Oil Markets News

`Unusual market activity' in Venoco stock

Wed, 16 May 2012 20:37:00 GMT

Denver-based Venoco Inc. [NYSE: VQ] said May 16 that it has been contacted by the New York Stock Exchange regarding the “unusual market activity” in the company’s common stock. The company stated that its policy is not to comment on unusual market activity and that it has no pending announcements.

Peregrine Midstream subsidiary fast tracks gas storage facility in Western Rockies

Wed, 09 May 2012 19:55:00 GMT

Ryckman Creek Resources, LLC, a wholly-owned subsidiary of Peregrine Midstream Partners LLC, has started gas injections at its new high-deliverability, multi-cycle (HDMC) Ryckman Creek Gas Storage Facility in southwestern Wyoming near the Opal Hub. Construction of the 35 Bcf facility started in late September 2011. First gas injections from Northwest Pipeline commenced on May 1, 2012, followed by gas injections from Overthrust Pipeline several days later.

OTC poll: Oil, gas operators should be liable for E&P risks

Wed, 02 May 2012 17:59:00 GMT

A poll of delegates attending the Offshore Technology Conference (OTC) in Houston has revealed that oil and gas professionals think operators should be liable for the risks associated with their exploration and production activity. Of those polled, 66% thought that operators should accept complete liability, while 33% thought that E&P risk should be passed on to contractors.

Depleting crude oil reserves drive natural gas industry

Wed, 02 May 2012 17:09:00 GMT

With the reserves-production ratios of developed nations such as the US and Canada reaching alarming levels, and Middle Eastern resources depleting rapidly, there is widespread concern over crude oil future fuel replacement, according to a new report by natural resources expert GBI Research.

ATP begins drilling at Shimshon off the coast of Israel

Tue, 01 May 2012 22:51:00 GMT

Houston-based ATP Oil & Gas Corporation (NASDAQ: ATPG) and its wholly-owned subsidiary ATP East Med BV said April 30 that they have initiated drilling at the Shimshon well in the Levant Basin of offshore Israel in the eastern Mediterranean Sea with the Ensco 5006 drilling unit.

Sumitomo, Tokyo Gas secure US LNG from Dominion

Fri, 27 Apr 2012 17:38:00 GMT

Sumitomo Corp., reported to be Japan’s third- largest trading house, and Tokyo Gas Co. have secured a supply contract for LNG with Richmond, Va.-based Dominion Resources Inc.

Halcón Resources to acquire GeoResources for $1B

Fri, 27 Apr 2012 16:05:00 GMT

Halcón Resources Corp. and GeoResources, Inc. announced April 25 that they have entered into a definitive merger agreement in which GeoResources will merge into a wholly-owned subsidiary of Halcón Resources in a cash and stock transaction that values GeoResources at approximately $1 billion, based on the closing price of Halcón Resources common stock on April 24.

NBB urges Congress to reinstate biodiesel tax incentive

Thu, 26 Apr 2012 20:25:00 GMT

The National Biodiesel Board (NBB) today called on Congress to reinstate the biodiesel tax incentive to avoid further disruption to an emerging American industry that is creating jobs across the country while diversifying US energy supplies.

Investor interest returns to Montney Shale play

Wed, 25 Apr 2012 16:58:00 GMT

Canada’s Montney Shale play is gaining huge attention due to its unconventional gas reserves, securing enormous investments as operators compete for valuable areas, a new report by GlobalData has found.

Volcker Rule pushed back until at least 2014

Thu, 19 Apr 2012 18:27:00 GMT

The largest US banks will have until July 21, 2014 to fully conform to the Volcker Rule, which is regulation aimed at restricting speculative trading by banks with their own money, bank regulators said April 19.

Scotiabank closes deal to acquire Howard Weil Inc

Wed, 18 Apr 2012 22:50:00 GMT

Toronto-based Scotiabank said April 18 that it has closed the acquisition by Scotia Capital Inc. of Howard Weil Incorporated, a US energy investment boutique with major offices in New Orleans and Houston. Terms of the transaction were not disclosed.

Pricey crude supports oil industry stability

Wed, 18 Apr 2012 21:30:00 GMT

High oil prices continue to support stable credit quality for US exploration and production (E&P) companies this year, according to Standard & Poor’s.

NorTex Midstream launches new gas trading point

Tue, 17 Apr 2012 16:48:00 GMT

Houston-based NorTex Midstream Partners LLC, in cooperation with Atlanta’s Intercontinental Exchange (ICE), has launched a natural gas trading point in the Dallas-Fort Worth area.

Dodd-Frank implications topic of Midstream Breakfast

Wed, 11 Apr 2012 18:34:00 GMT

Whether the oil and gas industry is prepared for new financial controls the Dodd-Frank Act will impose as soon as mid-July will be the topic of UHY Advisors’ quarterly Midstream Breakfast on Thursday, April 19, in Houston.

OGFJ contributor, blogger to speak April 24

Tue, 10 Apr 2012 16:51:00 GMT

Aaron Ball, a frequent Oil & Gas Financial Journal contributor and blogger, and his colleague Eric Cassidy – both with the law firm Squire, Sanders & Dempsey LLP – will speak on Tuesday, April 24 at the Houston Bar Association, Oil, Gas & Mineral Law Section’s monthly program luncheon.

OGFJ100P company update

Sun, 01 Apr 2012 05:00:00 GMT

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

Oil futures close quarter with 4 percent gain

Fri, 30 Mar 2012 19:10:00 GMT

Crude oil futures ended moderately higher on March 30 – sufficient to send first-quarter 2012 gains to 4.2%.

Standard and Poors revises NGL price assumptions

Fri, 30 Mar 2012 18:42:00 GMT

Standard & Poor’s Ratings Services has revised its natural gas liquids (NGL) pricing assumptions for 2012, 2013, and 2014, according to a report published March 30.

NOIA comments on Atlantic OCS statement

Wed, 28 Mar 2012 20:43:00 GMT

The National Ocean Industries Association (NOIA) said March 28 that the Draft Programmatic Environmental Impact Statement (DPEIS) for the Mid- and South Atlantic G&G Activities announced by the US Department of the Interior is an important first step toward potential energy exploration and development in the Atlantic Outer Continental Shelf (OCS).

Volcker Rule will impact US energy industry

Wed, 28 Mar 2012 20:01:00 GMT

How will the Volcker Rule affect oil and gas companies? The Volcker rule is a specific section of the Dodd-Frank Wall Street Reform & Consumer Protection Act intended to restrict certain kinds of speculative investments that do not benefit their customers.

Texas lost money and jobs from declining natural gas use

Mon, 26 Mar 2012 23:09:00 GMT

Oil companies exiting refining business

Wed, 21 Mar 2012 16:50:00 GMT

Total and EDF to build solar research center

Tue, 13 Mar 2012 19:42:00 GMT

Canadian oil exports to US set to rise

Thu, 08 Mar 2012 21:04:00 GMT

API urges Obama to take steps on crude prices

Thu, 08 Mar 2012 18:02:00 GMT

ExxonMobil making massive energy investment

Thu, 08 Mar 2012 17:01:00 GMT

Talisman Energy to sell non-core coal assets for US$500M

Thu, 08 Mar 2012 16:40:00 GMT

Calgary-based Talisman Energy Inc. has agreed to sell certain non-producing, non-core coal properties in Northeast British Columbia to Xstrata Coal for US$500 million in cash.

CERA report says energy can drive economic engine

Wed, 07 Mar 2012 18:04:00 GMT

Part II: Oil and gas company valuation, reserves, and production

Thu, 01 Mar 2012 06:00:00 GMT

The value of an oil and gas company value is determined by its reserves, level of production, earnings, growth potential, production cost, commodity price at the time of the assessment, and a number of secondary factors.

Shell makes move towards Kenya, Mozambique with $1.56B offer for Cove Energy

Wed, 22 Feb 2012 19:12:00 GMT

Royal Dutch Shell is making a move to enter the hydrocarbon-rich areas of Kenya and Mozambique with a proposed offer to acquire Cove Energy plc for US$1.56 billion (GBP 992.4 million).

Chesapeake Energy targets $10-$12B in asset monetizations

Mon, 13 Feb 2012 18:06:00 GMT

Chesapeake Energy Corp. provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013.

Quicksilver Resources files $250M IPO to reduce debt

Fri, 10 Feb 2012 17:27:00 GMT

Quicksilver Production Partners LP, a wholly-owned subsidiary of Quicksilver Resources Inc., filed a registration statement February 10, 2012, on Form S-1 with the US SEC related to the proposed IPO of common units representing limited partner interests.

OMV appoints Deutsche Bank to handle divestment program

Fri, 13 Jan 2012 20:28:00 GMT

Deutsche Bank has been appointed as the investment bank to handle the structuring and implementation of the divestment program in the R&M business segment.

ANGA applauds White House commitment to natural gas

Fri, 13 Jan 2012 17:47:00 GMT

The following is a statement by Regina Hopper, president and CEO of America's Natural Gas Alliance (AN GA), on the recent White House briefing paper on “Investing in America,” which highlights the key role American natural gas can play in advancing our nation’s economic recovery.

ConocoPhillips names additional executives for post-split companies

Wed, 11 Jan 2012 18:26:00 GMT

ConocoPhillips has made additional appointments to the executive management teams for the two energy companies that will be created when ConocoPhillips completes its strategic repositioning, expected in the second quarter of this year.

Survey shows capital spending to rise in 2012

Wed, 04 Jan 2012 23:13:00 GMT

According to a just-released survey by Dahlman Rose & Co., oil and gas companies are projected to spend more for exploration and production this year in spite of slow economic growth and concerns about sovereign debt in Europe and elsewhere globally.

OGFJ100P company update

Sun, 01 Jan 2012 06:00:00 GMT

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

Weekly Update: Shell and ENI gamble on Nigeria whilst Total plays it safe in North Sea

Fri, 09 Dec 2011 21:30:00 GMT

There were three large deals by super majors this week as Total played it safe by acquiring a producing North Sea asset whilst Royal Dutch Shell and ENI opted for a high risk but high reward asset in Nigeria.

Royale looks to add oil to its portfolio with Alaska acreage

Thu, 08 Dec 2011 18:32:00 GMT

Royale Energy Inc. was selected by the State of Alaska as a winning bidder on acreage in the North Slope Area wide lease sale.

Ecopetrol marks $8.48B for 2012 CAPEX

Wed, 23 Nov 2011 19:02:00 GMT

Ecopetrol reported its approved investment plan for the year 2012 and the update of the strategic plan for the Corporate Group for the 2012-2020 period.

ConocoPhillips names future execs

Mon, 21 Nov 2011 21:03:00 GMT

ConocoPhillips will make future appointments to the executive management teams of the two energy companies that will be created when ConocoPhillips completes its strategic repositioning, expected in the second quarter of 2012.

The economic impact of Canada/North America becoming a net gas exporter

Fri, 04 Nov 2011 19:45:50 GMT

The global economy is moving toward a gas-powered economy. This is being driven by several reasons, but it's making abundant North American natural gas a potential valuable commodity for export in the form of LNG to worldwide markets.

ANGA comments on EPA's final hydraulic fracturing study plan

Thu, 03 Nov 2011 20:35:30 GMT

On Nov. 3, Daniel Whitten, vice president of strategic communications for America’s Natural Gas Alliance (ANGA) released the following statement on the US Environmental Protection Agency’s final hydraulic fracturing study plan.

Cold front to bring increased heating demand to Midwest and Northeast

Wed, 26 Oct 2011 16:10:40 GMT

A progressive cold front will bring a brief shot of winter-like weather and increased heating demand to portions of the Midwest and Northeast today through the weekend, according to MDA EarthSat Weather.

Yergin: Death of Qaddafi will have limited impact on Libyan oil production

Thu, 20 Oct 2011 21:50:20 GMT

IHS CERA Chairman Daniel Yergin says that news of the death of Libyan dictator Muammar Qaddafi will have a minimal impact on Libyan oil production and global oil markets.

Quicksilver Resources to create MLP with Barnett assets to reduce debt

Thu, 20 Oct 2011 16:15:50 GMT

Forth Worth, TX-based natural gas and crude oil exploration and production company Quicksilver Resources Inc. announced its intent October 19 to create an MLP with a portion of its Barnett Shale assets.

Williams to spin-off E&P business by year-end

Wed, 19 Oct 2011 15:40:00 GMT

The board of directors of Williams has approved a revised plan to separate the company's businesses into two stand-alone, publicly traded corporations.

Weaver expands energy credit brokering services

Tue, 27 Sep 2011 16:40:10 GMT

Independent accounting firm Weaver is expanding its energy credit brokering services as part of the renewable and energy compliance practice, effective October 3, 2011.

New CEO, new investment and new brand identity for RLC

Thu, 15 Sep 2011 15:35:50 GMT

RLC, a large, privately-held helicopter operator for the oil & gas industry in the Gulf of Mexico, has appointed a new CEO, secured a strategic investment from Sankaty Advisors, and unveiled a new corporate brand identity.

