US
oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale - drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago.
Most
oil exploration companies need prices to climb above $ 60 before they'll feel confident about launching new projects and staffing up again.
The faster oil services firms and
oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create — but that data is now the subject of hot debate as the oil industry tries to figure out who owns that data.
The Minister for Energy, Boakye Agyarko has inaugurated a committee to supervise the open competitive bidding of Ghana's oil blocs to prospective
oil exploration companies.
Business News of Wednesday, 16 May 2018 Source: citinewsroom.com play videoBoakye Agyarko, Minister of Energy, Ghana The Minister for Energy, Boakye Agyarko has inaugurated a committee to supervise the open competitive bidding of Ghana's oil blocs to prospective
oil exploration companies.
A combination of the new fiscal regime and GNPC's promotional activities yielded results, as a number of
oil exploration companies invested in Ghana, which led to the discovery in 2007 of the Jubilee Fields, followed by a quick succession of other discoveries, including the TEN fields.»
Why did the New Zealand government announce that it will not issue any new permits to
oil exploration companies?
You might invest only in profitable companies (ones that make money and probably pay regular dividends), thus excluding something like
an oil exploration company, which will just lose money, and lose it, and lose some more, forever... unless it hits the jackpot, in which case you might suddenly find yourself sitting on a huge profit.
Another option is to buy flow - through shares issued by certain mining and
oil exploration companies.
It takes courage for a government to serve notice to powerful offshore
oil exploration companies that they're not welcome, but that's exactly what the Belize government has been doing throughout 2015.
Rothko's «No. 21» was owned for more than 40 years by Sao and Pierre Schlumberger, whose family founded
the oil exploration company that bears their name.
Most recently, documents made public by Platform, a British environmental and human rights organization working in Uganda, appeared to reveal an agreement between the British
oil exploration company Tullow Oil and the Ugandan government to allow gas flaring.
Not exact matches
California Resources Corporation is the largest
oil and natural gas
exploration and production
company in California on a gross - operated basis.
Investors who would prefer to play E&P
companies more broadly could consider the iShares U.S.
Oil & Gas
Exploration & Production ETF, which focuses on large - cap
companies and has an expense ratio of 0.43 %.
Among the biggest issues
oil - and - gas -
exploration companies face in the search for new sources of hydrocarbons is putting humans or high - value assets at risk.
Perth - based data management
company Tape Ark has completed a world first for the
oil and gas
exploration industry by demonstrating real - time seismic data acquisition using cloud storage rather than traditional tapes.
• Neptune Energy Group, which is backed by Carlyle Group and CVC Capital Partners, agreed to acquire ENGIE E&P International, a Paris - based
oil and gas
exploration company, for $ 3.9 billion.
• BP Energy Partners will sell portfolio
company Pinnacle Midstream, a Houston, Texas - based
oil and gas
exploration company, for at least $ 300 million, according to Reuters.
In California,
oil companies are pressing for further
exploration of the massive Monterey Shale, a 1,750 - square - mile area extending from the agricultural Central Valley to the Pacific Ocean that federal energy officials say could ultimately comprise two - thirds of the nation's shale
oil reserves.
Pardy expects we'll see a gradual shift out of integrated
oil companies and into riskier, more volatile
exploration - and - development and oilfield services stocks that can offer more upside, although he stresses that you can't lose sight of the
companies» balance sheets.
Otto Energy says the sale of its Galoc
oil field assets in the Philippines to Singapore - based energy
company Risco Energy Investments for $ 113.4 million will help fund
exploration activities for two years and return capital to shareholders.
By cultivating relationships with
oil and gas
companies now, UAS manufacturers like Insitu and Aerovironment are positioning themselves to continue supplying the industry with hardware and operational expertise as
exploration activities in the Arctic expand.
PDC Energy, Inc. is a domestic independent
exploration and production
company that acquires, produces, develops, and explores for crude
oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado and in the Delaware Basin in West Texas.
The aggressive
exploration program of recently listed Strike
Oil is on track with the
company set to drill three wells in the Carnarvon basin this month.
US - focused
oil and gas
exploration company Target Energy has announced plans for a $ 3.6 million capital raising, a farm - in agreement for a project in South Texas and changes to its board.
«After substantially improving their cost structures through 2015 and 2016, North American
exploration and production (E&P)
companies will demonstrate meaningful capital efficiency to the extent the West Texas Intermediate (WTI)
oil price is above $ 50 per barrel and the Henry Hub natural gas price is at least $ 3.00 per MMBtu,» Moody's said.
These efforts are bearing fruit for Weatherhaven, which recently partnered with Brazilian construction and logistics
company Esbracon, to provide up to 10 sustainable camp projects for
oil and gas
exploration giant, HRT of Brazil.
