Offshore

Ancala Acquires Apache's Two North Sea Gas Pipeline Assets

Independent U.K.-based infrastructure investment fund Ancala Midstream Acquisitions Ltd. has finalized its acquisition of Apache Corp.'s (NYSE: APA) interests in two North Sea gas pipeline assets for an undisclosed sum, Ancala said Nov. 20. Through its North Sea-focused midstream oil and gas acquisi ...

Anadarko Petroleum Sees 11% Rise In 2018 Sales Volumes

Anadarko Petroleum Corp. (NYSE: APC) on Nov. 16 forecast an 11% rise in sales volumes for 2018, as shale producers boost oil output aggressively, taking advantage of recovering oil prices. The Woodlands, Texas-based oil and gas producer said it expects to sell 245 million to 255 million barrels of o ...

Suncor Energy declares dividend

All financial figures are in Canadian dollars. CALGARY, ALBERTA–(Marketwired – Nov. 14, 2017) – Suncor’s Board of Directors has approved a quarterly dividend of $0.32 per share on its common shares, payable December 22, 2017 to shareholders of record at the close of business on December 1, ...

Iraqi crude exports fall on wide Dubai premium, fall turnarounds: In the LOOP

Imports of Iraqi crude oil to the Louisiana Offshore Oil Port declined from September to October as US Gulf Coast refiners experienced fall turnaround season and as the Dubai/WTI spread remained historically wide. LOOP imported about 594,000 fewer barrels of Iraqi Basrah Light crude in October than ...

New pipeline to enable Uganda to export oil by 2020

The presidents of Tanzania and Uganda are due November 11 to lay the foundation stone for the construction of East Africa’s first significant oil export pipeline. It has been a long time coming. Joseph Magufuli of Tanzania and his Ugandan counterpart Yoweri Museveni signed a project agreement in ...

Next US Gulf lease sale may be its ‘largest’: Fuel for Thought

US Gulf of Mexico Lease Sale 250, scheduled for next year, was touted last month as the largest such auction to be offered in the nation’s history—but Trump Administration touters may have confused an offering with an outcome. True, the event—tentatively slated for March 2018—will feature 7 ...

Expanded US Sanctions May Affect Russia's Foreign Expansion In Oil, Gas

Newly updated sanctions introduced by the U.S. against Moscow for its role in the Ukraine crisis may put a brake on Russia’s future efforts to increase its exposure to the global oil and gas industry, analysts said on Nov. 1. However, the punitive measures will have little immediate effect on the ...

Threats To NAFTA Cast Doubt Over Mexico's Oil Tenders, Investment

Uncertainty about the fate of the North American Free Trade Agreement (NAFTA) and investor protections it guarantees could crimp future investment in Mexico's oil industry, including a high-stakes January deepwater auction. Ahead of a fifth round of NAFTA talks in Mexico City in mid-November, Washin ...

Canadian Natural Resources Limited Announces Quarterly Dividend

CALGARY, ALBERTA–(Marketwired – Nov. 2, 2017) – Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.275 (twenty-seven and one half cents) per common share. The dividend will be payable Janua ...

Bright Spot: Meet Forrest Hise

Forrest Hise is betting on Gulf Coast conventional oil and gas. In February, the fourth-generation petroleum engineer joined the family business, Hise Exploration Partners, a conventional  E&P company that focuses on the Gulf Coast and was founded by his father Richard Hise and grandfather Bill His ...