Offshore Archives - Page 87 of 88 -

A View on Investing in Brazil Oil and Natural Gas Fields

September 20, 2012

Roberto Monteiro – Chief Financial Officer, OGX Petroleo e Gas Participacoes SA (OGXPY) Roberto Monteiro, new CFO and Investor Relations Officer of OGX was previously the Chief Financial Officer and Investor Relations Officer of OSX Brasil S.A., since 2009. From 1999 to 2009 Mr. Monteiro worked in América Latina Logísitca – ALL, where he served as Financial Manager – Brazil, Chief Financial Officer

Gulf of Mexico M&A Surging

September 18, 2012

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 future oil potential within the Gulf of Mexico. The long lead times and huge amount of capital required to drill

A View on Offshore Namibia Exploration

September 14, 2012

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 Oil and Pioneer Natural Resources prior to joining Chariot Oil & Gas in October of 2009. Paul is an engineer

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

September 10, 2012

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: BP). The remaining 7,400 BOEPD was purchased from Shell (ticker: RDS.B) for $560 million. PXP News Release BP News Release

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

August 23, 2012

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 the principal amount of senior notes bearing an interest rate of 8.25% will be exchanged for 829,951 shares of Harvest’s common stock.

ERHC Building Capital Foundation for Future Exploration Potential

August 23, 2012

In an effort to increase capital availability and financial flexibility, ERHC Energy (OTCBB: ERHE) announced its Board of Directors approved resolutions amending the company’s Restated Articles of Incorporation to increase the number of authorized shares and to create or issue one or more classes of preferred stock from shares of currently authorized preferred stock. This is a signal the company

Callon Petroleum Poking Holes in West Texas

June 29, 2012

Callon Petroleum (ticker: CPE) continues to make headway on its drilling initiatives in the Permian Basin while acquiring additional running room and properties in the play. CPE operates all of its Permian acreage and has positions in both the Delaware Basin portion on the western side of the Permian and in the Midland Basin east of the Central Basin Platform.

HNR Harvests Venezuela for $725 Million

June 21, 2012

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% interest in its Venezuelan affiliate, Petrodelta, to the Indonesian state-owned oil company, PT Pertamina for $725 million in an all-cash

Callon Petroleum Reports Q1'12 Results; Permian Catalysts Stacking Up Through 2012

May 9, 2012

Callon Petroleum Company (NYSE: CPE), an independent oil and gas exploration & production (E&P) company operating both offshore and onshore in the United States, announced operational and financial results for the Q1’12 period ended March 31, 2012. CPE reported Q1’12 net income of $0.5 million, or $0.01 per share compared to Q1’11 net income of $4.2 million, or earnings per

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

May 7, 2012

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 $14.0 million, or earnings per share of $0.19, an increase of 487%. Revenues during the quarter totaled $336 million, an

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

May 1, 2012

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 depth of 14,764 feet. “With the recent discoveries in the Levant Basin already exceeding 35 Tcf, the Basin is a

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

April 11, 2012

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 prices averaging $2.00 to $3.00 per barrel above Brent Crude Oil prices (March 2012: the company averaged $125 per barrel

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