Argentinean state-run oil and gas company, YPF, and its Norwegian counterpart, Statoil, have entered into definitive agreements for the exploration and potential joint development of an unconventional field in central-west Argentina.
U.S. crude oil supply will surpass the 10-million-barrels-per-day (MMBPD) mark this year, overtaking Saudi Arabia and rivalling Russia, the International Energy Agency (IEA) said Friday on its monthly oil report.
Canyon Creek Energy – Arkoma (CCEA) said Wednesday it’s added to its Arkoma Stack leasehold position through the acquisition of 50,000 gross acres in the liquids-rich play, via the purchase of Quanah Energy, for an undisclosed price.
Argentina’s largest electricity company, Pampa Energía, has agreed to sell a number of onshore oil assets from its exploration & production segment to Mexico’s independent explorer, Vista Oil & Gas, for $360 million, Kallanish Energy learns.
The assessment of shale gas resources in the UK is in its infancy, the country’s Oil & Gas Authority (OGA) said in 2013 when launching a report estimating resources at the Bowland shale gas play, located across the north of England, the Isle of Man and parts of North Wales and the Midlands.
After a successful three-year appraisal program, Chevron Canada Ltd. is beginning development of a portion of its leaseholdings in the Kaybob Duvernay area of western Canada, Kallanish Energy reports.
Hedge fund Elliott Management Corp. is readying for its second fight in four years with independent producer Hess Corp., looking to either force CEO John Hess from the company his father founded in 1933, or push him to consider selling all or part of the company.