Only Randy Foutch, who founded Laredo Petroleum, Inc., an
oil and natural gas
exploration and production
company, received a lower protest vote, but he was only appointed in July 2013.
Yet another
company exposed to the energy sector, FMC Technologies sells
oil exploration and extraction equipment.
The
oil and gas
exploration and production
company announced earnings that missed estimates by 25 cents and revenues that beat estimates.
In the era of the Internet of Things (IoT) and the Internet of Everything (IoE), data about
oil resources and
oil wells is so important that
companies across the
oil industry's chain are now seeking to explicitly state in contracts who owns that data — the
oil service firms or their
exploration customers.
In today's digital world in which data in the
oil industry is nearly as valuable as
oil itself,
exploration companies are boosting investment in analytics and protecting proprietary data, while service
companies have realized how valuable data is to their customers and are selling data, insights, and analytics tools to them.
The
oil, natural gas, and petroleum
company focuses most of its energy on
exploration and production.
Exploration and production
companies have so far steered clear of taking sides, but Weir's departure would deprive Scotland of a valuable link in the production chain just when the country most needs innovative solutions to boost
oil output.
Empire
Oil Company (WA) Limited has been granted two petroleum
exploration permits in the Perth Basin, one of which includes a section of the Perth metropolitan area.
Representing one of its first major overseas acquisitions, the
company's wholly - owned subsidiary, Woodside Energy (USA) Inc. reached agreement with the Marathon Oil Company — part of the USX - Marathon Group which is a unit of the USX Corporation in Pittsburgh — for the acquisition of interests in a number of deep water exploration acreage blocks in th
company's wholly - owned subsidiary, Woodside Energy (USA) Inc. reached agreement with the Marathon
Oil Company — part of the USX - Marathon Group which is a unit of the USX Corporation in Pittsburgh — for the acquisition of interests in a number of deep water exploration acreage blocks in th
Company — part of the USX - Marathon Group which is a unit of the USX Corporation in Pittsburgh — for the acquisition of interests in a number of deep water
exploration acreage blocks in the Gulf.
West
Oil NL has achieved a milestone in its Timor Sea
exploration after farming out its 33.3 per cent interest in ZOCA 96 - 16 to Phillips Australasia Explorati
exploration after farming out its 33.3 per cent interest in ZOCA 96 - 16 to Phillips Australasia
ExplorationExploration Company.
The sale would come as the offshore sector continues to struggle with low
oil prices, and
oil exploration and production
companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.
The resulting
exploration and production
company will focus on
oil and gas worldwide while the downstream
company will focus on refining and marketing, primarily in the US although ConocoPhillips has some downstream operations abroad.
HOUSTON ConocoPhillips, the world's largest independent
oil and gas
exploration and production
company, posted a bigger - than - expected first - quarter profit on Thursday, helped by rising crude prices and cost cuts.
With
exploration budgets down, major
oil companies will rely on acquisitions to replace up to half of their reserves, according to energy consultancy firm Wood Mackenzie.
The Energy sector consists of
companies involved in the
exploration, production, or management of energy resources such as
oil, gas, and coal, as well as
companies that service these industries.
Looking ahead into 2018, I am keeping a close eye on the energy sector, where the ability of US
exploration and production (E&P)
companies to grow
oil production — at half the price of
oil from just a few years ago — remains a competitive advantage for these firms.
As its name suggests, the
oil and gas producer focuses entirely on prospects within the state of California, and the crude
oil price declines in 2015 created massive losses for the small
exploration and production
company.
Alta Mesa Resources, Inc. is a publicly traded (NASDAQ: AMR, AMRWW) independent
exploration and production
company focused on the development and acquisition of unconventional
oil and natural gas reserves in the eastern portion of the Anadarko Basin referred to as the STACK.
Bonanza Creek Energy Inc (NYSE: BCEI), an
oil and natural gas
exploration and production
company that emerged from Chapter 11 in April 2017, could also benefit from an improved cost structure,...
A flow - through share is a special type of common share issued only in Canada by
oil and gas or mineral
exploration companies.
You don't have to stick with the big boys in the industry, though; there are hundreds of independent
oil & gas
companies that participate in drilling and
exploration, equipment and services, pipelines, and refining and marketing.
The largest detractor from performance for the quarter and past twelve months was Apache, the U.S. - based
oil and gas
exploration and production
company.
Holdings in the funds mentioned as a percentage of net assets as of 9/30/2014: Berry Plastics 0.00 %, Cooper Tire & Rubber
Company 0.00 %, Devon Energy Corp. 1.82 % in Global Resources Fund, EOG Resources, Inc. 2.13 % in Global Resources Fund, Goodyear Tire and Rubber
Company 0.00 %, Royal Dutch Shell 0.00 %, SPDR S&P
Oil & Gas
Exploration & Production ETF 0.00 %, Tiffany & Co. 0.44 % in Gold and Precious Metals Fund.