Oil & Gas Journal’s coverage of oil companies in the US and around the world plus a stock market tracker with company-specific information, press releases, and more.

Market Indices

Oil Companies News

Tallgrass secures right to acquire Pony Express interest for $600 million

Jul 22, 2014

Tallgrass Energy Partners LP (TEP) has been offered the right to purchase 33.3% interest in Tallgrass Pony Express Pipeline LLC by Tallgrass Development LP for $600 million.

Allan Gray fails to block Roc merger with Horizon

Jul 21, 2014

Fund manager Allan Gray, the largest shareholder in Sydney-based Roc Oil Ltd., has failed in its challenge to the company's proposed $800 million (Aus.) merger with Horizon Oil Ltd., also of Sydney.

Cheniere, EDF sign Corpus Christi LNG supply deal

Jul 18, 2014

Corpus Christi Liquefaction LLC (CCL), a subsidiary of Cheniere Energy Inc., Houston, has agreed to supply Electricite de France SA (EDF) with 380,000 tonnes/year of LNG on the start of operations of Train 2 of the LNG export facility under development near Corpus Christi, Tex.

Obama’s latest sanctions against Russia include oil, gas firms

Jul 17, 2014

In response to continued unrest in Ukraine, US President Barack Obama has announced new sanctions against Russia that include—for the first time—operations of Russian state-owned energy firms.

Swift, Saka complete Eagle Ford development deal

Jul 15, 2014

Swift Energy Co., Houston, completed its agreement with PT Saka Energi Indonesia to fully develop 8,300 acres of Fasken properties in the Eagle Ford in Webb County, Tex.

Rosneft ups stake, takes over operatorship of Solimoes project

Jul 15, 2014

OAO Rosneft reported that the Brazilian government has approved a transaction that would give Rosneft an additional 6% in a joint venture in the Solimoes basin for $96 million. The transaction would give Rosneft 51% interest and operatorship in the JV.

Rosneft to acquire assets for $500 million from Weatherford in Russia, Venezuela

Jul 14, 2014

OAO Rosneft has signed agreements to acquire land drilling and workover assets in Russia and Venezuela from Weatherford International PLC for $500 million cash.

Whiting to acquire Kodiak in $6 billion deal

Jul 14, 2014

Whiting Petroleum Corp. has agreed to acquire Kodiak Oil & Gas Corp., both of Denver, in an all-stock transaction valued at $6 billion, creating the largest Bakken-Three Forks producer with more than 107,000 boe/d of first-quarter production, 855,000 combined net acres, and 3,460 net future drilling locations.

Woodside farms into Beach’s Tanzania permit

Jul 14, 2014

Woodside Petroleum Ltd. has farmed into Beach Petroleum Ltd.’s wholly owned and logistically intriguing inland offshore permit in Lake Tanganyika, Tanzania.

OGJ Newsletter

Jul 14, 2014

International news for oil and gas professionals

Allan Gray fails to block Roc merger with Horizon

Jul 11, 2014

Fund manager Allan Gray, the largest shareholder in Sydney-based Roc Oil Ltd., has failed in its challenge to the company’s proposed $800 million (Aus.) merger with Horizon Oil Ltd., also of Sydney.

Oxy assigns executive responsibilities

Jul 11, 2014

Occidental Petroleum Corp. has clarified executive management responsibilities following the recent appointment of leadership for the company’s California Resources Corp. (CRC) subsidiary.

BG Group completes sale of CATS pipeline interest

Jul 11, 2014

BG Group has completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea along with associated infrastructure to Antin Infrastructure Partners, Paris.

Leadership named for Oxy California independent spinoff

Jul 10, 2014

Occidental Petroleum Corp. has appointed Todd A. Stevens as president and chief executive officer and William E. Albrecht as executive chairman of its independent spinoff California Resources Corp. (CRC).

