Anadarko Announces Another Deepwater Gulf of Mexico Discovery

Anadarko Petroleum Corporation announced its second deepwater Gulf of Mexico discovery this week. The Shenandoah discovery well, located in Walker Ridge block 52, encountered net oil pay approaching 300 feet in the Wilcox formation. “This has been a remarkable week, with back-to-back deepwater discoveries in the Gulf of Mexico,” said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration.... 

Tag: wilcox formation in gulf of mexico, anadarko heidelberg map

Curtis Represents KMG in Agreements Concerning Future Development of Kashagan Field, World’s Largest Oil Discovery in 30 Years

Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades. The North Caspian Sea consortium consists... 

Tag: curtis mallet kaz, curtis kazakhastan, kmg kashagan b v, kmg equity in kashagan, kashagan geophysical

Lexam Explorations Inc.: Finding of No Significant Impact Reached for Baca Project

LEXAM EXPLORATIONS INC. announce that the United States Fish and Wildlife Service (USFWS) has issued a Finding of No Significant Impact (FONSI) for Lexam’s Baca Project located in south-central Colorado. The USFWS’ decision was reached based on the results of an Environmental Assessment (EA) conducted by the Service under the National Environmental Policy Act (NEPA). The USFWS environmental... 

Denbury Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation

Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share. This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, 2008, the day prior to the date the offer commenced.... 

Tag: alabama natural gas drilling, paris france oil field, conocophillips shares outstanding, drilling for natural gas in north east alabama, conocophillips number of outstanding shares

Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

Tag: largest electric utilities list, largest electric power company in world, major european public oil and gas company, list of top 20 oil and gas companies of world, worldwide energy and trade rank

Approach Resources Inc. Reports Temporary Shut-in of Ozona Northeast Production

Approach Resources Inc. reported that an estimated 17.3 million cubic feet equivalent per day of natural gas, net to the Company, was shut in from the Company’s Ozona Northeast field as of September 11, 2008. The shut-in was caused when Chevron Phillips Chemical Company’s natural gas liquids and fractionation facility at the Sweeny complex, located approximately 65 miles southwest of Houston,... 

ConocoPhillips and Origin Energy to Create Long-Term Australasian Natural Gas Business

ConocoPhillips and Origin Energy announced their plan to create a long-term Australasian natural gas business focused on coal bed methane production and liquefied natural gas (LNG) processing and sales. The transaction is conditioned upon approval from Australia’s Foreign Investment Review Board and, if required as a result of an outstanding offer from BG to purchase all outstanding shares of Origin... 

Tag: shareholders of origin energy ltd, conocophillips renewable energy investment, 2009 financial results origin energy, origin energy jv phillip, conoco origin

LUKOIL, ConocoPhillips’ Yuzhno Khylchuyu Field Production Begins

OAO LUKOIL President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva today participated in a special ceremony on the occasion of the startup of the Yuzhno Khylchuyu (YK) field located in the Nenets Autonomous District. One of the biggest fields in the north of the Timan Pechora oil and gas province, this field is developed by OOO Naryanmarneftegaz, a LUKOIL and ConocoPhillips joint venture... 

Tag: yuzhno khylchuyu project and conocophillips, lukoil houston location, naryanmarneftegaz employees, yuzhno khylchuyu field, yuzhno khylchuyu

Sub-Saharan Natural Gas Conference Draws Independents & Majors

A number of independent and major exploration and production companies will attend a forum focusing on development of Sub-Saharan Africa’s prodigious natural gas reserves, September 3 & 4 in Houston. Among the organizations that will be represented at the meeting are: Artumas Group, Chevron, Citigroup, ConocoPhillips, Marathon Oil Corporation, PetroSA, Repsol YPF, Sasol, Fortesa, Hyperdynamics,... 

ConocoPhillips Production Falls

ConocoPhillips says its global production fell as expected in the second quarter because of planned maintenance, but it benefited from higher oil and natural gas prices. In an overview of market conditions for the April-June period, ConocoPhillips also said its worldwide refining margins in the second quarter probably improved from the first quarter. But the company said the improvement was offset...