Sunday, May 25, 2025

ConocoPhillips Announces First Oil Production from the Eldfisk II Project in the North Sea

ConocoPhillips (COP) today announced first oil production from the Eldfisk II project in the Norwegian North Sea. “Eldfisk II joins Ekofisk South as the second major project startup in Norway since late 2013,” said Matt Fox, executive vice president, Exploration and Production. “These projects will increase ultimate resource recovery and extend the field life of this premier legacy asset for

Evolution Petroleum Declares Cash Dividend on 8.5% Series A Preferred Stock

Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of January 2015 and is payable on February 2, 2015 to holders of record at the close of business on January 15, 2015.  The payment will be 1/12th of the 8.5% annualized

Concho Resources Inc. Updates 2015 Capital Program

Concho Resources Inc. (CXO) (the “Company” or “Concho”) today announced an updated 2015 capital program of $2.0 billion, as a result of the sharp decline in commodity prices. With this level of activity, the Company expects to generate 16% to 20% year-over-year production growth in 2015. Tim Leach, Chairman, Chief Executive Officer and President, commented, “Reducing the capital program while

Oil Prices Continue to fall, but for how long?

The oil and gas industry wasn’t given much of a respite following the unofficial ending to the holiday season. Oil prices continued their plunge on Monday, January 5, 2015, with West Texas Intermediate (WTI) and Brent prices closing at $49.78 and $53.12, respectively. The sub-$4.00 differential first appeared in December 2014. The last time the market saw a sub-$4.00 differential

Gulfport Energy Exceeds Full-year 2013 Production in Q4’14

Gulfport Energy Corp. (ticker: GPOR) has announced 2014 exit rate net production of approximately 68 MBOEPD (73% gas weighted), according to the company’s release. During the month of December 2014, Gulfport estimates average net production of approximately 66 MBOEPD. For the fourth quarter 2014, Gulfport currently estimates total net production was approximately 5,500 MBOE. Michael G. Moore, Gulfport’s CEO and

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

UPDATE: Leviathan Field “Monopoly” is Focus of Israel’s Anti-trust Regulator

Update: Jordan wants to wait until anti-trust decision is made before proceeding with Noble deal Jordan suspended talks to import natural gas from Israel from Noble Energy (ticker: NBL) and will instead sign an agreement with BG Group (ticker: BG) to buy Gaza Strip gas. The kingdom halted negotiations after news that the Israeli anti-trust regulator might recommend breaking up