Archive for the ‘Companies’ Category
CNRL agrees to buy Devon’s Canadian assets
May 29th, 2019 by Latest News
Canadian Natural Resources Ltd. will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada for $3.775 billion (Can.) cash. Devon Energy announced early this year its plan to shed Canadian oper…
Consortium launches industrial-scale CCS project
May 28th, 2019 by Latest News
A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN), and Total SA, has launched a project to demonstrate an innovative process for capturing carbon dioxide from industrial activities. The so-named DMX…
BHP said its conventional oil assets look to be attractive investments “for several decades,” particularly its holdings offshore Mexico and offshore eastern Canada. During an operations update, BHP executives said the company expects to spud an apprais…
APLNG okay to buy Ironbark CSG project
May 22nd, 2019 by Latest News
The Origin Energy-operated Australia Pacific LNG group has obtained permission to acquire Origin’s undeveloped Ironbark coal seam gas project in permit ATP 788P in Queensland. The Australian Competition and Consumer Commission said it would not oppose …
Sale an option in CVR Energy review
May 22nd, 2019 by Latest News
CVR Energy Inc., Sugar Land, Tex., has designated Bank of America Merrill Lynch its financial advisor for a review of strategic alternatives, which might include sale of the company. A subsidiary, CVR Refining LP, operates a 132,000-b/cd refinery at Co…
Move to London approved for SDX Energy
May 21st, 2019 by Latest News
SDX Energy shareholders have approved a move of corporate headquarters to London from Calgary as part of a court-approved reorganization. A new, UK-based company, SDX Energy PLC, will acquire shares in the former SDS Energy Inc. and apply for its share…
Oil from US shale on track to rise 16% in 2019
May 21st, 2019 by Latest News
US shale operators are on course to increase oil production markedly in 2019. The growth in US onshore production from the first quarter through the fourth quarter could come in at around 1.1-1.2 million b/d, or 16% for the full year, according to Ryst…
Tracking by Cowen Inc., an American multinational investment bank, shows spending plans for 2019 by independent exploration and production firms are down 11%. Cowen expects independent E&Ps to honor capital discipline commitments for the remainder …
Naphtha Israel Petroleum buying Isramco
May 21st, 2019 by Latest News
Isramco Inc., Houston, will become an indirect, wholly owned subsidiary of Naphtha Israel Petroleum Corp. Ltd. under a definitive merger agreement based on a cash purchase of Isramco shares.
Inpex shuffle eyes exploration, projects
May 20th, 2019 by Latest News
Inpex Corp., Tokyo, has reorganized “to reinforce oil and gas exploration and mergers and acquisitions capabilities” and to strengthen project execution.