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W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field

5 days ago DieselGasoil Comments Off on W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field
Denver — Sees 100 million barrels of additional reserves Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Field production is currently 15,500 boe/d Will close soon on ExxonMobil’s Mobile Bay assets Pure-play US Gulf of Mexico operator W&T Offshore believes it has a lot more proved reserves at its Read More

Norway’s trillion dollar fund isn’t ditching oil after all

2 weeks ago DieselGasoil Comments Off on Norway’s trillion dollar fund isn’t ditching oil after all
The world’s largest sovereign wealth fund shocked the world when it said it was dumping oil and gas stocks, but it seems to have had a change of heart. The initial proposal of the fund—which has amassed its vast wealth from none other than Norway’s oil and gas revenues and is therefore commonly referred to Read More

Concho stock plummets 22% casting cloud over Permian

2 weeks ago DieselGasoil Comments Off on Concho stock plummets 22% casting cloud over Permian
By Rachel Adams-Heard on 8/2/2019 HOUSTON (Bloomberg) –One of the largest oil drillers in America’s most prolific shale field is being forced to slow down, casting a dark cloud over an industry already struggling to win back investors. Concho Resources, which Evercore ISI calls the bellwether of shale, plunged on Thursday after scaling back production Read More

Apache Corporation Announces Second-Quarter 2019 Financial and Operational Results

3 weeks ago DieselGasoil Comments Off on Apache Corporation Announces Second-Quarter 2019 Financial and Operational Results
HOUSTON, July 31, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) today announced second-quarter 2019 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call Aug. 1 at 10 a.m. Central time to discuss the results. The conference call will be Read More

TechnipFMC awarded UK North Sea EPCI contract by Neptune Energy, JV partners

4 weeks ago DieselGasoil Comments Off on TechnipFMC awarded UK North Sea EPCI contract by Neptune Energy, JV partners
7/24/2019 LONDON – Neptune Energy and its joint venture partners BP and JAPEX today announced TechnipFMC has been awarded an engineering, procurement, construction and installation Target Cost contract for the Seagull development oil project in the UK North Sea. Under the scope of the contract, TechnipFMC will construct and install the wellheads, Xmas trees, an Read More

Apache completes midcontinent asset sales

1 month ago DieselGasoil Comments Off on Apache completes midcontinent asset sales
7/19/2019 HOUSTON – Apache announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. In May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net proceeds, subject to customary closing adjustments. A portion of the Read More

Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time

1 month ago DieselGasoil Comments Off on Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time
HOUSTON, July 18, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. Asset salesIn May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net Read More

Permian watch: America’s hottest shale play is slowing down

1 month ago DieselGasoil Comments Off on Permian watch: America’s hottest shale play is slowing down
By Ryan Collins on 7/17/2019 HOUSTON (Bloomberg) –The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian basin in three years is showing some signs of waning. Oil flows from the formation spanning West Texas and New Mexico are set to Read More

Fast and lean: How North Sea oil is learning from American shale

1 month ago DieselGasoil Comments Off on Fast and lean: How North Sea oil is learning from American shale
By Eddie Spence on 7/17/2019 LONDON (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Motivated by lower crude prices and higher volatility, many companies are favoring smaller and nimbler investments known as “short-cycle projects.” That term — first coined in Read More

Cracks in Permian promise slowing shale boom

1 month ago DieselGasoil Comments Off on Cracks in Permian promise slowing shale boom
By Kevin Crowley and Rachel Adams-Heard on 7/12/2019 HOUSTON (Bloomberg) –The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns and keeping skeptical investors away. The constraints are manifold: pipeline limits, reduced flow from Read More