the consent of the Honorable Minister of Petroleum Resources of Nigeria for the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips for a total cash consideration of $1.65 billion.

    Revenues and net income continue decline in 4Q13

    Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued to decline in the final quarter of 2013.

    WPX Energy names Muncrief CEO

    WPX Energy has named former Continental Resources executive Richard E. (Rick) Muncrief as the company’s next president and CEO.

    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

    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...

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

    OGFJ100P company update

    Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

    Oil & Gas Companies

    ZaZa Energy regains compliance with NASDAQ listing standards

    ZaZa Energy Corp. received a letter from the NASDAQ Stock Market on Sept. 5, advising that the company has regained compliance with Listing Rule 5550(a)(2), which requires the company to maintain a minimum closing bid price of $1.00 per share.

    Maersk Oil cuts quarter of Houston jobs

    As a result of the challenges of growing a non-operated exploration portfolio in the US Gulf of Mexico, Maersk Oil is downsizing its Houston workforce by more than 25% as the company focuses on other parts of the world, according to a report in th...

    Pemex begins post-reform corporate makeover

    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.

    NOC chairman to replace acting Libya oil minister

    Libya's acting oil minister Omar Shakmak will resign and will be replaced by the chairman of the state oil firm National Oil Corp. (NOC), Mustafa Sanallah, according to a Reuters report.

    Lucas granted NYSE MKT compliance plan extension

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Oct. 31 to regain compliance with the NYSE MKT continued listing standards.

    Lime Petroleum gives up three licenses in North Sea

    Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop d...

    Strongbow set to prepare development plan for Compeer asset

    Strongbow Resources Inc. has begun preparing a development plan to drill its Compeer asset in Canada, which consists of eight sections (5,120 acres), in which Strongbow owns a 100% working interest, and is located in East Central Alberta.