Daily Archives: July 29, 2016

DNO launches bid to acquire Gulf Keystone

DNO, Oslo, has proposed to acquire Gulf Keystone Ltd., Bermuda, for $300 million in cash and shares. Both companies produce oil in the Kurdistan region of Iraq. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Repsol reports production increases due to acquisition, ramp-ups

Spain’s Repsol SA reported adjusted net income in the second quarter of €345 million compared with €312 million in the same quarter in 2015. Allowing for inventory and nonrecurring income, net income was €205 million vs. €292 million. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Halcon Resources files Chapter 11

Halcon Resources Corp., Houston, has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to pursue a prepackaged plan of reorganization in which the firm would eliminate $1.8 billion in long-term debt and reduce annual interest expense by more than $200 million. Read Full Article Here For more great articles: Oil & Gas Journal…

ONRR to update civil penalty regulations for first time since 1999

The US Office of Natural Resources Revenue will update its civil penalties on Aug. 1 for the first time since May 1999, the US Department of the Interior agency reported. Legislation, legal decisions, and recommendations from oversight entities drove the need to modernize and improve its civil penalty authority, it said. Read Full Article Here…

Williams gets FERC approval for eastern US expansions

Williams Partners LP has received approval from the US Federal Energy Regulatory Commission for both its New York Bay expansion and Virginia Southside II expansion projects. The New York Bay expansion is designed to serve increasing local distribution demand in New York City while the Virginia Southside II expansion targets new electric-power generation in Virginia….