S&P keeps 'credit watch negative' designation on ConocoPhillips

Mon, 12 Sep 2011 21:30:10 GMT

Standard & Poor’s Ratings Services said Sept. 12 that its ratings on ConocoPhillips, including its “A” corporate credit and senior unsecured debt and its “A-1” short-term commercial paper ratings, will remain on CreditWatch with negative implications where they were placed on July 14. S&P says it will either affirm or lower the ratings upon completion of its review.

IPAA chooses the University of Houston for Executive Leadership Program

Wed, 07 Sep 2011 19:50:30 GMT

The Independent Petroleum Association of America (IPAA) has selected the University of Houston’s Bauer College of Business Global Energy Management Institute (GEMI) for its Executive Leadership Program for Energy Professionals.

Kidnappings on rise in oil industry: Can kidnap and ransom insurance help?

Thu, 01 Sep 2011 05:00:00 GMT

On June 9, 2011, alleged FARC guerrillas in Colombia kidnapped four employees of the British oil company Emerald Energy, a subsidiary of the Chinese petrochemical company Sinochem.

Safety in numbers

Thu, 01 Sep 2011 05:00:00 GMT

It was still dark when the lease operator pulled up to the first well on his assigned production route.

PEMEX's head of E&P has plan for increasing production capacity

Thu, 01 Sep 2011 05:00:00 GMT

AN INTERVIEW WITH PEMEX'S CARLOS MORALES GIL

Suárez Coppel is building PEMEX despite constitutional restrictions

Thu, 01 Sep 2011 05:00:00 GMT

AN INTERVIEW WITH DR. JUAN JOSÉ SUÁREZ COPPEL

Staffing strategies for large projects must tackle many diverse issues

Thu, 01 Sep 2011 05:00:00 GMT

Project execution of oil and gas facilities construction projects requires consideration and integration of many factors.

Dynamic Offshore Resources pays $182.4 million for XTO Gulf of Mexico properties

Wed, 31 Aug 2011 20:30:10 GMT

Dynamic Offshore Resources LLC has acquired substantially all of the Gulf of Mexico properties of XTO Offshore Inc. and other related subsidiaries of ExxonMobil Corp., for $182.5 million.

Raymond James says US domestic natural gas supply forecast is unchanged

Tue, 23 Aug 2011 20:45:10 GMT

Research published by the Raymond James Energy Group the week of Aug. 22 says the consensus forecast this coming season calls for a flattening of the US domestic gas supply curve rather than an outright decline.

Wood Mackenzie expects strong prospective value growth in upstream oil and gas

Mon, 22 Aug 2011 15:55:00 GMT

Research and consulting firm Wood Mackenzie dispels talk that the oil and gas business is a “sunset industry” in a new report titled “The changing face of upstream value.”

El Paso takes another step in E&P spin-off plan

Thu, 11 Aug 2011 15:45:40 GMT

El Paso Corp. has advanced its plans to spin-off its E&P business before year-end 2011.

Dubai Mercantile Exchange sets records in July

Mon, 08 Aug 2011 14:10:40 GMT

The Dubai Mercantile Exchange set two new trading records during the month of July, according to a press release issued on Aug. 8.

Encore Energy to form Texas operating company

Wed, 03 Aug 2011 17:40:30 GMT

Encore Energy Inc. announced plans to form an operating company in Texas.

TEPCO Wheatstone LNG deal with Chevron signals natural gas rebuild

Thu, 28 Jul 2011 16:45:50 GMT

TEPCO has signed a long-term agreement with Chevron Corp. and subsidiaries of Apache and KUFPEC for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.

Murphy will sell Wisconsin refinery

Mon, 25 Jul 2011 23:15:20 GMT

Murphy Oil Corporation on July 25 said its wholly-owned subsididary, Murphy Oil USA Inc., will sell its oil refinery in Superior, Wisconsin, and related assets to Calumet Specialty Products Partners LP for $214 million plus the value of the hydrocarbon inventory.

Hilcorp to buy Chevron Cook Inlet assets

Wed, 20 Jul 2011 15:35:30 GMT

In a deal with Alaskan Chevron subsidiary Unocal, private operator Hilcorp has acquired Cook Inlet oil and gas assets for an undisclosed sum.

Fraser Institute: US should support human rights by not restricting imports of Canadian oil

Tue, 19 Jul 2011 22:56:00 GMT

A new study released July 19 by the Fraser Institute, a Canadian public policy think-tank, concludes that attempts to restrict US imports of Canadian oil ignore the reality of US dependence on foreign oil and could force America to buy oil from repressive governments that restrict civil, political, and economic freedoms.

Canaccord Genuity is bullish on Halliburton, less so on Schlumberger

Tue, 19 Jul 2011 21:35:20 GMT

Canaccord Genuity analyst Scott Burk recently had positive things to say about Halliburton (NYSE: HAL) and several other oilfield services firms, including Baker Hughes, Basic Energy Services, and Weatherford, but added, “The read-through is potentially negative for Schlumberger, which needs to see international growth and margin improvement to outperform its large-cap peers.”

Shell takes center stage at world ethanol and biofuels conference

Thu, 14 Jul 2011 15:35:40 GMT

Mark Gainsborough, executive vice president of strategy, portfolio, and alternative energy at Shell, will give the keynote speech at the 2011 World Ethanol and Biofuels Conference being held Nov. 7-10 in Barcelona, Spain.

ConocoPhillips prepares for spin-off, CEO retirement

Thu, 14 Jul 2011 15:15:40 GMT

Following a strategy enacted by other oil and gas companies before it, Houston-based oil and gas supermajor ConocoPhillips is planning a spin-off into two, stand-alone public companies.

Dynamic Offshore credits significant GoM growth for new $750M credit facility

Fri, 08 Jul 2011 16:35:00 GMT

Dynamic Offshore Resources LLC has entered into a new four-year, $750 million senior secured credit facility on July 7 with a syndicate of ten banks led by The Royal Bank of Scotland plc.

MJLM adds strategy and operations practice

Wed, 06 Jul 2011 15:25:10 GMT

Houston-based McConnell Jones Lanier & Murphy LLP (MJLM), one of the largest African-American-owned accounting and consultancy firms in the US, has expanded its consulting and business advisory practice with the addition of the strategy and operations practice.

Marathon Oil becomes independent upstream company

Fri, 01 Jul 2011 15:00:50 GMT

Marathon Oil Corp. has completed the spin-off of Marathon Petroleum Corp. (NYSE: MPC), making Marathon Oil an independent upstream company.

