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Unconventional Resources Companies News and Press Releases

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
ExxonMobil Increases Stabroek Resource Estimate to 5 Billion Barrels
ExxonMobil said it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. ...
12/3/2018 - Reservoir Engineering & Recovery Methods - Guyana
Chevron Announces Oil & Gas Production in Deepwater Gulf of Mexico
Chevron Corporation (CVX) announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located app...
11/21/2018 - Production - United States
Steven W. Green Named President of Chevron North America Exploration and Production
Chevron Corporation (CVX) named Steven W. Green president of Chevron North America Exploration and Production, effective March 1, 2019. ...
11/6/2018 - Executive Recruiting - United States
Occidental Petroleum Takes $196M Charge on ISND Exit
Occidental Petroleum Corporation announced net income for the third quarter of 2018 of $1.9 billion, or $2.44 per diluted share, which included an after-tax gain on the sale of domestic midstream asse...
11/5/2018 - Financials and Investment - Oman
Pioneer Announces Sale of South Texas Sinor Nest Oil Assets for $132M
Pioneer Natural Resources Company (PXD) announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest (Lower Wilcox...
11/1/2018 - Acquisitions and Divestitures - United States
Chesapeake Energy Accelerates Strategic Plan with Acquisition of Wildhorse
Chesapeake Energy Corporation (CHK) and WildHorse Resource Development Corporation (WRD) jointly announced that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas ...
10/30/2018 - Mergers and Acquisitions - United States
ExxonMobil & Rosneft to Build Sakhalin LNG Plant
Rosneft and ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, according to sources. The four com...
10/25/2018 - LNG Processing - Russia
Anadarko Sign LNG SPA with Tohoku Electric Power Company
Anadarko and our co-venturers in Area 1 are proud to report we have executed an LNG Sale and Purchase Agreement (SPA) with Tohoku Electric Power Company, Inc. for the supply of 0.28 million tonnes of ...
10/16/2018 - Natural Gas - Mozambique
Murphy Oil & Petrobras Announce Strategic Deep Water Joint Venture
Murphy Oil Corporation (MUR) announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has entered into a definitive agreement to form a new joint venture company with...
10/10/2018 - Production - United States
Mozambique Signs Oil Exploration Agreements with Exxon, Rosneft
The Mozambican government had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft. Mozambique’s National Petroleum Institute, an energy regulator in the southern A...
10/8/2018 - Exploration - Mozambique
Marathon Oil Looks to Exit North Sea, Joining other U.S. Rivals
Marathon Oil has launched the sale of its British North Sea oil and gas fields, a document seen by Reuters showed, the latest U.S. firm to retreat from the basin to focus on onshore shale production a...
10/3/2018 - Acquisitions and Divestitures - Norway
Encana to Sell San Juan Assets to DJR Energy for $480 million
Encana Corporation, announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-ba...
10/1/2018 - Acquisitions and Divestitures - United States
ConocoPhillips Enters Agreement to Sell Interest in Greater Sunrise Fields
ConocoPhillips has entered into an agreement to sell to the government of Timor-Leste its 30 percent interest in the Greater Sunrise Fields. The total sales price of the transaction, which is conditio...
10/1/2018 - Acquisitions and Divestitures - Portugal
ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Tita exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. ...
9/28/2018 - Acquisitions and Divestitures - Brazil
Noble Announces Pipeline Solution for Leviathan & Tamar Gas Exports to Egypt
Noble Energy, Inc. has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. ...
9/27/2018 - Oil and Gas Pipeline - Egypt
Chevron and PTTEP to Face Off in Thai Petroleum Auction
Chevron Corp and Thailand's PTT Exploration and Production Pcl (PTTEP) will compete in the auction of Bongkot and Erawan petroleum concessions in the Gulf of Thailand after bids were submitted on Tues...
9/24/2018 - Acquisitions and Divestitures - Thailand
Range Provides Update on the Beach Marcelle Waterflood Program
Range, an international oil and gas company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, is pleased to provide an update with respect of its producing waterfloo...
9/20/2018 - Drilling - Trinidad and Tobago
Vanguard Natural Resources Announces Additional Asset Divestiture Updates
Vanguard Natural Resources, Inc. has executed a purchase and sale agreement for the sale of its ownership in natural gas properties in the Arkoma basin of Arkansas, which comprise all if its interests...
9/13/2018 - Acquisitions and Divestitures - United States
Matador Announces Acreage Acquisitions in BLM New Mexico Oil and Gas Lease Sale
Matador Resources Company announced the successful acquisition of 8,400 gross (8,400 net) acres for approximately $387 million, or a weighted average cost of approximately $46,000 per net acre, in Lea...
9/12/2018 - Acquisitions and Divestitures - United States
ConocoPhillips Asks to Extend Operations in Indonesia Gas Block
ConocoPhillips has asked Indonesia’s energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said. ...
9/3/2018 - Acquisitions and Divestitures - Indonesia
ExxonMobil Adds Ninth Discovery Offshore Guyana
ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential develo...
8/30/2018 - Exploration - Guyana
Exxon Starts Deepwater Drilling off Southeastern Australian Coast
ExxonMobil has commenced a A$120 million ($88 million) offshore exploration drilling off Australia’s southeast coast to search for new sources of natural gas. ...
8/27/2018 - Offshore Drilling - Australia
Cenovus Reaches Agreement to Sell Pipestone Business for $625 Million
Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alb...
8/9/2018 - Acquisitions and Divestitures - Canada
Vanguard Natural Resources Announces Additional Asset Divestitures
Vanguard Natural Resources, Inc. has closed the sale of its ownership in natural gas properties and associated midstream assets in the Potato Hills field in the Arkoma Basin for gross proceeds of $22....
8/2/2018 - Acquisitions and Divestitures - United States

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