Offshore – Page 81 – Oil & Gas 360

Harvest Natural Resources Reports Fourth Quarter and 2013 Earnings Results

March 20, 2014

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela and exploration assets in Indonesia, West Africa and China. Harvest announced its net oil sales for Q4’13 were 3,964 BOE, according to its earnings release on March 17, 2014. The sales, coming entirely from its assets in Venezuela (Harvest owns

Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

March 20, 2014

Royal Dutch Shell plc (ticker: RDS.B) is incorporated in England and Wales and serves as the parent company for Shell, a global group of energy and petrochemical companies. Shell has a global presence in both the upstream and downstream business with operations in more than 70 countries. The company sold 19.6 million tons of equity LNG during 2013 and is

Chevron Lowers Net Production Forecast; Singles out Permian Basin and Australia LNG Projects as Future Growth Drivers

March 13, 2014

Chevron (ticker: CVX) explores for and produces crude oil and natural gas around the world. In 2013, the company’s worldwide net oil production averaged 2.60 million barrels equivalent per day, with about 25% of the production coming from the United States and the rest from more than 20 other countries. The company is engaged in every aspect of the industry,

Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

March 12, 2014

The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of total consideration) and about 23.4 million common shares of Energy XXI (35%). The per-share consideration for EPL is $39, a 34%

New Executive Interviews from EnerCom’s The Oil & Services Conference™12 Now Posted

March 3, 2014

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc. The interview series conducted at EnerCom’s The Oil & Services Conference™12 includes a total of 12 interviews covering a variety of topics. All the interviews can be found here or by clicking

What to Expect from EnerCom’s The Oil & Services Conference™12

February 11, 2014

More than 30 publicly traded E&P/OilService companies, and five energy research analysts, will present at EnerCom’s The Oil & Services Conference™ 12 on February 18-19, 2014, in San Francisco. Market capitalizations of the 30 presenting companies range from $30 million to $8.0 billion. Format: 25-minute presentations will run from 8:00 a.m. to 4:50 p.m. pacific on Tuesday, February 18 and

The Price(s) of Operating in the Oil & Gas Business

January 28, 2014

Commodity prices are influenced by several factors, including short-term catalysts and long term stimulus. Supply and demand often dictates short term prices, while factors such as future demand expectations and production decisions by the Organization of the Petroleum Exporting Countries (OPEC) can affect prices over the longer term. Supply and demand in the world oil markets are balanced through responses

Debate over Crude Export Ban is Gaining Steam – Changes, Are they a’Coming?

January 21, 2014

Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer. Out of 62 companies for which we have gathered data on capital expenditures and estimates,

Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

January 14, 2014

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. It aims to develop the acquired properties

CAMAC Energy Bolsters Fleet with FPSO Vessel, Prepares to Place Two Oyo Wells Online in 2014

January 8, 2014

CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. Contracted an FPSO On January 8, 2014, CAMAC Energy announced the signing of

EPL Oil & Gas Adds Five Blocks to Oily Gulf of Mexico Inventory; Crude Oil Production Forecast to Grow

January 6, 2014

Founded in 1998, EPL Oil & Gas, Inc. (ticker: EPL) is an independent exploration and production company headquartered in Houston, Texas with an office in New Orleans, Louisiana. The Company’s operations are concentrated in the U.S. Gulf of Mexico shelf, focusing on the state and federal waters offshore Louisiana. Adds Five Blocks for $70.4 Million On January 2, 2014, EPL

Petroleum Continues to Pace United States’ Energy Demand; Natural Gas Gains Ground

January 6, 2014

2013 is in the books as one of the most productive years in E&P history, and the United States is soaking up the flowing oil from the country’s prolific shales. According to the Energy Information Association (EIA), U.S. oil demand in October 2013 totaled 19.3 MMBOPD, an increase of roughly 3% from October 2012 levels. Crude oil production is up

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