Gulf Oil and Gas
Account

Unconventional Resources Companies News and Press Releases

Noble Signs Agreement to Progress Development of Alen Natural Gas
Noble Energy, Inc. has executed, along with the Government of the Republic of Equatorial Guinea and necessary third-parties, a Heads of Agreement establishing the framework for development of natural ...
5/10/2018 - Development - Equatorial Guinea
Conoco Moves to Take over Venezuelan PDVSA's Caribbean Assets
U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South ...
5/6/2018 - Acquisitions and Divestitures - Venezuela
SABIC and ExxonMobil Create New Joint Venture for the Gulf Coast Project
SABIC and ExxonMobil have created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Pat...
5/1/2018 - Mergers and Acquisitions - United States
Hess Acquires Interest in New Acreage Offshore Guyana
Hess Corporation (HES) announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 ...
4/26/2018 - Acquisitions and Divestitures - Guyana
ConocoPhillips Announces Successful Results of Exploration in Alaska
ConocoPhillips (COP) announced it has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising t...
4/16/2018 - Drilling - United States
Noble Energy Closes Sale of US Gulf of Mexico Business
Noble Energy, Inc. (NBL) (Noble Energy) closed the previously announced divestment of its U.S. Gulf of Mexico assets to Fieldwood Energy LLC (“Fieldwood”), with an effective transaction date of Januar...
4/12/2018 - Acquisitions and Divestitures - United States
ExxonMobil Announces 84% Increase in P’nyang Resource
Exxon Mobil Corporation (XOM) announced that the size of the natural gas resource at the P’nyang field in Papua New Guinea has increased to 4.36 trillion cubic feet of gas, an 84 percent increase from...
4/11/2018 - Natural Gas - Papua-New Guinea
Kinder Suspends Non-Essential Spending on Trans Mountain Expansion Project
Kinder Morgan Canada Limited is suspending all non-essential activities and related spending on the Trans Mountain Expansion Project. KML also announced that under current circumstances, specifically...
4/8/2018 - Oil and Gas Pipeline - Canada
Chevron Seeks Extension of Rokan Block Contract in Indonesia Beyond 2021
Chevron has submitted a proposal to extend its contract to operate the Rokan block in Indonesia beyond 2021, Deputy Energy Minister Arcandra Tahar said on Friday. ...
4/6/2018 - Acquisitions and Divestitures - Indonesia
SM Energy Announces Agreements to Sell Non-Core Assets for $292M
SM Energy Company (SM) announced that it has entered into two definitive agreements, one for the sale of the Company's remaining assets in the Williston Basin located in Divide County, North Dakota, a...
4/4/2018 - Oil Shale - United States
ConocoPhillips Provides Update on Disposition Program
ConocoPhillips (COP) provided several updates on disposition activity and early life-cycle acreage acquisition activities. ...
4/2/2018 - Acquisitions and Divestitures - United States
ExxonMobil Wins Eight Deepwater Blocks in Latest Brazil Bid Round
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to th...
3/29/2018 - Acquisitions and Divestitures - Brazil
Pioneer Natural Announces Sale of Selected Eagle Ford Shale Acreage
Pioneer Natural Resources has signed a purchase and sale agreement with Sundance Energy to sell approx. 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 ...
3/27/2018 - Acquisitions and Divestitures - United States
Devon Energy Eyes More Asset Sales to Simplify Portfolio
U.S. oil producer Devon Energy was looking to sell even more assets than previously announced in order to focus its portfolio on three shale regions. Devon is now eyeing asset sales of up to $5 billio...
3/26/2018 - Acquisitions and Divestitures - United States
Range Resources to Restart Production at Perlak Field
Range Resources has provided an update with respect of its work plan at the Perlak field, Indonesia. ...
3/21/2018 - Production - Indonesia
Exxon Mobil Partnering With Pakistan for Third LNG Terminal
Exxon Mobil Corp. is working with a group of Pakistan's large businesses on a proposal to build and supply the country's third import terminal for liquefied natural gas, according to the nation's mini...
3/16/2018 - LNG Terminal - Pakistan
Noble Energy Closes Sale of 7.5% Working Interest in Tamar
Noble Energy, Inc. announced the closing of the previously announced divestment of a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. Noble Energy remains ope...
3/14/2018 - Acquisitions and Divestitures - Israel
Devon Announces $553m Sale of Johnson County Assets
Devon Energy Corp. has entered into a definitive agreement to sell the southern portion of its Barnett Shale position for $553 million. The transaction is subject to customary terms and conditions and...
3/7/2018 - Acquisitions and Divestitures - United States
ExxonMobil Outlines Aggressive Growth Plans to More than Double Earnings
ExxonMobil outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. ...
3/7/2018 - Financials and Investment - United States
Anadarko Announces Approval Of Mozambique LNG Development Plan
Anadarko Petroleum Corporation has received official approval from the Government of Mozambique for the Golfinho/Atum Field Development Plan. The Development Plan outlines the integrated onshore proje...
3/5/2018 - Gas Processing - Mozambique
ExxonMobil to Join Stanford Strategic Energy Alliance
Exxon Mobil Corporation announces that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security a...
3/1/2018 - Environmental Services - United States
Exxon to Exit Oil Ventures with Rosneft Due to Sanctions
Exxon Mobil Corp will pull out of exploration and research joint ventures with Rosneft due to U.S. and European Union sanctions against Russia. Exxon, the world’s largest publicly traded oil producer,...
2/28/2018 - Exploration - Russia
ExxonMobil Announces Seventh Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ...
2/28/2018 - Exploration - Guyana
Gastar Exploration Closes Sale of Non-Core Acreage in Oklahoma
