Northern Petroleum PLC is reviewing potential for redevelopment of two suspended fields in Italy in a package of onshore licenses it is acquiring from Rockhopper Exploration PLC. Both companies are based in London.
Caerus Oil & Gas LLC,
Denver, has agreed to acquire gas assets in the Piceance basin of
northwestern Colorado from Encana Oil & Gas (USA) Inc., a wholly
owned subsidiary of Calgary-based Encana Corp., for $735 million in cash.
Charles Proctor has joined Alpha Petroleum Resources Ltd., Guildford, UK, a privately owned operator focusing on the UK North Sea, as chief financial officer.
Norway’s Statoil ASA
has committed to continue the deepwater offshore exploration program in
the Great Australian Bight that was vacated by BP PLC late last year.
The US benchmark crude oil futures contracts for July and August
delivery edged down less than 10Â¢ on the New York market on June 8,
settling under $46/bbl for a second consecutive day but stabilizing
after oil prices dropped more than $2/bbl on June 7.
n 2016, the almost $1.2 billion value of North Korea’s coal exports accounted for about 40% of their total export revenue. A cap imposed by the United Nations (U.N.) on imports of coal from North Korea would limit North Korea’s coal export earnings to about US $400 million in 2017, about one-third of the previous five-year average.
Prairie Provident Resources Inc. (PPR) will continue drilling in
mid-July in the wake of successful 4-well program in southern Alberta at
its Wheatland prospect. The operator drilled wells Wayne-1, 2, 3, and
Entice-1 during this year’s first 3 months, deferring completions until
late April and early May.
Linn Energy Inc.,
Houston, has found a buyer for the remainder of its California assets,
advancing the firm’s ongoing noncore divestiture program.
US Interior Sec. Ryan K. Zinke signed an order late on June 7 that
was aimed at improving greater sage grouse habitat preservation efforts
across 11 western states and strengthening cooperation between the
federal government and state and local gove…
The Australian government regulator has disallowed Thai company PTT Exploration and Production Public Co. Ltd.’s plans to drill a new production well in Montara oil field in the Timor Sea on environmental grounds.