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Unconventional Resources Companies News and Press Releases

ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta
ExxonMobil said it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day wit...
6/11/2019 - Development - Argentina
ExxonMobil, Partners to Redevelop Angola Block 15 to Increase Production
ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, G...
6/5/2019 - Investment - Angola
Marathon Oil Closes Kurdistan Divestiture
Marathon Oil has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first quarter 2019 production averaged 2,400 net barrels of oil equivalent per day (100% o...
6/2/2019 - Acquisitions and Divestitures - Iraq
Kinder Morgan Announces Binding Open Season for Additional Capacity on the SFPP System
Kinder Morgan, Inc. (KMI) announced the start of a binding open season to solicit commitments for an expansion of a portion of its SFPP, L.P. (SFPP) system. ...
5/23/2019 - Oil and Gas Pipeline - United States
OLCV & Carbon Engineering Begin Engineering of the Direct Air Capture & Sequestration Plant
Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, and Carbon Engineering Ltd. (CE), a Canadian clean energy company, announced they are jointly proceeding with the engineering and desig...
5/21/2019 - Engineering - United States
Exxon’s Permian Production to Yield $64B for New Mexico
ExxonMobil said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local commun...
5/17/2019 - Production - Mexico
Anadarko Signs LNG Sale & Purchase Agreement with JERA and CPC Corporation
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with JE...
5/13/2019 - Natural Gas - Mozambique
ConocoPhillips Awards Barossa Subsea Production System EPC Contract
ConocoPhillips Australia, as operator of the Barossa joint venture, has awarded the first Engineering, Procurement and Construction (EPC) contract for the Barossa offshore project. Technip Oceania (TF...
5/9/2019 - Subsea Production - Australia
Anadarko Agrees To Be Acquired By Occidental
Anadarko Petroleum Corporation has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for co...
5/9/2019 - Mergers and Acquisitions - United States
Mozambique LNG and the Government of Mozambique Expect To Make Major Announcement on June 18
Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Corporation Chairman and CEO Al Walker announced plans for Mozambique LNG to make an importa...
5/8/2019 - LNG Processing - Mozambique
ExxonMobil Invests $2b in Baytown Chemical Expansion Project
ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to th...
5/2/2019 - Investment - United States
Chevron Completes Acquisition of Pasadena Refining System, Inc.
Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (CVX), has completed the acquisition from Petrobras America Inc. of all the outstanding shares and equity interests of Pasa...
5/1/2019 - Mergers and Acquisitions - United States
Anadarko Intends to Resume Negotiations with Occidental
Anadarko Petroleum has announced that it intends to resume negotiations with Occidental Petroleum in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 2...
4/29/2019 - Mergers and Acquisitions - United States
ExxonMobil Acquires More Exploration Acreage Offshore Namibia
ExxonMobil will increase its exploration acreage in Namibia with the addition of approx. 7 million net acres (28,000 sq kms) following the signing of an agreement with the government of Namibia and th...
4/24/2019 - Acquisitions and Divestitures - Namibia
ExxonMobil Signs 20-Year LNG Agreement with Zhejiang Energy
ExxonMobil signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million met...
4/23/2019 - LNG Processing - China
ExxonMobil Makes the 13th Discovery Offshore Guyana
ExxonMobil made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable res...
4/18/2019 - Exploration - Guyana
ConocoPhillips Enters Agreement to Sell UK E&P Subsidiaries
ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together...
4/18/2019 - Acquisitions and Divestitures - United Kingdom
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
ConocoPhillips has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustm...
4/15/2019 - Acquisitions and Divestitures - United States
Dutch Supreme Court Rules for Chevron in Ecuador Dispute
The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation, rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ...
4/15/2019 - Financials and Investment - Ecuador
Chevron Announces Agreement to Acquire Anadarko
Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billi...
4/12/2019 - Mergers and Acquisitions - United States
Cabot Energy Relinquishes Otway Basin Licence PEL 629
AIM-listed Cabot Energy has announced that Ouro Preto Resources, the Company's wholly-owned subsidiary, has reached an agreement with The Department for Energy and Mining of the Government of South Au...
4/9/2019 - Acquisitions and Divestitures - Australia
ExxonMobil Invests in Singapore Integrated Complex
ExxonMobil has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude produc...
4/2/2019 - Investment - Singapore
Marathon Oil Signs Definitive Agreement for Third-Party Gas Through Existing Infrastructure
Marathon Oil Corporation and its partners executed the Definitive Agreements with the Government of the Republic of Equatorial Guinea and Alen Unit owners to process Alen Unit gas through Alba Plant L...
4/1/2019 - LNG Processing - Equatorial Guinea
Murphy Oil Announces Strategic Sale of Malaysian Portfolio to PTTEP for $2.127B
Murphy Oil has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil and Murphy Sara...
3/21/2019 - Mergers and Acquisitions - Malaysia
Exxon Hits the Brakes on $1.9B Project
Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-ma...
