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Magnum Hunter Resources Inc. and Prize Energy Corp. Tuesday said they would merge into a $1.2 billion independent oil and gas company during the first quarter. The company will continue to be named Magnum Hunter Resources and will remain in Irving
Eric Watkins Senior Correspondent LOS ANGELES, Mar. 23 -- Naftohaz Ukrayiny, the state oil and gas company of Ukraine, expects to receive the first $350 million installment in early April of a $2 billion loan from Deutsche Bank for
ALGIERS �The general manager of the Algerian state oil and gas company Sonatrach, Abdelhak Bouhafs, and the president of South Africa's Central Energy Fund, Renosi Mokate, signed an energy cooperation
By OGJ editors HOUSTON, Nov. 6 -- Petroleos Mexicanos (Pemex), Mexico's national oil and gas company said Wednesday that it had received no bids for Corindón-Pandura, the fourth contract under its seven-contract Multiple Services
To journalists the sight of a busy lawyer is always a bad omen, but for oil and gas company executives it can be an indicator of good times ahead. Geoff Simpson, partner at the Perth office of giant Australian law firm
By OGJ editors HOUSTON, Oct. 16 -- Repsol-YPF SA has bid over $2.4 billion to be the first foreign oil and gas company to explore for and develop hydrocarbons in Mexico since nationalization in 1938. The Spanish-Argentine giant
By OGJ editors HOUSTON, Nov. 8 -- Algerian Prime Minister Ahmed Ouyahia said state oil and gas company Sonatrach and state electricity and gas company Sonelgaz are not included in the planned privatization of Algerian corporations
gas market is ever liberalized, one of the catalysts will have been Wintershall AG, Kassel, Germany. This small oil and gas company is being backed by parent BASF AG to force a way into a German market dominated by Ruhrgas AG. Wintershall set itself
Transocean Sedco Forex Inc.'s drilling rig Sovereign Explorer will spud the first exploration well on the Sarsfield prospect on the Irish continental shelf for Statoil AS late this spring, the Norwegian state-owned oil and gas company said Thursday. Sarsfield is on exploration license 8/95 in 650 m ...
Improving technology may help improve the productivity of oil and gas company employees, but observers doubt how long these efficiencies will last without industry addressing the underlying problem, its shortage of skilled technical workers.