NorthAmOil - North America Oil & Gas
NorthAmOil: Diamondback to acquire FireBird for $1.6bn
Diamondback Energy has announced a major Midland Basin acquisition, having agreed to purchase the Permian driller FireBird Energy for $1.6bn in cash and stock.
US, Canada drillers add eight rigs
US drillers added seven oil and gas rigs in the week ended October 14, the fourth time in five weeks that Baker Hughes’ count has risen. This is up 226 from October of last year.
EIA: crude inventories surge by almost 10mn barrels because of SPR release
US crude inventories rose by 9.9mn barrels in the week ended October 7, according to official figures from the Energy Information Administration.
EOG Resources paid $84mn in third quarter to settle hedges
US shale oil and gas producer EOG Resources Inc has disclosed that it paid $847mn during the third quarter of this year to settle hedges on energy prices.
Landmark emissions reduction project with ExxonMobil announced in Louisiana
A landmark emissions reduction project in Louisiana has been announced. ExxonMobil, CF Industries and EnLink Midstream are to collaborate on the largest-of-its-kind commercial agreement to capture and permanently store up to 2mn tonnes of CO2.
ExxonMobil mulls purchase of oil recovery specialist Denbury
ExxonMobil is considering a purchase of the oil recovery specialist Denbury, Bloomberg News has reported, citing anonymous knowledgeable sources. The talks are at an early stage, said Bloomberg.
Diamondback to acquire FireBird Energy
Diamondback Energy has announced a major Midland Basin acquisition. Diamondback has agreed to purchase the Permian driller FireBird Energy for $1.6bn in cash and stock.
Washington expected to soften Venezuelan sanctions soon, sources tell WSJ
The US government may soon scale back sanctions on Venezuela government, a move that would allow for the resumption of crude oil exports from the South American country to the US, Europe and other foreign markets.
Noble, Maersk Drilling complete merger
US-based Noble Corp. said on October 3 that it had completed its merger with Maersk Drilling, creating a new leading offshore drilling contractor.
Berry reportedly exploring options including sale
California-focused conventional oil producer Berry is reported to be exploring strategic options that could result in a sale.
Ottawa issues draft guidelines for oil and gas emissions performance
The Canadian government has published draft guidance for how oil and gas projects can demonstrate “best-in-class” performance on greenhouse gas emissions.
SilverBow announces further expansion in Texas
SilverBow Resources said on October 3 that it had agreed to acquire oil and gas assets in Texas’ DeWitt and Gonzales counties for $87mn from an undisclosed seller.
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