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Unconventional Resources Companies News and Press Releases

Audit of ExxonMobil – Jotun B
From 1 September 2016 to 25 August 2017 we conducted an audit of ExxonMobil's activities relating to module-based drilling facilities and permanent plugging and abandonment of the wells at the Jotun B...
10/16/2017 - Drilling - United States
ExxonMobil Expands New Jersey Research & Engineering Center
ExxonMobil has broken ground on the expansion of its research facility in Clinton, N.J., a key center of innovation that supports the company’s broad research and development programs. Expansion of th...
10/13/2017 - Engineering - United States
PIC Interested in Chevron’s South African Assets
Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore Plc and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to ...
10/12/2017 - Acquisitions and Divestitures - South Africa
ConocoPhillips Receives Consent to Use West Elara at Ekofisk
ConocoPhillips has received consent to use the West Elara mobile drilling facility for drilling and completion of water injection wells at Ekofisk 2/4 VC. Drilling is scheduled to begin in the last qu...
10/11/2017 - Rigs, Coring & Exploration - Norway
South Sudan Oil Conference Fails to Draw Biggest Energy Firms
South Sudan’s president was a no-show for the nation’s first international oil conference, a gathering that also failed to attract prospective investors from the biggest global energy companies. The t...
10/11/2017 - Exploration - South Sudan
Chevron Announces $500,000 for California Fire Relief Efforts
Chevron announced a contribution of $500,000 from the Chevron Global Community Fund to the American Red Cross in support of immediate relief efforts for the wildfires in Northern and Southern Californ...
10/11/2017 - Financials and Investment - United States
Keyera Signs Long-Term Duvernay NGL Agreement with Chevron
Keyera Corp. (Keyera) has entered into a 20-year midstream agreement (the "Agreement") with Chevron Canada Limited (Chevron) to fractionate and handle natural gas liquids from Chevron's Kaybob Duverna...
10/10/2017 - Petrochemicals - Canada
Chevron Achieves First LNG Production at Wheatstone
Chevron Corporation has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. ...
10/8/2017 - Production - Australia
Carrizo Oil & Gas to Sell its Marcellus Shale Assets
Carrizo Oil & Gas, Inc. entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in cash, subject to customary closing terms and condi...
10/6/2017 - Shale Gas - United States
Encana Starts up Second Montney Plant Ahead of Schedule
Encana successfully started up the Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule. Sunrise is the second of three processing plants that supp...
10/5/2017 - Gas Processing - Canada
ExxonMobil Announces Fifth Discovery Offshore Guyana
Exxon Mobil Corporation (XOM) announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. ...
10/5/2017 - Drilling - Guyana
Cenovus Energy Files for $7.5 Billion Mixed Shelf Offering
Canadian oil and gas producer Cenovus Energy filed a mixed shelf offering for $7.5 billion with Canada and U.S. regulators, although the company said it currently has no plans to issue more debt or eq...
9/29/2017 - Financials and Investment - Canada
Michael K. Wirth Named Chairman and CEO of Chevron
Chevron Corporation announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman ...
9/28/2017 - Executive Recruiting - United States
Michael K. Wirth Named Chairman and CEO of Chevron
Chevron Corporation (CVX) today announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently v...
9/28/2017 - Executive Recruiting - United States
Murphy Oil Announces Strategic Entry Into Deep Water Brazil
Murphy Oil Corporation (MUR) announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda. (Murphy), has entered into a farm-in agreement with Queir...
9/27/2017 - Acquisitions and Divestitures - Brazil
Exxonmobil Continues to Increase Acreage Position in Permian Basin
Exxon Mobil Corporation has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of th...
9/27/2017 - Acquisitions and Divestitures - United States
Encana Delivers New Montney Plant Ahead of Schedule
Encana successfully started up the Tower processing plant ahead of schedule and under budget on September 20. The plant is the first of three Veresen Midstream facilities that support Encana's condens...
9/27/2017 - Gas Processing - Canada
Matrix Risk Control Wins Contract from Anadarko in Mozambique
Incident investigation specialist Matrix Risk Control (Matrix) has secured a contract to deliver training in Mozambique for Anadarko Petroleum Corporation (Anadarko). Representatives from the Aberdeen...
9/25/2017 - Risk Management - Mozambique
ExxonMobil Expands Methane Emissions Reduction Program
ExxonMobil announced an enhanced program to reduce methane emissions from its production and midstream facilities across the United States. The program, which builds on the company’s longstanding comm...
9/25/2017 - Emissions Measuring - United States
Baytown & Beaumont Refineries Begin Fuels Production
ExxonMobil said that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restar...
9/21/2017 - Oil Treating & Refining - United States
Anadarko Petroleum Authorizes $2.5 Billion Share-Repurchase Program
Anadarko Petroleum Corporation announced its board of directors has authorized a $2.5 billion share-repurchase program. The authorization extends through the end of 2018, and repurchases will be made ...
9/20/2017 - Financials and Investment - United States
Range Resources Provides Company Update
The Company refers its shareholders to the announcement published earlier today relating to resumption of share trading on ASX. The Company remains committed to maintain a listing in London and intend...
9/15/2017 - Financials and Investment - United States
Chevron Contributes $1 Million for Hurricane Irma Relief
Chevron U.S.A. Inc. announced a contribution of $1 million from Chevron and the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Irma. ...
9/13/2017 - Financials and Investment - United States
Cenovus Agrees to Sell Pelican Lake Assets forApprox. $1B
Cenovus Energy Inc. (CVE) has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern Alberta, for gross cash proceeds of $...
