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Unconventional Resources Companies News and Press Releases

Chevron Exits Indonesia's Makassar Strait Block
Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on ...
7/11/2018 - Acquisitions and Divestitures - Indonesia
Range Resources Provides Update on Operations at the Perlak Field
Range Resources has provided an update on the operations at the Perlak field, located in Northern Sumatra, Indonesia. As previously announced, the operator of the project commenced reopening and worko...
7/6/2018 - Drilling - Indonesia
Hess Announces Sale of Utica Acreage
Hess Corporation has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately ...
6/29/2018 - Acquisitions and Divestitures - United States
Mozambique Area 4 Progressing Rovuma LNG Marketing
ExxonMobil and Eni said that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique. ...
6/27/2018 - Gas Processing - Mozambique
Hess Announces Eighth Oil Discovery Offshore Guyana
Hess Corporation (HES) announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Sta...
6/20/2018 - Exploration - Guyana
Baytex & Raging River to Merge and Create a Top-Tier Noth American Oil Producer
Baytex Energy Corp and Raging River Exploration have announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies. The combined organizat...
6/18/2018 - Mergers and Acquisitions - United States
ConocoPhillips Awards Major FEED Contracts for Barossa Offshore Project
ConocoPhillips Australia, as operator of the Barossa joint venture, has awarded three major engineering contracts for the front-end engineering design (FEED) phase on the Barossa offshore project. ...
6/17/2018 - FEED - Australia
Anadarko Announces Heads of Agreement with Tokyo Gas and Centrica
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Heads of Agreement (HOA) with Tokyo Gas C...
6/15/2018 - Natural Gas - Mozambique
ExxonMobil Advances Liza Phase 1 Development
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. ...
6/12/2018 - Development - Guyana
Iraq Signs Oil Agreement with Chevron
Iraq has signed an agreement with Chevron allowing the company to conduct scans and studies on oil sites and installations, Oil Minister Jabar al-Luaibi said. ...
6/6/2018 - Engineering - Iraq
Devon Energy to Sell Its Interests in EnLink Midstream
Devon Energy Corp. (DVN) announced it has entered into an agreement to sell its aggregate ownership interests in EnLink Midstream Partners, LP (ENLK) and EnLink Midstream, LLC (ENLC) to an affiliate o...
6/6/2018 - Mergers and Acquisitions - United States
Devon Energy Elects John Krenicki Jr. to Board of Directors
Devon Energy Corp. (DVN) announced that shareholders have elected John Krenicki Jr. to the board of directors. The board previously nominated Krenicki, and shareholders approved his selection at the c...
6/6/2018 - Executive Recruiting - United States
Range Resources Announces Commencement of Operations at the Perlak Field
Range Resources has announced the commencement of operations at the Perlak field, located in Northern Sumatra in Indonesia. The rig to be utilized for the work programme has been successfully rigged u...
5/29/2018 - Drilling - Indonesia
Trans Mountain Pipeline System Project to Be Sold for C$4.5B
Kinder Morgan, Inc. (KMI) announced that the Kinder Morgan Canada Limited (KML) board of directors has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by ...
5/29/2018 - Acquisitions and Divestitures - Canada
Canadian Court Affirms Dismissal of Suit Against Chevron Subsidiary
The Ontario Court of Appeal has upheld a lower Canadian court’s determination that an Ecuadorian judgment against Chevron Corporation, already found by U.S. courts to have been obtained through fraud ...
5/23/2018 - Oil & Gas Companies - Canada
ExxonMobil Announces Greenhouse Gas Reduction Measures
ExxonMobil announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and ...
5/23/2018 - Emissions Measuring - United States
Anadarko Names Mitchell W. Ingram EVP
Anadarko Petroleum Corporation (APC) announced that Mitch Ingram, formerly Executive Vice President (EVP), International & Deepwater Operations and Project Management, has been named EVP, Internationa...
5/21/2018 - Executive Recruiting - United States
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

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