OGFJ100P company update

Fri, 01 Jul 2011 05:00:00 GMT

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

Selecting among dissimilar assets: A portfolio solution

Fri, 01 Jul 2011 05:00:00 GMT

As a portfolio management consultant, I am often asked: How can a company compare and choose among investment opportunities that are fundamentally different in character, or that occur in different time frames?

What's fueling the digital shift in many corporate boardrooms?

Fri, 01 Jul 2011 05:00:00 GMT

Oil and gas company boards look a lot different today than they did a few years ago.

Repsol is pioneering in the African Atlantic margin

Fri, 01 Jul 2011 05:00:00 GMT

The difference between genius and madness is in the success. One might apply this aphorism to Repsol's activity in West Africa.

Graves & Co. moves to new location

Tue, 28 Jun 2011 22:00:40 GMT

Oil and gas consulting firm Graves & Co. has relocated its home office to Continental Center I at 1600 Smith Street in Houston.

Shell, governments agree on funding for Canadian CO2 storage project

Fri, 24 Jun 2011 21:05:40 GMT

On June 24, Shell announced it had signed agreements with the provincial government of Alberta and the national government of Canada to secure $865 million in funding for its Quest Carbon Capture and Storage (CCS) Project in Canada.

Pew Environment Group comments on USGS Arctic Ocean science review

Thu, 23 Jun 2011 20:00:40 GMT

Marilyn Heiman, director of the Pew Environment Group’s US Arctic Program, issued the following statement in response to the June 23 release of the US Geological Survey’s (USGS) Arctic Ocean science review.

Shell, CNPC sign alliance agreement, establish well manufacturing JV

Wed, 22 Jun 2011 15:05:20 GMT

Shell and China National Petroleum Co. (CNPC) signed a Global Alliance Agreement emphasizing their shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China.

Experts say North American LNG exports could break into world markets

Mon, 20 Jun 2011 16:10:10 GMT

World gas spot price will be the driving factor in whether LNG exports become a viable option for excess North American gas supply, according to Dr. Robert Brooks, Founder of RBAC, Inc., who addressed a recent conference of energy market modelers in Houston.

Laredo to pay $1B to buy Broad Oak, extended access to Wolfberry

Thu, 16 Jun 2011 18:10:20 GMT

Privately held Laredo Petroleum Inc. has entered a definitive agreement to buy Broad Oak for roughly $1 billion.

Private companies see strong US economy with hiring gaining momentum

Tue, 07 Jun 2011 15:05:50 GMT

Signaling sustained confidence in the strength of the domestic market, 64% of private-company executives surveyed for PricewaterhouseCoopers’s US private company Trendsetter Barometer study say they’re optimistic about the US economy’s prospects over the next 12 months, up one point from last quarter and 13 points from a year ago.

Safety in numbers

Thu, 02 Jun 2011 15:10:10 GMT

Salamander Energy refinances debt on heels of JXNOEX farm-out agreement

Wed, 01 Jun 2011 18:45:30 GMT

Asia-focused independent upstream oil and gas company Salamander Energy plc has executed a farm-out agreement with JX Nippon Oil & Gas Exploration Corp. (JX-NOEX) and completed a debt refinancing.

Marathon Oil buys Eagle Ford assets from Hilcorp, KKR partnership for $3.5B

Wed, 01 Jun 2011 15:10:30 GMT

Iraq minister says oil export plans ahead of schedule

Thu, 26 May 2011 15:55:20 GMT

Hussain al-Shahristani, Iraq’s deputy prime minister for energy, has told a conference that plans to develop oil production are “going faster than contracted.” While exact details of the advance have not been released, Iraq’s ambitious energy plans could establish the country as a major exporter to rival Saudi Arabia.

Marathon's board approves spin-off of downstream business

Wed, 25 May 2011 21:25:20 GMT

Houston-based Marathon Oil Corporation said May 25 that its board of directors has approved the spin-off of its downstream business through the distribution of shares of Marathon Petroleum Corporation (MPC) to holders of Marathon Oil common stock.

Boone Pickens responds to Obama's natural gas fleet order

Wed, 25 May 2011 20:15:20 GMT

On May 24, legendary oilman and energy expert T. Boone Pickens responded to President Barack Obama’s Federal Fleet Memorandum, which ordered that by Dec. 31, 2015, all new light-duty vehicles leased or purchased by agencies must be alternative-fueled vehicles.

El Paso plans spinoff into two publicly traded companies

Tue, 24 May 2011 15:30:30 GMT

Global oil and gas industry entering Darwinian phase

Tue, 17 May 2011 15:10:30 GMT

The international petroleum industry has entered a “Darwinian phase” in which the most adaptable companies will survive, and those that are too rigid and inflexible won’t.

KPMG survey reveals most energy execs see oil over $121 this year

Thu, 12 May 2011 22:40:10 GMT

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with most (64%) predicting crude prices to exceed $121 per barrel.

Breitling CEO predicts $5 gasoline by end of year

Tue, 26 Apr 2011 19:01:00 GMT

Gasoline prices will remain high in the near term and may rise to around $5 a gallon by the end of 2011, according to Chris Faulkner, CEO of Breitling Oil and Gas Corporation.

Brazil's Petrobras signs agreements with Sinopec and Sinochem

Fri, 15 Apr 2011 16:25:20 GMT

On Friday, April 15, during a visit to Beijing, Petrobras CEO José Sergio Gabrielli de Azevedo and Guilherme Estrella, exploration and production director, signed two important agreements with Chinese companies Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation).

Providence sells GOM assets to Dynamic Resources

Fri, 01 Apr 2011 16:45:50 GMT

Ireland-based Providence Resources plc has sold its US oil and gas portfolio in the Gulf of Mexico to Dynamic Offshore Resources LLC for $15 million in cash up front and an additional $7 million deferred cash payment.

OGFJ100P company update

Fri, 01 Apr 2011 05:00:00 GMT

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

Miller Energy Resources moving from NASDAQ Global Market to NYSE

Thu, 31 Mar 2011 15:55:20 GMT

Miller Petroleum Inc., d/b/a Miller Energy Resources, an oil and natural gas exploration, production, and drilling company said March 31 that it is transferring the listing of its common stock from the NASDAQ Global Market to the New York Stock Exchange.

ANGA issues statement on Obama's remarks about natural gas

Wed, 30 Mar 2011 18:10:20 GMT

Tom Amontree, America’s Natural Gas Alliance’s executive vice president, issued the following statement on President Obama’s remarks March 30 that natural gas provides America with a clean and abundant energy source that can fuel our economy for generations to come.

PXP considers separating deepwater, onshore business as it plans senior notes offering

Thu, 24 Mar 2011 17:10:10 GMT

As Houston-based PXP mulls options for separating its onshore and deepwater businesses, the company is planning an underwritten publis offering of senior notes due 2021.

