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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

    Schlumberger

    (SLB)

    Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production.

    News, Products and Stock Info

    Roth and Ghauri join Jones Walker’s Houston office

    03/16/2015 David R. Roth and Shahid A. Ghauri have Jones Walker LLP’s Houston office. Roth is a partner in the Real Estate Practice Group and Ghauri is a partner in the Business and Commercial Transactions Pr...

    Parker Drilling elects Selim to board of directors

    03/12/2015 Parker Drilling has elected Zaki Selim to the company's board of directors. He will serve on the board's audit committee. With the addition of Selim, the board's total membership is ...

    US Shale Solutions appoints Stophlet to lead operations

    03/11/2015 US Shale Solutions Inc. has added Mike Stophlet to its senior leadership team. An energy industry veteran with nearly 30 years of experience, Stophlet joins the company as executive vice president ...

    Cameron elects two new board members

    02/26/2015

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

    Eurasia Drilling updates merger timetable

    02/23/2015 Eurasia Drilling Co. Ltd. and Schlumberger BV are continuing to cooperate with the Russian Federal Anti-Monopoly Service to respond to requests for information regarding the transaction described i...

    Ensco to cut onshore personnel by 15%

    02/19/2015

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    FMC Technologies to cut approximately 2,000 jobs

    02/12/2015 In a Feb. 11 quarterly earnings conference call, FMC Technologies CEO John Gremp told investors that the company will shed approximately 2,000 employees in order to rein in costs following the coll...

    Weatherford to slash costs, workforce to combat market conditions

    02/05/2015 Due to quickly changing market conditions, Weatherford International Plc is realigning and reducing its cost and organizational structures to match the new environment, including eliminating 5,000 ...

    Schlumberger to acquire minority share in Eurasia Drilling

    01/20/2015 Schlumberger Ltd. has secured an agreement to acquire a minority equity interest in Eurasia Drilling Co. Ltd. The agreement extends the companies’ relationship forged with their strategic alliance ...

    Apache, Schlumberger, ConocoPhillps, BP to cut jobs amid oil price slide

    01/16/2015 Apache, Schlumberger, ConocoPhillips, and BP are all implementing job cuts in the midst of slumping oil prices. Their actions follow oilfield companies like Halliburton, which began layoffs from it...

    Schlumberger Website

    http://www.slb.com/

     

    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

    Statoil adds acreage in Gulf of Mexico Central Lease Sale

    Statoil was the apparent high bidder on 14 leases in the US Department of the Interior’s central region Gulf of Mexico lease sale 235, which occurred in New Orleans, Louisiana.

    Petroceltic accepts resignation of two directors

    Petroceltic International plc, an Irish oil and gas exploration and production company based in Dublin, has accepted the resignations of two non-executive directors, Don Wolcott and Joe Mach, effective immediately.

    ZaZa Energy updates on East Texas Lower Cretaceous operations

    ZaZa Energy Corp. has provided information on 30-day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas, and the proposal of two new Buda-Rose vertical wells in its vicinity. 

    Ensco to cut onshore personnel by 15%

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    Statoil, partners submit development plan for Johan Sverdrup

    Statoil and its partners have submitted the plan for development and operation for Johan Sverdrup, Phase 1, to the Norwegian Ministry of Petroleum and Energy.

    Statoil, partners complete two-well program in Krafla area of North Sea

    Operator Statoil has, together with its PL035 partners, completed a two-well program in the Krafla area in the North Sea. The Krafla area is located 25 kilometers southwest of Oseberg South in the North Sea.

    Inpex begins production from Nasr field offshore Abu Dhabi

    Inpex Corp., through its wholly owned subsidiary, Japan Oil Development Co. Ltd. (JODCO), has begun oil production from the Nasr oil field offshore Abu Dhabi, UAE.