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04Nov0 comments
Beach acquires Senex’s South Australian Cooper basin portfolio
Beach Energy Ltd., Adelaide, has executed an asset sales agreement with Senex Energy Ltd., Brisbane, to acquire Senex’s Cooper basin…
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03Nov0 comments
WIAG transfers operatorship of two Libyan concessions
Wintershall Aktiengesellschaft, a joint venture between Wintershall Dea and Gazprom EP International, transferred operatorship of Contract Areas 91 and 107…
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31Oct0 comments
EPP Q3 net income up 3.7% on flat operating margins
Enterprise Products Partners (EPP) third-quarter 2020 net income rose 3.7% from the same period in 2019 to $1.084 billion. EPP…
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31Oct0 comments
Chevron posts third quarter net loss of $207 million
Chevron Corp. posted a third-quarter 2020 net loss of $207 million, compared with earnings of $2.6 billion in third-quarter 2019.
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31Oct0 comments
Ring terminates Delaware basin acreage sale
Ring Energy Inc., Midland, Tex., terminated an April 2020 agreement to sell Delaware basin assets in Culberson and Reeves Counties,…
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30Oct0 comments
Southwestern Energy posts Q3 net loss of $593 million
Southwestern Energy Co. recorded a net loss for third-quarter 2020 of $593 million, including $361 million of non-cash impairments and…
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30Oct0 comments
SM Energy cuts budget, plans fourth quarter crew additions
SM Energy has earmarked $203-208 million for fourth-quarter spending, which will include the addition of a second completions crew in…
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30Oct0 comments
BSEE: 84.8% of Gulf of Mexico oil shut in after Hurricane Zeta made landfall
Offshore oil and gas operators in the US Gulf of Mexico evacuated platforms and rigs ahead of Hurricane Zeta, which…
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30Oct0 comments
ExxonMobil to cut 1,900 jobs primarily from Houston
ExxonMobil plans to cut jobs in the United States that will primarily impact management offices in Houston, Tex., the company…
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30Oct0 comments
Equinor records Q3 earnings of $780 million
Equinor recorded adjusted earnings of $780 million and $270 million after tax in third-quarter 2020, down from $2.59 billion and…
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29Oct0 comments
BSEE: 66.6% of Gulf of Mexico oil shut in ahead of Hurricane Zeta
Offshore oil and gas operators in the US Gulf of Mexico continue to evacuate platforms and rigs as Hurricane Zeta…
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29Oct0 comments
Tethys Oil signs deal to increase Block 56 interest, assume operatorship
Tethys Oil will become increase its holdings and become operator in the exploration and production license covering Block 56 onshore…
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29Oct0 comments
EIA: US crude inventories up 4.3 million bbl
US crude oil inventories for the week ended Oct. 23, excluding the Strategic Petroleum Reserve, increased by 4.3 million bbl…
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29Oct0 comments
EQT to buy Appalachian assets from Chevron
EQT Corp. has agreed to acquire Appalachian basin upstream and midstream assets from Chevron USA Inc. for $735 million.
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29Oct0 comments
Harvest begins wind-up process as Appalachian assets sale closes
Harvest Oil & Gas Corp. will evaluate and undertake a process to wind-up the company following the close of the…
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28Oct0 comments
Concho records third quarter net loss of $61 million
Concho Resources Inc., Midland, Tex., recorded a net loss of $61 million for third-quarter 2020. Adjusted net income, which excludes…
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28Oct0 comments
BSEE: 49.45% of Gulf of Mexico oil shut in ahead of Tropical Storm Zeta
Offshore oil and gas operators in the US Gulf of Mexico are evacuating platforms and rigs as Tropical Storm Zeta…
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28Oct0 comments
Horizon to exit Papua New Guinea
Horizon Oil Ltd., Sydney, agreed to sell its entire portfolio of assets in Papua New Guinea to joint venture partner…
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28Oct0 comments
IPR Energy acquires onshore Egypt assets from Dana Gas
IPR Energy Group (IPR) member IPR Wastani Petroleum Ltd. has agreed to acquire onshore Egyptian producing oil and gas assets…
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27Oct0 comments
BSEE: Operators prep for Tropical Storm Zeta
Offshore oil and gas operators in the US Gulf of Mexico are preparing platforms and rigs as Tropical Storm Zeta…