More Companies News

Empire names chief executive officer

Empire Oil & Gas NL, Claremont, Western Australia, has selected Ken Aitken as its chief executive officer. He will assume the position in May.

TransAtlantic to acquire concessions in Poland

TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PLC of Dublin and Hutton Energy PLC of London in which TransAtlantic Worldwide would receive 50% interest in nine Polish concessions encompassing 1.9 million gross acres.

Petsec Energy buys block interest in Yemen

Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.25% participating interest in Block 7 of the Al Barqua permit in Yemen.

Total, InterOil close Papua New Guinea deal

InterOil and Total SA have finalized a revised sales and purchase agreement for the Elk-Antelope gas-condensate field in petroleum retention licence 15 (PRL15) in the eastern highlands of Papua New Guinea.

Gorder named Valero chief executive officer

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As part of the transition, the company is changing its name to Escalera Resources Co., also effective Apr. 1.

MOL closes purchase of North Sea assets from Wintershall

MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in the North Sea for $375 million.

Gasoline price games

Let's assume you're a typical American, typically scornful of the oil and gas industry. You don't work for the industry. You don't know much about it. In fact, your only direct contact with the industry occurs when you buy gasoline.

OGJ Newsletter

International news for oil and gas professionals

OMV acquires West of Shetland licenses from Hess

OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect, for $50 million. Depending on future developments, a contingent payment of as much as $35 million is possible, OMV said.

Millennium Pipeline appoints president

Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 2012.

ONGC Videsh names exploration director

ONGC Videsh Ltd. (OVL), the overseas arm of Oil & Natural Gas Corp. Ltd., has named Anil Bhandari as exploration director. In his role, Bhandari will manage overseas exploration assets and evaluate exploration opportunities, as well as spearhead the business development for new exploration and production assets acquisitions.

Vermilion to buy southeast Saskatchewan assets

Vermilion Energy Inc., Calgary, has signed an agreement with a private southeast Saskatchewan producer to acquire light oil producing assets in the Northgate region of southeast Saskatchewan for $400 million.

Keyera to buy west central Alberta gas plant

Keyera Corp., Calgary, will pay $133 million to Whitecap Resources Inc. for interests in gas processing in west central Alberta and in associated oil and gas reserves, Keyera reported. The company expects the acquisition to close on May 1.

Imperial to sell conventional assets to Whitecap for $855 million

Imperial Oil Ltd. has reached an agreement to sell its interest in conventional assets in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in British Columbia and Alberta to Whitecap Resources Inc. for $855 million. The deal is expected to close in May.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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