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Miller Energy selects chief financial officer

Miller Energy Resources Inc., Knoxville, Tenn., has named John M. Brawley as its chief financial officer.

FAR signs farmout deal for permits offshore Senegal

Perth-based FAR Ltd. (formerly First Australian Resources) has received $5.5 million (Aus.) from UK firm Cairn Energy PLC in a farmout deal in its exploration permits offshore Senegal.

MDU Resources subsidiary acquires Powder River assets

Fidelity Exploration & Production Co., an indirect, wholly owned subsidiary of MDU Resources Group Inc., has agreed to purchase working interests and leasehold positions in oil and natural gas production assets in Wyoming’s southern Powder River basin from undisclosed private sellers. The deal is expected to close on or before Apr. 1.

Newfield completes sale of Malaysian business

Houston independent Newfield Exploration Co. has closed on the sale of its business offshore Malaysia to SapuraKencana Petroleum Bhd. for $898 million.

PNR reports $3.3 billion capex plan for 2014

Pioneer Natural Resources Co. (PNR), Dallas, reported capital expenditure plans of $3.3 billion for 2014, $2.2 billion of which to be used to target the northern Spraberry-Wolfcamp area the Midland basin of West Texas.

Shell cancels 2014 drilling off Alaska in court decision's wake

Royal Dutch Shell PLC will not resume activity on federal leases it holds offshore Alaska in 2014 because a US appeals court's Jan. 22 decision in a 2008 lawsuit against the US Department of the Interior has created significant uncertainties, company officials stated.

ERHC to farmout part of interest in Kenya to CESPA

ERHC Energy Inc., Houston, has reached a farmout agreement with Spain’s Compania Espanola de Petroleos SA (CEPSA) for 55% stake in Block 11A in northwestern Kenya.

Statoil reports 2013 income of $25 billion, to reduce 2014-16 spending

Statoil ASA reported its 2013 net operating income was $25 billion along with plans to reduce capital expenditures by more than $5 billion from 2014-16.

Baytex to acquire Aurora for $2.6 billion

Baytex Energy Corp., Calgary, has agreed to acquire Aurora Oil & Gas Ltd., Subiaco, Western Australia, for $2.6 billion, providing Baytex with 22,200 net contiguous acres in the Sugarkane field in the Eagle Ford shale of South Texas.

Noble to farm out part of Leviathan interest

Noble Energy Inc. has signed a nonbinding memorandum of understanding regarding the sale of 9.66% interest in the Leviathan licenses offshore Israel to Woodside Petroleum Ltd.

VAALCO gets IFC loan for work off Gabon

VAALCO Energy Inc., Houston, has received a $65-million reserve-based loan facility from IFC, part of the World Bank Group, to support further oil and gas development on the Etame Marin Block offshore Gabon.

Total sells block interest offshore Angola for $750 million

Total SA will sell 15% participating interest the offshore Angola Block 15/06 to Sonangol E&P for $750 million.

Anadarko reports fourth-quarter loss, record yearend sales volumes

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

ExxonMobil expands Permian acreage, enters Utica agreement

XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to fund development to gain operating equity in 34,000 gross acres in the liquids-rich Wolfcamp in Texas’s Midland and Upton counties, increasing the company’s holdings in the Permian basin to just more than 1.5 million net acres.

Range Resources selects chief executive officer

Range Resources Ltd. has named Rory Scott Russell as its chief executive officer.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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