An affiliate of privately held Cox Oil LLC, Dallas, has agreed to acquire Energy XXI Gulf Coast Inc. (EGC), Houston, in a deal worth $322 million. The deal expands Cox’s presence in the Gulf of Mexico. Cox holds assets in both the Outer Continental Shelf and the shallow waters off Louisiana and operates more than […]
Apache lets contract for Permian gas processing plants
Apache Corp., Houston, has let a contract to Saulsbury Industries, Odessa, Tex., to build three 200-MMcfd cryogenic processing plants at Apache’s Diamond processing site in the Permian basin of southern Reeves County, Tex. Source: News
SDX reports another Egyptian gas strike
SDX Energy Inc., London, will complete for production another natural gas discovery on its South Disouq concession in Egypt. The SD-4X well encountered 89 ft of net gas pay with average porosity of 24% in the Upper Miocene Abu Madi formation. Source: News
Norway offers 12 production licenses
Norway’s Ministry of Petroleum and Energy announced it is offering 12 production licenses to 11 companies. Nine of the offers are in the Barents Sea with the rest in the Norwegian Sea. Two offers are in the western Norwegian Sea deepwater as part of the 24th licensing round, which started in June 2017. Previously, 11 […]
Baytex, Raging River Exploration to merge
Baytex Energy Corp. and Raging River Exploration Inc., both of Calgary, have agreed to merge in an exchange of 1.36 Baytex shares for each Raging River share. The combined company will have production, based on first-quarter 2018 averages, of 93,640 boe/d, 83% oil and NGL. Its proved reserves will be 338 million boe, of which […]
18 Jun 2018 10:55:26 EDT – The latest stock information is now available for your stocks
XOM Last 80.97 Change +0.31 % Change 0.38% Volume 2,534,678 As of: 18 Jun 2018 10:55:26 EDT View: Stock Quote | News CVX Last 125.97 Change +1.93 % Change 1.56% Volume 2,016,079 As of: 18 Jun 2018 10:55:26 EDT View: Stock Quote | News COP Last 67.28 Change +1.92 % […]
MARKET WATCH: Brent, NYMEX crude prices drop on OPEC, trade concerns
Brent crude oil prices dipped about $2.50/bbl on the London market June 15 while light, sweet crude oil prices fell more than $1.80/bbl in New York. Analysts attributed the sharp price drops to traders’ concerns about rising oil production and more restrictive US trade measures. Source: News
18 Jun 2018 09:55:18 EDT – The latest stock information is now available for your stocks
XOM Last 81.3 Change +0.64 % Change 0.79% Volume 1,188,319 As of: 18 Jun 2018 9:55:18 EDT View: Stock Quote | News CVX Last 126.58 Change +2.54 % Change 2.05% Volume 944,942 As of: 18 Jun 2018 9:55:18 EDT View: Stock Quote | News COP Last 67.44 Change +2.08 % […]
Malaysian political stir clouds resource claims by Sarawak
Questions of federalism centered on oil and gas arise amid political upheaval in Malaysia. Source: News
Equinor completes acquisition of interest in Brazil’s Roncador oil field
Equinor and Petrobras have completed their transaction reported late last year, whereby Equinor has acquired a 25% non-operated interest in Roncador oil field in Brazil’s Campos basin. This follows all conditions being met, including government and regulator approval. Source: News