Whiting Petroleum to Sell Assets in North Dakota’s Bakken for $500 million (Thursday, 17 August 2017)

Whiting Petroleum Corporation has agreed to sell its Fort Berthold Indian Reservation area assets, located in Dunn and McLean Counties, N.D., to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments. Whiting will use the net proceeds from the sale to repay $500 million of its current $550-million bank debt. ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Vital Energy Inc. S.W. Saskatchewan Core Project Areas – Status Update

CALGARY, Alberta, Aug. 17, 2017 (GLOBE NEWSWIRE) — Vital Energy Inc. (“Vital“) (TSX-V:VUX) is pleased to announce the following update on their S.W. Saskatchewan Core Project Areas: Gull Lake Project Area: The 02-29-13-19 W3M vertical test well that was targeting oil production from the Roseray, Cantuar and Upper Shaunavon formations was completed and placed on [Read More…]

Source: BOE Report

Malaysia’s Petronas Eyeing Stake in Indian LNG Import Terminal (Thursday, 17 August 2017)

Malaysian state oil firm Petronas[PETR.UL] is looking to buy a stake in Indian Oil Corp's Ennore liquefied natural gas (LNG) import terminal, the Indian firm's chairman said on Wednesday.

IOC aims to start operating the 5 million-tonnes-a-year terminal in the southern state of Tamil Nadu in 2018-19.

Companies including Petronas have shown an interest in taking a stake in ...

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Pioneer Natural Resources Announces Third Quarter 2017 Earnings News Release Date and Conference Call

DALLAS–(BUSINESS WIRE)–Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its third quarter 2017 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, November 1, 2017. A conference call is scheduled for Thursday, November 2, 2017, at 9:00 a.m. Central Time to discuss the [Read More…]

Source: BOE Report

Mesa Royalty Trust Announces Trust Income for August 2017

HOUSTON–(BUSINESS WIRE)–Mesa Royalty Trust (NYSE: MTR) announced the Trust income distribution for the month of August 2017. Unitholders of record on August 31, 2017 will receive distributions amounting to $0.104317951 per unit payable on October 31, 2017. The Trust received $66,559 and $49,638 from the New Mexico and Colorado portions of the San Juan Basin Properties. Royalty income [Read More…]

Source: BOE Report

Noble Corporation plc Provides Fleet Contract Status Update

LONDON, Aug. 17, 2017 /PRNewswire/ — Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of August 17, 2017.  The report, titled “Fleet Status Report,” can be found on the Company’s Website www.noblecorp.com, under the “Investor Relations” section of the Website. About Noble Corporation [Read More…]

Source: BOE Report

Global Process Oil Market to Grow at a CAGR of 2.5% by 2021: Boosted By the Growth of the Global Professional Skincare Market

DUBLIN, August 17, 2017 /PRNewswire/ — The “Global Process Oil Market 2017-2021” report has been added to Research and Markets’ offering. The global process oil market to grow at a CAGR of 2.56% during the period 2017-2021. The report, Global Process Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs [Read More…]

Source: BOE Report

Virginia Petroleum Council to Gov. McAuliffe: Virginians benefit from safe offshore energy development

RICHMOND, Va., Aug. 17, 2017 /PRNewswire-USNewswire/ — The Virginia Petroleum Council Executive Director Miles Morin released the following statement in response to Governor McAuliffe’s comments on the Interior Department’s oil and gas leasing program.  “It’s high time Virginians felt the benefits of harnessing our state’s vast energy resources. As the Governor has previously stated, safe and [Read More…]

Source: BOE Report

US Oil Sands Inc. Announces Second Quarter 2017 Results and PR Spring Project Update

CALGARY, ALBERTA–(Marketwired – Aug. 17, 2017) – US Oil Sands Inc. (“US Oil Sands” or the “Company“) (TSX VENTURE:USO), an innovator of oil extraction technologies, announces that it has filed its unaudited interim financial statements (“Interim Report“) for the three and six-month period ended June 30, 2017 (“Q2 2017“) along with the management discussion and [Read More…]

Source: BOE Report

Peabody Announces Launch Of Secondary Offering By Certain Selling Stockholders, Repurchase Of Common Stock

ST. LOUIS, Aug. 17, 2017 /PRNewswire/ — Peabody Energy Corporation (“Peabody”) (NYSE: BTU) announced today that certain of its existing stockholders affiliated with Discovery Capital Management, LLC (the “selling stockholders”) intend to offer 12,800,000 shares of Peabody’s common stock in an underwritten secondary offering, of which Peabody intends to repurchase from the underwriter a number of shares having [Read More…]

Source: BOE Report

Shale Will Beat OPEC as U.S. Oil Thrives at $40, Citigroup Says (Thursday, 17 August 2017)

U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said.

The Organization of Petroleum Exporting Countries and its allies may have boosted oil prices by cutting production, but they’re losing revenue in the process and their position “is not sustainable over a long period,” Citigroup’s ...

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Kirby Corporation Announces The Resignation Of Executive Vice President And Chief Financial Officer C. Andrew Smith

HOUSTON, Aug. 17, 2017 /PRNewswire/ — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced that C. Andrew Smith, Executive Vice President and Chief Financial Officer of Kirby, has informed Kirby that he is resigning from his position effective September 7, 2017 to accept another opportunity. David Grzebinski, Kirby’s President and Chief Executive Officer, commented, “Andy has been [Read More…]

Source: BOE Report

Offshore Drilling Mergers Rraise Hopes for Sector Recovery (Thursday, 17 August 2017)

Mergers among offshore oil drillers are raising hopes that consolidation could bring relief to a sector struggling to emerge from an industry downturn triggered by low crude prices.

Transocean Ltd, one of the world's largest offshore drilling contractors, on Tuesday agreed to buy Norwegian rival Songa Offshore SE for $1.1 billion. The deal follows Ensco Plc's pending purchase of ...

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