Archive for the ‘Companies’ Category
Chevron Corp. will not make a counterproposal to acquire Anadarko Petroleum Corp. following Anadarko’s determination that a revised bid from Occidental Petroleum Corp. constitutes a “superior proposal” and will allow the 4-day match period to expire….
Two US Department of Energy national laboratories and ExxonMobil Corp. plan to invest as much as $100 million over 10 years to advance lower emissions energy technologies that could be brought to a commercial scale. The agreement involving DOE’s Nation…
Murphy Oil Corp. and partners are considering the drilling of an appraisal well of their Cholula discovery in deep water offshore Mexico as well as two exploration wells on the same Salina basin block next year.
ENR acquires remaining Eagle Ford assets from PNR
May 7th, 2019 by Latest News
Pioneer Natural Resources has closed on the sale of its Eagle Ford shale and remaining South Texas assets to Ensign Natural Resources. PNR will receive as much as $475 million in total proceeds, of which $25 million was received at closing and $450 mil…
Amplify Energy, Midstates Petroleum to merge
May 6th, 2019 by Latest News
Amplify Energy Corp. and Midstates Petroleum Co. Inc. have agreed to a merger pursuant to which Amplify will merge with a subsidiary of Midstates in an all-stock deal.
TransCanada will become TC Energy
May 6th, 2019 by Latest News
TransCanada Corp. shareholders, representing 99.55% of votes cast, have approved a special resolution authorizing the company to amend its articles to change its name to TC Energy Corp.
Occidental Petroleum Corp. is continuing its push to acquire Anadarko Petroleum Corp., raising the cash portion of its bid in a revised offer following an agreement struck with Total SA to sell Anadarko’s Africa assets for $8.8 billion, contingent on O…
ExxonMobil Corp. has financed the Liza Phase 2 development offshore Guyana after receiving government and regulatory approvals. Liza Phase 2 will produce as much as 220,000 b/d, and ExxonMobil forecasts the Stabroek block will produce more than 750,000…
Oil Search Ltd., Port Moresby, has plugged its Muruk-2 appraisal well in petroleum development licence 9 (PDL9) in the Southern Highlands of Papua New Guinea following an extended test program.
Orphan-well load cited in firm’s failure
May 2nd, 2019 by Latest News
A small Calgary natural gas producer is ceasing operation, saying a January decision by the Canadian Supreme Court on responsibility for orphan wells aggravated its financial problems.