upstream – Page 3 – Oil & Gas 360

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with

Singapore’s Sovereign Wealth Fund Joins KKR and BlackRock in Abu Dhabi Pipeline Investment

July 30, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Combined investment in Abu Dhabi National Oil Company’s pipeline project reaches almost $5 billion Source: Abu Dhabi National Oil Company Singapore’s sovereign wealth fund, GIC, has entered into an agreement with the Abu Dhabi National Oil Company (ADNOC) to contribute $600 million towards crude pipeline infrastructure, joining other prominent investors such

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

July 29, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation. Should the deal

E&P Forms $500 Million JV With PE Firm

July 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Colony Capital agrees to invest up to $500 million in California Resources Corporation California Resources Corporation (stock ticker: CRC) has formed a strategic joint venture with Colony HB2 Energy, the energy investment management arm of private equity firm Colony Capital (stock ticker: CLNY), in which Colony will fund the development of

Ohio Snags $74 Billion from Shale Investment Since 2011

April 23, 2019

Ohio home to $4.6 billion in shale industry investment in the first half of 2018 – new CSU study Total investment in Ohio’s resource rich shale energy sector has reached $74 billion since tracking began in 2011, according to a Cleveland State University study prepared for JobsOhio. The study from CSU’s Energy Policy Center at the Maxine Goodman Levin College

ExxonMobil to Restructure Upstream Business by April 1

January 31, 2019

ExxonMobil centralizing via four new companies The world’s largest publicly-traded integrated oil company, ExxonMobil, is retooling its upstream business to support its corporate plan to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana,

Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

December 12, 2018

From Houston Chronicle Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association. The association, citing data from the Texas Workforce Commission, reported on Tuesday that Texas has recovered 49 percent of the jobs it lost between peak employment in December

Chevron Aims $3.6 Billion at the Permian in 2019

December 7, 2018

Chevron announces a $20-billion total CapEx budget for 2019 Yesterday, Chevron Corporation (stock ticker: CVX) provided more details on its 2019 organic capital and exploratory spending program. Total capital and exploratory expenditures will increase approximately 9.3% from 2018-2019, including an increase in shale spending. This is a big change from pre-downturn days of 2014. In 2018 spending was down for the fourth

EQT Announces Leadership Changes

October 26, 2018

EQT Announces Leadership Changes

EQT Elects New Directors

October 25, 2018

EQT Announces Appointment of New Directors

EQT Updates Spin-off of Equitrans Midstream

October 25, 2018

EQT Board of Directors Approves Spin-off of Equitrans Midstream Corporation

Russia's May oil output hits 11-month low on dirty oil crisis - Oil & Gas 360

Small U.S. Oil Producers Face Output Squeeze as Pipelines Fill

June 21, 2018

From Reuters As pipelines out of the largest U.S. oil field reach capacity in the coming months, further depressing West Texas crude prices, smaller producers will have to slow or shut-in production, according to oil executives. Soaring production in U.S. shale fields has driven output to a record 10.47 million barrels per day (bpd) this year and any cutbacks would

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