Archive for the ‘Companies’ Category
Degner named Range Resources senior VP, COO
May 17th, 2019 by Latest News
Denis Degner has been promoted to senior vice-president and chief operating officer of Range Resources Corp.
ExxonMobil Corp.’s development of Permian basin resources in New Mexico will generate $64 billion in net economic benefits for the state and local communities over the next 40 years, according to a study conducted for ExxonMobil by Impact Data Source.
Santos joins P’nyang group in Papua New Guinea
May 16th, 2019 by Latest News
Santos Ltd., Adelaide, reported it intends to acquire a 14.3% interest (pre-government back-in) in petroleum retention licence PRL3 in the western highlands of Papua New Guinea. The licence contains P’nyang natural gas field.
Spur Energy Partners LLC, Houston, and investment firm KKR have partnered to acquire oil and gas production and development assets across the Lower 48, beginning with a signed agreement to acquire the Permian Northwest Shelf assets of Percussion Petrol…
Equinor claims Shell’s Caesar Tonga stake
May 13th, 2019 by Latest News
Equinor said it will increase its interest in deepwater Caesar Tonga oil field in the Gulf of Mexico to 46% by exercising a preferential right to acquire Shell Offshore Inc.’s 22.45% interest for $965 million.
Shell Midstream Partners LP, Houston, has agreed to acquire Shell’s 25.97% equity interest in Explorer Pipeline Co. and 10.125% equity interest in Colonial Pipeline Co. for $800 million. The acquisition will increase Shell Midstream Partners’ interest …
Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates this weekend, sending crude futures up sharply May 13. Supply disruptions in the Middle East on top of an already tight crude market could send oil prices …
Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 coventurers—has entered into a 17-year, 1.6 million-tonne/year LNG supply agreement with Jera Co. Inc. and CPC Corp.
IFM Investors to acquire Buckeye Partners
May 10th, 2019 by Latest News
IFM Investors, through the IGM Global Infrastructure Fund, agreed to acquire Buckeye Partners LP, Houston, in an all-cash deal with an enterprise value of $10.3 billion and an equity value of $6.5 billion.
Oxy, Anadarko merger moves to approvals phase
May 10th, 2019 by Latest News
A deal to combine Anadarko Petroleum and Occidental Petroleum is moving to the approvals phase. Anadarko on May 9 entered into a definitive merger agreement with Oxy following the termination of its previously announced merger agreement with Chevron. A…