Company Overview and News

 
[Press] Tullow Oil: AGM Trading Update

2018-04-25 oilvoice
25 April 2018 – Tullow Oil plc (Tullow) issues the following Trading Update for the period 1 January to 25 April 2018. This statement is issued in advance of the Group's Annual General Meeting (AGM) which is being held at Tullow Oil plc, Building 9 Chiswick Park, London, W4 5XT at 12pm today. The Group will announce its Trading Statement and Operational Update on 27 June 2018 and Half Year Results will be announced on 25 July 2018.
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PXP Energy, partners farm out 35% stake in Peru oil prospect

2018-01-11 beta.philstar
MANILA, Philippines — Upstream oil and gas firm PXP Energy Corp. and its partners have taken in a new investor in the Peru oil prospect, UK-listed oil explorer Tullow Oil.
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PXP unit takes new partner for project

2018-01-10 bworldonline
A PERUVIAN UNIT of a company controlled by PXP Energy Corp. has taken on a new partner in an offshore exploration project in Peru, the Philippine-listed company told the stock exchange on Wednesday.
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Brazil's Prized Santos Basin Receives Single Bid In Oil Auction

2017-09-27 rigzone
RIO DE JANEIRO, Sept 27 (Reuters) - Only one block in Brazil's prized offshore Santos basin received a bid in the country's 14th oil round on Wednesday, a sign low global oil prices may have reduced the allure of potential new crude and gas investments in Latin America's largest economy.
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US oil rig count up just 2 as firms ponder second-half activity - Oil & Gas Journal

2017-07-28 ogj
Baker Hughes’ overall tally of active US drilling rigs for the week ended July 31 increased by 8 to 958. It’s just the second rise of the past 5 weeks for the overall count, which has rebounded resoundingly since a bottom of the drilling downturn on May 20-27, 2016 (OGJ Online, July 21, 2017). Since then, the count has added 554 units.  
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EQT halts Utica test to focus on Marcellus

2017-07-28 ogj
EQT Corp., Pittsburgh, has suspended a test program in the Utica shale to concentrate on drilling in the Marcellus shale boosted by its planned acquisition of Rice Energy Inc., Canonsburg, Pa. (OGJ Online, June 19, 2017).
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Beach plans expanded Cooper basin program for 2017-18

2017-07-27 ogj
Beach Energy Ltd., Adelaide, has outlined an expanded exploration and production program in its Cooper basin acreage for the 2017-18 financial year in which it expects to spend $220-260 million (Aus.). The company previously had forecast a figure of $155 million (Aus.).
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Karoon approves FEED for Echidna oil discovery in Santos basin, Brazil

2017-07-26 worldoil
MELBOURNE -- Karoon Gas Australia Ltd. is pleased to announce that its Board has approved the development concept for the Echidna light oil discovery, progressing the project to the next phase in the development, Front-End Engineering and Design (FEED).
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Anadarko restarts 30 Colorado wells, evaluates test results of others

2017-07-26 ogj
Anadarko Petroleum Corp. has restarted production at 30 of the more than 3,000 vertical wells in northeastern Colorado it took out of production for inspections in April after a 1-in. distribution line 200 ft from one of those wells exploded, destroying a nearby home and killing 2 people, a spokesman confirmed.
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Karoon moves ahead with Echidna field development off Brazil

2017-07-26 ogj
Karoon Gas Australia Ltd., Melbourne, has begun the front-end engineering and design phase for its wholly owned Echidna oil field in the Santos basin offshore Brazil.
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IHS Markit: Permian oil producers hedging 65% of their output at $50/bbl

2017-07-26 ogj
Crude oil-weighted operators in the Permian basin have hedged 65% of their remaining 2017 oil production at $50/bbl and 50% of their remaining gas production at $3/Mcf, according to analysis from IHS Markit Ltd.
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Karoon lets contract for Echidna field development off Brazil

2017-04-07 ogj
Karoon Petroleo & Gas, a Brazilian subsidiary of Karoon Gas Australia Ltd., Melbourne, has let a multiyear contract to Wood Group for the engineering services for full field development of Echidna oil field in the Santos basin offshore Brazil.
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BHI: Permian leads 15-unit jump in US rig count - Oil & Gas Journal

2017-04-07 ogj
The US drilling rig count’s surge continued during the week ended Apr. 7 with another 15-unit increase, according to Baker Hughes Inc. data. Twelve of those units started up in the Permian basin.
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Brazil oil union says Petrobras divestment still on hold

2017-03-17 theedgemarkets
BRASILIA (March 17): A regional oil workers' union said on Thursday that an injunction freezing sales of assets by Brazilian state-run oil company Petrobras, including its fuels distribution unit, will continue to block divestiture, despite an audit court ruling allowing sales to go ahead.
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Brazil oil union says Petrobras divestment still on hold

2017-03-17 reuters
BRASILIA, March 16 A regional oil workers' union said on Thursday that an injunction freezing sales of assets by Brazilian state-run oil company Petrobras, including its fuels distribution unit, will continue to block divestiture, despite an audit court ruling allowing sales to go ahead.
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