Exploration & Production

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Norway’s Seagull Oil & Gas Acquires ExTek AS

ExTek AS is Norway’s only oil, gas industry core competency training center using globally recognized CompEx Scheme. Seagull aims to be complete provider of training solutions, said its managing director. 

Erin Pedigo
Thu, 08/27/2015 - 14:33
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Iran Will Offer Three Gas Fields At Upcoming London Conference

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference, according to state news agency Shana, Reuters said.

Erin Pedigo
Wed, 08/26/2015 - 10:50
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Mexico Sweetens Oil Auction Terms Again

The next round will be awarded on Sept. 30, and involves five production-sharing contracts covering nine shallow water oil fields along the southern edge of the Gulf of Mexico.

Wed, 08/26/2015 - 08:45
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RSP Permian Closes Core Midland Bolt-on Acquisitions

The estimated resource potential is more than 85 million barrels of oil equivalent. The resources are fully operated by the company, are all HBP and have 23% average royalty burden.

Erin Pedigo
Tue, 08/25/2015 - 14:57
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Libya Oil Firm Calls For Purchase Discussions With Oil Majors

A state oil firm loyal to Libya's official government invited foreign oil firms to discuss existing oil purchase contracts at September conference in Dubai, according to a statement, Reuters reported.

Erin Pedigo
Mon, 08/24/2015 - 10:29
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Eagle Energy Trust Closes Twining Field Acquisition

Eagle acquired an 80% working interest in petroleum producing properties in Twining Field, in one of the largest Pekisko oil pools in the Western Canadian Sedimentary Basin.

Erin Pedigo
Mon, 08/24/2015 - 09:26
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Cobalt Plans To Sell Stake In Angolan Blocks In $1.75 Billion Deal

Sonangol is acquiring Cobalt’s 40% participating interest in blocks 21/09 and 20/11 offshore Angola for $1.75 billion with an effective date of Jan. 1, 2015.

Mon, 08/24/2015 - 08:45
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ANP Lists Companies Approved For Brazil Auction

The companies include Portugal's Galp Energia, Petro Rio, Royal Dutch Shell, Angola state oil company Sonangol and Engie, Brazil’s oil regulator ANP said, Reuters reported.

Erin Pedigo
Fri, 08/21/2015 - 15:24
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Trican Completes Sale Of Russian Pressure Pumping Business

The transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business, to Trican for a purchase price of $150 million, a news release said.

Fri, 08/21/2015 - 08:30
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Nine Energy Becomes N. America Provider Of GEODynamic’s Well Tools

FracDock minimizes coiled tubing well intervention procedures while replacing frack plugs during plug and perf. Plugs don’t need to be drilled out and there’s less risk of premature plug setting. 

Erin Pedigo
Thu, 08/20/2015 - 13:46
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Marquee Closes Michichi Area Consolidation Acquisition

Marquee has  dominant operated land and infrastructure position in Banff /Detrital light oil play. There are about 550 barrels of oil equivalent per day on 21 net sections of land. 

Erin Pedigo
Thu, 08/20/2015 - 09:03
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West Texas Resources Will Acquire Nonoperating Mineral Leases

There are about 37,702 leased gross mineral acres across the U.S., including 24,282 in Montana and 7,487 in North Dakota. West Texas Resources will acquire leases by issuing common shares.

Erin Pedigo
Wed, 08/19/2015 - 14:17

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