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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

    Southwestern appoints Way as president

    Southwestern Energy Co. has promoted Bill Way to president of the company. Way will also continue to serve in his current role as COO, which he has held since joining the company in September 2011. 

    Australia struggling to commercialize unconventional resources

    Following disappointing results from recent exploration and production activities, Australia needs, now more than ever, a liquids-rich play to begin widespread and commercial unconventional development in the country, said Jonathan Lacouture, a GlobalData upstream analyst covering Asia-Pacific.

    ConocoPhillips sets 2015 capital budget 20% lower than 2014

    Oil and gas giant ConocoPhillips set its 2015 capital budget at $13.5 billion, a 20% decrease from 2014, the company said Monday.

    Production begins from Kebabangan gas development in Malaysia

    ConocoPhillips reports the start of gas production from the Kebabangan gas field, located 60 miles offshore Malaysia. Production will ramp up as pipeline capacity becomes available.

    Cairn reports second oil discovery offshore Senegal

    Cairn Energy has announced the discovery of high-quality oil in the second well in the Senegal exploration program.

    Genscape: Alaskan North Slope crude headed to South Korea

    A cargo of Alaskan North Slope crude loaded Sept. 26 at the Alaskan port of Valdez for delivery into the South Korean refining center of Yeosu, according to Genscape.

    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. 

    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

    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...

    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...

    Oil & Gas Companies

    Woodside delays Browse FLNG development

    Woodside Petroleum Ltd., as operator of the Browse FLNG development, advises that a revised schedule into front-end engineering and design (FEED) entry has been agreed by the Browse joint venture.

    Statoil recommended as Johan Sverdrup operator

    Statoil reports that the Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.

    NZEC to close Vancouver office, focus on New Zealand upstream assets

    New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company registration and incorporation.

    CNOOC starts production on oil project in South China Sea

    CNOOC Ltd. reports that the Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District Joint Development Project has begun production.

    Cue farms-in for stake in Mahato PSC in Sumatra

    Cue Energy Resources Ltd. reports the execution of a farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte Ltd. to acquire a 12.5% participating interest in the Mahato production sharing contract onshore Central Sumatra, Indonesia.

    Halliburton awarded mature field contracts from Petroamazonas

    Halliburton has signed long-term contracts with Ecuador's Petroamazonas to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio, and Victor H...

    Gulf’s operations in China now called Gulf Oil China

    Gulf’s program for growth in China has reached another landmark stage, with the redefining of its operations in China under a new name: Gulf Oil (China) Co. Ltd.