ConocoPhillips to sell additional $5 - $10 billion in assets

Wed, 23 Mar 2011 16:00:00 GMT

ConocoPhillips told the financial community in New York on March 22 that it plans to sell an additional $5-$10 billion of non-core assets over the next two years.

China report shows expanding gas supply to 2015

Tue, 22 Mar 2011 14:00:00 GMT

China’s natural gas supply will top 240 billion cubic meters (nearly 8.5 trillion cubic feet) per year, according to the country’s most recent five-year plan.

Global X Funds launches oil equities ETF

Tue, 15 Mar 2011 21:25:30 GMT

New York-based Global X Funds, a provider of exchange traded funds (ETFs), has launched a new fund: the Global X Oil Equities ETF (NYSEArca: XOIL).

Facebook Revolution in Egypt ultimately will be good for capitalism

Wed, 02 Mar 2011 17:55:10 GMT

Tammer Qaddumi, a private equity analyst native to Houston and currently based in Abu Dhabi, takes a look at the fall of the Mubarak regime and its impact on Egypt's economy, the economic relationship of Egypt to the rest of the world, and its impact on Egypt’s fledgling capitalist system.

Range sells Barnett Shale assets to help fund 2011 capital spending

Tue, 01 Mar 2011 20:20:10 GMT

On Feb. 28, Range Resources Corp. announced its plan to sell its Barnett Shale properties in the Fort Worth Basin to a private company for $900 million.

Report: Private companies hold key to Bakken Shale in ND

Tue, 15 Feb 2011 17:55:10 GMT

A special study that compared well performance of private versus public companies operating in the Bakken/Three Fork shale play in North Dakota shows that smaller, private companies have some of the best acreage and wells in the region, says IHS.

Voyager trims Bakken activity while Niobrara operations ramp up

Tue, 25 Jan 2011 17:40:10 GMT

Billings, Mont.-based Voyager Oil & Gas recently provided an update on its Bakken Shale and Niobrara Shale operations.

Magnum Hunter grows liquids rich shale with NuLoch acquisition

Thu, 20 Jan 2011 18:05:40 GMT

Magnum Hunter Resources Corp. is growing its Bakken Shale acreage with a definitive agreement to acquire Williston Basin focused NuLoch Resources for US$327 million.

Beyond the pipeline

Sat, 01 Jan 2011 06:00:00 GMT

Are hydrocarbon producers the new MLPs?

The bright shining lie between hedging and speculation

Sat, 01 Jan 2011 06:00:00 GMT

Hedging is good. Speculating is bad. That seems to be the zeitgeist. In the US, the Dodd-Frank financial overhaul goes so far as to bar banks from proprietary trading, speculation by another name.

OGFJ100P company update

Sat, 01 Jan 2011 06:00:00 GMT

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

OGFJ100P company update

Sat, 01 Jan 2011 06:00:00 GMT

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

Crimson Exploration refinances second lien facility

Tue, 28 Dec 2010 20:10:40 GMT

Crimson Exploration expanded its second lien facility and extended its maturity by three years.

Magnum Hunter Resources to acquire NGAS Resources

Mon, 27 Dec 2010 17:05:50 GMT

NGAS Resources Inc. has announced a definitive agreement to be acquired by Magnum Hunter Resources Corp. in an all-stock transaction valued at roughly $98 million.

Oil price prediction: $100 in 1Q and $150 by summer

Sun, 26 Dec 2010 22:30:50 GMT

The price of a barrel of crude oil could soar to nearly $150 a barrel by summer, according to Joe Petrowski, CEO of Gulf Oil and the Cumberland Gulf Group. Petrowski made the statement on a CNBC program on Dec. 23.

Chesapeake shares surge as investor Carl Icahn doubles stake in company

Tue, 21 Dec 2010 16:25:20 GMT

Shares in Chesapeake Energy Corp. have surged in recent days after word got out that billionaire investor Carl Icahn had boosted his stake in the company.

South Korea's Daewoo plans $2.5B LNG FPSO for Papua New Guinea

Tue, 21 Dec 2010 15:00:00 GMT

On Dec. 20, Daewoo Shipbuilding announced plans to build a floating processing, storage and offloading (FPSO) liquefied natural gas (LNG) facility for a $2.5 billion project in Papua New Guinea.

Shares of QR Energy begin trading on NYSE

Fri, 17 Dec 2010 22:05:20 GMT

Shares of QR Energy LP began trading at $19.68 at mid-morning on Dec. 17 on the New York Stock Exchange, slightly below the $20 IPO price. By the end of the day, shares had fallen 2% to $19.60.

RigNet prices IPO

Thu, 16 Dec 2010 15:00:20 GMT

Oilfield communications company RigNet Inc. has made an initial public offering of 5,000,000 shares of its common stock at $12.00 per share.

Antero Resources acquires Bluestone Energy, adds to Marcellus acreage

Thu, 02 Dec 2010 16:05:40 GMT

Independent oil and natural gas company Antero Resources has acquired Bluestone Energy Partners, adding to the company’s Marcellus shale acreage position.

Keppel aims to become the provider of choice for offshore and marine

Wed, 01 Dec 2010 06:00:00 GMT

AN INTERVIEW WITH CHOO CHIAU BENG, CEO OF KEPPEL CORP.

Purvin & Gertz Launches Global Crude Oil Market Outlook

Mon, 29 Nov 2010 20:30:50 GMT

Independent energy consulting firm Purvin & Gertz has launched a new study, the 2010 Global Crude Oil Market Outlook.

Hess acquires more Bakken acreage for $1.05B

Tue, 23 Nov 2010 17:35:20 GMT

Hess Corp. has agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy LLC for $1.05 billion in cash.

Societe Generale adds Herrlin to head US Energy Research

Fri, 19 Nov 2010 20:30:00 GMT

Societe Generale Corporate & Investment Banking has hired John P. Herrlin Jr. to head its oil and gas equity research in the US.

Burleson Cooke adds lawyers to Pittsburgh office

Thu, 11 Nov 2010 21:05:10 GMT

Burleson Cooke has added three new attorneys to the energy law firm’s Pittsburgh office.

BPZ Resources engages Credit Suisse as financial advisor

Fri, 05 Nov 2010 15:35:20 GMT

BPZ Resources Inc. has engaged Credit Suisse Securities (USA) LLC as its financial advisor to assist in pursuing joint venture partnerships, and/or farm-outs for some or all of the company's assets, and options for financing its operations in northwest Peru.

