Gulf Oil and Gas
Account

Unconventional Resources Companies News and Press Releases

Sevan Marine Secures Long Term Framework Agreement with ExxonMobil
Sevan Marine ASA has entered into a long term framework agreement with ExxonMobil for the provision of services and use of Sevan Marine’s cylindrical hull technology. Sevan Marine has worked with Exxo...
2/24/2017 - Engineering - Norway
ConocoPhillips Revises Down over 1 bln bbls of Oil Sands Reserves
ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocar...
2/22/2017 - Oil Sands - Canada
Chevron Awarded Exploration Permit off Western Australia
Chevron has paid $3 million for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years. The award was made as part of the Australian Governmen...
2/20/2017 - Mergers and Acquisitions - Australia
Supreme Court of Yukon Approves ExxonMobil's Acquisition of InterOil
InterOil Corporation announced that the Supreme Court of Yukon has granted a final order approving the arrangement between InterOil and Exxon Mobil Corporation (ExxonMobil). The arrangement was approv...
2/20/2017 - Mergers and Acquisitions - Papua-New Guinea
ExxonMobil Sets Record in High Performance O&G Reservoir Computing
ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of proce...
2/16/2017 - Process Simulation - United States
ExxonMobil Awards License for Efficient Drilling Technology
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement...
2/10/2017 - Drilling - United States
Ecuador to Pay ConocoPhillips $380M
ConocoPhillips’ (COP) wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the International ...
2/8/2017 - Financials and Investment - Ecuador
Bangladesh to Bid for Chevron Gas Fields after Assessing Reserves
Bangladesh is hiring an international firm to assess reserves at Chevron Corp's natural gas fields in the country before placing a formal bid to buy the assets, its energy minister told Reuters on Mon...
1/30/2017 - Geological and Geophysical - Bangladesh
Chevron Names Michael K. Wirth Vice Chairman
Chevron Corporation (CVX) said that Michael K. Wirth, executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017. ...
1/25/2017 - Executive Recruiting - United States
Fraudulent Ecuadorian Judgment against Chevron Subsidiary
A Canadian court has ruled that the fraudulent Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The court found that Chevron C...
1/20/2017 - Legal - Canada
Baytex Energy Closes Peace River Acquisition
Baytex Energy Corp. (Baytex) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisiti...
1/20/2017 - Acquisitions and Divestitures - Canada
Norway Awards 56 Production Licences in APA 2016 Licensing Round
The Ministry of Petroleum and Energy today offers 29 oil-companies participation in 56 production licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas 2016 (APA 2016) licensin...
1/17/2017 - Acquisitions and Divestitures - Norway
ExxonMobil to Double Permian Basin Resource to 6 Billion Barrels
Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with...
1/17/2017 - Mergers and Acquisitions - United States
Noble Buys Clayton Williams for $2.7 Billion to Grow in Permian
Noble Energy Inc. agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America’s hottest shale play. ...
1/16/2017 - Mergers and Acquisitions - United States
Noble Energy to Acquire Clayton Williams Energy
Noble Energy, Inc. (Noble Energy) and Clayton Williams Energy, Inc. (Clayton Williams Energy) announced that the Boards of Directors of both companies have unanimously approved and the companies have ...
1/16/2017 - Mergers and Acquisitions - United States
ConocoPhillips Announces Willow Discovery in National Petroleum Reserve
ConocoPhillips Alaska Inc. announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA). The Willow discovery...
1/13/2017 - Exploration - United Kingdom
Anadarko to Sell Eagle Ford Shale Assets for $2.3 Billion
Anadarko Petroleum Corporation has agreed to sell its Eagle Ford Shale assets in South Texas for approximately $2.3 billion to Sanchez Energy Corporation and Blackstone Group LP. Anadarko's sponsored ...
1/12/2017 - Acquisitions and Divestitures - United States
ExxonMobil Announces New Oil Discoveries Offshore Guyana
ExxonMobil announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well ta...
