While the oversupply of crude continues to weigh on the market, the good news is the strength of compliance by OPEC and supporting countries to agreed production cuts
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In a bloodless and gore-less real-life version of Game of Thrones, 81-year-old King Salman made his son, Prince Mohammed bin Salman, heir to the Saudi throne
EQT is offering 0.37 of its own stock and $5.30 in cash for each outstanding Rice share. That values Rice shares at about $27.04 each, a 37% premium to Friday’s closing price
"We are now positioned to conduct our operational plan," said CEO, Garth Johnson
Exxon expects to start-up Liza by 2020, with the first phase development due to produce some 120,000 bopd.
The new facility extends the repayment date from 2020 to 2023
The initial phase of the Liza field development will produce 120,000 bopd.
The company was reporting on drill results from its joint venture partner Yamana Gold.
The energy producer said it will also reduce its midstream commitments by about US$430mln, and will market Caerus's production related to the assets
Originally a 1,000km 3D survey was planned but Eco and partner Tullow Oil have now agreed to increase this to the entire block area, or 2,550km
Prairie Provident Resources Inc unveiled encouraging well test results from four wells..
The plan, proposed by investors including the Church of England, was supported by over 62% of those eligible to vote
The new acreage connects the Lalla Mimouna exploration permit with SDX’s Sebou producing concession.
The AIM-listed group transformed itself at the start of the year with the US$30mln acquisition of the Egyptian and Moroccan assets of failed fellow AIM firm Circle Oil
The Wall Street Journal reported last week that heavyweight investment groups BlackRock Inc. and Vanguard Group are both backing a vote in favour of a proposal that would push Exxon to disclose climate-change risk
It is working to get SD-1X, which tested 82 feet on net pay, into commercial production as soon as possible.
He has acquired around 2.34mln shares in the group for $550,000..
The proceeds will provide it with the working capital it needs as it executes on its business plan.
"Point Loma is excited to add to our capital programs in 2017 with this injection of capital at a key time in our growth cycle," said the chief executive
The oiler now closed its joint venture funding deal with the Transerv subsidiary and gained a new investor
Last month, the junior oil group revealed it had sold a 20% working interest (WI) in its Alberta assets for $5mln
Funds affiliated with Warburg Pincus and Blackstone are offering shares at US$7.25 each and to no one's great surprise, the shares have fallen to about that level
It's a merger of equals but Clariant shareholders will own 52% of the combined entity - so why is it going to be called HuntsmanClariant?
This could be the start of the consolidation of the power production industry that many analysts have been predicting
Range is a 24.95% indirect shareholder of GPK through its ownership of 49.9% of the shares of New Age.