Baird continues energy sector expansion, adds two research teams

Thu, 04 Nov 2010 20:00:00 GMT

Baird, an international employee-owned financial services firm, has added two Equity Research teams and launched coverage of energy master limited partnerships (MLPs).

Former Louisiana AG investigating EXCO proposal to take the company private

Tue, 02 Nov 2010 20:00:00 GMT

New Orleans law firm Kahn Swick & Foti LLC (KSF) and Charles C. Foti, a former Louisiana Attorney General and a partner in the law firm, issued a statement Nov. 2 saying they are investigating Dallas-based EXCO Resources following Chairman and CEO Douglas H. Miller’s proposed acquisition of all outstanding shares of stock in a bid to take the company private.

Energen adds additional Permian Basin acreage to portfolio

Tue, 02 Nov 2010 16:00:00 GMT

Energen Resources Corp., the oil and gas exploration and production subsidiary of Energen Corp., has agreed to purchase 10,360 net Wolfberry acres in the southeast portion of the Permian Basin for $75 million from a private seller.

Energy Trading Risk Management

Mon, 01 Nov 2010 05:00:00 GMT

EnerVest to buy Barnett shale assets from Talon

Wed, 27 Oct 2010 19:10:30 GMT

Houston-based EnerVest Ltd. has entered the Barnett shale with an agreement to purchase oil and natural gas assets from privately held Talon Oil & Gas LLC for $967 million.

Moore to succeed Erickson as Cameron chairman

Mon, 25 Oct 2010 20:20:40 GMT

Oil and gas products and services provider Cameron International Corp. has named the company's president and CEO, Jack B. Moore, chairman of the company's board of directors.

Lucas Energy sees first Eagle Ford well drilled in Gonzales County

Fri, 22 Oct 2010 17:00:50 GMT

Privately-held Hilcorp Energy Co. has started drilling the Hagen EF No.1H, an Eagle Ford horizontal well in Gonzales County, Texas.

Concho, Apache resolve Permian Yeso oil play rights dispute

Fri, 15 Oct 2010 15:00:00 GMT

The dispute concerning preferential rights to purchase interests in the Yeso oil play by Apache Corp. and Concho Resources Inc. has been resolved.

Chesapeake adds LNG professional to board of directors

Thu, 07 Oct 2010 16:25:40 GMT

Chesapeake Energy Corp. has appointed Kathleen Eisbrenner to the board of directors, effective December 1, 2010.

Antero Resources to sell Woodford shale midstream assets for $268 million

Fri, 01 Oct 2010 15:55:10 GMT

Antero Resources has entered into definitive agreements to sell its midstream assets located in the Woodford Shale area of the Arkoma Basin of Oklahoma to affiliates of Cardinal Midstream LLC for $268 million in cash.

Enerplus acquires Marcellus acreage, looks for corporate status

Fri, 01 Oct 2010 15:05:40 GMT

In its quest to pursue growth and convert from an income trust to a corporation in the wake of changes in Canadian federal tax legislation, Enerplus Resources Fund has announced plans for a special unitholder meeting to gain approval for the plans.

OGFJ100P company update

Fri, 01 Oct 2010 05:00:00 GMT

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

Det norske appoints new CFO

Thu, 30 Sep 2010 20:30:40 GMT

Teitur Poulsen has been appointed as CFO of the Det norske.

Noble to develop Tamar gas field offshore Israel

Fri, 24 Sep 2010 14:10:10 GMT

Noble Energy Inc. has sanctioned the Tamar natural gas project offshore Israel. Discovered in 2009, Tamar is operated by Noble Energy and has total recoverable resources estimated at 8.4 trillion cubic feet of natural gas.

TIBCO Software acquires OpenSpirit

Thu, 23 Sep 2010 23:10:30 GMT

TIBCO Software Inc. has acquired OpenSpirit Corp., an independent provider of data and application integration solutions for the exploration and production segment of the global oil and gas market.

Voyager makes debt offering to fund Niobrara, Bakken development

Thu, 23 Sep 2010 16:10:50 GMT

Voyager Oil & Gas Inc. has issued $15 million in 12% senior secured notes to raise money for drilling and development of the company’s position in the Denver-Julesberg Basin Niobrara formation and the Williston Basin Bakken/Three Forks formation.

Latest SM Energy Bakken well appears mediocre

Mon, 20 Sep 2010 14:40:30 GMT

SM Energy’s latest Bakken shale well, the Nelson 4-29H in McKenzie County had an initial production rate of 671 boepd. The well is located in the Bear Den prospect of North Dakota where the company holds 17,000 acres.

Deutsche Bank says mid-term elections are likely to help 'rescue' oil prices

Fri, 10 Sep 2010 15:05:00 GMT

Look for the mid-term US elections in November to "rescue oil prices from fundamentally weak supply-and-demand conditions," says Adam Sieminski, an analyst with Deutsche Bank, who points out that the S&P 500 has rallied in 18 of the last 19 mid-term elections. The sole exception is the election of 1978.

Madison Williams initiates coverage of US exploration, production industry

Fri, 10 Sep 2010 15:00:40 GMT

Madison Williams and Co., a New York-based integrated capital markets and investment banking firm, has initiated coverage of the US Exploration & Production Industry under senior equity research analyst Andrew Coleman.

SuperDerivatives appoints Carnahan to head commodities, energy division

Thu, 09 Sep 2010 21:20:30 GMT

SuperDerivatives (SD), the derivatives benchmark and multi-asset front office system provider, has appointed Sean Carnahan as global director for commodities and energy.

HIRE Act offers significant tax savings

Tue, 07 Sep 2010 05:00:00 GMT

The Hiring Initiatives to Restore Employment (HIRE) Act, signed into law by President Obama on Mar. 18, includes two incentives that may provide significant tax savings for qualifying organizations that hire new employees.

Re-examining corporate governance

Wed, 01 Sep 2010 05:00:00 GMT

Regulatory agencies worldwide are taking a close look at how management and the boards of public companies can best protect the interests of customers, shareholders, and employees.

A safer bet

Wed, 01 Sep 2010 05:00:00 GMT

Balancing energy hedge fund risk appetite with risk aggregation and analytics

Renewed interest in royalty trusts

Wed, 01 Sep 2010 05:00:00 GMT

From a tax and cash distribution perspective, royalty trusts are similar to an upstream master limited partnership.

Renewed interest in royalty trusts

Wed, 01 Sep 2010 05:00:00 GMT

From a tax and cash distribution perspective, royalty trusts are similar to an upstream master limited partnership.

