By Bojan Lepic Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations. The post... ... Read Full Article Here For more great articles: Offshore Energy Today.
Shale production in the largest US oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry’s latest quarterly results.
ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.
<p>Wall Street appears to have lost its taste for the resurgent U.S. shale industry as oil prices tumble and energy share prices fall.</p>
Deal combines two leading producers in the Marcellus and Utica shale formations.
Most Russian oil output comes from western Siberia, where fields are depleting, pushing firms to look for new regions. Sanctions complicate the process, barring Western firms from helping with Arctic offshore, deepwater and shale oil projects.
BHP Billiton Ltd. is holding discussions with competitors on the future of parts of its U.S. shale business amid heightened scrutiny of the unit from shareholders, including activist investor Elliott Management Corp. The company recognizes it needs alternative strategies for some of the assets, particularly gas-focused operations, Chief Executive Officer Andrew Mackenzie told reporters Monday in Tokyo. The were multiple potential owners of the assets spread across the states of Texas, Arkansas and Louisiana, he said. “We are in regular dialogue with those natural owners as to whether or not we can form more collaboration to allow us to share facilities,...
In a series of meetings last week, CEO Andrew Mackenzie stressed to shareholders that the company is open to selling parts of onshore portfolio
Saudi Arabia's waning grip on oil prices could loosen further if it sticks to a plan to limit supply in a desperate bid to drive up demand, according to experts.