Pemex looking for partners to develop “farm outs” By Gabriela Lopez MONTERREY/MEXICO CITY, June 9 (Reuters) – Mexican state oil firm Pemex will present to its board this week its first possible deep-water tie-up with oil firms in the Trion field, according to people familiar with the matter, another major step in the opening up of […]
Pemex to present board with first deep-water private sector tie-up Read More »
51% of oil/gas executives say restructuring/bankruptcy opportunities will be primary driver of acquisition activity The vast majority of energy executives (94%) say continued volatility in commodity pricing coupled with the regulatory environment will require significant changes to their business models over the next three to five years, according to the results of the 2016 Energy Industry
Volatility, disruption driving transformation in energy sector – KPMG Survey Read More »
Seventy Seven Energy spun out of Chesapeake Energy in 2014 By Tom Hals June 7 (Reuters) – Oilfield services company Seventy Seven Energy Inc filed for a prepackaged Chapter 11 bankruptcy on Tuesday to carry out a plan to convert $1.1 billion of its debt into equity in a reorganized company. Seventy Seven offers drilling
Oilfield service firm Seventy Seven Energy files for bankruptcy Read More »
At Dec. 31, 2015, proved reserves for the assets amounted to 31 million Boe OKLAHOMA CITY – Devon Energy Corp. says it has entered into agreements with undisclosed parties to sell nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty interest in the northern Midland Basin. The largest transaction is
Devon Energy to sell $1 billion of upstream assets in East Texas, Midland Basin Read More »
WPX building crude oil gathering system in Stateline area of Delaware Basin TULSA, Okla. – WPX Energy says it is increasing its full-year oil production guidance to an average of 39 to 41 million b/d, up 5 per cent from previous guidance of 37 to 39 million b/d. Guidance for total equivalent production is up 3 per
WPX Energy oil production up in Delaware Basin – adds rig, completing 15-20 DUC wells Read More »
RigData has over 5,500 customers in United States, the Gulf of Mexico and Canada S&P Global Platts announced Thursday that it has acquired RigData, a provider of daily information on rig activity for the North American natural gas and oil markets. Financial terms were not disclosed by the parties. S&P Global Platts, a provider of information and
Energy information provider S&P Global Platts acquires RigData Read More »
Each liquefaction train has nominal production of 4.5 million tonnes per year of LNG HOUSTON, Texas – Cheniere Energy Partners, L.P. and Bechtel says that on May 27 they achieved “substantial completion” of Train 1 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana. Commissioning has been completed and Bechtel is turning over “care, custody, and control”
Cheniere, Bechtel say Train 1 at Sabine Pass LNG facility mostly completed Read More »
NOV says acquisition gives it new technologies, best-in-class manufacturing, sales into new markets National Oilwell Varco, Inc. says plans to acquire Trican Well Service Ltd.’s completion tools business, which designs and sells downhole tools for multi-stage fracturing and completions in North America and select international markets, for $53.5 millionCDN. “The transaction with NOV will strengthen our balance sheet and will
NOV acquires completion tools business of Trican Well Service Read More »
Great Plains Energy hopes for competitive edge May 31 (Reuters) – Great Plains Energy Inc, the parent of regulated power utility Kansas City Power & Light, will buy rival Westar Energy Inc for $8.6 billion in cash and stock as it looks to gain scale to better compete in a challenging market. Westar shareholders will receive
Great Plains Energy to buy Westar for $8.6 billion Read More »
Noble was accused of overstating its assets by billions of dollars, since then market value has plunged by 75% By Anshuman Daga SINGAPORE (Reuters) – Noble Group’s CEO Yusuf Alireza quit on Monday, a surprise move that comes just weeks after he secured crucial financing for Asia’s biggest commodity trader and raises questions about its
CEO of Noble Americas Energy Solutions parent resigns unexpectedly Monday Read More »
