Houston — The US oil and gas rig count took a step back, falling 11 to 530 on the week, rig data provider Enverus said April 22 – the first rig count drop this year, even […]
CALGARY – New greenhouse gas emission targets set by Canada and the United States are “extremely aggressive” and being made without proper process, says the CEO of Calgary-based Precision Drilling Corp. But Kevin Neveu says […]
Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets. The world’s […]
Exxon Mobil Corp. and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshaling executives, TV appearances, social media and websites […]
DiamondBack Energy Inc on Monday raised its full-year production outlook as the shale oil and gas producer accounted for its acquisition of rival QEP Resources and benefited from a recovery in crude prices. Commodity prices are picking up […]
The arrival of the new floating production unit is a major milestone towards the completion of Mad Dog 2, BP said on Monday. Once online, Argos will significantly strengthen BP’s high-margin oil and gas business in the Gulf of Mexico. It is also expected to support […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
According to a Reuters article, Seadrill proposed a debt write-off of just over $4.8 billion. That would cut its debt by more than 86.5 per cent to $750 million. The media outlet claimed that Seadrill has […]
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire the leasehold interests and related assets of DoublePoint Energy (DoublePoint) in a transaction valued […]
Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin (the “Tracker Acquisition”) from Tracker Resource […]
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