1/12/2017 - Drilling Engineering & Equipment Systems - Guyana
Nigeria Oil Union Suspends Three-Day Nationwide Strike after Talks
A Nigerian oil labor union has suspended a nationwide three-day strike over job losses that hit petrol stations and oil tankers, following talks with the government on Wednesday. The Nigeria Union of ...
1/11/2017 - Executive Recruiting - Nigeria
Oil Workers Go on Strike at Crude Flow Station in Niger Delta
Nigerian oil workers have gone on strike at the Oleh crude oil flow station in the Niger Delta oil hub because they have not been paid recently, a labour union official said. "The striking workers at ...
1/11/2017 - Safety Services - Nigeria
Nigerian Oil Union Threatens Three-day Strike at Exxon Mobil, Chevron
A Nigerian oil labor union will stage a three-day strike at Chevron and Exxon Mobil fuel depots from Wednesday in a protest over sackings if talks with the government fail, union officials said. The N...
1/9/2017 - Safety Services - Nigeria
ExxonMobil Develops Efficient New Technology to Dehydrate Natural Gas
ExxonMobil announced its development of cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower techno...
1/5/2017 - Process Technology Licensing - United States
Chevron Resumes Operation at Gorgon LNG Train 1
Chevron Corp has resumed production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, located off Western Australia, after an outage of slightly more than a mon...
1/4/2017 - Production - Australia
Chevron Resumes Operation at Gorgon LNG Train 1 After Month-Long Outage
Chevron has resumed production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, located off Western Australia, after an outage of slightly more than a month. ...
1/4/2017 - Production - Australia
Encana Expects 2017 Plan to Exceed Forecasts
Encana delivered strong performance in the fourth quarter of 2016, and the company now expects that its 2017 plan will exceed forecasts previously shared at its Investor Day in October 2016. The compa...
1/4/2017 - Financials and Investment - Canada
Oil Trader Gunvor Suing Cerberus over Failed Chevron Bid
Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid...
1/4/2017 - Financials and Investment - South Africa
SM Energy Sells Non-Operated Eagle Ford Assets for $800m
SM Energy Company has entered into a definitive agreement with a subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, for the sale of the Company's third party operated assets in the Eagle For...
1/3/2017 - Acquisitions and Divestitures - United States
ExxonMobil Reaches Agreement with Rex W. Tillerson
The board of directors of Exxon Mobil Corporation (XOM) has reached an agreement with Rex W. Tillerson, former chairman and chief executive officer, to sever all ties with the company to comply with c...
1/3/2017 - Oil & Gas Companies - United States
Chevron Announces Sale of Geothermal Operations
Chevron Corporation (CVX) announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geother...
12/23/2016 - Mergers and Acquisitions - Indonesia
Anadarko to Sell Marcellus Shale Assets for $1.24 Billion
Anadarko Petroleum Corporation has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Dev...
12/21/2016 - Acquisitions and Divestitures - United States
Chesapeake Sells 2nd Haynesville Shale Acreage Position for $465m
Chesapeake Energy Corporation has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximatel...
12/20/2016 - Shale Gas - United States
SBM Offshore Awarded FPSO Contracts for Liza Production
ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, ...
12/20/2016 - FPSO Vessels and Equipment - Guyana
Nigeria Flags Oil Output Rise Ahead Of Debt Deal with Majors
Nigeria's oil production has risen to close to 1.8 million barrels per day (bpd), oil minister Emmanuel Ibe Kachikwu said ahead of the expected signing of a deal over repayments of $5.1 billion in deb...
12/15/2016 - Production - Nigeria
Darren W. Woods Elected Chairman, CEO of Exxon Mobil
Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, has announced his intention to retire at year-end after more than 41 years of service. Darren W. Woods, currently pre...
