Hints and tips:
...In a sign of the renewed investor interest in the sector, Spain’s largest oil company Repsol last month agreed to sell a 25 per cent stake in its exploration and production business to Washington-based investment...
...Continental is the largest oil producer in the Bakken shale fields in the US states of North Dakota and Montana, and in the Anadarko Basin field in the company’s home state of Oklahoma....
...The International Energy Agency has said all new oil and gas exploration projects must halt if global warming is to be held in check....
...Diamond producer De Beers has appointed Al Cook, who most recently led Norwegian oil major Equinor’s exploration and production business, as chief executive....
...From around 500 exploration and production companies in the US before the crash, 50 may survive, he says....
...It invests in oil stocks, focusing on North American exploration and production companies, and currently favours companies with a market capitalisation of between $2bn and $10bn....
...Several energy-focused private equity groups and at least two publicly listed exploration and production companies have expressed interest, according to people briefed on the sale process....
...Independent exploration and production companies run by little-known executives fracked their way to a stunning rise in US oil and gas output over the past decade....
...Management at Tel Aviv-listed Navitas Petroleum LP apparently believes that the potential rewards at Sea Lion outweigh the risks....
...Norway’s Equinor and Italy’s Eni, which have bigger exploration and production divisions as a proportion of their overall businesses are more tied to the oil price....
...With share prices similarly weak across the US exploration and production sector, Anadarko’s decision to accept a bid from Chevron, valuing its business at about $50bn, looks like a signal that the industry...
...The sale to Houston-based Hilcorp, a privately owned operator, includes BP’s exploration and production business and its pipelines division in Alaska, including its stake in the giant Prudhoe Bay field and...
...The development of the US shale oil and gas industry was pioneered by smaller and midsized exploration and production companies....
...Since the start of 2017, the benchmark Brent crude price has risen by about 40 per cent, but the S&P 500 exploration and production sector index has dropped by 16 per cent....
...The S&P oil and gas exploration and production industry select index has dropped about 60 per cent from its peak in June....
...The planned sales, which will mostly come from Total’s exploration and production businesses, were announced as the company reported a nearly 20 per cent drop in second-quarter profits thanks to a weaker...
...Google and Anadarko Petroleum, one of the largest US exploration and production companies, are using artificial intelligence to analyse large volumes of seismic and operational data to find oil, maximise...
...The shift comes as some of the world’s largest oil companies, including ExxonMobil and Chevron of the US, are committing heavily to shale production, as seen in Chevron’s agreed $50bn deal to buy Anadarko...
...Further assets will be targeted across the sector, from exploration and production and oil services to refining and marketing, in Europe, Asia, Africa and South America....
...“Projects can be robust and profitable at current oil prices if the costs are right,” said Nicolas Terraz, an exploration and production executive at Total, which has strived for simpler design and greater...
...Last year, the new business, which sells to exploration and production operators, accounted for 30 per cent of the trust’s $300.2m in revenue....
...Canadian oil and gas producer Encana has agreed to buy Newfield Exploration Company under an all-stock $5.5bn deal that will create the second largest North American shale producer....
...The US exploration and production company that discovered huge gas reserves in deep water off the coast of Mozambique in 2010, said it had made enough progress in agreeing deals with customers, securing...
...The fund will buy companies that are active in all parts of the energy supply chain, from exploration and production, refining and marketing to oilfield services....
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