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Unconventional Resources Companies News and Press Releases

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
ExxonMobil Starts Production at Hebron Field
Exxon Mobil Corporation (XOM) announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. ...
11/29/2017 - Production - Canada
Hess Completes Sale of Interests in Equatorial Guinea
Hess Corporation has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective Jan...
11/28/2017 - Acquisitions and Divestitures - Equatorial Guinea
Carrizo Oil & Gas Provides Update on Divestiture Program
Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that it has closed on both of its previously-announced Appalachia divestitures and has entered into an agreement to sell substantially all of its ...
11/27/2017 - Acquisitions and Divestitures - United States
Cenovus Reaches Agreement to Sell Interest in Weyburn Asset for $940 Million
Cenovus Energy has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is ...
11/13/2017 - Acquisitions and Divestitures - Canada
Noble Energy To Divest Non-Core DJ Basin Acreage For $608 Mln
Noble Energy, Inc. has signed a definitive agreement with SRC Energy Inc. to divest approximately 30,200 net acres from the Company's non-core DJ Basin position in Weld County, Colorado. Included wit...
11/8/2017 - Financials and Investment - United States
ExxonMobil & Renewable Energy Group Report Progress in Cellulosic Biodiesel Research
ExxonMobil and Renewable Energy Group (REG) announced that by utilizing REG’s patented fermentation technology, the companies’ joint research program has demonstrated the ability to convert sugars fro...
11/2/2017 - Diesel Fuel - United States
Chevron Announced 7 Years Partnership with Microsoft Corp
Chevron Corporation (CVX) announced a seven-year partnership with Microsoft Corp. establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies in...
10/30/2017 - Software - United States
Chevron Drops Decision to Leave Bangladesh
The U.S. oil company Chevron will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday. Chevron had said in April it would sell to China's Himalaya Energy Co. the wholly...
10/30/2017 - Acquisitions and Divestitures - Bangladesh
Neuquen Province Approves ExxonMobil’s Plan for Los Toldos
ExxonMobil announced that the Neuquen Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block. The ...
10/25/2017 - Development - Argentina
Hess Sells its Oil & Gas Interests in Norway for $2 Billion
Hess Corporation announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets: ...
10/24/2017 - Acquisitions and Divestitures - Norway
LINN Energy to Sell Williston Properties for $285 Million
LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to cl...
10/23/2017 - Acquisitions and Divestitures - United States
Chevron Sanctions Stage 1 Captain Enhanced Oil Recovery Project
Chevron North Sea Limited (CNSL), operator of the Captain Field, has sanctioned the Final Investment Decision (FID) to proceed with the first phase of the Captain Enhanced Oil Recovery (EOR) project. ...
10/20/2017 - Enhanced Oil Recovery - United Kingdom
Cenovus Reaches Agreement to Sell Palliser Assets for $1.3B
Cenovus Energy Inc. (CVE) has entered into an agreement to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billio...
10/19/2017 - Acquisitions and Divestitures - Canada
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
Simon Mokster Shipping Wins New Contract with ExxonMobil
«STRIL MERMAID» Havyard design 832 has been taken out of layup for a 3 months firm + options for a contract with ExxonMobil Exploration and Production Norway AS. The vessel shall be used as a Storage ...
10/16/2017 - FPSO Vessels and Equipment - Norway
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 - Safety Services - 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

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