(Oil Price) – Eni SpA has closed the sale of its upstream assets in Alaska to U.S. privately-owned oil and gas producer Hilcorp for $1 billion as the Italian energy major looks to divest non-core assets. Eni sold 100% of its Nikaitchuq and Oooguruk assets in Alaska after receiving approvals from all relevant authorities, the company said on Monday. The Italian firm will
(World Oil) – Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House. The billionaires backing Trump include Kelcy Warren, chief executive officer of pipeline operator Energy Transfer LP; Harold Hamm, the founder of Continental
World Oil (Bloomberg) – Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3 billion) from disposals in its global upstream business, people familiar with the matter said. The sales would be part of a broader strategy of disposing of €8 billion in assets over the next three years. Units that could be candidates for the
Reuters BP (BP.L) said on Monday it had amended some financial terms of the $5.6 billion sale of its Alaska business to privately held Hilcorp following the recent slump in oil prices, which may lead to a lower cash boost than initially planned. The revised agreement retains the total consideration but adjusts the structure and phasing of the remaining payment,
From Bloomberg Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, he’s making his biggest bet yet — Alaska — just as shale producers run out of steam. Hildebrand’s Hilcorp Energy
By Tyler Losier, Energy Reporter, Oil & Gas 360 BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business in the state to Hilcorp Alaska, a subsidiary of Hilcorp Energy Company, for a total consideration of $5.6 billion. Under
From Hellenic Shipping News Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states. Chief among the technologies being used are advanced 3-D seismic and new data processing techniques, to define and map oil deposits in
From Bloomberg Its 50% of Jackalope system could fetch more than $500 million Division gathers and processes gas in Powder River Basin Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers for its stake in Jackalope Gas Gathering Services, which could fetch more than $500 million in a sale, according to people
Similar to four others offshore Alaska Ryan Zinkie, U.S. Secretary of the Interior, provided more details today regarding a proposed oil and gas development facility in offshore Alaska, the first facility of its type in waters off Alaska if approved. In terms of the specifics of the proposal, the Bureau of Ocean Energy management (BOEM) issued conditional approval to Hilcorp
From the Associated Press/US News ALBUQUERQUE, N.M. (AP) — A Houston-based oil and gas company wants New Mexico regulators to ease restrictions on well locations in two counties within one of the oldest producing basins in the U.S., saying the change will result in the capture of more natural gas. The request involving San Juan and Rio Arriba counties comes as
Hilcorp Alaska top bidder in Cook Inlet federal lease sale with more than $3 million in high bids on 76,000 acres Cook Inlet Lease Sale 244 — the first lease sale held in Alaska’s federal waters since 2008 — garnered $3,034,815 in high bids yesterday for 14 tracts covering roughly 76,615 acres in Cook Inlet, off Southcentral Alaska. All bids
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
