Talking to Putin Tomorrow to Figure Out How to Stabilize Oil Prices Venezuela has struck a deal with China, its most generous creditor in recent years, for $5 billion designed to increase oil production in the coming months. Venezuela President Nicolas Maduro confirmed the agreement via a television broadcast on the evening of September 1 but was not specific on
The Energy Information Administration (EIA) published its findings regarding the removal of the crude oil export ban on September 1, 2015, finalizing a series of studies that have spanned dating back to May 2014. The EIA took a cautious approach in delivering its findings, explaining repeatedly how the price of crude oil could have wide implications on the effects of
Shortage of Frac Crews, Equipment Drives Favorable Pricing in Argentina “Eighty percent of the shale in the world has been identified as being outside of North America,” EcoStim Energy Solutions (ticker: ESES) CEO Chris Boswell told Oil & Gas 360® in an exclusive interview at EnerCom’s 20th The Oil & Gas Conference® in Denver, “but eighty percent of the equipment
Story by The Wall Street Journal Oil giant Royal Dutch Shell PLC cleared a significant hurdle toward itsplanned takeover of U.K.-based oil and gas firm BG Group PLC on Wednesday, after Europe’s highest antitrust regulator approved the deal unconditionally. The two companies agreed the $70 billion cash and share deal in April in the latest sign of how tumbling energy
Oil & Gas 360(R) Interview with Allen Bey, President & CEO of Rock Energy, at The Oil & Gas Conference(R) 20 in Denver, Colorado. View Rock Energy Presentation Webcast here.
Alta Mesa Holdings President & CEO Hal Chappelle talks to Oil & Gas 360 at The Oil & Gas Conference® 20 in Denver about his company’s holdings, operations and use of technologies to improve yields and reduce costs. View Alta Mesa Conference Presentation Webcast
Story by Bloomberg Malaysia’s state-owned energy company is considering acquiring Statoil ASA’s stake in a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said. Petroliam Nasional Bhd, also known as Petronas, may buy Norway’s biggest energy company’s 20 percent stake in the project, said the people, who asked not to be identified as
Goodrich Petroleum Corporation (GDP) (the “Company”) today announced that it has entered into separate, privately negotiated exchange agreements under which it will retire $55 million in an aggregate original principal amount of its outstanding 5.00% Convertible Senior Notes due 2032 (the “Existing Notes”) in exchange for its issuance of a new series of 5.00% Convertible Exchange Senior Notes due 2032
Virtus Oil and Gas Corporation (VOIL) (“Virtus” or “the Company”) spud the conductor hole at the Lone Pine 34-11-5 well in Southern Utah on August 25, 2015. Energy Drilling’s Rig 8 has been assembled onsite and initiated formal operations on August 31, 2015. As of 7:00 a.m. on September 1, 2015, the rig spud the surface hole and reached a
