Formed by the merger of Conoco and Phillips Petroleum, ConocoPhillips is the #3 integrated oil and gas company in the US, behind Exxon Mobil and Chevron; but that could all change following the acquisition of Burlington Resources (for a reported $35 billion) in 2006. The expanded company explores for oil and gas in more than [...]

BP is also BO (Big Oil). It is the world’s second largest integrated oil concern, behind Exxon Mobil. The company, which was formed in 1998 from the merger of British Petroleum and Amoco, grew by buying Atlantic Richfield Company. BP has proved reserves of 18.3 billion barrels of oil equivalent, including large holdings in Alaska. [...]

It’s not necessarily the oil standard, but Exxon Mobil is the world’s largest integrated oil company (ahead of BP and Royal Dutch Shell). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing around the world. It has proved reserves of 22.4 billion barrels of oil equivalent. Exxon Mobil’s 45 refineries in [...]

It’s not teeny, it’s Eni — and it’s huge. One of Italy’s largest companies, Eni operates in the oil and natural gas, petrochemicals, and oil field services industries and has expanded into power generation. Its main subsidiaries and affiliates are EniPower (power generation), Italgas (natural gas transmission), Saipem (oil field services), pipeline operator Snam Rete [...]

Having added Texaco’s star (and, more recently, Unocal’s authority) to its stripes, Chevron (formerly ChevronTexaco) can pull rank on its rivals. The second-largest US integrated oil company (behind Exxon Mobil) was formed by Chevron’s 2001 acquisition of Texaco. It has estimated proved reserves of 13 billion barrels of oil equivalent and daily production in excess [...]

PrimeWest Energy Trust (TSX:PWI.UN) is paying $300 million US, or about $330 million Cdn, for oil and gas assets in Montana, North Dakota and Wyoming.
With the deal expected to close by July 6, Calgary-based PrimeWest said Monday it will use existing credit lines plus a supplementary credit line of $250 million to finance the move.
“This [...]

PrimeWest Energy Trust (TSX:PWI.UN) is paying $300 million US, or about $330 million Cdn, for oil and gas assets in Montana, North Dakota and Wyoming.
With the deal expected to close by July 6, Calgary-based PrimeWest said Monday it will use existing credit lines plus a supplementary credit line of $250 million to finance the move.
“This [...]

Esprit Energy Trust (”Esprit” or the “Trust”) today announced that it has entered into an agreement to acquire Trifecta Resources Inc., a privately-held, Calgary-based oil and gas producer. Esprit has agreed to acquire all of the issued and outstanding shares of the company for total consideration of $102 million. This acquisition is subject to customary [...]

Husky, controlled by Hong Kong billionaire Li Ka-shing, said on Wednesday the well could contain 4-6 trillion cubic feet (113.3 billion to 169.9 billion cu m) of recoverable resources, a form of preliminary estimate.
Merrill Lynch called it new evidence of terrific potential of offshore China.
In comparison, China’s largest-ever onshore gas discovery, according to second-largest oil [...]

Hemi Energy Group Inc. (Pink Sheets: HMGP) announced today that it has closed an acquisition of producing oil and gas properties in Montgomery County, Kansas. Hemi has also announced that it has recently filed an information disclosure statement pursuant to rule 152C-11 with Pinksheets.com.
The acquisition of this property gives Hemi 100% working interest ownership (80% [...]