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
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
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
On December 30, 2013, Royal Dutch Shell (ticker: RDS-B) completed a $1 billion transaction with Petrobras (ticker: PBR) to acquire an additional 23% interest in the Parque das Conchas (BC-10) offshore Brazil. Its working partner, India-based ONGC Videsh, also increased its stake by 12%. The Brazilian government has already given its approval. PBR originally held a 35% interest in BC-10
Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa and China. On December 16, 2013, Harvest Natural Resources confirmed it had closed the first phase of a two-phase process to sell its assets in Venezuela and received $125 million ($122 million net), as
Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported with approximately 350,000 net acres spread across its core operating regions. 2014 Upstream CAPEX Focused on Marcellus/Utica Magnum Hunter Resources
CAMAC Energy Inc. (ticker: 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. On December 9, 2013, CAMAC Energy announced the signing of a letter of intent for
After settling electoral reform on December 3, 2013, Mexico is shifting its attention to its highly publicized and highly criticized reform of the oil industry. Lawmakers are still adjusting the fine print of the bill but the main point of opening up the country to private investment remains intact. Concessions and lucrative contracts involving Petroleos Mexicanos (Pemex) are being debated
Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas. The company is currently shedding assets in 2013 to become a pure-play E&P company. On December 2, 2013, Hess Corp. announced the sale of its Pangkah and Natuna A assets offshore Indonesia for a total after-tax
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
Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately 64 stacked pay sands exist with wells that have been producing for over 50 years. Saratoga announced its Q3’13 results
Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further interests in the Kurdistan region of Iraq, Ghana, Nigeria, Côte d’Ivoire, Congo Brazzaville, the Joint Development Zone of Nigeria -São
