Total S.A. (ticker: TOT) closed the acquisition signed on August 21, 2017, adding around one billion BOE 2P reserves, mainly in OECD countries. The acquisition also increases Total’s production by 160 MBOEPD in 2018, and the company expects to ramp …
VAALCO Energy, Inc. (ticker: EGY) reported an income of $10.3 million, or $0.17 per diluted share for 2017. In Q4 2017, the company reported an income of $3.5 million, or $0.06 per diluted share.
The company produced an average of …
Energy XXI Gulf Coast, Inc. (ticker: EXXI) has approved a 2018 capital expenditure budget in the range of $145-$175 million, which includes funding of EGC’s most active drilling program since 2014, as well as recompletions, facilities improvements, plugging and abandonment …
CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As …
Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016.
Fourth quarter 2017 …
Emerson Process Management, a subsidiary of Emerson Electric (ticker: EMR), will be a presenter at EnerCom Dallas Feb. 21-22, 2018.
Emerson provides the oil and gas industry with automation products that enable optimal operation including:
BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, …
From Reuters
MEXICO CITY (Reuters) – An auction of deepwater oil …
Vermilion Energy Inc. (ticker: VET) with headquarters in Calgary, Alberta, is focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia.
Vermilion owns 90,000 net acres in the West Pembina Cardium …
From UPI
The Trump administration reversed plans to include Florida in an offshore drilling proposal announced last week.
Interior Secretary Zinke held a press conference at the Tallahassee airport announcing the Trump administration will not be drilling off the coast …
Diamond Offshore Drilling, Inc. (ticker: DO) and Petróleo Brasileiro S.A.-Petrobras (ticker: PBR) agreed on Thursday, January 4, 2018 to settle a pending lawsuit and amend the Ocean Valor drilling contract.
In August 2016, a subsidiary of Diamond Offshore Drilling, …
Exxon Mobil Corporation (ticker: XOM) has discovered its sixth oil reservoir in offshore Guyana since 2015, resulting from the Ranger-1 exploration well.
The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which …
Norway announced the applicants for its 24th licensing sale, showing a significant decrease in interest in the country.
The round offers blocks in the Barents Sea, which is considered the most important area in …
The Trump administration is fulfilling its promise to reduce oil and gas regulation, rolling back offshore and onshore rules.
The Bureau of Safety and Environmental Enforcement is considering revising the Production …
Chevron Corporation’s (ticker: CVX) Australia subsidiary Chevron Australia has announced the decision to discontinue the Great Australian Bight exploration program.
Chevron Australia’s affiliates acquired two deepwater exploration blocks in the …
In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has cut production costs by half in the North Sea.
“This …
Diamond Offshore (ticker: DO) produced a net income of $15.9 million for Q2. Diamond’s president and CEO Marc Edwards noted that the company “secured two new contracts” despite the fact that …
In its Payara reservoir, offshore of Guyana, ExxonMobil Corp. (ticker: XOM) discovered an additional accumulation of oil. The discovery increased ExxonMobil’s estimated oil in the Payara reservoir to 500 MMBOE, and the total estimated gross recoverable resource in the Stabroek …
Pan Petroleum Gabon B.V., a subsidiary of Panoro Energy (ticker: PEN), approved a development program for the development of the Dussafu oilfields in offshore Gabon. Panoro expects that the first phase of development will cost approximately $150 million.
The development …
In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of …
The winners of the Mexican Energy Reform Onshore Bid Round 2.3 were announced today. Of the 24 blocks available through the …
“This is a truly amazing moment in the energy sector…” – Secs. Perry, Zinke and Pruitt
At an event on Thursday, June 29, 2017, in order to help kick off what the Trump Administration has dubbed “Energy Week,” …
Advancements in unconventional drilling have fundamentally changed the types of oil and gas projects that attract capital.
When hydraulic fracturing and horizontal drilling unlocked vast hydrocarbon resources onshore in the U.S. shale basins about a …
Energy XXI Gulf Coast, Inc. (ticker: EXXI), the post-bankruptcy incarnation of Gulf of Mexico operator Energy XXI, reported operational and financial results for the first quarter of 2017.
BP said it started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt, eight months ahead of schedule.
First gas was exported to Egypt’s national grid on March 24, 2017 …
ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. …
VAALCO Energy, Inc. (ticker: EGY) announced today that the Avouma 2-H well on the Avouma Platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric …
ExxonMobil (ticker: XOM) announced a new natural gas find Wednesday off the coast of Papua New Guinea. The Muruk-1 well encountered “high-quality” sandstone reservoirs similar to …