3/15/2019 - Oil Sands - Canada
International Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion
ConocoPhillips (COP) announced that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously order...
3/8/2019 - Financials and Investment - Venezuela
ExxonMobil Makes Natural Gas Discovery Offshore Cyprus
ExxonMobil said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. ...
2/28/2019 - Exploration - Cyprus
Marathon Oil Sells UK Assets to RockRose Energy
Marathon Oil has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses Marathon Oil U.K. (MOUK) and Marathon Oil West of Shetland (MOWOS). The transactio...
2/25/2019 - Mergers and Acquisitions - United Kingdom
Anadarko Announces LNG Sale and Purchase Agreement with Pertamina
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Pe...
2/19/2019 - Natural Gas - Mozambique
Anadarko Announces LNG Sale and Purchase Agreement with Bharat
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Bh...
2/15/2019 - Natural Gas - Mozambique
Chevron Signs New Gas Agreement with GS Caltex
Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp, has announced the signing of a sales and purchase agreement with GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to...
2/14/2019 - Natural Gas - South Korea
Chevron Technology Ventures Awards Technology Pioneers
Chevron Technology Ventures, LLC, announced the three winners of the first Chevron Tech Challenge, each of whom will receive a $25,000 award in recognition of their innovative technologies and busines...
2/14/2019 - Process Technology Licensing - United States
Anadarko Signs 3 LNG Sale and Purchase Agreement
Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) wit...
2/6/2019 - Natural Gas - Mozambique
ExxonMobil & QP to Proceed with Golden Pass LNG Export Project
ExxonMobil and partner Qatar Petroleum have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in...
2/5/2019 - Investment - United States
Anadarko Announces LNG Sale and Purchase Agreement with Shell
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Sh...
2/5/2019 - Natural Gas - Mozambique
Anadarko Announces LNG Sale and Purchase 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 Sale and Purchase Agreement (SPA) with To...
2/5/2019 - Natural Gas - Mozambique
Chevron Announces Senior Leadership Appointments
Chevron Corporation (CVX) named Pierre Breber vice president and chief financial officer, effective April 1, 2019. Breber replaces Patricia Yarrington who has elected to retire after 38 years of extra...
2/4/2019 - Executive Recruiting - United States
ExxonMobil to Build Gas-for-Power Development in Vietnam
ExxonMobil, with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation, is advancing plans for a multi-billion dollar integrated gas-for-power development in central ...
2/4/2019 - FEED - Vietnam
Anadarko Announces Mozambique LNG Agreement with CNOOC
Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) wit...
2/1/2019 - LNG Processing - Mozambique
Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million
Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (CVX), announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the o...
1/30/2019 - Oil Treating & Refining - United States
ExxonMobil to Proceed with New Crude Unit as Part of Beaumont Refinery Expansion
ExxonMobil has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000...
1/29/2019 - Investment - United States
Oxy to Bring Low-carbon Technologies to Oman’s Oilfield Sector
Occidental Petroleum, the largest independent producer of oil and gas in the Sultanate, has pledged to introduce pioneering low carbon electricity generation and carbon capture and sequestration techn...
1/28/2019 - Process Technology Licensing - Oman
ExxonMobil Begins Drilling Haimara-1 Exploration Well in Guyana
ExxonMobil said that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is located ...
1/7/2019 - Drilling - Guyana
ExxonMobil Issued Statement Regarding Guyana Drilling
ExxonMobil said that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday. ...
12/26/2018 - Safety Services - Guyana
Comstock Resources Announces Haynesville Shale Acquisition
Comstock Resources, Inc. (Comstock) (CRK) announced that it has entered into an agreement with Shelby Shale, LLC (Shelby) to acquire an 88% interest in 6,124 gross acres (6,023 net) limited to Shelby...
12/19/2018 - Oil Shale - United States
ConocoPhillips Closes Sale of 16.5 percent Interest in Clair Field to BP
ConocoPhillips has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhilli...
12/18/2018 - Acquisitions and Divestitures - United Kingdom
Angola's Sonangol, Exxon Mobil Sign Oil Exploration Agreement
Angola’s state oil company Sonangol and Exxon Mobil on Friday signed a memorandum of understanding for oil exploration in the country’s Namibe basin, the two firms said. ...
12/14/2018 - Exploration - Angola
Marathon Oil Reports Successful Bakken Core Extension Test in Ajax Area
Marathon Oil Corporation announced encouraging early production results at an important four-well Middle Bakken pad in the Company's Ajax area of the Williston Basin in Dunn County, North Dakota. The ...
12/11/2018 - Production - United States
Chevron Announces Leadership Changes
Chevron Corporation (CVX) named Navin Mahajan vice president and treasurer, effective February 1, 2019. The company also appointed Dale Walsh vice president of Corporate Affairs, effective March 1. ...
12/10/2018 - Executive Recruiting - United States
Murphy Oil Closes GOM JV with Petrobras
Murphy Oil Corporation (MUR) announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint ve...
12/3/2018 - Mergers and Acquisitions - United States

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