Arawak Energy to acquire Lundin’s Komi region assets

Jul 10, 2014

Arawak Energy Russia BV has agreed to acquire all interests in the Sotchemyu-Talyu and North Irael fields in Russia’s Komi region from Lundin Petroleum AB.

Commodity Index

Oil Company Featured Articles

OGJ100 group posts higher 2012 output, lower earnings

Sep 2, 2013

The latest compilation of the top 100 oil and gas producers outside the US reported much weaker financial results for 2012, as a result of a weak economy, higher costs, and sluggish energy prices.

OGJ150 earnings down as US production climbs

Sep 2, 2013

The dramatic slide of US natural gas and natural gas liquids prices, large differential between West Texas Intermediate and Brent prices, weak energy demand growth, and increased capital and operating costs in 2012 are reflected in the financial results posted by the companies on the OGJ150 group.

Barnett at DFW provides lessons on shale gas projects at US airports

Aug 5, 2013

US airfield owners are lured by attractive signing bonuses to lease their shale acreage. But shale operators cannot always fulfill their promises to drill, and the Dallas-Fort Worth Barnett shale field development project shows some winners and losers.

FOCUS: UNCONVENTIONAL OIL & GAS: EIA-ARI issues update of world assessment of shale oil, shale gas

Jul 1, 2013

Countries outside the US and Canada have vast quantities of hydrocarbons yet to be tapped from shale formations, said a June assessment released by the US Energy Information Administration, which commissioned Advanced Resources International Inc. to compile the updated report.

FOCUS: UNCONVENTIONAL OIL & GAS — Montney, Duvernay will be key to Canada shale oil, gas growth

Apr 1, 2013

The oil and gas industry continues working to develop unconventional plays in British Columbia and Alberta, particularly oil and liquids with an emphasis toward the Duvernay and Montney in the Western Canada Sedimentary Basin (WCSB).

Capital spending in US, Canada to rise led by pipeline investment boom

Mar 4, 2013

Led by an investment boom in pipeline construction, capital expenditures for oil and gas projects in the US will increase 10% to $348 billion in 2013, following a 7% increase in spending last year.

FOCUS: UNCONVENTIONAL OIL & GAS: Industry awaits permission to explore South Africa's Karoo shale gas

Jan 7, 2013

With the lifting of a ban on hydraulic fracturing, oil and gas companies hope the South African government will authorize natural gas development in the Karoo basin, which awaits actual exploration for unconventional resources.

Oil & Gas Webcasts

OGJ's Midyear Forecast 2014

This webcast, sponsored by Iron Mountain and Aggreko, is to be presented by OGJ Editor Bob Tippee, will summarize the Midyear Forecast projections ...
Jul 22, 2014

Integrated Operations & Maintenance: A Step Change to Improve Productivity & Mitigate Operational Risk

West Engineering Services and IBM will discuss how the oil & gas companies are driving toward both greater productivity and reduced risk throug...
Mar 16, 2011

Market Connections

Manager of Exploration and Development

Manager of Exploration and Development

Manager of Exploration and Development: An Australian O&G Independent E&P company is seeking Manager of Exploration and Development - Onsho...
Colorado School of Mines

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor. Colorado School of Mines Petroleum Engin...

Now Hiring: Minerals Leasing Program Manager

Become part of an organization where you will work with dedicated and extraordinary people who have commitment and skills to manage and protect Ida...

Absolute Auction: Pecos River Ranch Retreat

Absolute Auction: Pecos River Ranch Retreat. 1,616.24 Acres, Santa Fe, NM. Roughly a Mile of Pecos River Frontage. Auction: July 30th @ 1:30 pm, Hy...
Denbeste Water Solutions

Seeks Funding for Leasing and Drilling

Company has numerous oil & gas prospects supported by 2-D seismic in theTexas-Louisiana Gulf Coast onshore. Seeks funding for leasing and drill...

Oil & Gas Conferences

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Offshore Middle East Conference & Exhibition

January 26, 2015
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