Positive Industry News and Events
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APA Corporation and Partners Lagniappe Alaska and Oil Search Announce Significant Oil Discovery in Alaska’s North Slope at Sockeye-2 Exploration Well; Partners Proceeding with Further Evaluation and Testing
HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary results of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25%. The Sockeye-2… More
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Murphy Oil Corporation Announces Strategic Acquisition of Floating Production Storage and Offloading Vessel in Gulf of America
Reduces Annual Operating Costs by Approximately $60 Million, Reaffirms 2025 Capital Expenditure Guidance HOUSTON–(BUSINESS WIRE)–Mar. 12, 2025– Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. The gross purchase price is $125… More
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Whitecap Resources & Veren to combine in a $15Billion Transaction
CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a… More
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ExxonMobil Guyana marks five years of oil production
Guyana now the third largest per-capita oil producer in the world. ExxonMobil Guyana-led consortium achieving industry-leading performance. Strong collaboration with Guyana’s public and private sectors driving country’s transformative growth. Georgetown, Guyana – ExxonMobil Guyana will mark five years of oil production in Guyana on December 19, a significant achievement that underscores the transformative potential of… More
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$10Billion+ O&G Investment: BP Unveils Strategic Reset to Drive Shareholder Value
BP has announced a major strategic reset aimed at increasing shareholder value through a fundamental reallocation of capital and enhanced performance measures. This shift marks a renewed focus on strengthening BP’s core businesses, optimizing investments, and ensuring sustainable long-term growth. According to a press release published this Wednesday (26th), the company’s revised strategy includes a… More
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$100 Million Bolt On: Ring Energy Announces Accretive Bolt-On Acquisition Lime Rock Resources Central Basin Platform
~ Capturing Synergies and Expanding Central Basin Platform Operations ~ ~ Announces Timing of Q4 and FY 2024 Earnings Release and Conference Call ~ THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire the Central… More
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$735mm Sale: ConocoPhillips announces agreement to sell interest in Ursa and Europa Fields
HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments. The transaction also includes an… More
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Sentinel Midstream’s “Texas Gulflink” Deepwater Port Receives Approval From U.S. Maritime Administration
DALLAS–(BUSINESS WIRE)–Sentinel Midstream LLC (“Sentinel”), a Dallas-based provider of crude oil midstream solutions, announced today that its “Texas GulfLink” deepwater crude oil export terminal has received its Record of Decision (“ROD”) from the U.S. Department of Transportation’s Maritime Administration approving its deepwater port license application. The ROD concludes a multi-year environmental and technical review of… More
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Breaking $4 Billion Deal: Diamondback Energy, Inc. Announces Midland Basin Acquisition of Double Eagle IV
MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments (the “Double Eagle… More
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