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ExxonMobil acquires more exploration acreage offshore Namibia

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4/25/2019 Namibia offshore. Photo: Azinam Ltd. IRVING — ExxonMobil has said it will increase its exploration acreage in Namibia with the addition of approximately 28,000 km2 (7 million net acres) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in Read More

Trump to postpone offshore oil expansion to 2020 post-election

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By Jennifer A. Dlouhy on 4/25/2019 Photo: U.S. President Donald Trump. WASHINGTON (Bloomberg) — The Trump administration is delaying its bid to expand oil drilling to new U.S. waters until after the 2020 election in response to opposition from coastal Republicans and a legal defeat, according to two people briefed on the matter. Administration officials Read More

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

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By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Martin Midstream Partners Announces Strategic Initiatives

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KILGORE, Texas, April 24, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today strategic initiatives designed to strengthen the balance sheet by reducing leverage and allowing the Partnership to retain earnings to fund growth opportunities.  These initiatives consist of: The previously announced marketing of the Partnership’s gas storage assets. The active Read More

Range Announces First Quarter 2019 Financial Results

3 days ago DieselGasoil Comments Off on Range Announces First Quarter 2019 Financial Results
FORT WORTH, Texas, April 22, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2019 financial results.  Highlights – GAAP cash flow provided from operating activities of $261 million, and non-GAAP cash flow of $269 million GAAP net income of $1.4 million ($0.01 per diluted share), and non-GAAP net income Read More

SRC Energy Issues Preliminary First Quarter 2019 Results; Provides an Operations Update and Updates 2019 Production Guidance

3 days ago DieselGasoil Comments Off on SRC Energy Issues Preliminary First Quarter 2019 Results; Provides an Operations Update and Updates 2019 Production Guidance
DENVER, April 22, 2019 (GLOBE NEWSWIRE) — SRC Energy Inc. (NYSE American: SRCI) (“SRC” or the “Company”), an oil and gas exploration and production company focused in the Denver-Julesburg Basin, today issues preliminary first quarter 2019 operating results, provides an operations update, updates 2019 production guidance, and announces its first quarter 2019 earnings release and Read More

Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion

1 week ago DieselGasoil Comments Off on Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
4/18/2019 Photo: Chrysaor CEO Phil Kirk. LONDON — Chrysaor Holdings Limited is to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced approximately 72,000 boepd in 2018. This acquisition increases Chrysaor’s pro forma 2018 production to 177,000 boepd, making Chrysaor one of the largest oil and gas producers in Read More

Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source

1 week ago DieselGasoil Comments Off on Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source
(Reuters) – Canadian marijuana producer Canopy growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday. FILE PHOTO: A sign featuring Canopy growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 . REUTERS/Chris Wattie/File Read More

Majors step up to bid on Argentina offshore acreage

1 week ago DieselGasoil Comments Off on Majors step up to bid on Argentina offshore acreage
4/17/2019 LONDON, HOUSTON and SINGAPORE — Argentina’s first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires. Of the 38 blocks offered in an open bid round, 18 were licensed. The round attracted bids from 13 companies, with the winning bids totaling $718.28 million. All Majors participated in the bidding, aside Read More

ExxonMobil wins three blocks in Argentina offshore bid round

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4/16/2019 IRVING — ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil Read More