New US Shell President Sees Collaboration Extending Permian Dominance
Extending the Permian Basin’s powerhouse status may benefit as much from collaboration as competition, the incoming president of Shell Oil said.
Gulfport Energy Appoints Donnie Moore Interim CEO As Michael G. Moore Steps Down
Gulfport Energy said Michael G. Moore stepped down as president and CEO of the Oklahoma City-based oil and gas company and will be replaced on an interim basis by COO Donnie Moore.
Blackbird Energy, Pipestone Oil Merge To Form Montney Pure-Play
Blackbird Energy and Pipestone Oil have agreed to merge, forming Pipestone Energy which is set to have the single largest land position in the Montney shale play in Alberta, Canada.
Enbridge's Profit Beats As It Moves More Oil On Mainline System
Enbridge Inc, Canada's largest pipeline operator, topped analysts' estimates for quarterly profit on Nov. 2, as the company transported more oil on its Mainline system that runs from western Canada to the United States.
ConocoPhillips Promotes Matt Fox To COO After Al Hirshberg Retires
In conjunction with the retirement of Al Hirshberg, ConocoPhillips said it will name Matt Fox COO. In addition, the company expanded Don Wallette Jr.’s role as CFO.
TransCanada Expects Keystone XL Decision By First-Quarter 2019
Company reports a 56% surge in liquids-pipeline profits in third-quarter 2018.
Encana To Combine With Newfield Exploration In $5.5 Billion All-Stock Transaction
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
Survey: OPEC Oil Production Rises To Highest Since 2016 Despite Iran
The 15-member OPEC has pumped 33.31 million bbl/d this month, a survey found, the highest by OPEC as a group since December 2016 despite a cut in Iranian shipments due to U.S. sanctions.
Weatherford Shares Sink On Cash Flow Miss, Bleak Fourth-Quarter Outlook
Shares of U.S. oilfield services provider Weatherford International fell sharply after the company's free cash flow and fourth-quarter guidance fell below analysts' expectations.
OPEC Signals Possible Need To Change Course As Oil Inventories Rise
OPEC and non-OPEC ministerial panel signaled a possible need for more production cuts as global oil inventories rise, in a statement that may further sour relations with President Donald Trump.