Anadarko Petroleum Corp. recorded a first-quarter net loss of $1.034 billion compared with a fourth-quarter 2015 net loss of $1.25 billion and a first-quarter 2015 net loss of $3.268 billion. Source: News
OTC: Mexico implementing energy reforms, stressing transparency
Mexico plans to issue updates on its bidding process on May 15 for its Round 1 fourth bid involving deepwater and ultradeepwater blocks, panelists told a May 3 session of the Offshore Technology Conference in Houston. Source: News
Production resumes from Oyo-8 well offshore Nigeria
Production has resumed from the Oyo-8 well offshore Nigeria after the Island Constructor light well intervention (LWI) vessel successfully completed work, Erin Energy Corp. reported on May 3. Source: News
Swap deal to boost Statoil’s stake in Lundin
Statoil ASA has agreed to divest its entire 15% interest in Edvard Grieg field on PL338 offshore Norway to Lundin Petroleum AB in exchange for an increased shareholding in Lundin. Source: News
US manufacturers’ demand for gas to grow, NAM-commissioned study says
Abundant US natural gas supplies have strengthened manufacturing significantly, but major investments will be needed in pipelines and other systems to meet future demand for gas to generate power and keep manufacturers strong, a study commissioned by the National Association of Manufacturers concluded. Source: News
Woodside, Talisman complete sale of Timor Sea fields
Partners Woodside Petroleum Ltd. and Talisman Energy Ltd. have completed their joint 2015 deal to sell mature Laminaria and Corallina oil fields in the western Timor Sea. Source: News
OTC: Bidding opens for blocks off Nova Scotia
The governments of Nova Scotia and Canada have opened closed, competitive bidding for exploration licenses to six blocks off the province, officials reported at an Offshore Technology Conference press briefing. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices each drop more than $1/bbl
The light, sweet crude price for June delivery fell by more than $1/bbl on the New York market May 2 while Brent crude oil price for July delivery fell by more than $1.50/bbl on the London market. Source: News
EQT to acquire Statoil-operated Marcellus acreage for $407 million
EQT Corp., Pittsburgh, has agreed to acquire 62,500 net acres and current production of 50 MMcfd of natural gas equivalent in the Marcellus shale from Statoil USA Onshore Properties Inc. for $407 million. The deal is expected to close on or about July 8. Source: News
Youngblood joins Diamond Offshore as senior vice-president, CFO
Kelly Youngblood has been appointed senior vice-president and chief financial officer of Diamond Offshore Drilling Inc., effective May 3. He succeeds Gary T. Krenek, who is retiring after 33 years of service to the company and its predecessors. Source: News