9/5/2017 - Acquisitions and Divestitures - Canada
Carrizo Oil & Gas Sells Utica Shale Assets for US$62 Million
Carrizo Oil & Gas, Inc. provided an update on its operations following Hurricane Harvey as well as announced an agreement to sell its assets in the Utica Shale. ...
9/5/2017 - Shale Gas - United States
Baytown Restart Activities Continue & Pipelines Begin to Transport Fuels
ExxonMobil said that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and other logi...
9/5/2017 - Gasoline (Lead free) - United States
Exxon Mobil Plans $200m investment in Argentina's Vaca Muerta
U.S. oil major Exxon Mobil Corp plans to invest $200 million to boost natural gas output in Argentina’s Vaca Muerta shale play, a spokeswoman told Reuters on Friday. ...
9/1/2017 - Investment - Argentina
ExxonMobil Selects MRC Global as Primary Valve Provider
MRC Global Inc. announced that its subsidiary, MRC Global (US) Inc., has signed an agreement to be the primary global provider of valve and valve products and services to ExxonMobil. The agreement inc...
8/22/2017 - Valves - United States
Software Specialist Arnlea Lands Contracts with Operators
Arnlea, an established oil and gas asset management software business, has secured contracts with two operators. Aberdeen-based Arnlea has signed an agreement with Chevron for the deployment of Intri...
8/17/2017 - Software - United Kingdom
Conoco to Start Dismantling Historical Norwegian Oil Platform
ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator said. The U.S. company applie...
8/17/2017 - Offshore Platforms - Norway
Chevron Technology Ventures Launches Catalyst Program
Chevron Technology Ventures, LLC (CTV) has launched its Catalyst ProgramTM, an initiative to promote technology innovation in the Houston area and beyond. ...
8/15/2017 - Process Technology Licensing - United States
Range Resources Acquires Producing Assets in Trinidad
Range is pleased to announce that it has entered into a binding sale and purchase agreement (SPA) to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Producti...
8/11/2017 - Acquisitions and Divestitures - Trinidad and Tobago
Range Resources Announces Acquisition of Oil & Gas Interests in Indonesia
In line with the growth strategy of the Company, Range is pleased to announce an acquisition of interests in an established oil block in Indonesia. The Company has signed a Sale and Purchase Agreement...
8/8/2017 - Mergers and Acquisitions - Indonesia
LINN Enters into New $500m Revolving Credit Facility
LINN Energy, Inc.(LINN) together with its subsidiaries, announces it has entered into a new $500 million senior secured reserve-based revolving credit facility (new credit facility) with Royal Bank of...
8/7/2017 - Financials and Investment - Canada
ConocoPhillips Sells San Juan Basin Assets for $3.0 Billion
ConocoPhillips completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to $3.0 billion of total consideration, comprised of ...
7/31/2017 - Acquisitions and Divestitures - United States
Anadarko Reaches Significant Mozambique LNG Milestone
Anadarko Petroleum Corporation (APC) had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the...
7/31/2017 - LNG Processing - Mozambique
Canadian Environmental Assessment Agency Makes Funds for Nexen
The Canadian Environmental Assessment Agency (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous groups in the fed...
7/26/2017 - Financials and Investment - Canada
Canadian Environmental Assessment Agency Makes Funds for Nexen
The Canadian Environmental Assessment Agency (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous groups in the fed...
7/26/2017 - Financials and Investment - Canada
ExxonMobil Says will not Continue Discussions over East Natuna Gas Field
The Indonesian unit of ExxonMobil on Tuesday said the company "no longer wishes to continue further discussions or activity" involving the East Natuna gas block in the country. ...
7/18/2017 - Acquisitions and Divestitures - Indonesia
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
7/13/2017 - Acquisitions and Divestitures - Canada
Barossa Offshore Project Proposal Published for Public Comment
ConocoPhillips is pleased to advise that the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has published the Barossa Area Development Offshore Project Proposal (B...
7/13/2017 - Development - Australia
Record-Setting Privott 17-H Well Reaches 6,000 boepd
Devon Energy Corp. (DVN) has brought online a record-setting Meramec well and commenced production on several high-rate wells in the core of the over-pressured oil window of the STACK play during the ...
7/11/2017 - Production - United States
ConocoPhillips to Sell Barnett Shale Assets for US$305m
ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds f...
6/29/2017 - Acquisitions and Divestitures - United States
Carrizo Oil & Gas Acquires Delaware Basin for $648 Million
Carrizo Oil & Gas, Inc. has agreed to acquire Delaware Basin properties from ExL Petroleum Management, LLC (ExL), a portfolio company of Quantum Energy Partners, for $648 million in cash, subject to c...
6/28/2017 - Acquisitions and Divestitures - United States
LINN Energy and Citizen Energy Form Roan Resources
LINN Energy, Inc. (LINN) has signed an agreement with Citizen Energy II, LLC (Citizen) in which LINN and Citizen will each contribute certain upstream assets in Oklahoma to a newly formed company, Roa...
6/27/2017 - Mergers and Acquisitions - United States
Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...
6/20/2017 - Financials and Investment - Canada
United States Supreme Court Denies Petition for Review by Lawyer Behind Fraudulent Ecuador Lawsuit
The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
6/19/2017 - Oil & Gas Companies - United States
United States Supreme Court Denies Petition for Review
The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
6/19/2017 - Legal - United States
Occidental Monetises Non-Strategic Permian Resources Acreage
Occidental Petroleum Corporation has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately...
6/19/2017 - Acquisitions and Divestitures - United States
ExxonMobil Makes Final Investment Decision for Liza Development
Exxon Mobil Corporation (XOM) said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, loc...
6/16/2017 - Development - Guyana

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