Concho Resources Inc. has agreed to acquire 40,000 net acres with an average 99% working interest in the core of the Midland basin of West Texas from Reliance Energy Inc. for $1.625 billion. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
US Sen. Lisa Murkowski, (R-Alas.), strongly urged US Bureau of Ocean Energy Management Director Abigail Ross Hopper to preserve all three oil and gas lease sales proposed for Alaska when BOEM finalizes its 2017-22 US Outer Continental Shelf program. The senator’s request came during an Aug. 12 face-to-face meeting in downtown Anchorage, as Hopper neared…
Petroleo Brasileiro SA (Petrobras) reported a second-quarter net profit of $118 million, down 30% from last year’s net profit in the same period, largely attributed to impairment charges related to its Comperj refinery project outside Rio de Janeiro. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
The Oil & Gas Authority has awarded more than £0.2 million ($0.26 million) in grants under the final stage of its exploration license competition. Read Full Article Here For more great articles: Offshore RSS Feed
KrisEnergy has issued an update on its development programs in the Asia/Pacific region. Read Full Article Here For more great articles: Offshore RSS Feed
Petroleum Safety Authority Norway has approved the use of the jackup Maersk Interceptor to drill production wells at the Ivar Aasen field in the North Sea. Read Full Article Here For more great articles: Offshore RSS Feed
Ithaca Energy says Petrofac’s modifications to the semisubmersible FPF-1 at the Remontowa shipyard in Poland, and the onshore scope and testing work, were completed as planned. Read Full Article Here For more great articles: Offshore RSS Feed
Ali Akbar Shabanpour, managing director of Pars Oil and Gas Co., says he hopes to complete negotiations with ONGC next month on development of the Farzad B gas field in the Persian Gulf, according to Iranian news service Shana. Read Full Article Here For more great articles: Offshore RSS Feed
Ashtead Technology has completed a subsea integrity management project connected to BP’s Quad 204 redevelopment of the Schiehallion and Loyal fields, west of Shetland. Read Full Article Here For more great articles: Offshore RSS Feed
The American Petroleum Institute has sued the US Environmental Protection Agency, challenging the agency’s final rule that imposes emissions limits for new, reconstructed, and modified oil and gas sources. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest