•  
  •  
  •  
  •  
  •  
  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Ring signs PSA on Delaware Basin acreage

    May 26, 2015

    Ring Energy Inc. has signed a purchase and sale agreement to acquire producing wells and leaseholds located in Culberson and Reeves counties, Texas. The acreage is located in the Delaware Basin.

    Seventy Seven Energy sells Hodges Trucking

    May 26, 2015

    Seventy Seven Energy Inc. has executed a definitive agreement to sell Hodges Trucking Co. LLC to a wholly owned subsidiary of Aveda Transportation and Energy Services Inc.  

    Questerre signs MOU to appraise, develop shale blocks in Jordan

    May 26, 2015

    Canada's Questerre Energy Corp. has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan.

    American Midstream launches open season for Bakken gathering system

    May 26, 2015

    American Midstream Partners LP confirms that American Midstream Bakken LLC, a wholly owned subsidiary of the Partnership, is conducting a binding open season for a proposed 50-mile Bakken crude oil gathering and transportation system in the core of McKenzie County, North Dakota (the Bakken System), to transport up to 40,000 barrels per day (Bbl/d) of crude oil for delivery to major intrastate and interstate pipeline systems beginning in June.

    NZEC relinquishes East Cape permit in New Zealand

    May 22, 2015

    New Zealand Energy Corp. has relinquished Petroleum Exploration Permit (PEP) 52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

    Enable Midstream completes initial phase of gathering system in Bakken

    May 22, 2015

    Enable Midstream Partners LP says that the first phase of its Nesson Crude & Produced Water Gathering System is operational. The pipeline serves wells located in Williams and Mountrail counties of North Dakota, in the Bakken shale play.

    Sabine enters into forbearance agreement to second lien term loan facility

    May 22, 2015

    Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the company's debt and capital structure. 

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    May 22, 2015

    Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total consideration of $474 million in Vanguard common units and the assumption of Eagle Rock's net debt of $140 million as of March 31.

    NuEnergy acquires Dart Indonesia's CBM assets in Sumatra, Kalimantan

    May 21, 2015

    NuEnergy Gas Ltd., an Australian gas and ancillary power generation development company focused on unconventional gas exploration and production in Indonesia, disclosed May 21 the conditional share purchase agreement with Dart Energy International Ltd. on May 20 to acquire 100% of the issued share capital of Dart Energy (Indonesia) Holdings Pte. Ltd.

    WoodMac: XOM oil discovery could create tension between Guyana, Venezuela

    May 21, 2015

    Yesterday, oil giant Exxon Mobil Corp. announced an oil discovery on the 6.6 million-acre Stabroek Block, offshore Guyana. If proven commercially viable, the Liza-1 find could “finally put Guyana on the map,” but it has the potential to create tension between Guyana and Venezuela,” according to Wood Mackenzie.

    Commodity Indices

    Market Indices

    INTERNATIONAL UPSTREAM

    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Report predicts surge in world subsea expenditure

    Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Hitachi Solutions Canada to unveil JV solution for oil and gas industry

    Jun 4, 2014

    Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

    Primoris wins underground contract work valued at over $10 M

    Jun 2, 2014

    Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.

    NORTH AMERICA UPSTREAM

    Alpha Crude Connector to conduct open season

    Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

    MicroSeismic names Foster as president and CEO

    May 30, 2014

    MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

    KMP to expand carbon-dioxide infrastructure

    May 8, 2014

    Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

    TPC Group expands polyisobutylene capacity

    May 1, 2014

    TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

    Navigate within Upstream

    Upstream
    International North America
       Onshore    Onshore
          Conventional       Conventional
          Unconventional       Unconventional
       Offshore
       Offshore
          Subsea
          Subsea
       Oilfield Services
       Oilfield Services
       Seismic    Seismic

    Most Read Articles

    Oil & Gas Jobs

    Search More Job Listings >>