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ExxonMobil and Rex Tillerson Reach Agreement to Comply with Conflict of Interest Requirements
January 5, 2017
Exxon Mobil Corporation has reached an agreement with Rex W. Tillerson, former chairman and chief executive officer, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state. Under the agreement
Shell Midstream Partners Acquires Stake in Three Pipeline Projects, Gulf of Mexico
January 4, 2017
Houston based Shell Midstream Partners has acquired minority stakes in three pipelines located in The Gulf of Mexico from BP for an undisclosed sum. The acquisition is said to be a move to consolidate its corridor pipeline strategy in the
Freeport-McMoRan Completes Sale of Onshore California Properties for $592 Million
January 3, 2017
Freeport-McMoRan Inc. has completed the sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjustments. Under the terms of the agreement, Freeport-McMoRan has the right to receive additional proceeds of
Empire Petroleum Enters Agreement with Masterson West for Producing Red Cave Oil and Gas Properties
January 3, 2017
Empire Petroleum Corporation has entered into an agreement with Masterson West, LLC concerning a newly-formed entity, Masterson West II, LLC (MWII). According to the contribution agreement signed December 22, 2016, Empire contributed 40,000,000 shares of its common stock to MWII
Atar Capital Completes Acquisition of Furmanite’s Midstream Quality Assurance Business
December 28, 2016
Atar Capital has completed its acquisition of Furmanite’s Midstream Quality Assurance Business from a wholly owned subsidiary of Team, Inc. Based in Tulsa, Oklahoma, the business serves as an independent, outsourced provider of inspection and integrity services for all disciplines
Tanager Energy Commences Operations for First Yegua Test Oil Well, Texas
December 28, 2016
Tanager Energy Inc., which owns a 50 percent working interest in a 312.5 square mile area of mutual interest (AMI) with Paleo Oil Company, LLC, in east Texas, has commenced operations for its first well to be drilled within the
Chesapeake Energy to Sell Stake in Haynesville Shale Acreage for $465 Million, Louisiana
December 27, 2016
US-based oil and gas firm Chesapeake Energy has agreed to divest a stake in acreage and producing properties in its Haynesville Shale operating area in northern Louisiana to an affiliate of Covey Park Energy for $465m. Under the terms of
Venture Global to Invest $8.5 Billion in Plaquemines Parish LNG Complex, Louisiana
December 27, 2016
Venture Global LNG is planning to invest $8.5bn for the development of natural gas liquefaction facility and LNG export terminal in Plaquemines Parish, Louisiana, US. Located on the west bank of the Mississippi River near Mile Marker 55, downriver of
Alta Resources to Acquire Anadarko’s Marcellus Shale Assets for $1.24 Billion, Pa.
December 27, 2016
Anadarko Petroleum has agreed to sell some upstream and midstream assets in the Marcellus shale to a subsidiary of Alta Resources Development for about $1.24bn. The US-based oil and gas producer will sell its operated and non-operated upstream assets and
BOEM to Offer 48 Million Acres for Oil and Gas Lease Sale, Central Gulf of Mexico
December 27, 2016
The US Bureau of Ocean Energy Management (BOEM) is planning to offer 48 million acres in lease sale for oil and gas exploration and development in Central Gulf of Mexico. The proposed Lease Sale 247, which is slated to take
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