much as $500 million from Warburg Pincus affiliates as an independent oil and gas company focused on the US Midcontinent and Rocky Mountain regions. “The company will focus on plays with large amounts of hydrocarbons in place and low recovery factors
Rex Energy Corp., State College, Pa., has entered a joint venture agreement with an affiliate of ArcLight Capital Partners LLC for the joint development of 32 wells in western Pennsylvania.
Security problems have forced DNO ASA , Oslo, to suspend production in Yemen. The company had been producing a combined 1,950 b/d of oil, 950 net to its working interests, from Blocks 32 and 43, both of which it
Crude oil prices fell modestly in New York and London on Mar. 30 and in early trading Mar. 31 as investors anticipated a resolution to Iranian nuclear talks.
Maryland Attorney General Martin E. Frosh (D) said he strongly opposes proposed oil and gas activity on the Mid-Atlantic US Outer Continental Shelf in comments submitted to the US Bureau of Ocean Energy Management.
Chevron Canada Resources has filed an application with Alberta Energy Regulator to drill 32 wells in the Duvernay formation in the Fox Creek area.
in the US. USW and Shell—the lead company for National Oil Bargaining (NOB) negotiations ..... contracts over the next few days, the company says. Higher operating costs Tesoro says ..... compared with historical averages across the company ’s West Coast system. The company estimates
The US Energy Information Administration is providing monthly data of crude oil shipments by rail for the first time. The new crude-by-rail movements will be integrated with its existing monthly petroleum supply statistics, which already include crude movements by pipeline, tanker, and barge, EIA
about by the failure of the Venezuelan government to approve Harvest’s sale of its Venezuelan ..... Investment Disputes claiming the Venezuelan government hampered its business activities, including ..... restructuring and reorganization in the event the company is not able to obtain sufficient funding
Rainer Seele has been named chairman of the executive board and chief executive officer of OMV AG, effective July 1.