Gastar Exploration Inc. has completed the previously announced sale of its interest in the West Edmond Hunton Lime Unit for $107.5 million, adjusted for the effective date of October 1, 2017 and resul...
2/28/2018 - Financials and Investment - United States
Anadarko Announces Mozambique LNG Sale And Purchase Agreement
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agr...
2/20/2018 - Natural Gas - Mozambique
Noble Energy Executes Gas Sales Agreements for Export of Gas to Egypt
Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one ...
2/19/2018 - Natural Gas - Egypt
Aker Energy Reaches Agreement to Acquire Hess Ghana
Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50...
2/19/2018 - Acquisitions and Divestitures - Ghana
Noble Energy Announces $750M Share Repurchase Program
Noble Energy, Inc. (NBL) (Noble Energy) announced that its Board of Directors has authorized a $750 million share repurchase program. In addition, the Company has executed an agreement to sell its de...
2/15/2018 - Acquisitions and Divestitures - United States
LINN Energy Announces Sale of West Texas Properties for $119.5M
LINN Energy, Inc. (LNGG) announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119....
2/14/2018 - Acquisitions and Divestitures - United States
ExxonMobil Adds 2.7B Barrels to Reserves, Replaces 183 Percent of 2017 Production
Exxon Mobil Corporation added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil's proved reserves totaled 21.2 billion oil-equi...
2/8/2018 - Reservoir Engineering & Recovery Methods - United States
Commissioning for ExxonMobil’s Ethane Cracker in Baytown
ExxonMobil announced that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning progressing well. Project startup is expected during t...
2/6/2018 - Oil Treating & Refining - United States
Hess Announces 2018 E&P Capital and Exploratory Budget
Hess Corporation (HES) announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and developm...
1/31/2018 - Financials and Investment - United States
ExxonMobil to Triple Permian Production by 2025
ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tig...
1/30/2018 - Production - United States
Chevron Announces Oil Discovery in Deepwater Gulf of Mexico
Chevron Corporation (NYSE:CVX) announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. ...
1/30/2018 - Exploration - United States
Noble Energy Announces Tamar Sell-Down
Noble Energy, Inc. (NBL) announced that it has signed a definitive agreement to divest a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. (TMRP) for cash proce...
1/29/2018 - Acquisitions and Divestitures - Israel
ExxonMobil Acquires Exploration Acreage Offshore Ghana
ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamenta...
1/18/2018 - Acquisitions and Divestitures - Ghana
ExxonMobil & MagnaBond Collaborate Well Integrity Evaluation Technologies
ExxonMobil Upstream Research Company announced that it has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation ...
1/16/2018 - Process Technology Licensing - United States
LINN Energy Sold the Altamont Bluebell Field for $132M
LINN Energy, Inc. (LNGG) (LINN) announces that it has signed a definitive agreement to sell its interest in properties located in the Altamont Bluebell Field to an undisclosed buyer for a contract pri...
1/16/2018 - Acquisitions and Divestitures - United States
SM Energy Announces Agreement to Sell Powder River Basin Assets for $500 Million
SM Energy has entered into a definitive agreement for the sale of a majority of the Company's Powder River Basin assets for a cash purchase price of $500 million (subject to customary closing price ad...
1/10/2018 - Acquisitions and Divestitures - United States
ExxonMobil Announces Sixth Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. ...
1/5/2018 - Drilling - Guyana
Noble Energy Closes Sale of Cone Midstream for $305M
Noble Energy, Inc. (NBL) (Noble Energy) announced the closing of the sale of the Company's 50 percent interest in CONE Gathering LLC ("CONE Gathering") to CNX Resources Corporation (CNX) for $305 mill...
1/3/2018 - Mergers and Acquisitions - United States
Penn Virginia Announces Accretive Acquisition in Core Area
Penn Virginia Corporation (PVAC) announced that it has entered into a definitive agreement to acquire assets in the Eagle Ford Shale, primarily in Gonzales and Lavaca Counties, from Hunt Oil Company f...
1/2/2018 - Oil Shale - United States
Petrobras and ExxonMobil Form Strategic Alliance
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. ...
12/14/2017 - Investment - Brazil
ExxonMobil Completes LNG Acquisition in Mozambique Area 4
ExxonMobil announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsib...
12/13/2017 - Acquisitions and Divestitures - Mozambique
ExxonMobil Makes New Oil Find in Equatorial Guinea Block EG-06
ExxonMobil has struck oil with its Avestruz-1 well in Block EG-06, announced the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The well was drilled in October 2017. The operator is now asse...
12/11/2017 - Exploration - Equatorial Guinea
Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018
Chevron Corporation announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. ...
12/6/2017 - Investment - United States
ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks
ExxonMobil through its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deep...
12/4/2017 - Acquisitions and Divestitures - Mauritania
Exxon Eyes Egypt's Offshore Oil and Gas
Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. ...
12/4/2017 - Investment - Egypt
Exxon Merging Oil Refining & Marketing Units
Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under Chief Executive Darren Woods. ...
12/1/2017 - Oil Treating & Refining - United States
Exxon Nears Deal to Explore for Oil & Gas Offshore Mauritania
Exxon Mobil is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. ...
11/29/2017 - Production - Mauritania

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.