Anadarko Petroleum Corp. (ticker: APC) announced today that it reached an agreement with concessionaires in its Offshore Area 1 …
Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans …
Some of the industry’s largest players spent $1.2 billion in a Canada offshore lease sale on November 12, 2015, securing a foothold in an area estimated to hold as much …
VAALCO Energy (ticker: EGY) reported average production volumes of 4,800 BOEPD in its Q3’15 results on November 9, 2015, marking a sequential increase of 6% from the prior quarter. The volumes surpassed the high end …
The slew of problems with Brazil’s Petrobras (ticker: PBR) have been well-documented over the past several months. A widespread corruption scandal has outed high-ranking PBR executives and even government officials, …
Egypt’s Oil Minister Tarek El Molla said this week that the country hopes to have production from the newly discovered Zohr gas field starting in 2017, a year ahead of its …
Eastern Asia is generating plenty of interest for its future natural gas needs, but Noble Energy (ticker: NBL) believes its own substantial opportunity lies below the sea floor of the Eastern Mediterranean.
Noble has …
The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times.
The U.S. Department of Interior announced …
VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations focused in West Africa, has commenced drilling the second well in its North Tchibala field project. The first well, the North …
The current running rig count of 809 in the United States is the lowest in five years, but analysts from Raymond James Equity Research believe we haven’t reached the trough yet. Not even close.
In a market report issued on …
Royal Dutch Shell (ticker: RDSA) said today that it is starting the third phase of its Bonga field production offshore Nigeria. The third phase of the project will have a peak …
Mexico’s National Hydrocarbon Commission heard plenty of criticism following its first oil auction in July, in which only two of the 14 available offshore …
Shell Canada (ticker: RDSA) has four ships on standby in Halifax Harbor as company waits for approval to drill offshore Nova Scotia. The company expects to begin drilling two exploration wells in the Shelburne …
Royal Dutch Shell (ticker: RDSA) announced today that it plans to put an end to its operation offshore Alaska, according to a company press release. The news came following …
The number of active offshore rigs in the Gulf of Mexico (GOM) has been steadily declining since 2000, according to a release from the Energy Information Administration (EIA). Over the past …
Ricardo Garcia-Moreno, partner with Haynes and Boone, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about the recent reforms to the oil and gas industry in Mexico, and what it means for those …
W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in …
When Hurricane Katrina made landfall on the U.S. Gulf coast at New Orleans, Louisiana, on Sept. 29, 2005, the storm unleashed flood waters that devastated families, businesses and livelihoods.
Deepwater Wind’s Block Island project is beginning construction three miles off the coast of Rhode Island, making it the first offshore wind energy project to reach the construction …
Overall, WTI has declined roughly 25% just from the end of June, when prices were hovering around $60. The uneasiness plaguing the oil and gas sector have been …
The U.S. expanded its sanctions against Russia today, announcing that it would be adding the Yuzhno-Kirinskoye Field in the Sea of Okhotsk, to the Entity List maintatined in the Export Administration …
The Mexican government announced that the second round of offshore bids to be held in 77 years in the Gulf of Mexico will be different of those in the first …
Norway’s Statoil (ticker: STO) announced its 2/4-23S well (Julius) discovered gas and condensate in the Ula formation, offshore Norway in the North Sea, southeast of Stavanger. STO estimates …
The chairman of the Israeli Parliament’s Finance Committee, Eitan Cabel, said that Economy Minister Aryeh Deri has agreed to sign off on a proposed natural gas plan, but only if it is …
ConocoPhillips (ticker: COP) announced that it will increase its quarterly dividend to $0.74 per share from $0.73 per share, according to the company’s press release. The dividend hike is expected to cost …
Enterprise Products Partners (ticker: EPD), the largest master limited partnership in EnerCom’s MLP Scorecard Benchmarking Report, has sold its offshore Gulf of Mexico pipelines and services business to Genesis Energy LP …
“If I had to do it over again I would do the same thing. I love the chase. The thrill of exploration.”
–Bill Barrett, IPAMS 1993 Wildcatter of the Year, 2003 Hall of Fame Inductee
Oil and gas exploration …
Italy’s Eni (ticker: E) announced that it has started production on the first phase of its offshore operations in the Perla gas field, approximately 50 kilometers (about 31 miles) offshore …
