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Unconventional Resources Companies News and Press Releases

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
Encana to Sell its Piceance Natural Gas Assets for $735 Million
Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado,...
6/9/2017 - Acquisitions and Divestitures - United States
Greece Receives Oil & Gas Exploration Interest in Canada
Greece has received interest for hydrocarbons exploration and exploitation in two sites off the island of Crete from a consortium of Exxon Mobil, France's Total and Greece's Hellenic Petroleum , the e...
5/31/2017 - Exploration - Greece
LINN Energy to Sell Salt Creek for $71.5 Million
LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million...
5/30/2017 - Acquisitions and Divestitures - United States
ExxonMobil & Total Discuss Drilling Opportunities Offshore Greece
Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. ...
5/21/2017 - Drilling - Greece
ExxonMobil and SABIC Sign Agreement for Proposed U.S. Petrochemical Project
Affiliates of Exxon Mobil Corporation and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and beg...
5/20/2017 - Engineering - United States
ConocoPhillips Completes Sale of FCCL Partnership Interest
ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m...
5/17/2017 - Oil Sands - Canada
ExxonMobil to Launch Service Stations and Fuels in Mexico
ExxonMobil announced its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. ...
5/17/2017 - Diesel Fuel - Mexico
Nigerian Oil Workers Extend ExxonMobil Strike to Chevron, Agip & Shell
Nigerian workers from an oil labor union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp, the union's general s...
5/16/2017 - Safety Services - Nigeria
Chevron's $54 Billion LNG Plant Hits New Snag in Australia
Chevron Corp.’s Gorgon liquefied natural gas plant shut a production train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the com...
5/16/2017 - LNG Processing - Australia
Chevron Shuts 1st Gorgon LNG Export Plant Unit for Around a Month
Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month in order to replace a faulty devi...
5/15/2017 - Production - Australia
WildHorse Resource Acquires Eagle Ford Properties from Anadarko
WildHorse Resource Development Corporation has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and af...
5/11/2017 - Acquisitions and Divestitures - United States
Noble Energy Sells Marcellus Gas Assets for $1.225 Billion
Noble Energy, Inc. (Noble Energy) has signed a definitive agreement to divest all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for a total amount ...
5/2/2017 - Acquisitions and Divestitures - United States
Devon Energy Announces $1B Divestiture Plan
Devon Energy Corp. (DVN) announced its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the...
5/2/2017 - Acquisitions and Divestitures - United States
ExxonMobil Earns $4 Billion during First Quarter 2017
Exxon Mobil Corporation announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity p...
4/28/2017 - Financials and Investment - United States
Chevron Plans to Sell its Bangladesh Companies
Chevron Corporation announced that its wholly-owned subsidiary, Chevron Global Ventures, Ltd., has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in B...
4/24/2017 - Mergers and Acquisitions - Bangladesh
ConocoPhillips to Sell San Juan Basin Assets for $3B
ConocoPhillips (COP) announced it has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy Company for up to $3.0 billion of total proceeds...
4/13/2017 - Acquisitions and Divestitures - United States
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop...
4/13/2017 - Oil Sands - Canada
EXCO Resources Sells South Texas Oil & Natural Gas Properties for $300 million
EXCO Resources has executed a definitive agreement with a subsidiary of Venado Oil and Gas, an affiliate of KKR, to divest its oil and natural gas properties in South Texas. The purchase price of $300...
4/10/2017 - Mergers and Acquisitions - United States
Thailand to Auction Petroleum Concessions for Erawan & Bongkot Fields
Thailand will auction petroleum concessions for Erawan and Bongkot gas fields in December, the country's energy minister said. "An official announcement is expected within July, and auctions in Decemb...
3/31/2017 - Exploration - Thailand
Chevron Concludes Sale of Geothermal Operations in Indonesia
Chevron Corporation (CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron's geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash procee...
3/31/2017 - Mergers and Acquisitions - Indonesia
ExxonMobil Announces New Oil Discovery Offshore Guyana
Exxon Mobil Corporation (XOM) announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered i...
3/30/2017 - Offshore Drilling - Guyana
ExxonMobil Announces New Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in prev...
3/30/2017 - Drilling - Guyana
Acquiring ExxonMobil’s Operated Upstream Business in Norway
HitecVision and its majority owned portfolio company Point Resources are pleased to announce the signing of an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Ex...
3/29/2017 - Acquisitions and Divestitures - Norway
ConocoPhillips to Sell Assets in Canada for $13.3 Billion
ConocoPhillips has signed a definitive agreement with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of it...
3/29/2017 - Oil Sands - Canada
ConocoPhillips Sells Oil Sands & Gas Assets to Cenovus in $17.7B Deal
ConocoPhillips (COP) has signed a definitive agreement with Cenovus (CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the ma...
3/29/2017 - Acquisitions and Divestitures - Canada
ExxonMobil Extends Life of Sigyn Field in the Norwegian North Sea
The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. In its application, o...
3/23/2017 - Development - Norway
Gastar Exploration Acquires STACK Leasehold
Gastar Exploration Inc. (Gastar) has completed the acquisition of additional working and net revenue interests in approximately 66 gross (9.5 net) producing wells and 5,670 net acres of additional STA...
3/22/2017 - Acquisitions and Divestitures - United States
Marathon Oil Acquires $700 Million Northern Delaware
Marathon Oil Corporation announced the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mou...
3/21/2017 - Acquisitions and Divestitures - United States
Pioneer Sells Northeastern Martin County Acreage for $266m
Pioneer Natural Resources Company (Pioneer) has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, fo...
3/15/2017 - Acquisitions and Divestitures - United States
WorleyParsons Signs Multi-Regional Agreement with Chevron
WorleyParsons has signed a long term multi-regional agreement with Chevron for engineering and procurement services. The scope of the agreement allows use in all engineering phases of Chevron’s capita...
3/13/2017 - Engineering - United States
Enerplus Divests Alberta & Saskatchewan Assets for $67.3 Million
Enerplus Corporation has entered into definitive agreements to sell various Canadian properties located in Alberta and southwest Saskatchewan for aggregate proceeds of $67.3 million, before customary ...
3/9/2017 - Acquisitions and Divestitures - Canada
ExxonMobil to Acquire 25% Interest in Mozambique Area 4 from Eni
ExxonMobil and Eni have signed sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni curren...
3/9/2017 - Acquisitions and Divestitures - Mozambique
Chevron Starts Production at Mafumeira Sul Offshore Angola
Chevron Corporation announced that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offsho...
3/8/2017 - Production - Angola
Chevron Affirms Production, Margins & Cash Flow Growth Plans
Chevron Corporation hosted its annual security analyst meeting in New York where executives highlighted the company's growing free cash flow from its advantaged portfolio. ...
3/7/2017 - Financials and Investment - United States
Exxonmobil Plans Investments of $20 Billion in US Gulf Region
Exxon Mobil Corporation is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revo...
3/6/2017 - Investment - United States
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
Chevron & Angola Government in Tax & Investment Talks
U.S. energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was q...
2/22/2017 - Financials and Investment - Angola
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

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