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Chesapeake Acquires WildHorse for $4B

Nov 04, 2018

Chesapeake Energy has entered into a definitive agreement to acquire WildHorse Resource Development, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3…

PitPoint.LNG Preps Europe’s First STS LNG Bunkering Station

Nov 02, 2018

PitPoint.LNG, a joint venture between PitPoint clean fuels and Primagaz Nederland BV, received the official permit for the construction of Europe’s first shore-to-ship (STS) bunkering station for LNG in the Port of Cologne.With this important milestone now in place…

EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal

Nov 02, 2018

The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013…

Encana Widens N. America Reach with $5.5 bln Newfield Deal

Nov 01, 2018

Canada's Encana Corp will buy Newfield Exploration Co for $5.5 billion, giving the natural gas producer greater access to North America's biggest oilfields.Thursday's all-stock deal will give Encana more acreage in United States' Anadarko and Permian basins as well as Canada's Montney regions…

BP Completes $10.5-billion BHP Billiton Acquisition

Nov 01, 2018

London-based BP Plc BP has completed the $10.5-billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio, in a move that upgrades and repositions its American onshore business…

Australia: Triangle Energy Joins Key Petroleum in Mt Horner Oilfield

Nov 01, 2018

Australian oil and gas production and exploration company Triangle Energy (TEG) has entered a farmout deal with fellow oil junior Key Petroleum to acquire a 50% stake in the Mt Horner oilfield in Western Australia’s Perth Basin.'The Board of…

Hess Points to Higher E&P Budget for 2019

Oct 31, 2018

U.S. oil and gas producer Hess Corp said on Wednesday its exploration and production budget in 2019 would be closer to $3 billion.The company said it expects capital expenditure to average about $3 billion through 2025, up from its current-year forecast of $2…

Puma Energy Appoints New CEO

Oct 30, 2018

Integrated midstream and downstream oil group Puma Energy has appointed Emma FitzGerald as its new chief executive, the company said on Tuesday.FitzGerald will succeed Pierre Eladari on January 2, 2019.FitzGerald was previously an executive director at Severn Trent Water…

Gastar Exploration Files for Bankruptcy

Oct 30, 2018

The pure play Mid-continent energy company Gastar Exploration will file for bankruptcy with support from the company's largest creditor and shareholder, the Los Angeles private equity group Ares Management.The financially struggling Houston…

EnBW Launched Green Bond

Oct 30, 2018

German utility EnBW Energie Baden-Württemberg AG  has launched its first green bond on the capital market, with an issue size of €500m ($570.8m), which was oversubscribed within hours, the energy company said in a press release.The bond issue…

Denbury to Acquire Penn Virginia for USD 1.7 bln

Oct 30, 2018

Texas-based Denbury Resources will acquire Houston-based upstream energy company focused on the Eagle Ford Shale Penn Virginia in a deal valued at $1.7 billion, including the assumption of debt.According to a press release, the deal is expected to close in the first quarter of 2019…

ConocoPhillips Tops Profit Estimates, Raises 2018 Spending

Oct 25, 2018

ConocoPhillips beat analysts' estimates for profit in the third quarter, as the world's largest independent oil and gas producer benefited from higher oil prices and a program of asset sales and technology-driven cost cuts.With oil prices rising steadily through the quarter…

Jacobs Sells ECR Division to WorleyParsons

Oct 25, 2018

Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's  Energy, Chemicals & Resources (ECR) division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals…

Andy Richardson Joins as COO of SimecAtlantis Energy Limited

Oct 23, 2018

Simec Atlantis Energy  announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1…

Neptune Energy Names Lumens CFO

Oct 22, 2018

Private equity backed oil and gas producer Neptune Energy on Monday named former Louis Dreyfus executive Armand Lumens as its chief financial officer. Lumens worked with Louis Dreyfus Co as its group chief financial officer for less than two…

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