12/14/2016 - Executive Recruiting - United States
Continental Resources Reports Record STACK Meramec Well
Continental Resources, Inc. announced a new Company record well in the over-pressured oil window of the Oklahoma STACK play. The Angus Trust 1-4-33XH produced 4,642 barrels of oil equivalent (Boe) per...
12/13/2016 - Logging, Perforating, Testing - United States
Chevron Announces $19.8 Billion Capital and Exploratory Budget for 2017
Chevron Corporation (CVX) announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures. ...
12/7/2016 - Investment - United States
Resource Expansion in Delaware Basin with Successful Leonard Shale Spacing Test
Devon Energy Corp. announced an increase to its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico. The Thistle spacing p...
12/6/2016 - Geological, Geophysical - United States
Exxon Pulls out of Three Exploration Blocks in Kurdistan
Exxon Mobil has pulled out of half of the six exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported. ...
12/6/2016 - Acquisitions and Divestitures - Iraq
Murphy Oil & Partners Award of Deepwater Block in Mexico
Murphy Oil Corporation (MUR) announced that a joint venture led by its Mexican subsidiary, Murphy Sur, S. de R.L. de C.V., was the high bidder and is expected to be awarded Block 5 during Mexico's fou...
12/5/2016 - Acquisitions and Divestitures - Mexico
Chesapeake Sells Haynesville Shale Acreage Positions for $450m
Chesapeake Energy Corporation has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximatel...
12/5/2016 - Acquisitions and Divestitures - United States
Tom Walters to Retire as President of ExxonMobil Production Company
Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service. Neil Duffin, currently president of ExxonMobil Development Company, ha...
12/2/2016 - Executive Recruiting - United States
Clay Neff Named President of Chevron Africa & Latin America Exploration and Production
Chevron Corporation (CVX) named Clay Neff president of Chevron Africa and Latin America Exploration and Production, effective January 1, 2017. ...
12/1/2016 - Executive Recruiting - United States
Castleton Acquires $1B Assets from Anadarko Petroleum
Castleton Commodities International LLC (CCI) announced that it has acquired the Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 bi...
11/18/2016 - Acquisitions and Divestitures - United States
Exxon in Negotiations with Chad over Record $74b Fine
Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tues...
11/15/2016 - Financials and Investment - Chad
Wood Group Awarded $40M Automation Services Contract
Wood Group has been awarded a $40 million contract by ExxonMobil Chemical to provide main automation contractor services, including detailed design and site construction of the process control systems...
11/15/2016 - Safety Services - United States
ExxonMobil to Increase Beaumont Polyethylene Capacity by 65%
ExxonMobil plans to add a new production unit at its Beaumont polyethylene plant that will increase capacity by 65 percent – or approximately 650,000 tonnes per year -- to meet growing demand for high...
11/14/2016 - Petrochemicals - United States
ConocoPhillips Announces $5 to $8 Billion Divestiture Program
ConocoPhillips analyst and investor meeting to outline strategy and actions for accelerating value proposition ...
11/11/2016 - Acquisitions and Divestitures - United States
Chevron Announces First Gas at U.K. Alder Field
Chevron North Sea Limited announced it has started production at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea. ...
11/7/2016 - Exploration - United Kingdom
InterOil Provides Update on ExxonMobil Transaction
InterOil Corporation announced that the Court of Appeal of Yukon has upheld the appeal lodged by Phil Mulacek and overturned the Supreme Court of Yukon’s approval of the pending transaction with Exxon...
11/4/2016 - Mergers and Acquisitions - United States
ConocoPhillips Completes $440m Sale of Exploration Blocks in Senegal
ConocoPhillips has completed a transaction for the sale of its shares in ConocoPhillips Senegal BV, which holds a 35 percent interest in three exploration blocks offshore Senegal. The total sales pric...
10/28/2016 - Acquisitions and Divestitures - Senegal

Oil and Gas Virtual Exhibition
Companies developing unconventional resources including shale gas, oil shale, tight gas, oil sands and CBM. The information covers major activies, news, key executives and more
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.