OAO Rosneft and Petroleos de Venezuela SA (PDVSA) have signed a cooperation agreement for offshore projects in the Rio-Caribe and Mejillones blocks, the second stage of the Mariscal Sucre gas project
ConocoPhillips says it expects to recognize an aftertax gain from the sale of $1.1 billion. Proceeds would be available for general corporate purposes, including investments in the company ’s higher-margin, organic growth programs.
Crude oil and product futures prices were mixed on the New York and London markets on July 29 as US and Europe jointly announced broader sanctions against Russian businesses in retaliation for Russia’s involvement in the ongoing unrest in Ukraine.
will pursue the formation and initial public offering of a midstream master limited partnership (MLP) that would support the company ’s production growth in the Bakken shale . The MLP will consist of Hess’s natural gas processing plant in Tioga, ND, where
effective for both species and people ,” Natural Resources Committee ..... have been filed against the government during this administration alone ..... Require the federal government to disclose to affected states ..... and require the federal government ’s “best available scientific
The American Petroleum Institute has published new guidelines for the design, manufacture, and use of subsea capping stacks. The equipment is part of the oil and gas industry’s emergency preparedness in the event of a subsea spill at a wellhead, API said.
Templar, an exploration and production company formed by First Reserve Corp. in 2012 ..... with the underlying objectives of his company ’s 3-year plan. “Today’s sale further ..... weather conditions over the next month, the company reported. Production is expected to begin
Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie.
Europe and Africa are the regions under greatest scrutiny by major oil and gas companies trying to tighten capital discipline in response to pressure to improve shareholder returns, concludes a new report by Wood Mackenzie.
In line with the lowest price volatility in years and stable crude oil prices, cash flow from operations for major energy companies has flattened. Data compiled from quarterly reports suggest that, for the year ending Mar. 31, cash from operations for 127 major oil and gas companies totaled $568 ...