A safer bet

Wed, 01 Sep 2010 05:00:00 GMT

Balancing energy hedge fund risk appetite with risk aggregation and analytics

Preem selects Allegro ETRM solution

Tue, 31 Aug 2010 20:00:20 GMT

Preem AB, Sweden’s largest oil company, will implement Allegro Development Corp.’s Allegro 8 platform to manage its oil supply, trading, refining, logistics, sales, and marketing operations.

Bryan assumes chairman, CEO role at Resaca

Mon, 30 Aug 2010 17:20:20 GMT

Resaca Exploitation Inc. has named J.P. Bryan, current chairman of the board, as chairman of the board and CEO. John J. "Jay" Lendrum, III will assume the role of vice chairman.

SM Energy growth overshadowed by funding gap

Tue, 24 Aug 2010 15:05:40 GMT

After SM Energy announced its 2011 capex budget of $1 billion and outlined its plans to raise between $300 million and $500 million through asset sales and joint ventures, Jefferies & Co. Inc. released a report saying the company’s impressive growth was overshadowed by a funding gap.

Noble Energy completes sale of certain US onshore assets

Mon, 16 Aug 2010 14:30:40 GMT

Noble Energy Inc. has closed the previously announced sale of certain Mid-Continent and Illinois basin assets to an affiliate of Citation Oil & Gas.

Sanchez joins RiskAdvisory as ETRM consultant

Wed, 11 Aug 2010 21:00:00 GMT

RiskAdvisory has named Charlie Sanchez an Energy Trading & Risk Management (ETRM) industry consultant focusing on oil and gas trading operations.

Allegro releases enhanced credit risk management functionality

Thu, 05 Aug 2010 15:15:30 GMT

Allegro Development, a provider of energy trading and risk management (ETRM) systems, has released Credit Connect 8.1, a new component of the Allegro 8 platform that provides real-time access to credit and financial data, including credit ratings, company financials, credit metrics, market implied ratings, credit default swap pricing, and other key credit data for portfolio analysis.

MKM Partners hires energy research analyst Trimble

Wed, 04 Aug 2010 18:40:20 GMT

MKM Partners has hired Curtis Trimble as managing director in its equity research department to cover oil and gas exploration and production companies.

Tethys, HOPEC to farm-in to Tajikstani assets

Tue, 03 Aug 2010 20:00:00 GMT

Tethys Petroleum Ltd. has signed a Memorandum of Understanding with Holding Energy Petroleum Engineering Technology (HOPEC) for HOPEC to assist in introducing Tethys to Chinese State oil companies and investors to open discussions for those entities to farm-in to Tethys' assets in Tajikistan.

No. 25-ranked Laredo Petroleum arranges two new bank credit facilities

Mon, 26 Jul 2010 22:20:50 GMT

Privately held oil and gas company Laredo Petroleum Inc. has arranged two new bank credit facilities with Bank of America and Wells Fargo Energy Capital.

Apache to pay $7B for BP legacy assets

Tue, 20 Jul 2010 20:40:30 GMT

Apache Corp. (NYSE, Nasdaq: APA) has agreed to acquire all of BP's oil and gas operations, acreage, and infrastructure in the Permian Basin of West Texas and New Mexico and Egypt's Western Desert for roughly $7 billion.

Westmont Resources acquires wells in Chattanooga shale

Tue, 13 Jul 2010 16:35:10 GMT

Westmont Resources Inc. has completed an agreement that will extend Westmont's reach and resources with the acquisition of 92 wells in the Chattanooga Shale region in the northern tier of Tennessee from Domestic Energy Corp.

Oasis Petroleum completes $396M IPO

Tue, 13 Jul 2010 15:30:40 GMT

Houston-based Oasis Petroleum Inc. completed its initial public offering of 42,000,000 common shares (48,300,000 including the exercised overallotment option) at $14.00 per common share.

Shale seen as transforming gas into a global commodity

Fri, 09 Jul 2010 18:50:30 GMT

Speaking at the Colorado Oil & Gas Association’s annual Rocky Mountain Energy Conference in Denver, July 6-9, several industry experts agreed that shale gas is transforming the North American gas market and that natural gas will eventually become a global commodity in the same way that oil is today.

As cost pressures intensify, US gas prices to recover to between $6.50, $7

Thu, 08 Jul 2010 16:05:20 GMT

Wood Mackenzie told delegates at the 2010 Energy Epicenter Conference on July 7th that it expects US gas prices to recover to between $6.50 and $7 per million British thermal units (mmbtu) over the next few years as cost pressures intensify.

Total set to acquire UTS, interest in Fort Hills oil sands

Wed, 07 Jul 2010 15:35:50 GMT

Total E&P Canada Ltd. has agreed to acquire UTS Energy Corp. with its main asset, a 20% interest in the Fort Hills oil sands project in the Athabasca region of the Canadian province of Alberta, for C$1.5 billion (US$1.4 billion).

Prepare now for regulation of OTC derivatives

Thu, 01 Jul 2010 05:00:00 GMT

The aim of pending Congressional legislation is to increase transparency and reduce leverage, but the devil is in the definition.

OGFJ100P company update

Thu, 01 Jul 2010 05:00:00 GMT

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

Prepare now for regulation of OTC derivatives

Thu, 01 Jul 2010 05:00:00 GMT

The aim of pending Congressional legislation is to increase transparency and reduce leverage, but the devil is in the definition.

Gazprom closer to exporting gas to China, looks to partner in Alaska

Mon, 28 Jun 2010 15:00:40 GMT

Russia’s state-controlled gas giant, Gazprom, is steps closer to reaching an agreement to bring gas to China, and at the same time, has expressed an interest in participating in transportation and upstream projects in Alaska.

Bakken player Oasis Petroleum completes $396M IPO

Wed, 23 Jun 2010 17:30:30 GMT

Houston-based Oasis Petroleum Inc. – who has amassed a 300,000 net acreage position within the Bakken shale in North Dakota and Montana, has raised $396 million in its initial public offering.

Bromwich sworn-in to lead newly-renamed MMS

Mon, 21 Jun 2010 21:15:30 GMT

Secretary of the Interior Ken Salazar today swore-in former Justice Department Inspector General Michael Bromwich to lead the reorganization of the former Minerals Management Service (MMS).

Acergy, Subsea 7 enter $5.4B merger

Mon, 21 Jun 2010 16:25:10 GMT

Subsea oil and gas service providers Acergy and Subsea 7 have agreed to merge.

After second downgrade by Fitch, Standard & Poor's reassesses BP rating

Thu, 17 Jun 2010 21:25:30 GMT

On Tuesday, Fitch Ratings downgraded BP to BBB from AA after it was discovered that the oil spewing into the Gulf of Mexico resulting from the company-operated Macando well blowout was far greater than originally reported.

