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Oil & Gas

Parsley Energy to acquire $607m oil and gas assets in Midland and Delaware Basins Texas based Parsley Energy has agreed to acquire certain undeveloped acreage, and oil and gas producing assets for $607m near its existing operating areas in the Midland and Southern Delaware Basins. Oil & Gas > Exploration & Development > News

Latest Oil & Gas News by Sector

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Drilling and Production

Africa Oil makes oil discovery on Erut Prospect in Kenya
Africa Oil announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55m with 25m of net oil pay at a depth of 700m.
Oil & Gas > Exploration & Development > News
CNOOC begins production at Enping 23-1 oilfield in South China Sea
CNOOC Limited (CNOOC) has announced that the Enping 23-1 oilfields has commenced production in South China Sea.
Oil & Gas > Drilling & Production > News

Exploration & Development

OneSubsea bags EPC contract for Statoil’s Utgard development project
By EBR Staff Writer
Schlumberger company OneSubsea has bagged a contract from Statoil to supply subsea production system for Utgard gas and condensate discovery in the Norwegian North Sea.
Oil & Gas > Exploration & Development > News
ExxonMobil signs $6.6bn deal to double Permian Basin assets in US
By EBR Staff Writer
Exxon Mobil has agreed to acquire companies owned by the Bass family of Fort Worth, Texas, US for $5.6bn in stock and up to $1bn in additional payments, in a bid to boost its onshore oil production in the Permian Basin.
Oil & Gas > Exploration & Development > News

Refining & Petrochemicals

Imtex Permylene™ Membrane Systems - The Cost Effective Alternative to Distillation for Olefin Purification and Extraction
Imtex Membranes Corp., originator of the Permylene Membrane System, is the first commercially available facilitated transport membrane system that is a high performance, lower cost alternative to distillation for olefin extraction and purification in the petrochemical and refining industries.
Oil & Gas > Refining & Petrochemicals > News
David Paradis Appointed President of Weir Flow Control
The Weir Group PLC has appointed David Paradis to its Group Executive as President of the Weir Flow Control Division
Oil & Gas > Refining & Petrochemicals > News

Transportation & Storage

TransCanada receives US FERC approval to construct $1.8bn gas pipeline projects
By EBR Staff Writer
TransCanada has received the US Federal Energy Regulatory Commission (FERC) approval for the construction of the Leach XPress and Rayne XPress gas pipeline projects in the US with a total investment of $1.8bn.
Oil & Gas > Transportation & Storage > News
Africa Oil makes oil discovery on Erut Prospect in Kenya
Africa Oil announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55m with 25m of net oil pay at a depth of 700m.
Oil & Gas > Exploration & Development > News