Offshore

Harvest Natural Resources, Inc Not Sitting Back and Waiting

On October 12, 2012, Harvest Natural Resources, Inc. (ticker: HNR) announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due October 11, 2014, and warrants to purchase up to 686,761 shares of its common …

October 19, 2012 - 10:17 pm Offshore, Oil and Gas 360 Articles

Gulf of Mexico M&A Surging

According to Credit Suisse’s September 2012 research report titled “Oil: Fundamentals & US Oil Production Outlook,” U.S. Gulf of Mexico (GOM) production could increase by 700,000 barrels per day between 2012 and 2018.

Super majors have long since realized the …

September 18, 2012 - 8:19 pm Offshore, Oil and Gas 360 Articles

A View on Offshore Namibia Exploration

Paul Welch, Chief Executive Officer – Chariot Oil & Gas (OIGLF)



Paul has extensive oil and gas industry experience having worked for Shell International for 12 years, followed by a further eleven years with independent companies, most recently with Hunt …

September 14, 2012 - 3:40 pm Offshore, Oil and Gas 360 Articles

PXP Goes Deep Purchasing $6.1 Billion of Gulf of Mexico Producing Properties

In two separate transactions, Plains Exploration and Production (ticker: PXP) purchased approximately 67,000 BOEPD (combined 84% oil and NGLs) of Gulf of Mexico production for $6.1 billion. The largest chunk, 59,500 BOEPD, was purchased for $5.5 billion from BP (ticker: …

September 10, 2012 - 10:23 pm Offshore, Oil and Gas 360 Articles

Balance Sheet Bingo: Harvest Announces Common Stock Exchange Agreements and Possible Notes Offering

Harvest Natural Resources, Inc. (HNR) recently announced two agreements to exchange common stock for outstanding senior notes and announced it is considering offering $75 million in new senior notes.

Under the terms of the exchange agreement, $4,651,000 of …

August 23, 2012 - 3:13 pm Offshore, Oil and Gas 360 Articles

HNR Harvests Venezuela for $725 Million

Harvest Natural Resources (ticker: HNR) is an oil and gas exploration company headquartered in Houston, Texas with exploration projects in Indonesia, Gabon, Oman and producing assets in Venezuela. On June 21, 2012 the company announced it had sold its 32% …

June 21, 2012 - 2:41 am Offshore, Oil and Gas 360 Articles, OPEC

Energy XXI Reports Fiscal Q3'12 Results; Reinstates Dividend Program

Energy XXI (NASDAQ: EXXI) announced fiscal Q3’12 operating and financial results for period ended March 31, 2012. The company reported fiscal Q3’12 net income of $82.5 million, or earnings per share of $1.04, compared to fiscal Q3’11 net income of …

May 7, 2012 - 3:11 pm Offshore, Oil and Gas 360 Articles
ATP Oil & Gas Drilling for Natural Gas Elephants: Shimshon Well Offshore Israel Could Hold 2.3 Tcf

ATP Oil & Gas Drilling for Natural Gas Elephants: Shimshon Well Offshore Israel Could Hold 2.3 Tcf

ATP Oil & Gas Corporation (NASDAQ: ATPG) initiated drilling the Shimshon well in the Levant Basin of offshore Israel. The Shimshon well (ATPG is the operator with a 40% WI) is in 3,622 feet of water with a target formation …

May 1, 2012 - 7:00 pm Offshore, Oil and Gas 360 Articles

VIDEO: Energy XXI Chairman and CEO John Schiller on Mad Money with Jim Cramer

On April 10, 2012, John Schiller, chairman and chief executive officer at Energy XXI (NASDAQ: EXXI) was interviewed on CNBC’s Mad Money with Jim Cramer.

In an exclusive interview on the show’s Executive Decision segment, John highlights:

  • EXXI’s realized oil
April 11, 2012 - 3:17 pm Offshore, Oil and Gas 360 Articles
Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of oil and natural gas in the Gulf of Mexico, North Sea and more recently the Mediterranean Sea. The primary near-term catalysts for the company …

March 7, 2012 - 9:57 pm Offshore, Oil and Gas 360 Articles

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more …

February 27, 2012 - 3:25 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources (ticker: HNR) reported it had commenced drilling the Mafraq South-A (MFS-A) exploration well onshore Oman, the first of a two-well exploratory program. HNR also announced that the mean prospective resources for the targeted south segment total 1.25 …

November 2, 2011 - 5:35 pm Offshore, Oil and Gas 360 Articles

Deeper Well Test in Gabon Yield Positive Results for Harvest

On July 21, 2011 Harvest Natural Resources (ticker: HNR) provided an update on the progress of its exploration program offshore Gabon.

With efforts to test deeper zones at its Ruche discovery announced in June 2011 offshore Gabon, Harvest announced that …

July 22, 2011 - 5:39 pm Offshore, Oil and Gas 360 Articles