Australia coal seam gas company Bow Energy appoints CFO

Wed, 16 Jun 2010 16:40:10 GMT

Bow Energy Ltd. has appointed Peter Harbison CFO. Bow Energy Ltd.’s primary business is the discovery and commercial production of Coal Seam Gas (CSG) and conventional oil fields, with projects in several of Australia’s producing basins.

President Obama selects Bromwich to lead MMS reorganization

Tue, 15 Jun 2010 21:40:00 GMT

Today, President Barack Obama selected former Assistant US Attorney and Justice Department Inspector General Michael R. Bromwich to oversee the reorganization of the Minerals Management Service, the agency charged with the regulation and oversight of offshore oil drilling.

KKR, Hilcorp partner to develop Eagle Ford acreage

Mon, 14 Jun 2010 14:15:40 GMT

Kohlberg Kravis Roberts & Co. and Hilcorp Energy Co., a privately owned oil and gas exploration and development company based in Houston, have signed an agreement for KKR to invest up to $400 million in Hilcorp Resources LLC, a newly formed partnership created to own and develop Hilcorp’s oil and gas properties located in the Eagle Ford Shale trend of South Texas.

SandRidge Energy, Arena Resources amend merger agreement

Fri, 04 Jun 2010 14:50:40 GMT

SandRidge Energy Inc. and Arena Resources Inc. have agreed to amend the merger agreement under which SandRidge will acquire Arena. The amendment allows for a “go-shop” period, an increase in cash consideration, and a lower termination fee.

Afren gains entry into East Africa with Black Marlin acquisition

Thu, 03 Jun 2010 18:50:10 GMT

Afren plc has agreed to buy Black Marlin Energy for roughly $101 million. Acquiring Canadian Black Marlin, which will become a wholly owned subsidiary of Afren, gives the British company entry into East Africa. Currently, most of Afren’s producing assets are in Nigeria.

Oil price increases, yield curve inversion may be indicators of economic recession

Tue, 01 Jun 2010 05:00:00 GMT

Energy policy could weaken relationship between oil prices and the economy, but changes are considered politically infeasible

Alta Mesa Holdings completes acquisition of Meridian

Fri, 14 May 2010 15:05:20 GMT

Alta Mesa Holdings LP has completed its merger with Houston-based Meridian Resource Corp. for approximately $147 million.

Oil spill causes huge shake-up at MMS

Wed, 12 May 2010 19:55:30 GMT

Just three weeks after the explosion and sinking of the Deepwater Horizon semisubmersible drilling rig in the Gulf of Mexico, creating a massive oil spill, US Interior Secretary Ken Salazar on May 11 announced a major shake-up of the Minerals Management Service, the agency that regulates offshore drilling.

Gulf oil spill threatens US energy security

Wed, 05 May 2010 16:40:10 GMT

President Obama’s climate bill and US energy security could prove the ultimate victims of the Gulf of Mexico oil spill, the Datamonitor Group has warned.

GoM oil spill threatens energy security

Wed, 05 May 2010 16:21:00 GMT

President Obama’s climate bill and US energy security could prove the ultimate victims of the Gulf of Mexico oil spill, the Datamonitor Group has warned.

Global expansion plans drive Chinese NOCs

Sat, 01 May 2010 05:00:00 GMT

Changes in the global political and economic environment and the desire to become integrated energy companies have led to an evolution in the Chinese NOCs' global expansion plans.

Apache deals increase GoM presence

Sat, 01 May 2010 05:00:00 GMT

Houston-based Apache Corp.'s two transactions in mid-April highlight the past month's major M&A deals.

Boots & Coots pays respect to co-founder 'Coots' Matthews

Sat, 01 May 2010 05:00:00 GMT

Edward O. 'Coots' Matthews, co-founder of Boots & Coots Inc., passed away March 31. He was 86 years old.

Tips for your Saudi joint venture

Sat, 01 May 2010 05:00:00 GMT

Saudi Arabia has enormous oil reserves, the largest economy in the Arabian Gulf region, a young population, steadily increasing GDP, and ambitious growth plans.

Minimizing the impact of changes on oil and gas construction contracts

Fri, 30 Apr 2010 05:00:00 GMT

Executives and project managers for operators, service companies, contractors, and vendors on oil and gas projects are very concerned these days with the profitability and risks on their contracts.

Provident to separate upstream, midstream businesses; names new CEO

Tue, 20 Apr 2010 19:55:40 GMT

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

Saratoga Resources' bankruptcy plan confirmed

Tue, 20 Apr 2010 16:35:00 GMT

On Monday, April 19, 2010, the US Bankruptcy Court for the Western District of Louisiana, Lafayette Division, the Honorable Robert Summerhays presiding, confirmed Staratoga Resources Inc.’s Third Amended Plan of Reorganization.

Privately-held LLOG Exploration restructures management

Fri, 16 Apr 2010 15:50:00 GMT

Privately-held oil and gas exploration company LLOG Exploration Co. LLC has made changes to its management team.

Fulbright Partner Baker named one of "The Decade's Most Influential Lawyers"

Fri, 16 Apr 2010 12:40:00 GMT

Fulbright partner Mark Baker will be honored this June as the only energy disputes lawyer selected by The National Law Journal as one of "The Decade's Most Influential Lawyers."

What credit crisis?

Thu, 01 Apr 2010 05:00:00 GMT

Using integration and analytics to capture opportunities and mitigate risk

OGFJ100P company update

Thu, 01 Apr 2010 05:00:00 GMT

IHS Herold Inc., the independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US–based private E&P companies.

What credit crisis?

Thu, 01 Apr 2010 05:00:00 GMT

Using integration and analytics to capture opportunities and mitigate risk

OGFJ100P company update

Thu, 01 Apr 2010 05:00:00 GMT

IHS Herold Inc., the independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US–based private E&P companies.

Raymond James exec joins Vess Oil as CFO

Wed, 24 Mar 2010 20:50:50 GMT

Wichita, Kansas-based Vess Oil Corp. has named Barry Hill vice president and CFO. Hill previously served as vice president with Raymond James in the Energy Investment Banking group.

Bodino to lead energy research for Global Hunter

Fri, 19 Mar 2010 19:30:50 GMT

New Orleans-based investment bank Global Hunter Securities welcomes Michael D. Bodino to the company as managing director and head of energy research.

Park Place Energy makes acquisition, plans reverse stock split

Tue, 16 Mar 2010 16:25:40 GMT

North American oil and gas exploration company Park Place Energy Corp. plans to consolidate the company's common stock in the form of a reverse split.