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GulfSlope Energy to Form JV to Drill Shallow Depth Prospects in Gulf of Mexico
July 2, 2019
Independent oil and natural gas company GulfSlope Energy has announced the formation of a joint venture with a privately held oil and gas company to generate and drill shallow depth prospects in the Gulf of Mexico. GulfSlope Energy has executed
Australia-based Oil Search to Increase Stakes in Exploration Leases in Alaska
July 1, 2019
The Australian company has exercised an option to buy out the remaining stakes of Armstrong in the Alaska North Slope assets. Australia-based Oil Search has exercised its option to double its stakes in the Pikka Unit, Horseshoe Block and other
Summit Midstream Partners Makes Final Investment Decision on Double E Pipeline Project
July 1, 2019
Summit Midstream Partners (SMLP), a US-based midstream infrastructure assets owner and developer, has announced a final investment decision (FID) on the Double E Pipeline Project. SMLP has secured sufficient commitments pursuant to binding precedent agreements for long-term, firm transportation service
W&T Offshore to Acquire Stakes in ExxonMobil’s Assets, Gulf of Mexico
July 1, 2019
Independent producer W&T Offshore has signed an agreement with ExxonMobil to acquire its stakes in oil and gas producing properties in the Gulf of Mexico (GOM), for $200 million (€175.9 million). Under the terms of the deal, W&T Offshore will
ARLP to Acquire Oil and Gas Mineral Interests in Permian Basin
June 27, 2019
US-based diversified natural resource company Alliance Resource Partners (ARLP) has signed a definitive agreement to acquire oil and gas mineral interests Wing Resources and Wing Resources II for a cash purchase price of £113 million. The transaction is expected to
LNG Canada Secures Government Funding for Its $40 Billion Export Terminal in Kitimat
June 27, 2019
The Canadian government said that it will support LNG Canada’s CAD$40billon (£30.35 billion) liquefied natural gas export terminal (LNG export terminal) in Kitimat, British Columbia with an investment of CAD$275 million (£208.64 million). The LNG export terminal, which is the
Texas Judge Dismisses Lawsuit Against Kinder Morgan’s $2 Billion Permian Highway Pipeline
June 27, 2019
A group of landowners and officials in Texas filed the lawsuit on grounds that the state’s oil and gas regulator did not seek public opinion on the routing of the pipeline Pipeline sunset. Kinder Morgan has received a favorable ruling
Capricorn Norge Secures Drilling Permit for Production License, Norway
June 25, 2019
The Norwegian Petroleum Directorate has granted Capricorn Norge AS a drilling permit for well 6508/1-3 cf. Section 15 of the Resource Management Regulations. Well 6508/1-3 will be drilled from the Transocean Arctic drilling facility in position 65 58`25.73 N and
Bardasz Enters Partnership with RigNet for Machine Learning, AI, Real-time Solutions
June 25, 2019
Bardasz announced its partnership with RigNet for regional rights to offer their suite of AI Intelie Solutions to serve customers with a complete suite of machine learning, AI and real-time solutions. “Bardasz is excited to begin this relationship with RigNet,
Development Capital Resources Forms $165 Million Development JV in Permian Basin
June 25, 2019
Development Capital Resources announced that a DCR-managed subsidiary, capitalized by funds managed by affiliates of Ares Management, has entered into a drilling and development joint venture with a private operator in the Permian Basin. The DCR-managed entity will invest up
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